Network as a Service (NaaS) Market 2022 Introduction, Definition, Specifications, Classification and Industry Scope by 2025

By Ronak Bora

Network as a Service (NaaS) Market size is set to exceed USD 50 billion by 2025; according to a new research report by Global Market Insights, Inc. The need for cost-effective networking solutions and widespread adoption of cloud-based networking technologies is fueling the global network-as-a-service (NaaS) market expansion. Future NaaS trends are likely to be influenced by the massive upsurge in broadband penetration and ongoing investments in commercialization and deployment of the next-generation 5G network.
Today, network virtualization helping most enterprises reduce their capital and operating expenditure for maintenance and management of the physical infrastructure. Stringent government and regulatory regulations regarding data security and data privacy will certainly augment the technology adoption.
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Considering the type of service, the adoption of bandwidth on demand (BoD) is projected to grow at a 39% CAGR through 2025. BoD provides users with better control over the network by enabling them to customize the connectivity parameters. It accommodates the demand for short-duration bandwidths in applications such as live streaming of sports events, conferences, seminars, and medical procedures.
BoD is rapidly gaining traction among vendors and carriers owing to its ability to handle uncertain network traffic demands. Leading telecom players including Airtel, Vodafone, and British Telecom are developing BoD solutions to help meet evolving bandwidth requirements of customers.
Large enterprises are likely to capture nearly 55% revenue share of NaaS industry by 2025. NaaS enables these companies to use their networks more flexibly, agilely, and dynamically. Most large-size enterprises are switching to a virtual network infrastructure to optimize their expenditure related to management and maintenance of physical infrastructure.
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NaaS brings numerous advantages including maximized performance, enhanced security, optimized systems, increased levels of uptime, and improved quality of service (QoS). On-demand allocation of computational resources as per the pay-per-use model will further boost NaaS adoption across large enterprises.
IT & telecom application segment is likely to account for nearly one-fourth share of NaaS market in terms of revenue by 2025. A centralized network infrastructure allows telecom companies to centrally control and manage all networking operations. Many telecom enterprises are switching to NFV and SDN to build a centralized network infrastructure.
More and more enterprises are focusing on outsourcing network and cybersecurity solutions to focus on their core competencies. Lower operational costs of SDN enables telecom and IT enterprises to switch to NaaS over their traditional network infrastructure more seamlessly and gain a competitive advantage.
Asia Pacific NaaS market size is projected to record a robust 40% CAGR through 2025, driven by an increasing demand for network virtualization which enables businesses to reduce costs and complexities associated with the physical network infrastructure.
The introduction of strict government and regulatory policies pertaining to cybersecurity and data protection in Australia, Japan, and Singapore is helping enterprises rapidly deploy cloud-based network infrastructure. In July 2018, the European Union and Japan had agreed to recognize each other’s data security regulations to ensure optimum protection of personal data.
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Amazon Web Services, Inc., Broadcom Ltd., Nokia Networks, VMware Inc., Verizon Communications Inc., Juniper Networks, Inc., Cisco Systems Inc., and IBM Corporation are among the leading NaaS providers worldwide. These companies as well as many other players are focusing on delivering advanced NaaS solutions to enterprises.
In October 2020, Cloudflare had launched a new cloud-based NaaS solution for the Cloudflare One enterprise workforce. The solution delivers fast, reliable, secure, and cost-effective network services integrated with industry leading identity management and endpoint solutions.
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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