Network Engineering Services Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for network engineering services is expected to reach a substantial size of $ 42.01 billion by 2024. This represents a strong CAGR of 9.4 % during the forecast period. This growth is mainly due to the increasing demand for advanced network solutions resulting from the proliferation of cloud services, the Internet of Things, and the ongoing digital transformation in various industries. The need for a more complex network infrastructure in order to support these technological developments is expected to increase the demand for specialized engineering services. The emergence of 5G networks and the growing importance of cyber security are also expected to drive the growth of the market. Companies such as Cisco, Juniper, and Arista are at the forefront of this development and are investing in innovation and strategic alliances in order to strengthen their service portfolio. Cisco’s recent development of AI-based network management tools is a prime example of the industry’s shift towards more intelligent and automated network solutions. As these trends continue to evolve, the market for network engineering services is expected to flourish, highlighting the critical role of the network in the modern digital landscape.

Regional Market Size

Regional Deep Dive

The network engineering services market is growing at a significant pace across various regions, due to the rising demand for advanced network solutions, the expansion of cloud computing, and the growth of the Internet of Things. In North America, the market is characterized by the high concentration of IT companies and the robust network infrastructure. In Europe, the market is characterized by the rise in regulatory initiatives, aimed at enhancing the cyber security of the region. In the Asia-Pacific region, the market is characterized by the rapid digital transformation, resulting in the rising investments in network engineering services. The Middle East and Africa are focusing on the improvement of the communication and network infrastructure. The Latin American region is experiencing growth, due to the growing need for telecommunications modernization.

Europe

• The European Union's Digital Services Act is pushing companies to enhance their cybersecurity measures, leading to increased demand for specialized network engineering services.
• Organizations like BT Group and Deutsche Telekom are collaborating on projects to develop next-generation network solutions, which are expected to set new standards in the industry.

Asia Pacific

• Countries like India and China are rapidly expanding their digital infrastructure, with government initiatives such as Digital India and the China Internet Plus strategy driving investments in network engineering services.
• Telecom giants like Huawei and ZTE are leading the charge in developing advanced networking technologies, which are crucial for supporting the region's growing IoT ecosystem.

Latin America

• Brazil's National Broadband Plan is focused on expanding internet access, which is likely to increase the demand for network engineering services to support this initiative.
• Telecom operators such as Telefónica and América Móvil are modernizing their networks to improve service delivery, creating a favorable environment for network engineering service providers.

North America

• The U.S. Federal Communications Commission (FCC) has initiated programs to enhance broadband access, which is expected to drive demand for network engineering services as companies seek to upgrade their infrastructure.
• Major players like Cisco and Juniper Networks are investing heavily in R&D to innovate in areas such as 5G and SD-WAN, which are reshaping the landscape of network engineering services.

Middle East And Africa

• The UAE's Vision 2021 initiative aims to enhance the country's digital infrastructure, creating opportunities for network engineering service providers to participate in large-scale projects.
• Companies like Etisalat and MTN are investing in network upgrades to support the growing demand for mobile and internet services, which is expected to boost the market.

Did You Know?

“Did you know that by 2025, it is estimated that there will be over 75 billion connected devices globally, significantly increasing the demand for robust network engineering services?” — example.com

Segmental Market Size

The network engineering services market is currently experiencing stable growth, owing to the rising demand for network engineering services in the wake of the increasing demand for robust network infrastructure and the growing digital transformation initiatives in various industries. The market is also gaining from the growing trend of remote work, which necessitates improved network solutions, and the ongoing commercialization of 5G, which requires specialized network engineering services to optimize network performance. Besides, the growing regulatory pressure to ensure network security is pushing companies to invest in secure network designs. The network engineering services market is currently in the commercialization phase, with Cisco and Ericsson leading the way in deploying advanced network solutions. North America and Asia-Pacific are at the forefront of the market’s growth, deploying these services for applications in telecommunications, cloud, and IoT. The most prominent applications of network engineering services are the deployment of smart city solutions and the establishment of hybrid work environments in enterprises. The market is also gaining from macro-economic trends, such as the growing focus on sustainable development and the need for resilient networks in the face of global disruptions. Emerging trends, such as SD-WAN and network automation tools, are shaping the future of this market.

Future Outlook

The network engineering services market is expected to grow at a significant rate from 2024 to 2032, from $42 billion to $86 billion, with a CAGR of 9.4 percent. The demand for advanced network solutions is driven by the cloud, the Internet of Things, and the digital transformation of various industries. In particular, as companies continue to enhance their network and data center capabilities to support distributed working and digital services, the penetration of network engineering services is expected to increase significantly, reaching more than 60 percent of enterprises by 2032, compared with about 35 percent in 2024. The key technological drivers are the introduction of 5G, the application of artificial intelligence in network management, and the trend towards SDN. Also, as governments move to tighten security and data privacy, the demand for specialized network engineering services will increase. And as machine learning is used to predict network performance, and as the industry becomes more sustainable, new opportunities will arise for service companies. The companies that can best adapt to these trends and capitalize on new developments will be well positioned to take a significant share of the market.