Press Release Description
Global Network as a Service Market to Accelerate at an Anticipated CAGR of 25.34% During 2025-30
The Global Network as a Service (NaaS) Market size was valued at around USD16.48 billion in 2024 and is projected to reach USD63.9 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 25.34% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The rise in the market is due to an increase in the digital infrastructure, government support in research and innovation in technology, growing investments in technology cloud, AI, ML, etc., enlarging healthcare, public, manufacturing, BFSI sector, the growing need for digitalization, increasing internet penetration, and others.
The manufacturing sector is growing across multiple countries, especially in China, the US, Japan, etc., because of the advanced high-tech manufacturing equipment integrated into the units. The machinery is connected to cloud servers and 5G internet services, which enables the seamless functioning of the industrial internet of things (IIoT) in them. Thus, the increasing demand for high-quality products has increased the consumption of networking services in the manufacturing sector of regions worldwide.
Moreover, the increasing integration of advances such as AI, ML, edge computing, etc., in the network servers has surged, due to the automated traffic rerouting and insights. Such integration detects and reroutes the traffic on the servers by optimizing the bandwidth during peak hours and from weak connections. It further detects the anomalies and correlates them with real-time data, alerting the service providers of the potential attack.
Thus, the increasing adoption of advancements such as IIoT, AI, ML, edge, and cloud computing in the networking servers & manufacturing units, and increasing investments in the digital infrastructure, boost the growth of the market worldwide, further states the research report, “Global Network as a Service Market Analysis, 2025.”
Segmentation Analysis
Wide Area Network (WAN) is the Most Preferred Service Among Users
Based on the service, the market is further bifurcated into Local Area Network and Wireless Local Area Network (LAN/WLAN), Wide Area Network (WAN), Communication and Collaboration, and Network Security. The wide area network holds the majority of the market share, around 53%. This is due to the widespread accessibility, increasing white-collar population, integration of 5G internet & cloud services, adoption of security solutions, etc.
The increasing remote working culture, adoption of electronic devices, increasing penetration of 5G internet, etc., have led to an increase in the demand for WAN services in the market. As a business with widespread services and offices that rely on the networks for connectivity, it utilizes a WAN for seamless connectivity and functionality. The upgradation of the WAN to a cloud, software-based WAN eliminates the need for expensive hardware, reduces the installation cost. Thus, the strong, stable connectivity and the low-cost WAN services have increased their demand globally, including small-scale firms and startups.
North America Leads Global Network as a Service Industry
North America dominates the Network as a Service Market globally with a market share of more than 43%. This is due to the presence of large technology providers, growing and well-established digital infrastructure, increasing 5G internet penetration, integration of advancements such as AI, ML, Cloud, etc., the growing government investments and initiatives in technology through the BEAD program, etc.
North America is a technologically advanced region, attracting large high-tech companies like Microsoft, Google, IBM, etc., and investors to the region. The increasing expansion of these companies results in the innovation and development of new technologies, thus offering early and easy accessibility to advancements such as edge and cloud computing. As a result, Cisco Systems Inc., AT&T Inc., and Verizon Communications Inc., service providers, have strengthened their roots in the region. Additionally, the government supports through investments in the digital infrastructure and components, such as optical fibers, broadband, cables, etc., further boosts the network as a service industry in the region, thus facilitating the largest market share of North America, across the globe.
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Cisco Systems Inc., AT&T Inc., Verizon Communications Inc., China Telecom Corporation Limited, Deutsche Telekom AG, NTT Communications Corporation, IBM Corp, Vodafone Group plc, Orange S.A., Tata Communications Ltd., and others are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & service adoption?
- How has the competition been shaping up across various regions?
- How have buying behavior, customer inclination, and expectations from service providers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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