The North America Network as a Service Market is expected to witness market growth of 24.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $33.37 billion by 2031. The Canada market is experiencing a CAGR of 27% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 26.1% during 2024-2031.
The network as a service market represents a transformative shift in how organizations access, manage, and deploy network infrastructure. By leveraging a subscription-based model, NaaS allows businesses to outsource their networking needs to third-party providers, who deliver scalable, flexible, and efficient network solutions over the internet.
NaaS is built on the foundation of virtualization and cloud computing, drawing parallels with other “as-a-service” models like software as a Service (SaaS) and Infrastructure as a Service (IaaS). It allows businesses to tailor network resources to their specific requirements, whether for short-term projects or long-term operational needs.
The market is expanding globally, driven by increasing digital transformation, the adoption of cloud-based networking, and the growing demand for scalable, cost-efficient network solutions. The U.S. telecom industry’s revenue from internet access services increased by 46.3% between 2015 and 2022, reaching $115.8 billion. This surge is driven by higher demand for high-speed internet, 5G expansion, and the shift toward wireless-only households - which rose from 47.7% in 2015 to 72.6% in 2022. The Canadian government has pledged $198.6 billion over ten years to enhance healthcare services, including $46.2 billion in new funding. As hospitals and healthcare providers increasingly adopt telemedicine, AI-powered diagnostics, and electronic health records (EHRs), there is a growing demand for secure, high-speed network solutions. Mexico’s retail industry, valued at $76 billion, is dominated by major players like Walmart de Mexico, which controlled 66.4% of supermarket sales in 2021. In conclusion, the growth of the U.S. telecom industry, Canada’s healthcare investments, and Mexico’s booming retail sector are key drivers of NaaS adoption in North America.
The US market dominated the North America 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 $33.37 billion by 2031. The Canada market is experiencing a CAGR of 27% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 26.1% during 2024-2031.
The network as a service market represents a transformative shift in how organizations access, manage, and deploy network infrastructure. By leveraging a subscription-based model, NaaS allows businesses to outsource their networking needs to third-party providers, who deliver scalable, flexible, and efficient network solutions over the internet.
NaaS is built on the foundation of virtualization and cloud computing, drawing parallels with other “as-a-service” models like software as a Service (SaaS) and Infrastructure as a Service (IaaS). It allows businesses to tailor network resources to their specific requirements, whether for short-term projects or long-term operational needs.
The market is expanding globally, driven by increasing digital transformation, the adoption of cloud-based networking, and the growing demand for scalable, cost-efficient network solutions. The U.S. telecom industry’s revenue from internet access services increased by 46.3% between 2015 and 2022, reaching $115.8 billion. This surge is driven by higher demand for high-speed internet, 5G expansion, and the shift toward wireless-only households - which rose from 47.7% in 2015 to 72.6% in 2022. The Canadian government has pledged $198.6 billion over ten years to enhance healthcare services, including $46.2 billion in new funding. As hospitals and healthcare providers increasingly adopt telemedicine, AI-powered diagnostics, and electronic health records (EHRs), there is a growing demand for secure, high-speed network solutions. Mexico’s retail industry, valued at $76 billion, is dominated by major players like Walmart de Mexico, which controlled 66.4% of supermarket sales in 2021. In conclusion, the growth of the U.S. telecom industry, Canada’s healthcare investments, and Mexico’s booming retail sector are key drivers of NaaS adoption in North America.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Network as a Service Market by Type
Chapter 6. North America Network as a Service Market by End User
Chapter 7. North America Network as a Service Market by Application
Chapter 8. North America Network as a Service Market by Enterprise Type
Chapter 9. North America Network as a Service Market by Industry
Chapter 10. North America 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
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