The global Network as a Service market (NaaS) is expected to grow at a significant CAGR during the forecast period (2021-2027). Network as a Service (NaaS) is the sale of network services from third parties to clients that don’t want to construct their own networking infrastructure. Network as a Service (NaaS) packages networking resources, services, and applications as a product that can be bought for a number of customers or users, usually for a contracted and defined period of time.
Network as a service offers companies greater flexibility and even performance gains in their network infrastructure. With on-demand purchasing, companies can be more cost-conscious and pay only for the networking services they need. Network as a service (NaaS) can also help companies that want greater flexibility in provisioning without having to rearchitect networks or redo contracts from the ground up.
The rising adoption and implementation of the cloud for data storage and introduction of big data analytics is backing and contributing to the growth of the Network as a Service market. In addition, the rapid growth and evolution in IoT technologies also support the growth and development of the global NaaS market.
The major players of the global NaaS market include Verizon Communications Inc., IBM Corp., Cisco Systems, Inc., Oracle Corp., among others. In order to maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
Recent Strategic Initiatives-
Market Coverage
o By Type
o By Industry Verticals
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global Network as a Service (NaaS) Market Report Segmentation
By Type
• LAN-as-a-Service
• WAN-as-a-Service
By Industry Vertical
• BFSI
• Healthcare
• Retail and E-Commerce
• IT & Telecom
• Manufacturing
• Government
• Others
Global Network as a Service (NaaS) Market by Region
North America
Europe
Asia-Pacific
Rest of the World