Network Engineering Services provide robust network solutions including network monitoring, infrastructure design, and ensure network availability with on-demand security and scalability. The Network Engineering Services are widely applicable in various enterprises, as these provide improved performance and complete computer networks, and maintain network connectivity in terms of calls, videos, voice, and data.
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The Global Network Engineering Services Market was projected to rise with a significant value of $1,155 million in 2020 and is projected to reach $12,279 million by 2027, with an estimated CAGR of 34.7% during the forecast period 2024-2031. The technological advancement in the field of information and communication technology (ICT) is the foremost market driver. ICT among various enterprises adopt network infrastructure with the introduction to the internet of things (IoT) and evolution in the communication space, in order to generate a highly developed network infrastructure.
The major market driving factors for the growth of the Global Network Engineering Services Market include – the increasing number of connected devices, growing technology evolution, enhanced demand for IoT, increasing need for highly developed network infrastructure, and the increasing adoption of broadband, which are expected to exhibit the sequential rise in the growth of the Global Network Engineering Services Market during the forecast period.
The market growth of the Global Network Engineering Services Market on the basis of segmental analysis- the market is segmented into- by service type, by transmission mode, by organization size, and by industry vertical segment. Based on the service type, the Network Engineering market is expected to be driven by technological improvement in communication and information technology. On the basis of industry vertical segment, the largest market size, shares and revenues of the Global Network Engineering Services Market is registered by Telecom industries. In order to transform the communication infrastructure, the telecom industries promote network carriers and are expected to raise the global Network Engineering Services Market growth, during the forecast period. Based on the organization size, the market is dominated by small and medium enterprises. Additionally based on the region, the largest market size, and shares for the global network engineering services market is held by the North American region across the globe.
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Market Coverage
- Segment Covered-
o By Service Type
o By Transmission Mode
o By Organization Size
o By Industry Vertical
- Competitive Landscape- Accenture, Ericsson, IBM, Huawei, Juniper Networks, Dell, Cisco, Fujitsu, Aviat Networks, Tech Mahindra and Mphasis, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Network Engineering Services Market Segment
By Service Type
- Network Assessment
- Network Design
- Network Deployment
By Transmission Mode
- Wired
- Wireless
By Organization Size
- Large Enterprises
- Small and Medium –Sized Enterprises
By Industry Vertical
- BFSI
- Telecom
- Information Technology
- Healthcare
- Education
- Media and Entertainment
- Energies and Utilities
- Manufacturing
- Others
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