Network As A Service Market Report 2023-2032: Growth drivers, Size, Trends, Share And Industry Forecast | Verizon Communications Inc., Cisco Systems Inc., IBM, Oracle Corporation, Juniper Networks Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Network As A Service Global Market Report 2023 identifies growing number of cloud-based applications across enterprises as the major driver for the Network As A Service market's growth in the forecast period. Cloud-based applications refer to the cloud computing used for data storage. People staying at home have increased the usage of the internet which has surged the demand for high-speed network connection, network as a service utilizes cloud computing that is helpful for the customers to operate their own networks by deploying cloud-based applications and have access to network infrastructure directly and securely.

The global network as a service market size grew from $16.11 billion in 2022 to $21.37 billion in 2023 at a compound annual growth rate (CAGR) of 32.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The network as a service market size is expected to grow to $66.15 billion in 2027 at a CAGR of 32.6%.

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Major competitors in the Network As A Service market are Verizon Communications Inc., Cisco Systems Inc., IBM, Oracle Corporation, Juniper Networks Inc.

A key trend in the Network As A Service market includes Product innovations. Major companies operating in the network as a service market are focused on adopting technologies to strengthen their position. For instance, in 2020, Cloudflare Inc., a US-based cloud services provider company that includes network as a service, launched Cloudflare One, which provides cloud-based network as a service solutions for the workers in enterprises.

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The Network As A Service market is segmented -

1. By Type: LAN as a Service, WAN as a Service, Bandwidth on Demand (BoD), VPN as a Service, Managed Services.
2. By Enterprise Size: Large Enterprises, SMEs
3. By End-User: Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Healthcare, IT and Telecommunication, Manufacturing, Retail and E-commerce, Other End Users
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Network As A Service market.

The Business Research Company's "Global Network As A Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Network As A Service Market Include:

1. Executive Summary
2. Network as a Service Market Characteristics
3. Network as a Service Market Trends And Strategies
4. Network as a Service Market - Macro Economic Scenario
5. Network as a Service Market Size And Growth
……
26. Africa Network as a Service Market
27. Network as a Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network as a Service Market
29. Network as a Service Market Future Outlook and Potential Analysis
30. Appendix

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