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Network as a Service (NaaS) Market Share

Report ID: GMI1218
Published Date: Apr 2019
Report Format: PDF

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Network as a Service Market Share

The major networking and telecom companies in the Network as a Service market are offering new services which complement compute as well as bandwidth on demand. The network service providers are focusing on the innovative networking solutions to meet the scalability and flexibility needs of the enterprises. For instance, in November 2016, Orange Business Services, a telecom, IT and network solution provider, launched Easy Go Network to accelerate NaaS for businesses. The Easy Go Network allows enterprises to provide NFVs for branch offices with full digital self-service ordering, customer care, and reporting functions via a user-friendly portal.

The market is also witnessing mergers and acquisitions to support the growing demand for cloud-enabled services and virtualization platforms. In February 2018, NEC Corporation, a Japanese multinational provider of information technology services & products, extended its Network as a Service Business and Operational Support solution to TELUS, a Canadian telecommunication company. This deployment of NaaS solution helped the company to enable businesses in virtually building, managing, and optimizing their networks quickly, easily, and cost-effectively through a flexible self-serve platform.

The major companies operating in the Network as a Service market are:

Aerohive
Akamai
ALE
Amazon Web Services
Aryaka
AT&T
Brocade
Ciena
Cisco
Citrix
Cloudgenix
Cradlepoint
IBM
Level3 Communications
NEC
Juniper
Rackspace
Verizon
VMWare
Talari
Silver Peak
Extreme Networks.

Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of network as a service exceeded USD 5 billion in 2018.

The industry share of network as a service is estimated to grow at a CAGR of over 35% from 2019 to 2025.

Cloud-enabled NaaS platforms help businesses deploy diverse applications using several network functions, including virtual firewalls, virtual routers, and service differentiation.

North America is slated to dominate global industry share in the forthcoming years on account of rising penetration of cloud computing and the availability of an advanced IT infrastructure.

The BoD segment is expected to witness the fastest growth rate of over 30% till 2025 due to rapidly growing trend of adopting business-oriented applications in various end-use sectors including healthcare, manufacturing, retail, and government.

The major companies operating in the market are Aerohive, Akamai, ALE, Amazon Web Services, Aryaka, AT&T, Brocade, Ciena, Cisco, Citrix, Cloudgenix, Cradlepoint, IBM, Level3 Communications, NEC, Juniper, Rackspace, Verizon, VMWare, Talari, Silver Peak, and Extreme Networks.