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Key Trends Reshaping the Networking Support Services Market: Technological Advancements Reshape The Landscape Of Networking Support Services Market Industry Transformation
Networking Support Services Market Size
Networking Support Services Market Size Growth Forecast: What to Expect by 2025?
The market size of networking support services has seen a robust growth in the past few years. The market is predicted to expand from $899.37 billion in 2024 to an approximate $965.44 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The growth during the historic period can be traced back to factors such as the increasing intricacy of network infrastructures, growing reliance on digital communication, security issues and increasing cyber threats. Business growth and globalization, changes in work practices, and remote collaboration are also contributing to this expansion.
How Will the Networking Support Services Market Size Evolve and Grow by 2029?
We predict a robust expansion in the networking support services market over the foroming years. The market value is forecasted to increase to $1320.26 billion in 2029 with an 8.1% compound annual growth rate (CAGR). The rise in this period can be linked to the adoption of services based in the cloud, a heightened focus on data privacy and compliance, integration of cutting-edge technologies, transition to hybrid work arrangements, and concentration on optimizing network performance. Significant trends to look out for in this forecast period encompass the implementation of 5g and the broadening of IoT, emphasis on customer satisfaction, globalization and transnational networking, initiatives for green networking, and the necessity for addressing skills gaps and training requirements.
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What Drivers Are Propelling the Growth of Networking Support Services Market Forward?
The escalating need for cloud-based solutions is predicted to spur the expansion of the networking support services market in the future. Cloud-based solutions essentially refer to a service model that offers computing resources as required via the internet, allowing users to access as much resources as they require on a usage-based payment model. Networking support services utilize cloud-based solutions to grant organizations the capability, visibility, and scalability needed to run distributed cloud and onsite user-specific networks to improve security, and site infrastructure. For example, in 2022, a report by Thales Group, an IT firm based in France, revealed that nearly 98% of companies store some of their data in the cloud, and around 60% of all business data resides in cloud storage. As such, with growing demand for cloud-based solutions, the networking support service market is poised for significant growth.
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Which Emerging Trends Are Transforming the Networking Support Services Market in 2025?
The adoption of new technologies through continuous advancements is considered a prominent trend gaining momentum in the networking support service market. To maintain their market standing, many prominent firms in this sector are embracing emerging technologies. For instance, Ciena, a leading telecom networking equipment and software services company from the U.S., introduced a novel technology known as Colt Technology Services (Colt) in March 2023. Colt is engineered to be fully programmable, offering immense adaptability and adjustability. The principal objective of the Colt IQ Network is to deliver on-demand high-bandwidth connectivity. Equipped with features like Zero-Touch Provisioning (ZTP), automatic network discovery, real-time network monitoring and accessibility, Colt simplifies the processes of implementation, operation and problem-solving.
What Are the Key Segments in the Networking Support Services Market?
The networking support services market covered in this report is segmented -
1) By Type: LAN-As-A-Service, WAN-As-A-Service
2) By Deployment Type: On-Premise, Cloud
3) By Organization Size: Small And Medium Enterprises(SMEs), Large Enterprises
4) By End-User Industry: Banking, Financial Services And Insurance (BFSI), IT And Telecommunication, Government And Public Sector, Healare And Life Sciences, Manufacturing, Retail And Consumer Goods, Transportation And Logistics, Other End-User Industries
Subsegments:
1) By LAN-As-A-Service (Local Area Network): Managed LAN Services, Network Security Services, Wireless LAN Solutions
2) By WAN-As-A-Service (Wide Area Network): Managed WAN Services, SD-WAN Solutions, WAN Optimization Services
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Who Are the Key Players Shaping the Networking Support Services Market's Competitive Landscape?
Major companies operating in the networking support services market include Cisco Systems Inc., Verizon Communications Inc., AT&T Inc., Cloudflare Inc., International Business Machines Corporation, DXC Technology Company, Hewlett Packard Enterprise Ltd., Arista Networks Inc., Dell Inc., Extreme Networks Inc., Juniper Networks Inc., NetScout Systems Inc., Riverbed Technology LLC, VMware Inc., Check Point Software Technologies Ltd., Palo Alto Networks Inc., Ciena Corporation, Huawei Technologies Co. Ltd., F5 Networks Inc., Citrix Systems Inc., Infosys Limited, Wipro Limited, HCL Technologies Ltd., Tech Mahindra Pvt. Ltd., Tata Consultancy Services Ltd., Cognizant Technology Solutions Corporation, Red Hat Inc., Splunk Inc., Proofpoint Inc., Symantec Corporation
What Geographic Markets Are Powering Growth in the Networking Support Services Market?
North America was the largest region in the networking support service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the networking support services market report during the forecast period. The regions covered in the networking support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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