Chicago, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The Global Network Engineering Services market size is expected to grow from USD 48.7 billion in 2022 to USD 76.3 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.
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233 - Tables
47 - Figures
241 - Pages
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Scope of the Report
| Report Metrics | Details |
| Market size value in 2027 | USD 76.3 Billion |
| Market size value in 2022 | USD 48.7 Billion |
| Growth rate | 9.4% CAGR |
| Largest Market | North America |
| Market Drivers |
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| Market Opportunities |
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| Market size available for years | 2016–2027 |
| Base year considered | 2021 |
| Forecast period | 2022–2027 |
| Segments Covered | Service type (Assessment, Design, Deployment), Transmission Mode (Wired, Wireless), Organization Size, Vertical, and Region |
| Regions covered | North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
| Companies covered | 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), Tech Mahindra (India), Mphasis (India), CODETRU (US), Inspira Enterprise (India), Advance Digital Systems (US), Nexius (US), Hughes Systique (US), CHR Solutions (US), Velocis Systems (India), IMMCO (US), Sincera (US), and Vertikal6 (US). |
New technology trends like software-defined networking (SDN), Ultra-Low latency and network functions virtualization (NFV) are changing how networks are deployed and managed. The current business ecosystem has increased the demand for digital transformation, access from anywhere, and secure access, with enterprises and SMEs needing more networking, cloud, and ICT service assistance. Innovations in networking, 5G, semiconductor technology, cloud, IoT, and flexibility in protocol customization create opportunities for people and businesses that are never seen before. Network services are required to accommodate high speed, seamless access from anywhere, and a data exchange experience that can cater to consistent traffic upsurge. The growing demand for upgrades to smart technology for networks, cloud inclusion, threats, budgetary constraints, remote access, and the need for skilled network engineers are expected to grow, driving the demand for network engineering services.
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Network engineering service is a suite of services including assessment, planning, and deployment of network models. The services consist of design and implementation of the user network, interface networking including wired, wireless, wide area networking, remote access Virtual Private Network (VPN), Remote Desktop Protocol (RDP), network authentication, firewalls, and traffic management for all types of infrastructure and network components in the ecosystem. Network engineering is responsible for providing technology assessment, design, and engineering services in support of the activities of IT operations groups. In addition, network engineering provides consulting for networking technologies and solutions, and helps enterprises improve their network efficiency.
North America is expected to be the largest revenue contributor to the network engineering services market globally, as the region is an early adopter of network solutions and has advanced IT infrastructure. As global and emerging technology trends continue to drive the network to evolve at an accelerated pace, enterprises are accelerating their modernization, deploying new applications, expanding into public or multi-cloud architecture, and adopting new infrastructures to achieve goals like network flexibility, agility, and security.
The market for network engineering services is made up of companies that sell these services, which include designing, developing, and maintaining computer networks that offer wireless, data, voice, and video network services internally. Network engineering service providers collaborate with consultants, telecom firms, businesses, ISPs, and others to conceive, organize, and carry networking demands. Almost all industries require networking services either for internal consumption or for their products and services. High-definition live streaming, AI applications will benefit greatly from fiber speeds and ultra-low latency. As fiber networks, cloud technology and IoT devices become the standard, the quantity and sophistication of these applications are anticipated to skyrocket. All these businesses depend on network engineering service providers, thus contributing to high demand in the market.
Top Key Players
Major vendors operating in the network engineering services market include 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), Tech Mahindra (India), Mphasis (India), CODETRU (US), Inspira Enterprise (India), Advance Digital Systems (US), Nexius (US), Hughes Systique (US), CHR Solutions (US), Velocis Systems (India), IMMCO (US), Sincera (US), and Vertikal6 (US).
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