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Network as a Service (NaaS) Market Size

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

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Network as a Service Market Size

Network as a Service Market size in 2018 exceeded USD 5 billion is estimated to grow at a CAGR of over 35% from 2019 to 2025.

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The Network as a Service market growth is attributed to the rapid usage of cloud technology as enterprises are increasingly migrating their workloads to the cloud. The rise in the data generated through various digital platforms and the growing trend of workforce mobility have laid immense pressure on enterprise networks. Thus, they are migrating toward the cloud, which will enable them to host a wide range of business applications. Cloud-enabled NaaS platforms help them to deploy applications augmented by several network functions, including virtual routers, service differentiation, and virtual firewalls. Unlike other solutions, which are based on third-party add-on virtual appliances, these platforms are implemented in the cloud infrastructure, reducing network complexity and management costs. Another factor contributing to market growth is an extensive adoption of network virtualization technologies such as Software-defined Networking (SDN) and Network Functions Virtualization (NFV). These technologies provide a platform for Network as a Service and enable enterprises to sell network services to customers virtually, on a subscription basis.

Network as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2018
Network as a Service Market Size in 2018:	5 Billion (USD)
Forecast Period:	2019 to 2025
Forecast Period 2019 to 2025 CAGR:	35%
2025 Value Projection:	50 Billion (USD)
Historical Data for:	2014 to 2018
No. of Pages:	240
Tables, Charts & Figures:	316
Segments covered:	Type, Enterprise Size, Application and Region
Growth Drivers:	Migration towards cloud computing platforms Growing trend of pay-per-use pricing model Huge cost savings for enterprises Uptake of cloud-enabled network virtualization platforms Growing adoption of SDN by Small and Medium Enterprises (SME
Pitfalls & Challenges:	Concerns regarding data privacy and security Lack of established standards for network interoperability

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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.