Global Network as a Service Market 2024 – Industry Size, Growth, Share, Top Key Players | China Telecom Corporation Limited, Verizon Communications Inc., China Mobile Limited, AT&T Inc., Deutsche Telekom AG

Overview and Scope
Network as a service refers to a subscription-based or flexible consumption model that enables clients to operate network infrastructure. Network as a service is used to provide networking infrastructure to customers.

Sizing and Forecast
The network as a service market size has grown exponentially in recent years. It will grow from $20.22 billion in 2023 to $26.2 billion in 2024 at a compound annual growth rate (CAGR) of 29.6%. The growth in the historic period can be attributed to increased demand for scalable solutions, cost-efficiency, rise of remote work.

The network as a service market size is expected to see exponential growth in the next few years. It will grow to $78.61 billion in 2028 at a compound annual growth rate (CAGR) of 31.6%. The growth in the forecast period can be attributed to edge computing expansion, security and compliance requirements, industry-specific networking solutions, flexible subscription models. Major trends in the forecast period include 5G integration, digital transformation initiatives, software-defined networking (SDN) adoption, network security as a service (SECaaS), network analytics and intelligence.

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Segmentation & Regional Insights
The network as a service market covered in this report is segmented –

1) By Type: LAN as a Service, WAN as a Service, Bandwidth on Demand (BoD), VPN as a Service, Managed Services
2) By Enterprise Size: Large Enterprises, SMEs
3) By End-User: Banking, Financial Services, And Insurance (BFSI), Government And Public Sector, Healthcare, IT And Telecommunication, Manufacturing, Retail And E-commerce, Other End Users

North America was the largest region in the network as a service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing number of cloud-based applications across enterprises is expected to propel the growth of the network as a service market going forward. Cloud-based applications refer to the cloud computing used for data storage. People staying at home have increased the usage of the internet which has surged the demand for high-speed network connection, network as a service utilizes cloud computing that is helpful for the customers to operate their own networks by deploying cloud-based applications and have access to network infrastructure directly and securely. For instance, in 2021, according to Cisco, a US-based technology company, overall data center workloads and compute instances will be more than double those of 2021. The workload and compute instance density for cloud data centers will reach 13.2 by 2021. Therefore, the growing number of cloud-based applications across enterprises is driving the network as a service market growth.

Key Industry Players
Major companies operating in the network as a service market report are China Telecom Corporation Limited, Verizon Communications Inc., China Mobile Limited, AT&T Inc., Deutsche Telekom AG, NTT Communications Corporation, IBM Corp, Cisco Systems Inc., Vodafone Group plc, KDDI Corporation, Orange SA, Telefonica S.A., Oracle Corp, BT Group plc, Lumen Technologies Inc., Telstra Corporation Limited, TELUS Corporation, Singtel, Wipro Limited, Comcast Business, Telia Company AB, Juniper Networks Inc., Colt Technology Services Group Limited, Tata Communications Ltd., Cloudflare Inc., Axians, PCCW Global, GTT Communications Inc., Aryaka Networks Inc., Servsys Corp

The network as a service market report table of contents includes:

1. Executive Summary

2. Network as a Service Market Characteristics

3. Network as a Service Market Trends And Strategies

4. Network as a Service Market – Macro Economic Scenario

5. Global Network as a Service Market Size and Growth

…..

32. Global Network as a Service Market Competitive Benchmarking

33. Global Network as a Service Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Network as a Service Market

35. Network as a Service Market Future Outlook and Potential Analysis

36. Appendix

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