Leading Element Driving Change in the Network as a Service Market in 2025: Cloud-Based Application Surge Propels Network As A Service Market Growth Driver

What combination of drivers is leading to accelerated growth in the network as a service market?
The increasing use of cloud-based applications in various businesses are poised to boost the development of the network as a service market in the future. Cloud based applications encapsulate the use of cloud computing for the storage of data. The prevalent work from home situation has necessitated increased internet usage, which in turn, boosted the requirement for exceptional network speeds. By using cloud computing, network as a service can aid in facilitating individual network operation by implementing cloud-based apps and securing direct access to network infrastructure. For example, a 2023 forecast predicts that the largest public cloud market will be the United States, with anticipated expenditure as high as $697 billion by 2027. Western Europe is projected as the successive largest market with investments expected to total $273 billion. China, projected to be the third largest market, anticipates spending at $117 billion by 2027. Hence, with the rising trend of cloud-based applications in various enterprise domains, the network as a service market is experiencing tremendous growth.

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What Is the projected market size and growth rate for the network as a service market?
The market size of network as a service has seen an incredible expansion in the past few years. The projection is that it will escalate from $25.71 billion in 2024 to an astonishing $33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 28.4%. Factors contributing to this significant growth during the historic period include the heightened need for scalable solutions, cost-effectiveness, and the surge in remote work.

The market size for network as a service is predicted to witness robust growth in the upcoming years, escalating to $106.74 billion by 2029, with a compound annual growth rate (CAGR) of 34.1%. This growth within the forecast period is credited to the expansion of edge computing, the need for security and compliance, industry-oriented networking solutions, and adaptable subscription models. Key trends within this forecast period encompass the integration of 5G, initiatives for digital transformation, the adoption of software-defined networking (SDN), network security as a service (SECaaS), and network analytics and intelligence.

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How are the latest trends influencing the growth of the network as a service market?
Major players in the network-as-a-service market are focusing on crafting innovative offerings like digital orchestration to broaden their customer reach, amplify sales, and elevate revenues. The concept of digital orchestration is related to the synchronization, unification, and control of diverse digital elements, proceedings and technologies in order to fulfill a particular target or objective. For instance, in October 2023, BT Group PLC, a telecommunications operator headquartered in the UK, introduced Global Fabric, operating on the network-as-a-service model. Highlighting aspects of adaptability, scalability, and robust connectivity, Global Fabric is designed to be flexible and user-friendly with its pay-as-you-go scheme, facilitating customers to utilize digital automation and AI. The unique aspect is the enablement it provides to customers to select and preside over their chosen connectivity for applications and workloads. This facilitates management over pathways as they navigate through the network. BT Group PLC reiterates that this provision improves application performance, promotes efficient cost governance, and ensures accordance with regulatory data transit norms.

What are the major segments of the network as a service market and their role in driving growth?
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

Subsegments:
1) By LAN as a Service (LaaS): Virtual LAN Services, Network Configuration and Management
2) By WAN as a Service (WaaS): Software-Defined WAN (SD-WAN), Wide Area Network Optimization
3) By Bandwidth on Demand (BoD): Dynamic Bandwidth Allocation, Pay-As-You-Go Bandwidth Services
4) By VPN as a Service: Secure Remote Access VPN, Site-to-Site VPN, VPN for Mobile Users
5) By Managed Services: Network Monitoring and Management, Security as a Service, Network Optimization and Support Services

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Which regions are key players in the growth of the network as a service market?
North America was the largest region in the network as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the network as a service market?
Major companies operating in the network as a service market include 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.

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What Is Covered In The Network as a Service Global Market Report?

•Market Size Forecast: Examine the network as a service market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the network as a service market for a structured understanding.
•Key Players Overview: Analyze major players in the network as a service market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the network as a service market.
•Segment Contributions: Evaluate how different segments drive overall growth in the network as a service market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the network as a service market.
•Industry Challenges: Identify potential risks and obstacles affecting the network as a service market.
•Competitive Landscape: Review strategic developments in the network as a service market, including expansions, agreements, and new product launches.

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