The North America Network as a Service Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $33,377.5 million by 2031. The Canada market is experiencing a CAGR of 27% during (2024 - 2031). Additionally, The Mexico market would 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.
Free Valuable Insights: The Network as a Service Market is Predict to reach USD 117.14 Billion by 2031, at a CAGR of 25.2%
Based on Type, the market is segmented into WAN as a Service and LAN as a Service. Based on End User, the market is segmented into Corporate Customers and Individual Customers. Based on Application, the market is segmented into Wide Area Network, Cloud-based Services, Virtual Private Network, Bandwidth on Demand, and Other Application. Based on Enterprise Type, the market is segmented into Large Enterprise and Small & Medium Enterprise. Based on Industry, the market is segmented into IT & Telecom, BFSI, Manufacturing, Retail, Healthcare, and Other Industry. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type
By End User
By Application
By Enterprise Type
By Industry
By Country
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