Network Engineering Services Market Research Report—Global Forecast till 2030

Network Engineering Services Market Research Report: Information by Services Type (Network Assessment, Network Design, Network Deployment), by Vertical (Telecom, banking, financial services, education, energy and utilities, healthcare, verticals), and Region - Global Forecast till 2030

ID: MRFR/SEM/9568-HCR | February 2023 | Region: Global | 120 Pages         

Network Engineering Services Market

Network Engineering Services Market is expected to grow USD 76.3 billion at a CAGR 9.4% during the forecast period 2022-2030.

Segmentation
By Services Type Network Assessment Network Design Network Deployment
By Vertical Telecom banking financial services education energy and utilities healthcare verticals
Key Players
Companies Profiled   Cisco (US)    IBM (US)    Ericsson (Sweden)    Huawei (China)    Juniper Networks (US)    HCL Technologies (India)    Infosys (India)    NTT Global Networks (US)    Fujitsu (Japan)    Cyient (Hyderabad)    CSS Corp (US) Accenture (Ireland)    Aviat Networks (US)    AT&T (US)    Wipro (India)    TCS (India)
Drivers
Market Driving Forces    Rising demand for networking services
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Network Engineering Services Market Insights


The global network engineering services market size is projected to be worth USD 76.3 billion by 2030, registering a CAGR of ~9.4 % during the forecast period (2022 - 2030).


The global network engineering services industry is segmented into Service type, Vertical, and Region. Based on Service type, the global network engineering services market trends is segmented into Network Assessment, Network Design, and Network Deployment. Based on Vertical, the global network engineering services market is segmented into Telecom, Banking, Financial Services, and Insurance, Education, Energy and Utilities, Healthcare, and Others. Based on region, the market is divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.


Network Engineering Services Market Dynamics


Market Drivers



  • Rising demand for networking services


The expansion of the loT connection industry's income is being attributed to the rising investments in sensing technologies for automating industrial processes. The demand for audio devices, vehicle entertainment and diagnostic equipment, smart city initiatives, automation, and wearable electronics with networking capabilities is driving the market's ongoing growth. A major driver of the market expansion for global network engineering services is the introduction of machine-generated data, which is constantly increasing and necessitates fast and wide network bandwidth.


Market Restraint



  • Worries regarding data security


Alongside digitalization, the risks of data theft and misuse are rising. Businesses hold sensitive information that must be kept secure to prevent theft and data breaches that could damage their overall brand. Organizations could potentially lose their technological advantages, designs, and sourcing knowledge, among other sensitive business-related data, if their data is disclosed.


Market Opportunities



  • Network-dependent industries are expanding


There are many prospects for growth in emerging industries like the gaming sector, OTT, smart wearables, and smart home appliances because all these sectors rely heavily on networking services for their own services and solutions. There are additional prospects for the market for global network engineering services to expand thanks to Al and cloud services.


Network Engineering Services Market- Segment Overview


The global network engineering services market is segmented into Service type, and Vertical.


Based on the Service Type Insights


The global market is segmented into Network Assessment, Network Design, and Network Deployment.

Based on Vertical Insights


The global market is segmented into Telecom, Banking, Financial Services, and Insurance, Education, Energy and Utilities, Healthcare, and Others.

Regional Insights


Based on region, the market is divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. North America will have the largest market during the forecasted period. Because of its solid financial standing, North America can invest extensively in implementing the most cutting-edge tools and technology to guarantee efficient corporate operations. These benefits provide this region's businesses a competitive edge over those in other locations. The area has cutting-edge IT infrastructure and was an early adopter of network solutions. The way customers connect and engage with businesses across industries has changed because of technological and automation improvements. During the projection period, it is anticipated that the expanding ICT investments in North America will increase demand for global network engineering services.


Key Companies & Market Share Insights


The key industry players are adopting various business strategies such as significant investments in marketing activities to increase their market presence and expand their product portfolio thereby, driving the global network engineering services. In addition, the market players are adopting several strategic initiatives such as new product launches, mergers & acquisitions, contractual agreements, increasing investments, and collaboration with other players to expand their global footprint.


List of companies covered in the Network Engineering Services Market report:




  • Cisco (US)

  • IBM (US)


  • Ericsson (Sweden)

  • Huawei (China)

  • Juniper Networks (US)

  • NTT Global Networks (US)

  • HCL Technologies (India)

  • Infosys (India)

  • Fujitsu (Japan)

  • Cyient (Hyderabad)

  • CS & Co (US)

  • Wipro (India)

  • AT&T (US)

  • Aviat Networks (US)

  • Accenture (Ireland)

  • TCS (India)


Industry Developments




  • In Aug 2022- A Memorandum of Understanding (MoU) between SkyMax and Encsson has been inked to establish a cooperation with the goal of developing a digital services delivery platform and a next-generation 5G broadband network throughout Sub-Saharan Africa (SSA).


  • In Aug 2022- A Memorandum of Understanding (MoU) has been signed between SkyMax and Encsson to establish a partnership with the intention of creating a platform for the delivery of digital services and a 5G broadband network for Sub-Saharan Africa (SSA).


  • In July 2022- IIT M receives a 21 crore grant from Mphasis for basic and applied research in quantum technology. To establish a centre for quantum science and technology that fosters both fundamental and applied research in quantum technologies and produces top-quality graduates, the Indian Institute of Technology Madras and Mphasis, an IT solutions provider, signed a Memorandum of Understanding (MoU).


Report Overview


The study covers the existing short-term and long-term market effects. It helps decision-makers to draught short-term and long-term business plans by region. The report covers major regions in North America, Europe, Asia-Pacific, and the Rest of the World. The report analyzes market drivers, restraints, opportunities, challenges, Porter's five forces, value chain, and impact of COVID-19 on the market.


Study Objectives



  • To provide a detailed analysis of the market structure and forecast for the next 8 years of the various segments and sub-segments of the global network engineering services market.

  • To provide insights about factors affecting the market growth.

  • To analyze the global network engineering services market based on various factors- price analysis, supply chain analysis, Porter's five force analysis, etc.

  • To provide historical and forecast revenues of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia-Pacific, and the Rest of the World.

  • To provide country-level analysis of the market with respect to the current market size and future prospective.

  • To provide country-level analysis of the market for segments by services type, vertical, and region.

  • To provide strategic profiling of key players in the market, comprehensively analyze their core competencies, and draw a competitive market landscape.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and R&D in the global network engineering services industry.


Network Engineering Services Market Segmentation:


By Service Type Outlook



  • Network Assessment

  • Network Design

  • Network Deployment


By Vertical Outlook



  • Telecom

  • Banking, Financial Services, and Insurance

  • Education

  • Energy and Utilities

  • Healthcare

  • Other


 By Region Outlook



  • North America

  • Europe

  • Asia Pacific

  • Middle East and Africa

  • South America



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 76.3 Billion
  CAGR   9.4% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Services Type, Vertical, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World
  Key Vendors   Cisco (US), IBM (US), Ericsson (Sweden), Huawei (China), Juniper Networks (US), HCL Technologies (India), Infosys (India), NTT Global Networks (US), Fujitsu (Japan), Cyient (Hyderabad), CSS Corp (US) Accenture (Ireland), Aviat Networks (US), AT&T (US), Wipro (India), and TCS (India)
  Key Market Opportunities   Network-dependent industries are expanding
  Key Market Drivers   Rising demand for networking services


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