Authored By: Sarah
20 Nov 2023

Network as a Service Market to expand by USD 19.99 Bn through 2023-2027  

According to the network as a service market analysis, it is predicted that the Network as a Service Market will expand by USD 19.99 billion between 2022 and 2027 at a compound yearly growth rate of 19.9% across North America,Europe,APAC,South America,Middle East and Africa - US,China,UK,Germany,France.

" Exploring through the market deivers of the market it has been observed that the increasing use of cloud services by enterprises is driving growth in the global market for network as a service."

Rise in the usage of technology and a preference for cloud-based solutions, which provide convenient distant data access.As businesses prioritise security, dependability, and business agility, it is anticipated that over 60% of corporate data will be stored in the cloud by 2022. During the projected period, the NaaS market is expected to grow at a faster rate due to the increased adoption of cloud-based services by key sectors like banking.

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Network as a Service Market Analysis

Big and small businesses alike are realising how much money can be saved by moving their data to the cloud rather than keeping on-site infrastructure.

Akamai Technologies Inc., AppsFlyer Ltd., Cisco Systems Inc., DATADOME group, Forter Ltd., Human Security Inc., Imperva Inc., InfiSecure Technologies Inc., Intechnica Ltd., Kasada Pty Ltd., Microsoft Corp., Nokia Corp., Oracle Corp., VMware Inc. are some of the major market participants that comes with wide range of offerings as per requirement of End User.

In-depth research of the imarket's revenue projections, along with a look at the major players, market drivers, and development prospects, are all included in Technavio's latest report. Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 19.9%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 19.99 bn through 2023-2027.

  3. What is a key factor driving this market?
    Increasing use of cloud services by enterprises will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and Middle East and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    36% growth will originate from North America

  6. What are the market segments covered in this report?
    The market is segmented by End-user (IT and telecom, BFSI, Manufacturing, Healthcare, and Retail and others), Type (WAN as a service and LAN as a service), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
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