Network as a Service (NaaS) Market: Current Analysis and Forecast (2022-2028)

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The global NaaS Market is expected to grow at a growth rate of around 28% during the forecast period. NaaS is defined as network infrastructure hardware, software, services, management, and licensing components used in a subscription-based or flexible consumption model. NaaS enables organizations to outsource network infrastructure provisioning, deployment, network administration, maintenance, and lifecycle management. Financing flexibility, enhanced security, proactive management, and scalable centralized management are some of the major benefits of NaaS.

The global NaaS market is uplifting on the account of the demand for reduced automation time and costs and high reliability and protection for mission-important enterprise applications. Moreover, factors such as the rise of software-defined networking (SDN) integration into existing network infrastructure, and the accelerated adoption of cloud computing among large and small, and medium enterprises are also contributing to the growth of the market. For example, according to Eurostat, 41% of EU companies used cloud computing primarily for hosting email systems and storing files in electronic form in 2021, and 73% of these companies used cloud computing for security software applications, and hosting enterprises used advanced cloud services.

Some of the major players operating in the market include Verizon Communications Inc., Telefónica S.A., Nippon Telegraph and Telephone Corporation, Orange S.A., Vodafone Group Plc, BT Group plc, Lumen Technologies Inc., AT&T Inc., Comcast Corporation, and KDDI Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

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Insights Presented in the Report

“Amongst type, wide area network segment to witness robust CAGR during the forecast period”

Based on type, the market is classified into local area network (LAN) and wireless local area network (WLAN), wide area network, communication and collaboration, and network security. Among these, the wide area network segment captured a commendable share of the market. WAN is a specialized managed service suitable for large to mid-size enterprises as it enables rapid deployments, optimizes user productivity and experience, and reduces costs. It replaces hardware appliances as it is offered via the cloud and enterprises can configure WAN with a simple internet connection and software.

“Amongst application, the cloud and SaaS connectivity segment to hold a significant share in the market in 2020”

Based on application, the market is divided into video conferencing, cloud and SaaS connectivity, VPN, bandwidth on demand, network access control, and others. The cloud and SaaS connectivity segment catered to a prominent share of the global network as a service (NaaS) market. The growing use of technology and consumer inclination toward the cloud is influencing the adoption of cloud-based solutions. Cloud-based services and solutions enable industries to access data from remote locations. Enable scalability, migration, mobility, and data recovery to increase the effectiveness.

“North America captured a significant share of the market in 2020”

North America captured a prominent share of the market in 2020 owing to the rapid adoption of cloud computing and NaaS among enterprises. Further, the presence of significant players such as Verizon Communications Inc., AT&T Inc., and Lumen Technologies Inc. among others, have propelled the growth of the market. Companies are investing tremendously in the research and development of data centers, and network infrastructure is also contributing to the growth of the NaaS market.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global NaaS market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Network as a Service (NaaS) Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global NaaS market were the three major steps undertaken to create and analyze the adoption of NaaS in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global NaaS market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the NaaS market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the NaaS market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, organization size, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the NaaS market. Further, we conducted factor analysis using dependent and independent variables such as type, application, organization size, and end-user of NaaS. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the NaaS market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global NaaS market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the NaaS market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global NaaS market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global NaaS market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, application, organization size, and end-user in the global NaaS market.

The main objective of the Global NaaS Market Study

The current & future market trends of the global NaaS market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the NaaS market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, application, organization size, and end-user
• Define and analysis of the regulatory framework for the NaaS industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the NaaS market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the NaaS market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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