Network Engineering Services Market Size by Service Type, Transmission Mode, Organization Size, Industry Vertical, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Network Engineering Services Market is expected to reach USD 97.81 Bn by 2030 from USD 50.83 Bn in 2023, at a CAGR of 9.8% during the forecast period.
Network Engineering Services Market Overview
Market is a collection of various services offered to businesses. These services are required for high-speed, seamless access from anywhere and a data exchange experience, which is expected to cater to consistent traffic upsurge. The designing, maintaining, implementing and troubleshooting of an organization’s computer networks are the main features of the Network Engineering Services Market.
Network Engineering Services Market Research Methodology
The bottom-up approach is used to estimate the size of the market by value and services offered through network engineering. The Network Engineering Services Market report includes company profiles, business overviews, sales areas and manufacturing cost structure. The report provides a detailed analysis of the market through segments such as service type, transmission mode, organization size, and industry vertical, along with their multiple sub-segments. It includes data regarding investment, research and development, and mergers and acquisitions by key players in Network Engineering Services.
The report involves data about drivers, restraints, opportunities, regional insights and competitive landscape in major geographic regions such as North America, Asia Pacific, Middle East and Africa and Europe and Asia Pacific. Primary and security research methods were used to collect data. Collected data were later analyzed by tools such as SWOT analysis and PORTER’s five force model and PESTLE analysis.
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Network Engineering Services Market Dynamics
Drivers:
The growing scope of digital marketing in small, medium and large organizations for bringing new leads and increasing organization recognition in the public through marketing. For bringing leads, companies mostly depend on network availability to set up and manage ad campaigns, social media and viral content. For better results through digital marketing, it needs reliable networking solutions. All these factors are expected to drive the Network Engineering Services Market.
The growing adoption of the broadband network across the world increased the need for substantial network infrastructure for better assessment and design. Broadband enables regions and nations to develop, attract and expand job-creating businesses and institutions. It is helpful in the productivity and profitability of all businesses and allows them to compete with global Network Engineering Services Market Competitors. Broadband is one of the network engineering services that enhance educational experiences by providing an array of resources. Apart from education, it makes remote access to clinical services possible for patients and provides cost-effective access to quality healthcare. It is also useful in public safety, environmental sustainability and urban revitalization. All these factors are expected to drive the Network Engineering Services Market.
Increased number of connected devices and the growing demand for advanced network infrastructure in various organizations to maintain connectivity of data, calls, voice, videos and wireless networks and advancements in the field of information technology are expected to drive the Network Engineering Services Market. Organizations are highly dependent on real-time data to observe consumer behavior, trends and interest based on their surfing on the internet to develop their strategies. Maintaining and executing the data requires a strong Network Engineering Service. The data can be transmitted to the organization through wired or wireless network service. This is expected to propel the growth of the Network Engineering Services Market.
Also, increased artificial intelligence (AI), machine learning and big data analytics usage across all the sectors to increase their productivity, flexibility and performance. The raw data generated from online services and mobile network subscribers needs planning and Network Engineering Services detect a failure and analyze root causes with the help of machine learning. This provides the organization a data in a good manner and these factors are expected to drive the Network Engineering Services Market. Growing network-dependent industries such as OTT platforms, the gaming industry, smart wearables and the growing use of IoT are expected to create a wide range scope for Network Engineering Services Market.
Restraining Factors in the Network Engineering Services Market
Security and unauthorized access create a threat to the confidentiality of users’ or organizations’ privacy and are the biggest threat to adopting Network Engineering Services. The high price associated with the upgradation of Network Engineering Services Software is expected to hinder the growth of the Network Engineering Services Market. The report analyses the market and involves drivers, restraints, opportunities and scope for the market at the global, regional and local levels to assist new market entrants.
Network Engineering Services Market Regional Insights
North America held the largest share of the market and is expected to grow at the highest CAGR throughout the forecast period. The developed and strong economy of the region allows key players in the market to invest in research and development for the improvement of technologies and effective business operations. The early technical advancements and increased investment in information technology are expected to drive North America Network Engineering Services Market. The region’s growth in the market is mainly due to transforming technologies and communication sector growth.
Asia Pacific is expected to hold the largest share of the Network Engineering Services Market during the forecast period (2024-2030). The growing digitalization of businesses and customer services along with the rapid growth in the IT sector of developing economies such as China and India are expected to drive the Asia Pacific Market. The region’s market growth is expected to be driven by the adoption of the Internet of Things (IoT) in all sectors and increased demand for new network infrastructure to support operations carried out in the organizations. Europe is expected to witness moderate growth in the market during the forecast period. The introduction of the wireless network in the organization suddenly increased employers’ productivity in the region.
Network Engineering Services Market Competitive Landscape
The report includes the details of investment in the Network Engineering Services industry by major key companies along with their mergers and acquisitions and partnerships at global, regional and local levels. Cisco, IBM, Juniper Networks, Fujitsu and Accenture are some leading Network Engineering Services Key Players. IBM Consulting Engineering Services increase the productivity of software teams by enabling self-service of infrastructure automation by developers to modernize internal developer platforms and offers an end-to-end multi-cloud approach. On September 15, 2022, Juniper Networks announced Apstra Freeform, which is fast, simple, intent-based data center automation.
Managing modern data centers means facing constant pressure to move faster—to roll out new products, move into new markets and deliver new value before the competition. Datacenter reference designs within Apstra allow companies to deploy and operate data center network fabrics quickly, automatically and seamlessly with Apstra Freeform, which is able to automatically build different architectures and still operate them using Apstra. These recent developments by Network Engineering Services Key Companies are expected to drive the Network Engineering Services Industry.
Network Engineering Services Market Segment Analysis:
Based on service type, the network design segment is expected to grow significantly throughout the forecast period (2024-2030). The increased growth of data-consuming products and data-related services. This growth has been driving the demand for custom network service design, which provides efficiency and scalability for the needs of organizations. Big data analytics and machine-generated data urge efficient network design for better decision-making.
The networks designed for organizations are expected to operate effectively and adapt to new technologies, which will be secure and resilient. The increase in communication technology and growing penetration of Wi-Fi-connected devices in the residential, commercial and industrial sectors is expected to drive the demand for network designing in Network Engineering Services Market.
Based on the industry vertical, the BFSI segment is expected to hold the largest share of the Network Engineering Services Market during the forecast period. The growing trend of digitalization in the banking and financial sector supported by consumer shift towards online payment through e-wallet, net banking and e-bill payments is looking for safe network services with advanced security features. The trends of digitization and digitalization, online mobile banking, unified payment interface (UPI), blockchain in the BFSI sector is expected to demand for better network services, which is expected to drive the Market.
Network Engineering Services Market Scope: Inquire before buying
| Network Engineering Services Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 50.83 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 9.8 % | Market Size in 2030: | USD 97.81 Bn. |
| Segments Covered: | by Service Type | 1. Network Assessment 2. Network Design 3. Network Deployment |
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| by Transmission Mode | 1.Wired 2.Wireless |
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| by Organization Size | 1. SMEs 2. Large Enterprises |
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| by Industry Vertical | 1. Telecom 2. BFSI 3. Education 4. Energy and Utilities 5. Healthcare 6.ITeS 7. Manufacturing 8. Media and Entertainment 9. Government 10. Others |
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Network Engineering Services Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Network Engineering Services Market, Key Players are
1. Cisco
2. IBM
3. Huawei
4. Juniper Networks
5. HCL Technologies
6. Infosys
7. NTT Global Networks
8. Fujitsu
9. Cyient
10. CSS Corp
11. Accenture
12. Aviat Networks
13. AT&T
14. Wipro
15. TCS
16. Tech Mahindra
17. Mphasis
18. CODETRU
19. Inspira Enterprise
20. Advance Digital Systems
21. Nexius
22. Hughes Systique
23. CHR Solutions
24. Velocis Systems
25. IMMCO
26. Sincera
27. VertiKal6
28. Datavision
29. PCS Technologies Inc.
Frequently Asked Questions:
1] What is the growth rate of the Market?
Ans. The Market is growing at a CAGR of 9.8 % during the forecast period.
2] Which region is expected to dominate the Market?
Ans. North America is expected to dominate the Market during the forecast period from 2024 to 2030.
3] What is the expected Market size by 2030?
Ans. The size of the Market by 2030 is expected to reach USD 97.81 Bn.
4] Who are the top players in the Market?
Ans. The major key players in the Market are Datavision, Advanced Digital Systems, CSS Group and Tech Mahindra.
5] Which factors contributed to the growth of the Market in 2023?
Ans. The Network Engineering Services Market is expected to grow due to companies mostly depending on network availability to set up and manage ad campaigns, social media and viral content.