The Network Engineering Services by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Network Engineering Services , The network engineering services market size has grown strongly in recent years. It will grow from $53.39 billion in 2023 to $58.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growth of internet usage and data traffic, explosion of mobile devices and connectivity, globalization and distributed workforces, enterprise digital transformation, cloud computing adoption..
The network engineering services market size is expected to see rapid growth in the next few years. It will grow to $85.49 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to demand for skilled network engineers, adoption of advanced network analytics, global connectivity and network integration, increasing complexity of network environments, focus on sustainable and green networking.. Major trends in the forecast period include green networking and energy efficiency, adoption of intent-based networking, compliance with regulatory standards, network slicing for customized services, remote workforce connectivity..
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. For instance, in December 2022, according to the Information Technology and Innovation Foundation, a U.S. nonprofit public policy organisation, by 2021, 81.9% of households would have internet access, with 83.4% of that through a broadband subscription, and in the US, 90 percent of households currently subscribe to broadband. Therefore, the increase in the adoption of broadband is expected to boost demand for network engineering services during the forecast period.
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The network engineering services market covered in this report is segmented –
1) Network Engineering Services Market By Service Type: Network Assessment, Network Design, Network Deployment
2) Network Engineering Services Market By Transmission Mode: Wired, Wireless
3) Network Engineering Services Market By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4) Network Engineering Services Market By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Telecom, Information Technology, Healthcare, Education, Media and Entertainment, Energy and Utilities, Manufacturing, Other Industry Verticals
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. In June 2021, L&T Technology Services Limited, an India-based engineering services company, entered into a partnership with Mavenir to deliver end-to-end 5G automation services. Mavenir is a US-based telecommunications software company creating the future network with cloud-native software that operates on any cloud.
The network engineering services market report table of contents includes:
1. Executive Summary
2. Network Engineering Services Market Characteristics
3. Network Engineering Services Market Trends And Strategies
4. Network Engineering Services Market - Macro Economic Scenario
5. Global Network Engineering Services Market Size and Growth
......
31. Global Network Engineering Services Market Competitive Benchmarking
32. Global Network Engineering Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Network Engineering Services Market
34. Network Engineering Services Market Future Outlook and Potential Analysis
35. Appendix
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The report "Network Engineering Services Market by Service Type (Network Assessment, Network Design, and Network Deployment), Transmission Mode (Wired and Wireless), Vertical (BFSI, Telecom, IT, Healthcare), Organization Size, and Region - Global Forecast to 2022", The network engineering services market size is expected to grow from USD 34.35 Billion in 2017 to USD 54.69 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.
Technology Readiness for competitive products and services, network investment optimization, advent of Internet of Things (IoT), and growing demand for high speed and large network coverage are the driving factors for the network engineering services market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56168897Telecom vertical is expected to hold the largest market size during the forecast periodThe telecom vertical comprises telecommunications organizations and Internet Service Providers (ISPs).
With voluminous data generated from millions of subscribers who stream terabytes of videos, music, and social networking every day, enterprises are facing various challenges, such as high network load, and the increasing demand for network bandwidth.
The telecom vertical manages several mobile devices and broadband networks and technologies, such as video streaming and IoT, which are transforming the overall communication infrastructure and networking scenario.
Network engineering services in the telecom vertical help the network carriers in ensuring enhanced communication performance.SMEs segment is expected to grow at a higher CAGR during the forecast period.The entry of small vendors in the network engineering services market has provided an opportunity for SMEs to avail inexpensive solutions.
The increased competitive market scenario has also encouraged SMEs to invest in network engineering services for better quality network performance, and to make effective decisions for their business growth.
Global Network Engineering Services Market 2021 is a complete research study that portrays the present Network Engineering Services industry situations.
All the major Network Engineering Services regions and their contribution to the global market share are analyzed comprehensively.
A detailed description related to supply chain structure, Network Engineering Services market size, consumer volume, and import/export scenario has been covered in this report.
Analysis of major Network Engineering Services players, their company profile, market volume, Network Engineering Services production capacity, competitive landscape study will provide a complete picture of Network Engineering Services industry.Request for a sample copy of this report: https://techmarketreports.com/report/network-engineering-services-market/#requestForSample Major dominant companies are listed below:Cisco Systems, Accenture, Ericsson, Huawei, Fujitsu, Dell, Juniper Networks, IBM, Aviat Networks, Mphasis, Tech MahindraProduct Categories 2021:Network Assessment, Network Design, Network DeploymentProduct End-use Applications:Banking, Financial Services, and Insurance (BFSI), Telecom, Information Technology, Healthcare, Education, Media and Entertainment, Energy and Utilities, ManufacturingDo you have any questions?
The competitive landscape mapping the trends and outlooks in the report highlights a clear insight into the market share analysis of the major industry players.The Network Engineering Services market 2021 report shows the competitive scenario of the major market players depending on sales revenue, customer requests, organization profile and business tactics used in the market that will help to emerge market segments to make vital business decisions.
This study also covers the top company profile, product specifications and image, market share and contact information for various regional, worldwide and local vendors in the global Network Engineering Services market.Top Geographical regions (2022-2031):- North America (US, Canada, and Mexico)- Europe (Germany, France, UK, Russia, Italy, Spain, and Rest of Europe)- Asia-Pacific (China, Japan, Korea, India, and Rest of Asia)- Latin America (Brazil, Argentina, and the Rest of Latin America)- The Middle East and Africa (GCC, South Africa, Israel, and Rest of MEA)Buy now this premium report to grow your firm : https://techmarketreports.com/purchase-report/?reportId=136142Reasons to Investment this Report:1.
