India Network As A Service (NaaS) Market Is Expected To Register a 29.78% CAGR Through 2029

Growing data consumption has spurred the need to storage and process data efficiently, which is expected to propel the India network as a service (NaaS) market between 2025 and 2029.

According to TechSci Research report “Network as a Service (NaaS) Market – India Industry Size, Share, Trends, Opportunity and Forecast, 2019–2029,” the India Network as a Service (NaaS) Market is anticipated to register a robust growth during the forecast period, 2025-2029. Network complexity, low bandwidth is a country concern, and it is quickly becoming a priority for the India government. The growing adoption of smart devices has spurred the need for technological innovation and the trend of users toward cloud-managed network services. With rising government investment to provide 5G services, revolutionizing digital in rural India are the primary reasons that are expected to dramatically increase the demand for NaaS in India. Furthermore, the rapid adoption of cloud and digital transformation by companies will expedite the demand for NaaS in India during the forecast period.

NaaS aids in reducing IT costs of operations, infrastructure, maintenance, software, and hardware. NaaS vendors provide expertise that aids businesses in achieving zero-ticket experience. Moreover, the increase in smartphone users and the rise in the need for data and high bandwidth capacity are driving the India network as a service (NaaS) market. India's data center industry is expanding rapidly in the age of digitization. The nation is ideally positioned to serve as a hub for data centers specializing in cloud computing technologies, including artificial intelligence, machine learning, and advanced analytical techniques. Furthermore, rising usage of big data solutions, IoT, and cloud-based solutions, among other things, are predicted to drive market expansion through 2028. Measures taken by the government, such as the classification of data centers as infrastructure assets and Digital India projects are likely to generate attractive prospects for market growth through 2028.

Since the COVID-19 pandemic has started, the pace of digital transformation has accelerated which has pushed every enterprise to re-evaluate their existing network setups. Due to the intended benefits of lower costs and improved scalability, flexibility, and security, several enterprises have adopted NaaS in the Indian Market. Moreover, the pandemic has brought about tension on networks because of frameworks being at various areas. There has been an expansion in NaaS, which has been done as such to decrease the intricacy.

Browse over XX market data figures spread through XX Pages and an in-depth TOC on the "India Network as a Service (NaaS) Market”

Based on end-user industries, The BFSI industry is expected to dominate the market during the forecast period. In the India Network as a Service (NaaS) market, the Banking, Financial Services, and Insurance (BFSI) sector is anticipated to emerge as a dominant force, driven by its unique requirements for secure, reliable, and scalable network solutions. The BFSI industry relies heavily on seamless connectivity to support critical financial transactions, data-intensive applications, and real-time communication across various locations.

One of the primary factors contributing to the BFSI sector's dominance in NaaS adoption is the industry's stringent security and compliance requirements. Banks, financial institutions, and insurance companies handle sensitive customer data and financial transactions that necessitate robust cybersecurity measures. NaaS providers offer advanced security features such as encryption, intrusion detection, and secure access controls, ensuring that BFSI organizations can maintain regulatory compliance and protect against cyber threats.

Scalability and flexibility are also critical considerations for the BFSI sector, which experiences fluctuating network demands based on customer transactions, market activities, and seasonal peaks. NaaS solutions enable BFSI organizations to dynamically scale their network resources up or down as needed, optimizing operational efficiency and reducing costs associated with underutilized infrastructure.

The BFSI industry's adoption of cloud computing and digital transformation initiatives further drives the demand for NaaS. Many financial institutions are migrating their applications and data to the cloud to enhance agility, improve customer service, and accelerate innovation. NaaS complements cloud adoption by providing the networking infrastructure and capabilities necessary to support cloud-based services securely and efficiently.

The shift towards remote work and virtual banking, accelerated by global events like the COVID-19 pandemic, has also underscored the importance of robust and flexible network solutions within the BFSI sector. NaaS facilitates secure remote access to banking systems and applications, enabling employees to work from anywhere without compromising on security or performance. The BFSI industry's dominance in the India Network as a Service (NaaS) market is driven by its stringent security requirements, scalability needs, adoption of cloud technologies, and the shift towards remote work. As BFSI organizations continue to prioritize digital transformation and customer-centric innovation, NaaS solutions will play a crucial role in supporting their evolving networking needs and maintaining competitive advantage in the dynamic financial services landscape.

Key market players in the India network as a service (NaaS) market include:

• Wipro Limited
• Verizon Communications India Private Limited
• Cisco Systems India Private Limited
• NEC Technologies India limited
• Oracle Corporation
• Akamai Technologies India Pvt Ltd.
• Tata Communications Limited
• Palo Alto Networks, Inc.
• Cloudflare, Inc.
• Amdocs group companies

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“North India has asserted its dominance in the India Network as a Service (NaaS) market due to several compelling factors that contribute to its leadership role in adopting and driving NaaS solutions. The region, comprising major economic centers such as Delhi-NCR, Uttar Pradesh, Haryana, and Punjab, stands out for its robust industrial and commercial activities, which necessitate advanced network infrastructure. One of the primary drivers of North India's prominence in the NaaS market is its thriving IT and technology sector. With a dense concentration of IT companies, startups, and multinational corporations (MNCs) establishing their regional headquarters or offices in cities like Gurugram, Noida, and Chandigarh, there is a heightened demand for scalable, flexible, and secure network solutions. NaaS meets these demands by offering cloud-based, on-demand networking capabilities that enable businesses to efficiently manage their network resources and enhance operational efficiency. The region benefits from substantial investments in digital infrastructure, including high-speed internet connectivity and extensive fiber optic networks. This infrastructure backbone supports the seamless deployment and performance of NaaS solutions, ensuring low latency and high reliability essential for modern business operations. Government initiatives and policies promoting digital transformation and smart city projects have also bolstered North India's leadership in the NaaS market. Programs such as Digital India and the Smart Cities Mission have spurred investments in digital infrastructure and smart technologies, creating a conducive environment for the adoption of advanced networking solutions like NaaS. These initiatives have accelerated the digitization efforts of cities in the region, driving the demand for scalable and efficient network services. The shift towards remote work and decentralized business operations, accelerated by global events like the COVID-19 pandemic, has further propelled the adoption of NaaS in North India. Businesses require secure and reliable network solutions that can support remote access and collaboration, making NaaS a preferred choice due to its flexibility and ability to adapt to changing network demands. North India's dominance in the India Network as a Service (NaaS) market is underpinned by its vibrant economic activity, robust digital infrastructure, supportive government policies, and the increasing adoption of remote work solutions. These factors collectively position North India as a key driver and leader in advancing NaaS adoption across various sectors.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

India Network as a Service (NaaS) Market by Type (WAN-as-a-service, LAN-as-a-service), By Service (Bandwidth on Demand (BoD), Wide Area Network (WAN), Virtual Private Network (VPN)), By End User Industry (IT & Telecom, BFSI, Healthcare, Retail & E-Commerce, Others), By Region, By Competition, 2019-2029F has evaluated the future growth potential of the India network as a service (NaaS) market and provides statistics & information on market size, structure, and future market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyzes emerging trends, as well as key drivers, challenges, and opportunities in the India network as a service (NaaS) market.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com