Network as a Service (NaaS) Market to exceed $50bn by 2025

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Network as a Service (NaaS) Market to exceed
50bn by 2025
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Key Insights from Network as a Service (NaaS)
Market

• The network as a service market is expected to
  witness a significant growth rate from 2019 to
  2025 due to the rising demand for network
  virtualization technologies among enterprises to
  minimize CAPEX OPEX costs. These technologies
  are gaining immense popularity among network
  operators due to cost-effectiveness. The rise in
  the number of mobile applications and network
  endpoints has put tremendous pressure on the
  traditional network infrastructure.
• WAN as a service segment is expected to hold a
  major share of the network as a service market
  share of around 30 by 2025 as the enterprises
  are largely dependent on the WAN infrastructure
  for connecting their remote employees devices.
• The SME market is projected to exhibit an
  excellent CAGR of over 35 during the forecast
  timeline. SMEs use the NaaS model as it provides
  them with the flexibility to scale up or down the
  network resources as per their requirements and
  also promise greater efficiency through an
  on-demand provisioning model.

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Continued

• The BFSI vertical is estimated to hold the
  network as a service market share of around 15
  by 2025. Driven by the need to manage remote
  branch sites and deliver better services to
  customers, the banking other financial
  institutions are modernizing their IT
  infrastructure by investing a huge sum in cloud
  and networking technologies. These technologies
  are enabling them to increase the network
  performance and improve resource availability.
• To manage multi-channel digital platforms and
  services and handle vast amount of financial
  data, they are using NaaS and cloud-NFV to
  deliver uninterrupted services.

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North America Network as a Service Market, By
Type, 2018 2025 (USD Million)

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Industry Coverage

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Regional Insights inNetwork as a Service (NaaS)
Market

The Asia Pacific NaaS market is projected to
witness the fastest growth rate of over 40 from
2019 to 2025. The market growth is attributed to
the increasing deployment of cloud network
virtualization solutions to meet the rising
network traffic demands. In this region, the
telecom sector has witnessed an extensive usage
of NaaS model due to the growing trend of
workforce mobility. The countries including
Japan, China, and South Korea will lead other
countries in terms of market share due to the
widespread deployment of NaaS platforms driven by
technologies such as SDN and NFV.
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