Network Engineering Services Market Size, Share & Trends Analysis Report By Service Type (Professional, Managed), By Connection Type (Wired, Wireless), By Organization Size (Large, SMEs), By End-use, And Segment Forecasts, 2023 - 2030

Network Engineering Services Market Size, Share & Trends Analysis Report By Service Type (Professional, Managed), By Connection Type (Wired, Wireless), By Organization Size (Large, SMEs), By End-use, And Segment Forecasts, 2023 - 2030

Network Engineering Services Market Growth & Trends

The global network engineering services market size is expected to reach USD 76.98 billion by 2030, registering a CAGR of 7.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Network engineering services include various services, such as design & planning, implementation, and network monitoring & maintenance for enterprises and communication service providers (CSPs). The need to meet the demand for higher internet speeds drives the growth of the market. The onset of the COVID-19 pandemic prompted many businesses to adopt an online business model. The pandemic accelerated digitalization among industries, which had a positive impact on the market.

Governments are taking initiatives and investing in improving internet infrastructure in their countries. For instance, in June 2023, the U.S. National Telecommunications and Information Administration (NTIA) announced that it is investing over USD 930 million to expand middle-mile U.S. high-speed internet infrastructure. The projects will deploy new fiber over 12,000 miles and will increase bandwidth and lower access costs. Such initiatives to deploy and improve internet infrastructure are positively impacting the growth of the market as the deployment and maintenance of networks will require network engineering services. Based on connection type, the market is divided into wired and wireless.

Wired connections use physical cables for transmitting data. Generally, wired connections are more reliable and secure than wireless networks, driving the segment’s growth. On the basis of organization size, the market is divided into Small and Medium Sized Enterprises (SMEs) and large size enterprises. Large-size enterprises are increasingly spending on Information Technology (IT) infrastructure as it plays a critical role in improving business operations, thereby driving the growth of the market. Growing 5G adoption and deployment presents significant growth opportunities for the market. Telecom companies are increasingly launching 5G services. For instance, in November 2022, Orange, a France-based telecom company, announced the launch of a commercial 5G network in Botswana.

The 5G launch will cover 30% of the population, including Francistown and Gaborone. The 5G launch will improve the digital ecosystem in the country. These key players are adopting different strategies, such as mergers & acquisitions, and partnerships & collaborations, to expand their presence and market share in the market. In May 2023, Juniper Networks, Inc. and ServiceNow, a U.S.-based software company, announced a partnership to provide an Artificial Intelligence (AI)-driven solution for network and service deployment. With this partnership, the companies aimed to provide enterprises and service providers with tools to improve experiences and streamline operations.

Network Engineering Services Market Report Highlights

• The market is expected to grow significantly due to the rapid digitalization among industries and the need to maintain network performance for CSPs
• Based on service type, the managed services segment is projected to grow at the fastest CAGR over the forecast period
• Based on connection type, the wired segment dominated the market with a revenue share of more than 57.0% in 2022 and is expected to grow at a CAGR of 6.8% from 2023 to 2030
• Based on organization size, the large enterprises segment held the largest revenue share in 2022 and is expected to grow at a CAGR of 7.2% from 2023 to 2030
• Based on end-use, the CSPs segment dominated the market with a revenue share of more than 65.0% in 2022 and is projected to grow at a CAGR of 7.1% from 2023 to 2030

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