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Insights into the Network-as-a-Service (NaaS) Market size which is expanding with a 7.6% CAGR from 2024 - 2031

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The "Network-as-a-Service (NaaS) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Network-as-a-Service (NaaS) market is expected to grow annually by 7.6% (CAGR 2024 - 2031).

This entire report is of 198 pages.

Network-as-a-Service (NaaS) Introduction and its Market Analysis

The Network-as-a-Service (NaaS) market research report highlights the growing popularity of NaaS, a cloud-based service that allows businesses to outsource their networking needs. The target market for NaaS includes businesses looking to streamline their networking operations and reduce costs. Major factors driving revenue growth in the NaaS market include increasing adoption of cloud computing, rising demand for virtualization, and the need for flexible and scalable networking solutions. Companies such as Cisco Systems, Juniper Networks, and IBM Corp are leading players in the NaaS market. The report recommends investing in innovative technologies and strategic partnerships to capitalize on the growing demand for NaaS services.

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The Network-as-a-Service (NaaS) market is witnessing significant growth with the emergence of LAN-as-a-Service (LANaaS) and WAN-as-a-Service (WANaaS) offerings. These services provide organizations with the flexibility and scalability to meet their networking needs without the costs and complexities associated with traditional infrastructure.

The NaaS market is being embraced by various industries such as Information Technology (IT) and Telecommunication, Manufacturing, Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, Transport and Logistics, Retail, and others, as they look to streamline their network operations and reduce capital expenditure.

Regulatory and legal factors specific to the market conditions are crucial considerations for organizations adopting NaaS solutions. Compliance with data privacy laws, network security regulations, and industry-specific guidelines are key factors that organizations need to adhere to in order to ensure the data integrity and safeguard their networks.

In conclusion, the NaaS market is poised for growth as organizations across various industries recognize the benefits of moving towards a more agile and cost-effective networking solution. By understanding the regulatory and legal factors specific to market conditions, organizations can navigate the complexities of the NaaS landscape and harness its full potential.

Top Featured Companies Dominating the Global Network-as-a-Service (NaaS) Market

The Network-as-a-Service (NaaS) market is a highly competitive landscape with key players such as Cisco Systems, Juniper Networks, IBM Corp, NEC Corp, VMware, Aryaka Networks, Alcatel Lucent, Brocade Communications Systems, AT&T, Ciena Corporation, Aerohive Networks, Inc., Akamai Technologies, Inc., Amazon Web Services, Inc., Broadcom Ltd., Century Link, Inc., Citrix Systems, Inc., CloudGenix Inc., Cradlepoint, Inc., Extreme Networks Inc., Rackspace Holdings Inc., Silver Peak Systems, Inc., Talari Networks Inc. (now part of Oracle), and Verizon Communications Inc.

These companies offer a range of NaaS solutions including software-defined networking (SDN), virtual private network (VPN) services, network security, and managed services. They leverage advanced technologies like cloud computing, automation, and artificial intelligence to deliver scalable, secure, and flexible networking solutions to their customers.

Some of these companies have reported significant sales revenue in recent years. For example, Cisco Systems reported total revenues of $ billion in 2020, Juniper Networks reported net revenues of $4.4 billion in 2020, and VMware reported total revenues of $10.81 billion in 2020.

Overall, these companies play a crucial role in driving the growth of the Network-as-a-Service market by offering innovative solutions and services that help organizations to improve network performance, reduce costs, and enhance overall efficiency. Their expertise and investments in research and development are instrumental in shaping the future of NaaS and accelerating its adoption across industries.

  • Cisco Systems
  • Juniper Networks
  • IBM Corp
  • NEC Corp
  • Vmware
  • Aryaka Networks
  • Alcatel Lucent
  • Brocade Communications Systems
  • AT&T
  • Ciena Corporation
  • Aerohive Networks, Inc.
  • Akamai Technologies, Inc.
  • Amazon Web Services, Inc.
  • Broadcom Ltd.
  • Century Link, Inc.
  • Citrix Systems, Inc.
  • CloudGenix Inc.
  • Cradlepoint, Inc.
  • Extreme Networks Inc.
  • Rackspace Holdings Inc.
  • Silver Peak Systems, Inc.
  • Talari Networks Inc.(Oracle)
  • Verizon Communications Inc.

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Network-as-a-Service (NaaS) Market Analysis, by Type:

  • LAN-as-a-Service (LANaaS)
  • WAN-as-a-Service (WANaaS)

LAN-as-a-Service (LANaaS) provides businesses with virtualized local area network infrastructure, allowing for centralized management and scalability. Meanwhile, WAN-as-a-Service (WANaaS) offers virtual wide area network connectivity over the internet, reducing the need for costly hardware and maintenance.

These types of NaaS help boost the demand for NaaS by offering flexible and cost-effective solutions for companies looking to modernize their network infrastructure without significant upfront investment. LANaaS and WANaaS enable businesses to easily expand their network capabilities, improve performance, and enhance security, driving the growth of the NaaS market.

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Network-as-a-Service (NaaS) Market Analysis, by Application:

  • Information Technology (IT) and Telecommunication
  • Manufacturing
  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Healthcare
  • Transport and Logistics
  • Retail
  • Others

Network-as-a-Service (NaaS) is being applied across various industries including IT and telecommunications, manufacturing, BFSI, government, healthcare, transport and logistics, retail, and others. NaaS allows organizations to outsource their network infrastructure, reducing costs and improving flexibility. In IT, NaaS provides scalable and secure networks, while in BFSI it enables efficient transaction processing. In healthcare, NaaS supports secure data sharing and telemedicine. The fastest growing application segment in terms of revenue is expected to be healthcare, as the industry continues to digitize and prioritize connectivity for remote patient care and data management.

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Network-as-a-Service (NaaS) Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The Network-as-a-Service (NaaS) market is experiencing significant growth in various regions. In North America, the United States and Canada are witnessing a surge in NaaS adoption. In Europe, countries like Germany, France, the UK, Italy, and Russia are also embracing NaaS solutions. The Asia-Pacific region, including China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is expected to dominate the NaaS market with a significant market share. Latin America, Middle East & Africa, including Mexico, Brazil, Argentina, Colombia, Turkey, Saudi Arabia, UAE, and Korea are also showing substantial growth in NaaS adoption. The expected market share of the NaaS market in different regions is as follows: North America (35%), Europe (25%), Asia-Pacific (30%), Latin America (5%), and Middle East & Africa (5%).

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