Dublin, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The "Network Engineering Services Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global network engineering services market.
This report focuses on network engineering services market which is experiencing strong growth. The report gives a guide to the network engineering services market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global network engineering services market is expected to grow from $45.38 billion in 2021 to $50.51 billion in 2022 at a compound annual growth rate (CAGR) of 11.30%. The network engineering services market is expected to reach $76.07 billion in 2026 at a CAGR of 10.78%.
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Major players in the network engineering services market are Accenture, Ericsson, Huawei, Juniper Networks, IBM Corporation, Cisco Systems, Aviat Networks, Tech Mahindra, Mphasis Ltd, Cyient, Nexius, CHR Solutions, Datavision, CSS Corp, and Codetrue.
The network engineering services market consists of sales of network engineering services by entities (organizations, sole traders, and partnerships) that refer to planning, implementing, and managing computer networks that provide in-house phone, data, video, and wireless network services.
The network engineering services providers partner with consultants, telecom companies, corporations, ISP and others to prepare, develop, plan, and implement projects based on customer recommendations and requirements.
The main services of network engineering services include network assessment, network design, and network deployment. Network assessment refers to a thorough examination of the present IT infrastructure that presents an overview of the current environment and offers changes such as network consolidation, simplicity, or automation.
Small, medium and large enterprises use both wired and wireless network engineering services for their daily operational activities. The industries utilizing network engineering services include banking, financial services & insurance, telecom, information technology, healthcare, education, media & entertainment, energy & utilities, manufacturing, and other sectors.
North America was the largest region in the network engineering services market in 2021 and is expected to be the fastest-growing region in the forecast period. The regions covered in the network engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increased adoption of broadband will propel the growth of the network engineering services market. Broadband attributes to high-speed internet connectivity that is always quicker than typical dial-up access. It enables high-quality and rapid access to information, teleconferencing, data transfer, and other functions in various settings, including healthcare, education, and technical development.
Network engineering services create a balance between security and the rising need for computing that is fast, more effective, and more adaptable. Due to COVID-19 restrictive containment measures involving social distancing, remote working, and the closure of commercial activities, companies have rearranged their operations to initiate remote working that increased the adoption of broadband.
According to the Organisation for Economic Cooperation and Development (OECD), the demand for broadband communication services has skyrocketed since the COVID-19 crisis. Some providers reported a 60% increase in Internet traffic after the crisis. Therefore, the increase in the adoption of broadband is expected to boost demand for network engineering services during the forecast period.
Strategic Partnership is a key trend gaining popularity in the network engineering market. The companies operating in the network engineering services market are focusing on entering into a strategic partnership with relevant technology players to expand into new markets and leverage each other's resources.
The countries covered in the network engineering services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value (USD) in 2022 | $50.51 billion |
| Forecasted Market Value (USD) by 2026 | $76.07 billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Network Engineering Services Market Characteristics
3. Network Engineering Services Market Trends And Strategies
4. Impact Of COVID-19 On Network Engineering Services
5. Network Engineering Services Market Size And Growth
5.1. Global Network Engineering Services Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Network Engineering Services Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Network Engineering Services Market Segmentation
6.1. Global Network Engineering Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Network Assessment
- Network Design
- Network Deployment
6.2. Global Network Engineering Services Market, Segmentation By Transmission Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Wired
- Wireless
6.3. Global Network Engineering Services Market, Segmentation By Organization Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
6.4. Global Network Engineering Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Banking, Financial Services, and Insurance (BFSI)
- Telecom
- Information Technology
- Healthcare
- Education
- Media and Entertainment
- Energy and Utilities
- Manufacturing
- Others
7. Network Engineering Services Market Regional And Country Analysis
7.1. Global Network Engineering Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Network Engineering Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/gpmmpr
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