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Network Consulting Service Market 2022 Key Players Data And Industry Analysis

09-20-2022 12:00 PM CET | IT, New Media & Software

Press release from: We Market Research

Network Consulting Service Market

Network Consulting Service Market

Network Consulting Service Market is presently valued at US$ 15 Million and is expected to record a CAGR of 6.87% over 2022-2030, thereby reaching a valuation of US$ 27 Million by 2030.

Network consulting services are deployed by organizations for the evaluation of their network infrastructure. These services also facilitate the creation of internet domains, optimization of information flow by increasing server capacity, and maintainece of secure servers. Moreover, network consulting solutions also helps firms to address the restraints and opportunities pertaining to their network and IT applications.

Primary expansion propellants and restraints of this marketplace

In this era of rapid technological evolution, enterprises need efficient technologies to ensuring privacy, security, and agility while functioning over a digital platform. This in turn has escalated the demand for network consulting services across the globe.

Moreover, rising requirement for enhanced network infrastructure and flexibility is creating lucrative growth avenues for the marketplace. Alongside, surging cognizance regarding the benefits offered by these services and increasing technology expenditure of organizations are positively swaying the industry dynamics.

Network consulting services help companies assess and enhance the performance of their network infrastructure in order to achieve their intended business results. Services for risk assessment, strategy, planning, and design of an organization's IT network infrastructure are provided by network consulting services.

Businesses need the right technology to provide agility and security while working on a digital platform; as a result, an important factor anticipated to propel the worldwide network consulting services market during the projected period is the growing need for technology implementation.

The market is anticipated to be driven by rising consumer awareness of network consulting services and a rising demand for flexible and upgraded network infrastructure.

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Segmental assessment of the industry

Based on type
• Network designing & planning
• Network testing
• Others
The network designing & planning segment is slated to amass notable gains owing to the rising need for businesses to have a secure and efficient network infrastructure.

In terms of enterprise size
• SMEs
• Large enterprises
The large enterprises segment is expected to garner significant returns over 2022-2030 due to their high technology expenditure mainly powered by the availability of adequate budget for the same.

By industry
• Healthcare
• Education
• Energy and Utilities
• IT and telecom
• Government
• Retail
• Others
The BFSI segment is expected to grow substantially over the stipulated timeline. This is ascribed to the surging need of financial institutions to have a secure network application so as to mitigate risks of cyberattacks and other monetary frauds.

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Which is the fastest growing region in the market vertical?

North America, Middle East & Africa, Latin America, Asia Pacific, and Europe are the major benefactors to the expansion of this industry. Among these, North America is projected to capture a high revenue share over 2022-2030 attributable to the presence of emerging players and widespread technological evolution.

Expounding the competitive terrain of global network consulting services market

The prominent players operating in the industry are CapGemini, Cisco Systems, Inc.; Huawei Technologies Co., Ltd., Unisys, IBM Corporation; FUJITSU, Hewlett Packard Enterprise, Ericsson, Alcatel-Lucent (Nokia), Dell, and Oracle.

The aforementioned companies are engaging into various business centric activities including mergers & acquisitions, new service launches, R&D investments, collaboration deals, and partnerships to amplify their reach and emerge as global leaders in the ensuing years.

COVID-19 Impact:

A global increase in COVID-19 cases is slowing down the economy and forcing many workers to work from home for the first time. The risk to network security has escalated due to this distant workforce. Businesses require the right technologies to support network infrastructure agility and security for remote working. Before making any additional changes to the network, firms can use network consulting services to identify their network risks and weaknesses. As a result, during the epidemic, network consulting services have become more popular. Consequently, COVID-19 has a favourable effect on the market for network consulting services.

Frequently Asked Questions:

• Who are the Key Players in the Network Consulting Services Market?
• What is the Future of the Network Consulting Services Market?
• Which is the Key Driver in the Network Consulting Services Market?

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About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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