According to IDC, Network-as-a-Service (NaaS) is “an emerging procurement model to consume network infrastructure via a flexible operating expense (OpEx) subscription inclusive of hardware, software, management tools, licenses, and lifecycle services.”

In contrast, the traditional network model requires a company to use their capital expenses (CapEx) to invest in physical networks. This DIY form of IT takes away valuable resources, as it becomes wrapped up in planning and deployment that requires a level of expertise to ensure everything goes according to plan. Even after a successful integration, continuous monitoring and updates are required to keep pace with emerging technology and IT threats.

Network as a Service in the Global Market

From GlobalNewswire, “The global Network as a Service market is expected to grow from $12.31 billion in 2021 to $16.52 billion in 2022 at a compound annual growth rate (CAGR) of 34.3%. The network as a service market is expected to grow to $56.18 billion in 2026 at a compound annual growth rate (CAGR) of 35.8%.”

Because of the growing number of cloud-based applications across different industries, the growth of the Network as a Service market is expected to keep moving forward.

Part of this growth is due to more people working from home and increasing their business usage of the internet, increasing the demand for high-speed networks.

This trend has led major companies operating in the cloud service market to focus on the benefits from these technologies that can help strengthen operations.

It’s no wonder the cloud industry is booming, as more companies see the value in purchasing the experience of greater networks versus investing in the software and hardware necessary to create DIY networks.

Benefits of NaaS for Companies

NaaS offers the ability to pay for a service, instead of the hardware necessary to scale a business according to its growing needs. Additionally, the service gives companies the ability to monitor and manage their network along with tracking usage and billing. These services can vary from simply sitting back and letting the vendor manage the details to co-managing for ease of mind and greater control.

Through greater innovation, NaaS can provide better IT resolutions and help improve utilization of services, optimize workload traffic, and even protect a business’s IT infrastructure.

• Network as a Service helps companies simplify their IT and increase automation by eliminating the need for ongoing upgrades and fixes, as this now falls under the management of the vendor.
• Greater security can be implemented, as NaaS provides both networking services and security services like firewalls. The result is tighter integration of network and network security.
• Enhanced overviews from NaaS give easy network monitoring, performance modeling, and adherence to SLA’ There is also the option to co-manage the NaaS.
• Because of the ability to access the network from virtually anywhere, there’s greater flexibility as customization and changes are done through software instead of hardware.
• Billing can adapt to changes as businesses may need to expand or open new branches. This allows for easy scalability as companies simply purchase greater capacity and quickly scale up or down as needed.

Our CloudKey^SM Is Your Key to NaaS

Not all networks are built the same. For legacy networks, the transition to using NaaS may be more difficult, but luckily Global IP Networks has been working with companies for over 20 years to help with their network needs.

One of the recent innovations is the CloudKey platform, which is the turnkey solution for cloud computing services. CloudKey is flexible, customizable, and comprehensive, including the ability to offer services like NaaS for companies.

Our experts have helped dozens of companies across a multitude of industries to enhance their networks and provide an elite service like no other. The CloudKey platform complements this service by uniquely serving each business according to their specifications and cloud-based utilization. Learn more by contacting us today.