Europe Network as a Service Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The Europe Network as a Service (NaaS) market is witnessing rapid growth as industries across the region increasingly demand flexible, scalable, and efficient networking solutions. NaaS is reshaping the way enterprises manage their IT infrastructure, offering them an agile and cost-effective alternative to traditional network setups. The shift towards cloud computing, digital transformation, and the growing need for secure connectivity are driving the demand for NaaS solutions across multiple industries.
As businesses increasingly rely on cloud services and remote working models, the need for seamless, high-performance networking infrastructure is more pressing than ever. NaaS offers a solution to this demand by allowing organizations to outsource their networking requirements to third-party service providers. This alleviates the burden of managing on-premise hardware and allows businesses to focus on their core competencies.
Industries such as telecommunications, manufacturing, healthcare, and financial services are some of the largest adopters of NaaS in Europe. The telecommunications sector, in particular, is heavily investing in NaaS to meet the increasing demand for data and connectivity. The rise of 5G networks further amplifies the requirement for reliable, high-bandwidth connectivity, making NaaS an ideal solution for network expansion and management.
Healthcare and financial sectors are also embracing NaaS solutions to enhance security, improve data privacy, and meet regulatory compliance standards. As patient data and financial transactions grow in volume, companies in these sectors must ensure their networks are secure, resilient, and compliant with regulations such as GDPR.
Key drivers for the NaaS market include the demand for enhanced scalability, the ability to rapidly deploy new network services, and cost reduction in network management. Additionally, the rise of IoT and smart devices is pushing businesses to adopt advanced networking solutions that can accommodate large volumes of data.
As businesses continue to embrace digital transformation, NaaS solutions provide them with the flexibility to scale their networks up or down based on real-time requirements. The market is evolving rapidly, and new technological advancements, such as 100 Gigabit Fiber Optic Transceiver technology, are expected to further boost the demand for NaaS in the coming years. Companies across various sectors are recognizing the benefits of network-as-a-service models, making it clear that this market is poised for substantial growth.
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Cisco Systems
Juniper Networks
IBM
NEC
Vmware
Aryaka Networks
Alcatel Lucent
Brocade Communications Systems
AT&T
Ciena
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Network as a Service Market
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
Public Cloud
Private Cloud
Hybrid Cloud
Data Storage and Backup
Network Security
Application Delivery and CDN
Virtual Private Networks (VPNs)
IT and Telecommunications
Healthcare
Banking, Financial Services, and Insurance (BFSI)
Retail
Manufacturing
Small and Medium Enterprises (SMEs)
Large Enterprises
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Network as a Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Network as a Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Network as a Service Market, By Type
6. Europe Network as a Service Market, By Application
7. Europe Network as a Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Network as a Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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