Network as a Service Market: Global Industry Growth Factors And Forecast To 2033

The new report published by The Business Research Company, titled ""Network as a Service Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the network as a service market size has grown exponentially in recent years. It will grow from $20.22 billion in 2023 to $26.2 billion in 2024 at a compound annual growth rate (CAGR) of 29.6%. The network as a service market size is expected to see exponential growth in the next few years. It will grow to $78.61 billion in 2028 at a compound annual growth rate (CAGR) of 31.6%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7247&type=smp

Cloud-Based Application Surge Propels Network As A Service Market Growth
The growing number of cloud-based applications across enterprises is expected to propel the growth of the network as a service market going forward. 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. For instance, in 2021, according to Cisco, a US-based technology company, overall data center workloads and compute instances will be more than double those of 2021. The workload and compute instance density for cloud data centers will reach 13.2 by 2021. Therefore, the growing number of cloud-based applications across enterprises is driving the network as a service market growth.

Innovative Solutions Driving Growth In The Network-As-A-Service Market
Major companies operating in the network as a service market are developing innovative products, such as digital orchestrations, to meet larger customer bases, increase sales, and increase revenue. Digital orchestration refers to the coordination, integration, and management of various digital resources, processes, and technologies to achieve a specific outcome or goal. For instance, in October 2023, BT Group Plc, a UK-based telecommunications operator, launched Global Fabric. Global Fabric operates on a network-as-a-service model, emphasizing flexibility, scalability, and resilience in connectivity. Designed to be adaptable and convenient with a pay-as-you-use structure, it enables customers to leverage digital automation and AI. The distinctive feature lies in empowering customers to select and manage their preferred connectivity for applications and workloads, allowing control over routes as they traverse the network. BT asserts that this control facilitates enhanced application performance, efficient cost management, and compliance with regulatory data transit requirements.

The network as a service market covered in this report 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

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7247&type=discount

Major companies operating in the network as a service market report are China Telecom Corporation Limited, Verizon Communications Inc., China Mobile Limited, AT&T Inc., Deutsche Telekom AG, NTT Communications Corporation, IBM Corp, Cisco Systems Inc., Vodafone Group plc, KDDI Corporation, Orange SA, Telefonica S.A., Oracle Corp, BT Group plc, Lumen Technologies Inc., Telstra Corporation Limited, TELUS Corporation, Singtel, Wipro Limited, Comcast Business, Telia Company AB, Juniper Networks Inc., Colt Technology Services Group Limited, Tata Communications Ltd., Cloudflare Inc., Axians, PCCW Global, GTT Communications Inc., Aryaka Networks Inc., Servsys Corp

Contents of the report:
1. Executive Summary
2. Network as a Service Market Report Structure
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
…..
27. Network as a Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/network-as-a-service-global-market-report

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.