Network as a Service Market to Propel Gradually by Achieving a Valuation of USD 162.41 billion by 2032 with a CAGR of 25.8% during the Forecast Period 2025-2032

As per a report by Fortune Business Insights™ titled, “Network as a Service Market Size, Share & Industry Analysis, By Type (WAN as a Service and LAN as a Service), By Enterprise Type (Small and Medium-sized Enterprise and Large Enterprise), By Application (Wide Area Network, Virtual Private Network, Cloud-based Services, Bandwidth on Demand, and Others), By End User (Corporate Customers and Individual Customers), By Industry (Corporate Customers (BFSI, IT & Telecommunication, Manufacturing, Healthcare, Retail, Others)), and Regional Forecast, 2025-2032” the global network as a service market size was valued at USD 24.40 billion in 2024. The market is projected to grow from USD 32.53 billion in 2025 to USD 162.41 billion by 2032, exhibiting a CAGR of 25.8% during the forecast period.

Increasing Adoption of Network as a Service to Support Growth During COVID-19 Pandemic

COVID-19 positively impacted the network as a service market growth as many industries adopted work from home option during the pandemic to mitigate the adverse effects of the virus. The increasing adoption of remote workplace strategy during the pandemic has boosted the network as a service market share.

Growing Need for Wireless Communication to Surge the Demand for Network as a Service

Nowadays, businesses mostly rely on wireless communication for various operations in the commercial sector. Utilities, manufacturing, and logistics require reliable and secure wireless networks to facilitate real-time monitoring, asset tracking, remote operations, and control systems.

Megaport in a Collaboration Launched NaaS Platform to Boost Development

Megaport collaborated with Element Critical, a colocation provider, to launch its NaaS platform. Through this partnership, customers can now leverage the company’s software through a single network port, providing greater control and cost management capabilities.

Competitive Landscape:

Key Players Focus on Data Centre Offerings to Drive the Market Growth

Key players focus on making their position strong in the market with the help of partnerships, mergers, and acquisitions. Strategic planning is one of the most used among businesses to back their position in the market. One of the leading key players, such as Fortinet, Inc., focuses on providing networks and designing.

Notable Industry Development:

• July 2022: Amazon Web Services, Inc. declared the general availability of AWS Cloud WAN. This platform was incorporated with leading SD-WAN vendors: Aruba, Prosimo, Cisco, Checkpoint, Aviatrix, and VMware.

List of the Companies Profiled in the Report:

• Amdocs Inc. (U.S.)
• Amazon Web Services, Inc. (U.S.)
• Megaport Limited (Australia)
• Hewlett Packard Enterprise (Aruba Networks) (U.S.)
• NEC Corporation (Japan)
• ARTERIA Networks Corporation (Japan)
• NTT Group (Japan)
• Cisco Systems Inc. (U.S.)
• Cloudflare, Inc. (U.S.)
• Verizon Communications Inc. (U.S.)

Further Report Findings:

• North America to hold the largest market share during the projected period. The growth of the market in this region is credited to its technological maturity in network infrastructure and data centers and extensive research & development in network expansion technology. The market was valued at USD 10.71 billion in the year 2024.
• Europe market is anticipated to witness substantial growth due to the growing awareness for the service, adoption practices, and network service concerns.
• South America is anticipated to rise moderately during the projected period due to rising investment by prominent players in the market.

Table of Segmentation: