Network as a Service Market

AT&T (US), Verizon (US) are Leading Players in the Network as a Service Market

MarketsandMarkets forecasts the global NaaS market size to grow from USD 10.4 billion in 2021 to USD 37.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period. 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 Wi-Fi 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). The NaaS solutions provided by the companies enable enterprises to improve performance and reduce risk with an end-to-end network strategy for optimized efficiency, flexibility, and scalability.

The key and emerging market players in the NaaS market include AT&T (US), Verizon (US), Telefonica (Spain), NTT Communications(Japan), Orange Business Services(France), Vodafone (UK), BT Group(London), Tata Communications(India), Lumen(US), Masergy(US), Servsys(US), TELUS(Canada), PCCW Global(China),  KDDI(Japan), Cloudflare(US), ARYAKA NETWORKS(US), China Telecom(China), China Mobile(China), Singtel(Singapore), GTT Communications(US), Telia(Sweden), Telstra(Australia), Deutsche Telekom(Germany), Colt Technology Services(UK), HGC(China), TenFour(US),PacketFabric(US), OnX Canada(Canada), Megaport(Australia), Wipro(India), Epsilon(Singapore), Axians(France), IPC Tech(US), and Microland(India).These players have adopted various strategies to grow in the global NaaS market market.

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AT&T is one of the prominent companies in the communication and entertainment service industry. The company offers products and their related services for voice, video, and broadband connections in domestic and global markets. It has a strong footprint in North America, especially in the US. The company’s network services include AT&T Business Wi-Fi, Internet Service, AT&T Managed Threat Detection and Response, Premises-based Firewall, Managed LAN, AT&T Network-based Firewall Service, Managed SD-WAN, Managed VPN, AT&T Business Wi-Fi, and Intrusion Detection and Prevention Service. AT&T also offers voice and collaboration services that help its customers to communicate effectively, reduce costs, and improve productivity.

Verizon is one of the world’s leading providers of communication, information, and entertainment products and services for consumers, businesses, and government agencies. The Verizon NaaS platform helps enterprise customer support to deliver dynamic applications and services, while it also helps to enable advanced technologies such as 5G, Multi-access Edge Computer (MEC), Artificial Intelligence/ Machine Learning (AI/ML), and Augmented Reality and Virtual Reality (AR/VR). Verizon’s managed network service portfolio includes managed WAN, managed SD-WAN, WAN optimization services, managed LAN, managed wireless LAN, managed SD Wireless LAN, software-defined secure branch, and secure gateway services. These services help enterprises to secure their networks, reduce the time they spend on training IT staff, improve business performance, and stay ahead of the competition. Its NaaS offering improves the speed, capacity, and flexibility of 450 HUB International offices throughout the US and Canada.

Related Reports:

Network as a Service Market by Type (LAN and WLAN, WAN, Communication and Collaboration, and Network Security), Organization Size (Large Enterprises and SMEs), Application, End User ( BFSI, Manufacturing, Healthcare), and Region - Global Forecast to 2026

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Report Code
TC 5036
RI Published ON
4/26/2021
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