Network Engineering Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Network Engineering Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Network Engineering Service Trends and Forecast

The future of the global network engineering service market looks promising with opportunities in the telecom, banking, financial service & insurance, education, energy & utility, healthcare, ITeS, manufacturing, media & entertainment, and government markets. The global network engineering service market is expected to reach an estimated $83.7 billion by 2030 with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are growing number of linked devices, the need for more advanced network infrastructure, and technical developments in the information and communications technology (ICT) industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Network Engineering Service by Segment

The study includes a forecast for the global network engineering service by service type, transmission mode, organization size, end use, and region.

Network Engineering Service Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:

• Network Assessment
• Network Design
• Network Deployment

Network Engineering Service Market by Transmission Mode [Shipment Analysis by Value from 2018 to 2030]:

• Wired
• Wireless

Network Engineering Service Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:

• SMEs
• Large Enterprises

Network Engineering Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Telecom
• Banking, Financial Services, & Insurance
• Education
• Energy & Utilities
• Healthcare
• ITeS
• Manufacturing
• Media & Entertainment
• Others

Network Engineering Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Network Engineering Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies network engineering service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the network engineering service companies profiled in this report include-

• Cisco
• Ibm
• Ericsson
• Huawei
• Juniper Networks
• Velocis Systems
• Hughes Systique

Network Engineering Service Market Insights

Lucintel forecasts that network design will remain the largest segment over the forecast period because it is a network-specific procedure that is customized, as well as, the proliferation of consumer electronics goods and services, including OTT platforms and smartwatches.

North America will remain the largest region over the forecast period due to region has cutting-edge IT infrastructure and was a pioneer in the adoption of network solutions.

Features of the Global Network Engineering Service Market

Market Size Estimates: Network engineering service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Network engineering service market size by service type, transmission mode, organization size, end use, and region in terms of value ($B).

Regional Analysis: Network engineering service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different service type, transmission mode, organization size, end use, and regions for the network engineering service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the network engineering service market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q2. What is the network engineering service market size?

Answer: The global network engineering service market is expected to reach an estimated $83.7 billion by 2030.

Q1. What is the growth forecast for network engineering service market?

Answer: The global network engineering service market is expected to grow with a CAGR of 8.7% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the network engineering service market?

Answer: The major drivers for this market are growing number of linked devices, the need for more advanced network infrastructure, and technical developments in the information and communications technology (ICT) industry.

Q3. What are the major segments for network engineering service market?

Answer: The future of the global network engineering service market looks promising with opportunities in the telecom, banking, financial service & insurance, education, energy & utility, healthcare, ITeS, manufacturing, media & entertainment, and government markets.

Q4. Who are the key network engineering service market companies?

Answer: Some of the key network engineering service companies are as follows:

• Cisco
• IBM
• Ericsson
• Huawei
• Juniper Networks
• Velocis Systems
• Hughes Systique

Q5. Which network engineering service market segment will be the largest in future?

Answer: Lucintel forecasts that network design will remain the largest segment over the forecast period because it is a network-specific procedure that is customized, as well as, the proliferation of consumer electronics goods and services, including OTT platforms and smartwatches.

Q6. In network engineering service market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to region has cutting-edge IT infrastructure and was a pioneer in the adoption of network solutions.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the network engineering service market by service type (network assessment, network design, and network deployment), transmission mode (wired and wireless), organization size (SMEs and large enterprises), end use (telecom, banking, financial services, & insurance, education, energy & utilities, healthcare, ITeS, manufacturing, media & entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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