Report ID: SQMIG45A2396
Report ID:
SQMIG45A2396 |
Region:
Global |
Published Date: December, 2024
Pages:
181
|
Tables:
102 |
Figures:
69
Network as a Service Market size was valued at USD 15.66 Billion in 2023 and is poised to grow from USD 20.81 Billion in 2024 to USD 152.37 Billion by 2032, growing at a CAGR of 32.9% during the forecast period (2025-2032).
The growth is attributed to increasing use of Network as a service (NaaS), as it costs less, offers more scalability. Increased demand for wider and faster network coverage and cloud adoption. They are widely used for data storage. Some of the factors fueling network as a service market growth are BFSI, manufacturing, retail, manufacturing. The widespread adoption of NaaS in many verticals like, transportation & logistics is contributing positively to the growth of network as a service market.
This network as a service industry is growing exponentially due to technological innovation and user appetite for cloud-based web services. Vertical organizations embrace network services to enable more efficient use of resources, reducing capital costs, improving performance and increasing time. NaaS lets users/customers charge network service costs from cloud providers. It is a cloud model that provides communication services over the Internet on a subscription model.
Network services are provided by network service providers and cloud providers for network products such as VPNs, WANs, and firewalls enables customers to monitor and operate their networks without having to manage network infrastructure. This includes a combination of hardware, software, licensing, and managed services. NaaS subscriptions for businesses and organizations with hardware and managed services.
Network as a service (NaaS) enables organizations and enterprises alike to maximize flexibility and performance for their network infrastructure. On-demand purchasing allows companies to be more cost-effective and only pay for essential communication infrastructure. Network as a service (NaaS) can also provide organizations in need of significant supply chain flexibility, without having to rebuild networks or renegotiate contracts from scratch.
NaaS offers businesses greater flexibility and opportunities to improve communications. Organizations can emphasize costs by billing for the specific network services requested through on-demand purchases. NaaS also enables businesses that need to make significant provisioning changes without reworking their networks or contracts.
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Report ID: SQMIG45A2396