Network Engineering Services Market
Growth Factors of Network Engineering Services Market
The global network engineering services market size was valued at USD 52.05 billion in 2023 and is projected to grow from USD 56.03 billion in 2024 to USD 114.13 billion by 2032, exhibiting a CAGR of 9.3% during the forecast period of 2024-2032.
The pandemic multiplied the want for remote work and virtual transformation, boosting demand for robust network solutions. This caused a surge in community engineering offerings to beautify security, performance, and reliability in reaction to multiplied online operations and virtual communique wishes, impeding network engineering services market growth.
The driving elements for the Network Engineering Services Market include the rapid increase in records site visitors, the expansion of cloud computing, and the growing adoption of IoT gadgets. Additionally, the upward thrust in far-flung work and virtual transformation tasks are pushing companies to improve their community infrastructures, using calls for superior network engineering services.
The Network Engineering Services market is prospering due to the upward push of modern-day technologies. The deployment of complex 5G networks necessitates specialised services for design, implementation, and management, as highlighted using Tata Consultancy Services. Similarly, the explosion of Internet of Things (IoT) gadgets requires a sturdy network infrastructure to address record transmission, as defined by RUCKUS Networks, expanding the network engineering services market share globally. Furthermore, artificial intelligence (AI) and machine learning are included in network control, optimising performance, automating tasks, and enhancing safety. These developments underscore the essential role community engineering services play in building and keeping the technological infrastructure of the future.
Comprehensive Analysis of Network Engineering Services Market
The Network Engineering Services Market is segmented by using carrier type, connectivity, employer kind, and industry. Network design-led due to its role in optimising overall performance and scalability, and at the same time, community deployment is anticipated to grow fastest for its position in imposing designs. Wired connectivity is ruled due to better bandwidth and protection, with wireless technology expected to develop rapidly due to its flexibility. Large establishments held the largest share due to complex network wishes, even as SMEs are set to develop fast as they enhance community protection. IT & telecommunication led the marketplace because of high-speed connectivity needs, with BFSI anticipated to grow fastest because of increasing virtual service adoption and protection needs.
The North America region led the network engineering services market by benefitting a size of USD 20.19 billion in 2023 due to agencies' developing emphasis on digital transformation tasks to reinforce performance, modernise operations, and enhance customer experiences.
The leading network engineering services market players significantly shape its growth and set industry benchmarks. Key players such as Calsoft Inc. (U.S.), Datavision, Inc. (U.S.), Movate (U.S.), Juniper Networks, Inc. (U.S.), Sincera Technologies (U.S.), Cyient (India), Advance Digital Systems, Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Aviat Networks (U.S.), and Infosys Limited (India) contribute to a competitive landscape, driving innovation and advancing the market.
In January 2024, Aviat Networks, Inc. partnered with PT Smartfren Telecom Tbk. This collaboration aims to provide private wireless networks for indoor and outdoor use, offering ultra-reliable, high-speed wireless connectivity and automation services to private network clients throughout Indonesia.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.3% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Service Type
- Network Design
- Network Deployment
- Network Assessment
By Connectivity
- Wired
- Wireless
By Enterprise Type
- SMEs
- Large Enterprises
By Industry
- BFSI
- IT & Telecommunication
- Government
- Education
- Healthcare
- Manufacturing
- Media & Entertainment
- Others (Energy & Utility)
By Region
- North America (By Service Type, By Connectivity, By Enterprise Type, By Industry, and By Country)
- South America (By Service Type, By Connectivity, By Enterprise Type, By Industry, and By Country)
- Brazil
- Argentina
- Rest of South America
- Europe (By Service Type, By Connectivity, By Enterprise Type, By Industry, and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
- Middle East & Africa (By Service Type, By Connectivity, By Enterprise Type, By Industry, and By Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
- Asia Pacific (By Service Type, By Connectivity, By Enterprise Type, By Industry, and By Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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