The Latin America, Middle East and Africa Network as a Service Market is expected to witness market growth of 28.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $2.44 billion by 2031. The Argentina market is showcasing a CAGR of 29.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 27% during 2024-2031.
Industries with high connectivity demands, such as finance, retail, and technology, are among the early adopters of NaaS. Financial institutions, for example, use NaaS to support secure, low-latency connections for transactions and data transfers across global markets. Retailers leverage it to connect point-of-sale systems, inventory management tools, and e-commerce platforms, ensuring a seamless customer experience.
The shift toward NaaS is also evident in the public sector, where government agencies and educational institutions embrace it to modernize their infrastructure. Universities, for instance, use NaaS to provide campus-wide connectivity for students and faculty, supporting online learning platforms and research networks.
The market is witnessing significant growth, driven by the rising adoption of cloud-based networking solutions, AI-driven automation, and digital transformation initiatives across industries. The UAE has established itself as the fintech leader in the MENA region, reaching a record-high investment of USD 2.5 billion by 2022. The world’s largest financial institutions heavily invest in fintech, focusing on payments, capital markets, and cybersecurity. Saudi Arabia’s ambition to become the world’s most connected and digitized nation by 2030 is fuelling investments in smart cities and IoT solutions. The Saudi IoT industry is projected to reach USD 2.9 billion by 2025, growing at 12.8%. The increasing adoption of IoT in smart cities requires scalable, high-bandwidth, and low-latency networks, which NaaS solutions can efficiently provide. Brazil has emerged as a growing AI and cloud computing hub, with AI spending surpassing USD 1 billion in 2023, a 33% year-over-year increase. Additionally, spending on Intelligent Process Automation (IPA) and cloud infrastructure (IaaS & PaaS) saw significant growth. Hence, the rapid growth of fintech in the UAE, smart cities and IoT in Saudi Arabia, and AI/cloud computing in Brazil significantly boost the demand for NaaS.
The Brazil market dominated the LAMEA 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 $2.44 billion by 2031. The Argentina market is showcasing a CAGR of 29.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 27% during 2024-2031.
Industries with high connectivity demands, such as finance, retail, and technology, are among the early adopters of NaaS. Financial institutions, for example, use NaaS to support secure, low-latency connections for transactions and data transfers across global markets. Retailers leverage it to connect point-of-sale systems, inventory management tools, and e-commerce platforms, ensuring a seamless customer experience.
The shift toward NaaS is also evident in the public sector, where government agencies and educational institutions embrace it to modernize their infrastructure. Universities, for instance, use NaaS to provide campus-wide connectivity for students and faculty, supporting online learning platforms and research networks.
The market is witnessing significant growth, driven by the rising adoption of cloud-based networking solutions, AI-driven automation, and digital transformation initiatives across industries. The UAE has established itself as the fintech leader in the MENA region, reaching a record-high investment of USD 2.5 billion by 2022. The world’s largest financial institutions heavily invest in fintech, focusing on payments, capital markets, and cybersecurity. Saudi Arabia’s ambition to become the world’s most connected and digitized nation by 2030 is fuelling investments in smart cities and IoT solutions. The Saudi IoT industry is projected to reach USD 2.9 billion by 2025, growing at 12.8%. The increasing adoption of IoT in smart cities requires scalable, high-bandwidth, and low-latency networks, which NaaS solutions can efficiently provide. Brazil has emerged as a growing AI and cloud computing hub, with AI spending surpassing USD 1 billion in 2023, a 33% year-over-year increase. Additionally, spending on Intelligent Process Automation (IPA) and cloud infrastructure (IaaS & PaaS) saw significant growth. Hence, the rapid growth of fintech in the UAE, smart cities and IoT in Saudi Arabia, and AI/cloud computing in Brazil significantly boost the demand for NaaS.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA Network as a Service Market by Type
Chapter 6. LAMEA Network as a Service Market by End User
Chapter 7. LAMEA Network as a Service Market by Application
Chapter 8. LAMEA Network as a Service Market by Enterprise Type
Chapter 9. LAMEA Network as a Service Market by Industry
Chapter 10. LAMEA 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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