Network as a Service Market Is Estimated to Reach USD 115.7 Billion at 26.7% CAGR by 2032 | Market.us
Market Size And Growth: Network as a service market was valued at USD 11.5 Billion in 2022 and is expected to grow to USD 115.7 Billion in 2032. Between 2022 and 2032, this market is estimated to register a CAGR of 26.7% Network as a Service (NaaS) is a cloud-based networking model that enables organizations to outsource their networking infrastructure to a third-party provider. It offers a wide range of networking services, including bandwidth provisioning, virtual private networks (VPNs), software-defined networking (SDN), and network security, among others. NaaS allows businesses to scale their networking capabilities quickly and cost-effectively, without the need for extensive hardware investments. The Growing Impact of Network As a Service Market As businesses increasingly adopt cloud-based solutions and digital transformation strategies, the demand for flexible and agile networking solutions has skyrocketed. NaaS has gained significant traction across various industries due to