Network as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Network as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Status : February, 2023 | Technology & Media

Report Digest

Network as a Service Market: Overview

The category of X as a service (XaaS) is expanding, and service providers are broadening the ambit of applications or network services that fall under this. The several gains that outsourcing via cloud have brought to enterprises is a major value proposition in the network as a service. Network-as-a-service (NaaS) has emerged as relatively new framework for enterprises where the framework can technically outsource different levels of network functionality comprising level 1 to 7. Some of the key aspects where NaaS market is expected to add value are software-defined WAN (SD-WAN), application delivery controller (ADC), bandwidth on demand, and data center connectivity. Cloud service providers (CSPs) are diversifying their offering making them hybrid, thereby expanding the canvas for players in the NaaS market. The usual models are subscription-based and pay as you go.

The market intelligence study is a detailed, data-based assessment of the opportunities in various product segments, dynamics shaping the current competitive landscape, strategic frameworks expected to gain preference, and estimations of opportunities in major regions. The insights and the comprehensive market estimations are aimed at guiding CXOs, venture capitalists, and governments to assess the revenue potential during the period of 2021 – 2030.

Network as a Service Market: Key Trends

The demand for NaaS is driven by the several benefits that outsourcing by cloud offer to enterprises, most notable of which are flexibility of provisioning of network resources and the scalability. NaaS enables enterprises to move a substantial portion of their resources from CAPEX to OPEX, which they earlier used to spend on building the required networking infrastructure. The growing traction of SDN is a key accelerant of fueling prospects for he NaaS market.

CSPs and stalwarts operating in CSPs are keen on adopting cutting-edge virtualization technology to add value to their NaaS offerings, thereby expanding the avenues for their customers. In this regard, they are harping on the aspects of flexibility, scalability, access options, and bundled security. A growing number of network providers who want to easily scale up or down based on the dynamic demand has been a key aspect of the business proposition underlying NaaS. There are some of the challenges that deaccelerate the strides the market may make in the next ten years. For one, the vendor lock-in is a key challenge. The leaning on multi-vendor networks and the lack of standardization are some of the major impediments, which need attention by NaaS providers. Another key challenge may be with developing a robust data-center networking network-security. Allaying these fears will undoubtedly spur the growth of the market.

Network as a Service Market: Competitive Dynamics and Key Developments

Some of the prominent players in the NaaS market are moving aggressively on the growth path, such as Amazon, Rackspace, AT&T, Verizon, and Telefonica. A number of new entrants are looking for gaining foothold by catering to niche customers. At the forefront of these are Aryaka, Cloudgenix, VeloCloud, and Pertino. A few specialized network providers have climbed on the bandwagon on XaaS by broadening the assortment they will offer as outsourcing. Another area with potential revenues in the NaaS market is mobile virtual network operator (MVNO).

Network as a Service Market: Regional Assessment

On the regional front, North America has emerged as a prominent market, given the vast presence of a number of CSPs and technology companies. The growing demand for services that can be outsourced under the NaaS model in Asian economies is expected to cement the revenue potential of Asia Pacific NaaS market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?