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The World Market for Network-as-a-Service (NaaS) 2019-2023: Anticipating a CAGR of 38.3% - ResearchAndMarkets.com

May 23, 2019

DUBLIN--(BUSINESS WIRE)--May 23, 2019--

The “The World Market for Network-as-a-Service (NaaS) 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The global Network as a Service (NaaS) market is projected to grow from USD 4.3 billion in 2018 to USD 21.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 38.3% during the forecast period.

The NaaS market revenue is primarily classified into revenues from solutions, tools, and platforms. The revenue is associated with software and platform offerings associated with support and maintenance, training and education in addition to the consulting services. Other segmentations comprises type, component, application, industry vertical, and region.

Companies have been adopting the NaaS model as it provides various benefits, such as significant cost savings, improved security, and increased business agility. NaaS solutions allow enterprises to focus and extend the range of their business offerings without sacrificing quality or content. Moreover, cloud-based deployments, such as WiFi as a service, offer features such as centralized management and remote troubleshooting with the help of cloud access points, thereby reducing the overall Capital Expenditure (CAPEX) and Total Cost of Ownership (TCO).

Among industry verticals, the telecom and IT industry is expected to hold the largest market size of USD 741.8 million in 2018 and would reach USD 3,611.9 million by 2023 at a Compound Annual Growth Rate (CAGR) of 37.2% during the forecast period. The education sector is expected to reach 1,865.4 million by 2023 owing to the increased usage of smart devices and the large number of educational institutions moving to eLearning and smart education. The retail and eCommerce vertical is expected to have a higher growth rate during the forecast period. Among the 2 NaaS types, LANaaS is expected to hold the largest market size of USD 3,177.3 million in 2018, whereas WANaaS segment is expected to grow at the highest CAGR of 47.6% from 2018 to 2023.

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Network as a Service Market: Regulations

Network as a Service Market: Use Cases

Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/2yncp6

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005259/en/

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INDUSTRY KEYWORD: TECHNOLOGY NETWORKS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/23/2019 04:50 AM/DISC: 05/23/2019 04:50 AM

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