The Asia Pacific Network as a Service Market is expected to witness market growth of 26.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Network as a Service Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.57 billion by 2031. The Japan market is registering a CAGR of 25.4% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 27.1% during 2024-2031.
NaaS is vital in supporting Internet of Things (IoT) ecosystems. With billions of connected devices generating and transmitting data, manufacturing, healthcare, and logistics industries rely on NaaS to provide the bandwidth, latency management, and security needed to keep IoT networks operational.
The adoption of NaaS is gaining momentum across various sectors as organizations recognize its strategic advantages. Enterprises of all sizes are turning to NaaS to streamline their network operations, particularly those with geographically dispersed offices or customer bases. By outsourcing network management, these organizations can reduce the complexity of maintaining multiple local networks, relying instead on a centralized, cloud-delivered service that ensures consistency and reliability
The market is experiencing rapid growth worldwide, driven by increasing cloud adoption, digital transformation, and advancements in AI and IoT. China’s software and information technology services industry generated 12.33 trillion yuan (USD 1.73 trillion) in business revenues in 2023, marking a 13.4% year-over-year growth. This rapid expansion highlights the rising demand for cloud computing, AI, big data, and cybersecurity solutions. India’s logistics sector is set to play a crucial role in the country’s ambitious goal of becoming a USD 35 trillion economy by 2047. The rapid expansion of e-commerce, supply chain automation, and smart logistics hubs drives the need for advanced network infrastructure. Australia’s national vehicle fleet saw a 1.7% increase, reaching 20.1 million registered motor vehicles as of 2021. This steady growth in the automotive sector, rising connected vehicle technologies, and EV adoption drive the need for robust networking solutions. Thus, the rapid expansion of China’s IT services industry, India’s logistics sector, and Australia’s automotive industry significantly drives demand for NaaS solutions.
The China market dominated the Asia Pacific Network as a Service Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.57 billion by 2031. The Japan market is registering a CAGR of 25.4% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 27.1% during 2024-2031.
NaaS is vital in supporting Internet of Things (IoT) ecosystems. With billions of connected devices generating and transmitting data, manufacturing, healthcare, and logistics industries rely on NaaS to provide the bandwidth, latency management, and security needed to keep IoT networks operational.
The adoption of NaaS is gaining momentum across various sectors as organizations recognize its strategic advantages. Enterprises of all sizes are turning to NaaS to streamline their network operations, particularly those with geographically dispersed offices or customer bases. By outsourcing network management, these organizations can reduce the complexity of maintaining multiple local networks, relying instead on a centralized, cloud-delivered service that ensures consistency and reliability
The market is experiencing rapid growth worldwide, driven by increasing cloud adoption, digital transformation, and advancements in AI and IoT. China’s software and information technology services industry generated 12.33 trillion yuan (USD 1.73 trillion) in business revenues in 2023, marking a 13.4% year-over-year growth. This rapid expansion highlights the rising demand for cloud computing, AI, big data, and cybersecurity solutions. India’s logistics sector is set to play a crucial role in the country’s ambitious goal of becoming a USD 35 trillion economy by 2047. The rapid expansion of e-commerce, supply chain automation, and smart logistics hubs drives the need for advanced network infrastructure. Australia’s national vehicle fleet saw a 1.7% increase, reaching 20.1 million registered motor vehicles as of 2021. This steady growth in the automotive sector, rising connected vehicle technologies, and EV adoption drive the need for robust networking solutions. Thus, the rapid expansion of China’s IT services industry, India’s logistics sector, and Australia’s automotive industry significantly drives demand for NaaS solutions.
List of Key Companies Profiled
- Amdocs Limited
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Hewlett Packard Enterprise Company
- NEC Corporation
- Cisco Systems, Inc.
- Cloudflare, Inc.
- Verizon Communications, Inc.
- Juniper Networks, Inc.
- AT&T, Inc.
- IBM Corporation
Market Report Segmentation
By Type
- WAN as a Service
- LAN as a Service
By End User
- Corporate Customers
- Individual Customers
By Application
- Wide Area Network
- Cloud-based Services
- Virtual Private Network
- Bandwidth on Demand
- Other Application
By Enterprise Type
- Large Enterprise
- Small & Medium Enterprise
By Industry
- IT & Telecom
- BFSI
- Manufacturing
- Retail
- Healthcare
- Other Industry
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Network as a Service Market by Type
Chapter 6. Asia Pacific Network as a Service Market by End User
Chapter 7. Asia Pacific Network as a Service Market by Application
Chapter 8. Asia Pacific Network as a Service Market by Enterprise Type
Chapter 9. Asia Pacific Network as a Service Market by Industry
Chapter 10. Asia Pacific Network as a Service Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Amdocs Limited
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Hewlett Packard Enterprise Company
- NEC Corporation
- Cisco Systems, Inc.
- Cloudflare, Inc.
- Verizon Communications, Inc.
- Juniper Networks, Inc.
- AT&T, Inc.
- IBM Corporation
Methodology
LOADING...