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Network Engineering Services Market Analysis 2023: Market Size, Statistics, Growth And Forecast To 2032 | Ericsson, Huawei, Juniper Networks, IBM Corporation, Aviat Networks
Network Engineering Services Market
The Business Research Company's Network Engineering Services Global Market Report 2023 identifies increased adoption of broadband as the major driver for the Network Engineering Services market's growth in the forecast period. 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.
The global network engineering services market size grew from $50.06 billion in 2022 to $55.76 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The network engineering services market size is expected to grow to $80.49 billion in 2027 at a CAGR of 9.6%.
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Major competitors in the Network Engineering Services market are Ericsson, Huawei, Juniper Networks, IBM Corporation, Aviat Networks.
A key trend in the Network Engineering Services market includes Strategic Partnership. 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.
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The Network Engineering Services market is segmented -
1. By Service Type: Network Assessment, Network Design, Network Deployment
2. By Transmission Mode: Wired, Wireless
3. By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4. By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Telecom, Information Technology, Healthcare, Education, Media and Entertainment, Energy and Utilities, Manufacturing, Other Industry Verticals
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Network Engineering Services market.
The Business Research Company's "Global Network Engineering Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Network Engineering Services Market Include:
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. Network Engineering Services Market Size And Growth
……
26. Africa Network Engineering Services Market
27. Network Engineering Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network Engineering Services Market
29. Network Engineering Services Market Future Outlook and Potential Analysis
30. Appendix
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