Global Network as a Service Market Projected to Grow at 34.1% CAGR, Reaching $106.74 Billion by 2029

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Network as a Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, there has been a remarkable expansion in the market size of network as a service. The market, which stood at $25.71 billion in 2024, is projected to increase to $33 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 28.4%. The notable growth during the historic period is primarily due to the escalating demand for scalable solutions, cost-efficiency, and the surge in remote work.

Network as a Service Market Size Forecast: What's the Projected Valuation by 2029?
The market size for Network as a Service is projected to experience significant growth in the approaching years, with a valuation expectation of $106.74 billion by the close of 2029. This increase represents a compound annual growth rate (CAGR) of 34.1%. Factors fueling this projected growth span from the expansion of edge computing, rising security and compliance demands, to industry-specific networking solutions and adaptable subscription models. Moreover, the anticipation for the period includes trends such as the integration of 5G, adoption of digital transformation strategies, acceptance of software-defined networking (SDN), network security as a service (SECaaS), and network analytics and intelligence.

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What Are the Drivers Transforming the Network as a Service Market?
Driven by an increasing number of cloud-based applications within various enterprises, the network as a service market is poised to grow exponentially. Cloud-based applications, which rely on cloud computing for data storage, have grown in demand due to a surge in internet usage attributed to more people staying at home and requiring high-speed network connections. The service provided by network as a service utilizes cloud computing effectively, enabling customers to manage their own networks by deploying cloud-based applications. This offers them direct, secure access to the network infrastructure. For example, a forecast for 2023 suggests that the United States will emerge as the largest public cloud market, with predicted spending reaching up to $697 billion by 2027. Western Europe is projected to be the second-largest market, anticipating investments totaling $273 billion, followed by China as the third-largest market with expected spending capped at $117 billion by 2027. Consequently, the increasing popularity of cloud-based applications across different enterprises is a major driving force for the growth of the network as a service market.

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What Long-Term Trends Will Define the Future of the Network as a Service Market?
Leading businesses in the network as a service market are developing new products like digital orchestrations in efforts to attract a broader customer base, boost sales, and elevate their revenues. Digital orchestration pertains to the synchronization, amalgamation, and oversight of a multitude of digital resources, procedures, and technologies to attain a specific objective. As an illustration, BT Group PLC, a British telecommunications operator, unveiled Global Fabric in October 2023. Developed on a network-as-a-service model, Global Fabric highlights adaptability, scalability and resilience in providing connectivity. It's designed with a versatility and ease-of-use focus, using a pay-as-you-use pricing model that allows customers to harness digital automation and AI. Its notable aspect is the power it grants customers to choose and supervise their desired connectivity for applications and workloads, providing the ability to control their network routes. BT maintains that this level of control results in improved application performance, better cost efficiency, and adherence to regulatory data transit stipulations.

Which Segments in the Network as a Service Market Offer the Most Profit Potential?
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, Healare, 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 Firms Dominate the Network as a Service Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in 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.

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