Global Network as a Service Market Expected to Reach USD 185.0 Billion by 2033 - IMARC Group

December 12, 2024 | Technology & Media

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Global Network as a Service Market Statistics, Outlook and Regional Analysis 2025-2033

The global network as a service market size was valued at USD 24.0 Billion in 2024, and it is expected to reach USD 185.0 Billion by 2033, exhibiting a growth rate (CAGR) of 25.5% from 2025 to 2033.

Network as a Service Market

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The network as a service market is driven by the increasing demand for flexible, secure, and scalable networking solutions. In addition, enterprises are adopting network as a service (NaaS) to simplify their operations, reduce costs, and enhance scalability as multi-cloud environments become more complex. Moreover, the rising shift toward subscription-based, cloud-powered models is reducing the need for upfront infrastructure investments and enabling companies to deploy and manage networks more efficiently. For instance, BT launched Global Fabric in October 2024, an AI-ready NaaS platform that offers instant, secure connections across 45+ cloud data centers. This service empowers organizations to seamlessly connect employees, devices, and AI tools. At the same time, Frontier Communications introduced its NaaS solution for business customers through a partnership with Nile’s AI-driven platform in January 2024. This cloud-based offering provides automated, secure wired and wireless networking with flexible, subscription-based services. Furthermore, these developments reflect a broader trend of integrating AI and automation into network solutions, enabling businesses to reduce operational burdens and improve efficiency.

In line with these advancements, in February 2024, Colt Technology Services expanded its NaaS Internet on Demand to 10 new countries, including the US, Canada, and Australia. This service delivers bandwidth of up to 10Gbps, thereby addressing the growing need for high-speed connectivity in global markets. Colt also launched an energy-efficient virtual router in the UK and France, highlighting the push for sustainable and cost-effective networking solutions. Consequently, these innovations demonstrate how enterprises are increasingly adopting NaaS to meet the challenges of modern digital operations, supporting scalability, automation, and environmental responsibility. The continuous evolution of network as a service is poised to reshape how businesses manage networks, driven by the need for efficiency, agility, and secure connectivity.

Global Network as a Service Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America dominates the network as a service market due to its robust financial infrastructure, advanced technology adoption, and a high concentration of financial exchanges and data centers.

North America Network as a Service Market Trends:

North America is dominating the market, driven by the region’s need for secure, reliable, and low-latency connectivity. A key development in this space is EXA Infrastructure's launch of the EXA financial network in November 2024. This innovative NaaS platform connects 25 financial exchanges across North America, which is offering ultra-low latency, real-time data, and fast execution. It supports equities, derivatives, commodities, and FX trading, with optimized routing and high reliability, thereby enhancing the trading experience and reinforcing North America leadership in the market.

Europe Network as a Service Market Trends:

In Europe, the market is seeing growth due to the increasing adoption of cloud services and digital transformation initiatives. Also, businesses are looking for scalable network solutions to support remote work and IoT. For example, Germany’s Deutsche Telekom offers flexible network solutions for enterprises, enabling cost-effective and efficient connectivity. Meanwhile, regulations like GDPR also drive demand for secure and compliant network services in the region.

Asia-Pacific Network as a Service Market Trends:

In Asia-Pacific, the market is experiencing rapid growth fueled by digitalization across industries like manufacturing, healthcare, and retail. China, with its tech-driven initiatives, leads the adoption of NaaS for connecting data centers and remote locations. Besides this, network as a service allows businesses in Japan to enhance network agility and support IoT deployment. Also, the increasing demand for 5G drives NaaS development in the region.

Latin America Network as a Service Market Trends:

In Latin America, network as a service is gaining traction, especially in Brazil, where companies are embracing cloud networking to reduce infrastructure costs and improve scalability. In line with this, the COVID-19 pandemic accelerated the shift toward flexible and on-demand network services across the region. NaaS helps businesses in Argentina and Mexico adapt to hybrid work environments and modernize legacy network infrastructures, which is enhancing efficiency and ensuring secure remote connections for employees.

Middle East and Africa Network as a Service Market Trends:

The Middle East and Africa market is growing due to the increasing adoption of smart city projects and advancements in cloud computing. For instance, the UAE’s government initiatives, like Dubai’s Smart City program, rely on NaaS for scalable and efficient network infrastructure. In line with this, enterprises in South Africa use network as a service to improve connectivity while reducing costs, thereby facilitating digital transformation across industries like healthcare and education.

Top Companies Leading in the Network as a Service Industry

Some of the leading network as a service market companies include Akamai Technologies Inc., AT&T Inc., Broadcom Inc., Ciena Corporation, Cisco Systems Inc., GTT Communications Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, Oracle Corporation, Telstra Corporation Limited, Verizon Communications Inc., and VMware Inc. (Dell Technologies Inc.), among many others. In September 2024, GTT Communications Inc. announced GTT Envision, a unified global platform for network as a service. Based on a Tier 1 backbone, the product brings together EnvisionCORE, EnvisionEDGE, and EnvisionDX for orchestration and security management of the enterprise network.

Global Network as a Service Market Segmentation Coverage

On the basis of the type, the market has been bifurcated into LAN-as-a-service and WAN-as-a-service, wherein WAN-as-a-service represents the most preferred segment. WAN-as-a-service solutions provide businesses with the option of getting set up quickly with secure and high-performance wide area networks at low capital investment cost rather than investing in their infrastructure.
Based on the application, the market is categorized into cloud-based services, bandwidth on demand, integrated network security-as-a-service, wide area network, and virtual private network, amongst which cloud-based services dominate the market. The increase in cloud computing activities is revolutionizing how businesses are accessing and managing IR infrastructure, which is stimulating the growth of the segment.
On the basis of the end use industry, the market has been divided into healthcare, BFSI, retail and e-commerce, IT and telecom, manufacturing, transportation and logistics, and public sector. Among these, IT and telecom exhibit a clear dominance in the market. IT and telecom companies are hiring network solutions to empower them with robust and scalable networks for transferring large amounts of data, global connectivity, as well as telecommunications infrastructure.

Report Features	Details
Market Size in 2024	USD 24.0 Billion
Market Forecast in 2033	USD 185.0 Billion
Market Growth Rate 2025-2033	25.5%
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Application End Use Industry Region
Types Covered	LAN-as-a-Service, WAN-as-a-Service
Applications Covered	Cloud-based Services, Bandwidth on Demand, Integrated Network Security-as-a-Service, Wide Area Network, Virtual Private Network
End Use Industries Covered	Healthcare, BFSI, Retail and E-Commerce, IT and Telecom, Manufacturing, Transportation and Logistics, Public Sector
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Akamai Technologies Inc., AT&T Inc., Broadcom Inc., Ciena Corporation, Cisco Systems Inc., GTT Communications Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, Oracle Corporation, Telstra Corporation Limited, Verizon Communications Inc., VMware Inc. (Dell Technologies Inc.), etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Network as a Service Market Expected to Reach USD 185.0 Billion by 2033 - IMARC Group

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