Top 10 Network as a Service Companies | Best Connectivity Resource

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Jul 18, 2024

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Network as a Service Market Overview

Network as a Service Companies (NaaS) provides a cloud-based networking model where providers deliver network services via subscription.

It offers flexibility by allowing organizations to scale their network resources dynamically and avoid upfront investments in hardware.

Managed through a centralized dashboard, NaaS simplifies network management and enables rapid deployment of services. It enhances security with advanced features and ensures reliability by leveraging provider infrastructure.

Moreover, Businesses benefit from accessing cutting-edge technologies like SDN and NFV without the need for extensive internal resources.

NaaS thus represents a cost-efficient, scalable solution for modern enterprises seeking agile network capabilities on a global scale.

Market Drivers

The Global Network as a Service (NaaS) market is expanding due to several drivers. Firstly, the increasing adoption of cloud-based solutions boosts demand for NaaS’s flexible and scalable networking services.

Secondly, the shift towards remote work necessitates secure network infrastructure, which NaaS provides through centralized management and enhanced security features.

Thirdly, NaaS offers cost efficiencies by eliminating upfront hardware investments and charging based on usage.

Moreover, NaaS facilitates scalability, allowing businesses to adapt quickly and expand globally without significant infrastructure expenses.

Lastly, the integration of advanced technologies such as SDN and NFV improves performance and operational flexibility, driving further market growth.

Market Size

The Global Network as a Service market hit USD 14.6 billion in 2023 and is forecasted to reach USD 115.7 billion by 2032. With a compound annual growth rate (CAGR) of 26.7% over the decade.  

List of Major Companies

These are the top 10 companies operating in the Network as a Service Market:

IBM

Company Overview

Establishment Year1911
HeadquarterNew York, United States
Key ManagementArvind Krishna (Chairman & CEO)
Revenue (US$ Bn)$ 61.8 Billion (2023)
Headcount~ 282,200 (2023)
Websitehttps://www.ibm.com/

About IBM

IBM Corporation is advancing its position in the Network as a Service (NaaS) companies/sector through a series of strategic initiatives and partnerships.

Recent developments include the acquisition of HashiCorp to enhance multi-cloud infrastructure automation and the introduction of IBM Concert.

A generative AI-powered tool designed to provide predictive insights across applications. Additionally, IBM has expanded its collaboration with companies such as Microsoft, Wipro, and Palo Alto Networks.

To integrate AI and cloud solutions, enhancing cybersecurity, automation, and operational efficiencies.

Notably, IBM acquired StreamSets and webMethods to bolster its automation and data management capabilities and announced new AI services with Wipro aimed at accelerating AI adoption across various industries​​​​​​​​​​.  

Geographical Presence

IBM Corporation boasts a global presence with headquarters in Armonk, New York, and a strategic footprint spanning North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa, and Oceania. In North America, key hubs include New York City and San Francisco.

Europe sees major operations in London and Munich, while in Asia-Pacific, IBM is prominent in Tokyo and Bengaluru.

Latin America hosts offices in São Paulo and Mexico City, and in the Middle East, IBM has a presence in Dubai.

In Africa, Johannesburg serves as a key hub. Across Oceania, IBM operates in Sydney and Auckland, positioning itself as a leader in technology and consulting services globally.

Recent Developments

  • In May 2024, IBM unveiled updates to its WatsonX platform a year after its launch, along with forthcoming data and automation features aimed at enhancing the accessibility, affordability, and adaptability of artificial intelligence (AI) for businesses.
  • In May 2024, IBM launched IBM Copilot Runway, a new consulting service aimed at assisting enterprises in developing, customizing, deploying, and managing copilot solutions, including Copilot for Microsoft 365.

Cisco

Company Overview

Establishment Year1984
HeadquarterSan Jose, California, US.
Key ManagementChuck Robbins (CEO)
Revenue (US$ Bn)$ 56.9 B (2023)
Headcount~ 84,900 (2023)
Websitehttps://www.cisco.com/

About Cisco Systems

Cisco Systems has made significant strides in the Network as a Service (NaaS) companies/sector, leveraging AI and security advancements to enhance its offerings.

Recently, Cisco launched a $1 billion global AI investment fund to support secure AI solutions. Investing in firms like Cohere, Mistral AI, and Scale AI.

At Cisco Live 2024, the company unveiled new AI innovations across its networking and security portfolios.

Including the Cisco Networking Cloud and enhanced capabilities in Cisco Security Cloud for stronger digital infrastructure protection.

Cisco also highlighted its acquisition of Splunk to enhance security operations and introduced Cisco Hypershield for AI-scale data center security.

These efforts aim to offer comprehensive network management and security solutions in an increasingly AI-driven environment.

Geographical Presence

Cisco Systems, Inc., headquartered in San Jose, California, operates globally with a strong presence across North America, Europe, the Middle East, Africa, Asia Pacific, Japan, China, and Latin America.

Key hubs include San Jose, London, Tokyo, Singapore, São Paulo, and Bangalore, supporting diverse markets and driving innovation in networking and IT infrastructure.

This strategic distribution of offices and facilities underscores Cisco’s commitment to serving a worldwide customer base and leading digital transformation initiatives across various regions.

Recent Developments

  • In June 2024, Cisco initiated a $1 billion AI investment fund to strengthen the startup ecosystem and advance secure, dependable AI solutions.
  • In February 2024, Cisco unveiled new capabilities and technologies in its networking portfolio aimed at enhancing the unified management and security of customer networks.

VMware

Company Overview

Establishment Year1998
HeadquarterPalo Alto, California, US.
Key ManagementRaghu Raghuram (CEO)
Revenue (US$ Bn)$ 13.4 Billion (2023)
Headcount~ 38,300 (2023)
Websitehttps://www.vmware.com/

About VMware

VMware is enhancing its position in the Network as a Service (NaaS) companies/sector through several strategic initiatives.

Recently, VMware expanded its collaboration with Singtel to integrate VMware Edge Compute Stack into Singtel’s 5G infrastructure.

Facilitating better connectivity and cloud management. VMware also showcased innovations in its Telco Cloud platform, aimed at helping communication service providers modernize and monetize their networks.

Additionally, VMware’s deployment of its Telco Cloud Service Assurance with DISH Wireless and a proof-of-concept with Vodafone demonstrates its commitment to advancing network programmability and intelligence.

These developments, coupled with Broadcom’s ongoing integration, highlight VMware’s continued investment in network virtualization and cloud solutions​​.

Geographical Presence

VMware, headquartered in Palo Alto, California, maintains a strong global presence with offices across North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America.

In North America, key locations include Silicon Valley and Austin, Texas, while in Europe. Major hubs like London and Munich serve diverse markets.

The company also operates extensively in Asia-Pacific, with significant footholds in Japan, Australia, and Singapore. In Latin America, VMware has established offices in São Paulo and Mexico City.

Globally, VMware leverages strategic alliances to deliver innovative cloud infrastructure and digital workspace solutions. Supporting organizations worldwide in their digital transformation endeavors.

Recent Development

  • In April 2024, VMware launched VMware Telco Cloud Platform 4.0.
  • In March 2024, VMware partnered with Tonaquint Data Centers to offer ongoing discounted pricing and worldwide support for VMware solutions.

ATnT

Company Overview

Establishment Year1983
HeadquarterDallas, Texas, US.
Key ManagementJohn Stankey (CEO)
Revenue (US$ Bn)$ 122.4 Billion (2023)
Headcount~ 149,990 (2024)
Websitehttp://att.com/

About AT&T

AT&T Inc. has actively expanded into Network as a Service (NaaS) companies, focusing on improving connectivity and security.

They launched AT&T Internet Air, a 5G home internet service offering speeds of 40-140 Mbps without data caps, aiming to compete with other wireless providers.

AT&T also introduced AT&T Dynamic Defense™, a network-embedded security solution for businesses, providing real-time threat detection and mitigation.

Collaborating with Microsoft, AT&T is migrating its 5G core network to Microsoft’s Azure for Operators cloud, aimed at enhancing efficiency and reducing costs.

Additionally, AT&T has expanded its 5G and fiber coverage. Reaching 290 million people in the US, bolstering broadband services through partnerships and public-private initiatives.

Geographical Presence

AT&T Inc., a leading telecommunications company based in the United States, maintains a robust geographical presence both domestically and internationally.

In the US, AT&T operates extensively across all 50 states, offering a comprehensive range of telecommunications services through numerous retail locations.

Internationally, AT&T focuses on providing tailored communication solutions to businesses rather than direct consumer markets.

It has significant operations in Latin America, Europe, and the Asia-Pacific region, serving multinational corporations with advanced network and connectivity services.

This global footprint underscores AT&T’s strategic positioning in the telecommunications industry, supporting a wide array of customer needs across diverse markets worldwide.

Recent Development

  • In May 2024, AT&T partnered with AST SpaceMobile to provide a satellite-based broadband network directly to mobile phones.
  • In May 2024, AT&T, Wipro Limited, and Cisco formed a partnership to enhance retail capabilities through Wipro VisionEDGE+.

Oracle

Company Overview

Establishment Year1977
HeadquarterAustin, Texas, United States
Key ManagementSafra Catz (CEO)
Revenue (US$ Bn)$49.9 B (2023)
Headcount~ 164,000 (2023)
Websitehttps://www.oracle.com/

About Oracle

Oracle Corporation is advancing in the Network as a Service (NaaS) companies/sector through Oracle Cloud Infrastructure (OCI).

Key developments include the introduction of OCI Generative AI, integrating large language models from Cohere and Meta Llama 2 for diverse business applications.

Oracle’s partnership with Google Cloud allows customers to use Oracle database services within Google Cloud data centers, streamlining cloud migrations and IT modernization.

The Enterprise Communications Platform (ECP) connects industry applications with IoT devices to enhance real-time communications and operational efficiency.

Collaborating with NVIDIA, Oracle offers AI solutions within its cloud infrastructure to support high-performance computing and AI workloads.

Geographical Presence

Oracle Corporation has a global presence, headquartered in Redwood City, California, with major offices in North America, including Austin, Seattle, and Reston.

In Europe, the Middle East, and Africa, Oracle operates from hubs such as London, Amsterdam, Paris, and Munich, providing cloud computing and enterprise software solutions across diverse industries.

The Asia-Pacific region, including Singapore, Tokyo, Sydney, Beijing, and Bangalore, focuses on digital transformation in manufacturing and healthcare.

In Latin America, Oracle serves regional needs from offices in São Paulo, Mexico City, and Buenos Aires, specializing in cloud infrastructure and database management.

Oracle’s global Network of data centers ensures secure and compliant services, reinforcing its leadership in enterprise software and cloud computing.

Recent Developments

  • In June 2024, Oracle and Google Cloud partnered to offer customers the option to integrate Oracle Cloud Infrastructure (OCI) with Google Cloud technologies, facilitating faster application migrations and modernization efforts.
  • In March 2024, Oracle and NVIDIA expanded their collaboration to provide global customers with AI solutions tailored to specific needs.

Microsoft

Company Overview

Establishment Year1975
HeadquarterRedmond, Washington, U.S.
Key ManagementSatya Nadella (Chairman & CEO)
Revenue (US$ Bn)$ 211.9 Billion (2023)
Headcount~ 221,000 (2023)
Websitehttps://www.microsoft.com/

About Microsoft

Microsoft Corporation is expanding its presence in the Network as a Service (NaaS) companies/sector through strategic advancements.

Recently, Microsoft partnered with NVIDIA to integrate NVIDIA’s AI and supercomputing technologies into Microsoft Azure.

This collaboration led to the launch of Azure NC H100 v5 VM, enhancing AI model training and inference capabilities.

Additionally, Microsoft introduced the Secure Future Initiative (SFI) to strengthen cybersecurity across its network infrastructure, incorporating advanced security measures and automated threat detection.

Updates to Microsoft Entra ID Protection offer enhanced identity and access management solutions. These initiatives aim to boost data interoperability and cybersecurity in sectors like healthcare and life sciences.

Geographical Presence

Microsoft Corporation maintains a strong global presence with headquarters in Redmond, Washington, USA. Major hubs in North America include Silicon Valley, Texas, and New York.

In Europe, operational centers in Dublin, Munich, London, and Paris support various services, including cloud computing and software development.

Across Asia-Pacific, offices in Singapore, Tokyo, Sydney, and Bangalore drive extensive research and sales. In Latin America, regional headquarters in Sao Paulo, Mexico City, and Buenos Aires are pivotal.

Strategic offices in Dubai, Johannesburg, and Nairobi bolster Microsoft’s footprint in the Middle East and Africa, highlighting its global technological leadership and commitment to regional market expansion in emerging markets across Southeast Asia and Eastern Europe.

Recent Developments

  • In July 2024, Microsoft announced the closing of its authorized bricks-and-mortar stores in mainland China.
  • In November 2023, Microsoft launched the Secure Future Initiative (SFI) to address the growing scale and seriousness of cyberattacks.

Intel

Company Overview

Establishment Year1968
HeadquarterSanta Clara, California, U.S.
Key ManagementPat Gelsinger (CEO)
Revenue (US$ Bn)$ 54.2 Billion (2023)
Headcount~ 124,800 (2023)
Websitehttps://intel.com/

About Intel

Intel Corporation is progressing in the Network as a Service (NaaS) companies/sector, focusing on private networks, AI integration, and next-gen technologies.

They recently launched the Intel vRAN AI Development Kit to optimize virtualized radio access networks (vRAN) with AI-driven enhancements in energy efficiency and network performance.

This kit utilizes Intel Xeon processors with built-in AI acceleration, enabling telecom operators to deploy AI models for tasks like power savings and traffic management.

Collaborations with industry leaders such as AT&T and Vodafone underscore the practical benefits of AI in enhancing network efficiency and user experience.

Intel’s Intel Smart Edge platform further simplifies the deployment of private LTE and 5G networks across sectors like education and manufacturing, offering robust connectivity solutions.

Geographical Presence

Intel Corporation, a global semiconductor leader, maintains a strong geographical presence across key regions.

In North America, Intel is headquartered in Santa Clara, California, with major manufacturing sites in Oregon, Arizona, and California.

Across the Asia-Pacific, Intel operates facilities in China, including Chengdu, India, for research and development, and it has sales offices in Japan.

In EMEA, Intel has a major manufacturing hub in Ireland, R&D centers in Germany and Israel, and sales offices across Europe. Latin America sees Intel with offices in Mexico and Brazil.

This global strategy allows Intel to leverage regional strengths in manufacturing and innovation, positioning itself at the forefront of semiconductor technology worldwide.

Recent Developments

  • In June 2024, Intel and Aible teamed up to deliver innovative solutions for executing advanced generative AI and retrieval-augmented generation applications.
  • In June 2024, Intel introduced Sierra Forest, a 144-core server CPU.  

NVIDIA

Company Overview

Establishment Year1993
HeadquarterSanta Clara, California, U.S.
Key ManagementJensen Huang (CEO)
Revenue (US$ Bn)$ 60.9 Billion (2024)
Headcount~ 29,600 (2024)
Websitehttps://www.nvidia.com/

About NVIDIA

NVIDIA Corporation is expanding in the Network as a Service (NaaS) companies/sector with innovative products and partnerships.

Recently, NVIDIA launched the Spectrum-X Ethernet networking platform tailored for AI workloads, boosting generative AI performance by 1.6 times compared to traditional Ethernet fabrics.

This platform is gaining traction among AI cloud service providers, featuring advanced capabilities like adaptive routing and congestion control.

NVIDIA also introduced the 6G Research Cloud platform, integrating AI and digital twins to advance 6G technology, enabling researchers to simulate and optimize networks.

Moreover, NVIDIA unveiled the Blackwell platform, which supports AI models with up to 10 trillion parameters and bolsters AI training and inference capabilities in collaboration with major cloud providers AWS, Google Cloud, and Microsoft Azure.

Geographical Presence

NVIDIA Corporation maintains a global presence with headquarters in Santa Clara, California, serving as the central hub for its operations.

Across North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa, and Oceania, NVIDIA strategically positions offices and research facilities.

These locations support diverse markets, including gaming, AI, data centers, automotive, and professional visualization.

Each region plays a crucial role in fostering local partnerships and driving technological advancements tailored to regional needs, reinforcing NVIDIA’s leadership in visual computing and AI technologies worldwide.

Recent Development

  • In March 2024, NVIDIA launched the Blackwell platform, allowing organizations to deploy and operate real-time generative AI on trillion-parameter large language models with significantly reduced costs and energy usage compared to its predecessor.
  • In March 2024, NVIDIA introduced a 6G research platform that offers researchers a new method to advance wireless technology’s next phase.

Verizon

Company Overview

Establishment Year1983
HeadquarterNew York City, New York, U.S.
Key ManagementHans Vestberg (CEO)
Revenue (US$ Bn)$ 133.9 Billion (2023)
Headcount~ 105,400 (2023)
Websitehttps://www.verizon.com/

About Verizon Communications

Verizon Communications is advancing in the Network as a Service (NaaS) companies/sector by enhancing customer experience and expanding network capabilities.

Recently, Verizon introduced AI-driven tools to streamline customer interactions and personalize services. These include a Personal Research Assistant and a “Fast Pass” system that matches customers with suitable representatives, reducing wait times and improving service accuracy.

Additionally, Verizon is expanding its 5G network through collaborations with Vonage and Vertical Bridge, aiming to enhance service delivery and accelerate tower deployments.

These efforts, alongside strong financial performance in Q1 2024, position Verizon for continued growth in the NaaS market.

Geographical Presence

Verizon Communications Inc. maintains a robust presence primarily in the United States. Covering all 50 states with extensive infrastructure, including fiber-optic cables, cellular towers, and data centers.

Key operational regions such as the Northeast, Mid-Atlantic, Midwest, South, and West Coast benefit from Verizon’s telecommunications and broadband services.

While its core operations are domestic, Verizon also engages globally through strategic investments and partnerships in Europe and Asia-Pacific, supporting multinational connectivity needs.

Committed to innovation, Verizon continues to expand its 5G network and digital solutions to meet evolving industry demands.

Recent Developments

  • In July 2024, Verizon Communications launched a new visual identity.
  • In June 2024, Verizon Communications launched myHome.

Huawei

Company Overview

Establishment Year1987
HeadquarterShenzhen, China
Key ManagementRen Zhengfei (CEO)
Revenue (US$ Bn)$ 99 Billion (2023)
Headcount~ 207,272 (2023)
Websitehttps://www.huawei.com/

About Huawei

Huawei is advancing rapidly in the NaaS sector, focusing on cutting-edge 5G and 5.5G technologies to enhance network intelligence and capabilities.

In 2024, Huawei introduced the world’s first 5.5G intelligent core network, aimed at improving service intelligence, network efficiency, and operational effectiveness as part of its strategy to commercialize 5.5G technology.

Additionally, Huawei is expanding its OSSaaS model, providing cloud-based operational support systems that help telecom providers streamline operations, reduce costs, and enhance customer satisfaction through centralized and automated services.

Huawei’s collaborations with industry leaders and global operators. Including joint innovation labs, underscore its commitment to advancing network automation and achieving higher levels of network autonomy.

Geographical Presence

Huawei Technologies Co., Ltd., a global leader in telecommunications equipment and consumer electronics, maintains a strong geographical presence worldwide.

Operating across Asia-Pacific, Europe, the Americas, the Middle East, and Africa, Huawei strategically establishes subsidiaries, research centers, and partnerships to serve diverse markets.

Despite challenges in some regions, Huawei adapts its products and services to meet local demands and regulatory requirements through localized R&D and manufacturing.

Looking forward, Huawei focuses on advancing in 5G, AI, and cloud computing, navigating geopolitical tensions and regulatory scrutiny while leveraging strategic partnerships to sustain growth and innovation globally.

Recent Developments

  • In April 2024, Huawei launched Qiankun, a new software brand.
  • In January 2024, Huawei’s joint venture, TD Tech, announced its plans to sell its stake held by Nokia.
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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.

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