Why should companies start investing in NaaS?
As companies are moving to a flexible office model, the number of users keeps varying each day. Considering this, organisations are shifting to Pay per use subscription models resulting in a rapid rise in NaaS services. NaaS brings with its networks, operations, and business architecture structured with more agility, open-based standards, and affordability. As it offers myriad solutions from scalability, lower cost of connectivity, and performance optimization, NaaS can support businesses of various sizes and across different sectors.
At Spectra we noticed a rise in managed services which earlier accounted for <10% of the incremental business for Spectra in 2018 have now moved to 30%, whereas the overall incremental revenue has increased by 2X. Thus, reiterating the benefits of investing in NaaS. In addition to its aforementioned benefits, NaaS also gives an opportunity for organizations to focus on work without being bogged down with IT issues. It ensures a high level of security for organizations as it implements best IT security practices while recommending best-in-class hardware and software platforms that are tailored as per need.
Is NaaS more cost-effective for organizations?
Yes, NaaS is a cost-effective solution for an organization as it enables flexibility in the number of users for an organization through the Pay Per Use model. It gives organizations an opportunity to purchase and maintain network services instead of building their own. With the option to increase or decrease capacity, NaaS offers granular control over the cost. It also has a lower cost structure as it operates in the opex model that offers a greater degree of operational automation with better capabilities to architect and creates new services.
How has the market evolved post the pandemic regarding Managed Services?
The way organizations function has drastically changed post the pandemic, resulting in an increase in Managed Services as well. Research has shown that the Network as a Service Market size is expected to grow from USD 10.4 billion in 2021 to USD 37.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4%. Organizations have now started leaning on secure network infrastructure for all aspects of their daily operations as network infrastructure has become more resilient across multiple dimensions in face of various threats and risks. Managed services offer companies solutions that already include fast, cost-effective access to technologies such as AI, trusted intelligence and automation as well as the technical expertise needed to master these, without the big upfront costs or challenges in talent. These priorities have become key for organizations in the new normal.
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