Network as a Service Market Grows at CAGR of 29.4% | Key player AT&T, Verizon, Telefonica, NTT Communications, Vodafone

Network as a Service Market Grows at CAGR of 29.4% |  Key player AT&T, Verizon, Telefonica, NTT Communications, Vodafone
Network as a Service Market Grows at CAGR of 29.4% |  Key player AT&T, Verizon, Telefonica, NTT Communications, Vodafone

“AT&T (USA), Verizon (USA), Telefónica (Spain), NTT Communications (Japan), Orange Business Services (France), Vodafone (UK), BT Group (London), Tata Communications ( India), Lumen (US), Masergy (US), Servsys (US), TELUS (Canada), PCCW Global (China), KDDI (Japan), Cloudflare (US) , ARYAKA NETWORKS (USA), China Telecom (China), China Mobile (China). ”

Network as a Service Market by Type (LAN and WLAN, WAN, Communication and Collaboration, and Network Security), Organization Size (Large Enterprises and SMBs), Application, End User (BFSI, Manufacturing, Healthcare), and Region: global forecast for 2026

MarketsandMarkets forecasts the world Network as a service market it will grow from USD 10.4 billion in 2021 to USD 37.5 billion in 2026, at a compound annual growth rate (CAGR) of 29.4% over the forecast period. Businesses have been embracing the NaaS model as it provides several benefits such as significant cost savings, enhanced security, and increased business agility. NaaS solutions allow companies to focus and expand the range of their business offerings without sacrificing quality or content. In addition, cloud-based implementations such as Wi-Fi as a Service offer features such as centralized management and remote troubleshooting with the help of cloud access points, reducing overall capital expenditure (CAPEX) and cost. total cost of ownership (TCO). . Enterprise-provided NaaS solutions enable businesses to improve performance and reduce risk with an end-to-end network strategy to optimize efficiency, flexibility, and scalability.

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Network Security segment will grow at the highest CAGR during the forecast period

NaaS offers a robust set of security services that provide defense against malicious attacks with the provision of secure network policies, firewall-as-a-service, secure web gateways, network access control, and secure DDI. These network security services help businesses protect networks from cyber threats, data leaks, intrusions, and detections. Network security is a broad term that encompasses a set of technologies and tools designed to support the secure flow of data and information across networks. Regardless of size, businesses require a high degree of network security to protect their network infrastructure from growing cyber threats. In today’s digital world and remote work culture, incidences of network threats have increased exponentially around the world. The changing business model and hybrid network infrastructure are challenges for businesses in terms of network infrastructure security. Attackers have found hundreds of ways to exploit network infrastructure with DDoS attacks and vulnerabilities.

The Small and Medium Business segment is expected to grow at the highest CAGR during the forecast period

Organizations with fewer than 999 employees are considered to be in the SME segment. These organizations struggle with a low network infrastructure budget, despite advances in technology. However, with the availability of low-cost cloud services and the as-a-service model, SMEs have shifted their focus from digital transformation to benefit from emerging technologies such as cloud, analytics, IoT, and SDN. Small businesses around the world are no exception when it comes to access to wired and wireless infrastructure. All organizations, regardless of size, have adopted a mobile-first strategy to cope with the growing world of technology and gain new business opportunities. The NaaS model has benefited most SMEs. This model offloads the burden of managing the entire network infrastructure at a lower cost to network operations teams. In this way, business stakeholders can emphasize their daily business activities by accessing continuous Internet connectivity. Like global organizations, SMEs in emerging countries are moving to the subscription-based model from the ownership model. Within the subscription or NaaS model, companies can choose to purchase any software or hardware device that costs more than the as-a-service model.

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Key and emerging NaaS market players include AT&T (US), Verizon (US), Telefonica (Spain), NTT Communications (Japan), Orange Business Services (France), Vodafone (UK), BT Group (London), Tata Communications (India), Lumen (USA), Masergy (USA), Servsys (USA), TELUS (Canada), PCCW Global (China), KDDI (Japan) , Cloudflare (USA), ARYAKA NETWORKS (USA), China Telecom (China), China Mobile (China), Singtel (Singapore), GTT Communications (USA), Telia (Sweden), Telstra (Australia), Deutsche Telekom (Germany), Colt Technology Services (UK), HGC (China), TenFour (USA), PacketFabric (USA), OnX Canada (Canada), Megaport (Australia), Wipro (India), Epsilon (Singapore), Axians (France), IPC Tech (USA) and Microland (India). These players have adopted various strategies to grow in the global NaaS market.

AT&T is one of the leading companies in the entertainment and communication services industry. The company offers products and related services for voice, video and broadband connections in domestic and global markets. It has a strong presence in North America, especially in the US The company’s network services include AT&T Business Wi-Fi, Internet Service, AT&T Managed Threat Detection and Response, Premises-Based Firewall, LAN managed, AT&T web-based firewall service, managed SD-WAN, managed VPN, AT&T Business Wi-Fi, and Intrusion Detection and Prevention Service. AT&T also offers voice and collaboration services that help customers communicate effectively, reduce costs and improve productivity.

Verizon is one of the world’s leading providers of communication, information and entertainment products and services to consumers, businesses and government agencies. The Verizon NaaS platform helps enterprise customer care deliver dynamic applications and services, while also helping to enable advanced technologies like 5G, Multi-access Edge Computer (MEC), artificial intelligence/machine learning (AI/ML), and reality increased. and Virtual Reality (AR/VR). Verizon’s Managed Network Services portfolio includes Managed WAN, Managed SD-WAN, WAN Optimization Services, Managed LAN, Managed Wireless LAN, Managed SD Wireless LAN, Software-Defined Secure Branch, and Secure Gateway Services. These services help companies protect their networks, reduce the time they spend training IT staff, improve business performance, and stay ahead of the competition. Its NaaS offering enhances the speed, capacity and flexibility of HUB International’s 450 offices in the US and Canada.

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