Network Engineering Services Market Size Will be $97 Bn by 2033

The global network engineering services market size was estimated to be around US$ 45 billion in 2023 and is projected to reach US$ 97 billion by 2033, indicating a CAGR of 8% from 2024 to 2033.

Key Takeaways

• North America contributed more than 32% of market share in 2023.
• Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
• By service type, the professional services segment has held the largest market share of 62% in 2023.
• By service type, the managed services segment is anticipated to grow at a remarkable CAGR of 18.7% between 2024 and 2033.
• By connection type, the wired segment generated over 58% of the market share in 2023.
• By connection type, the wireless segment is expected to expand at the fastest CAGR over the projected period.
• By end-user, the communication service providers segment generated over 66% of the market share in 2023.
• By end-user, the enterprises segment is expected to expand at the fastest CAGR over the projected period.

The Network Engineering Services Market is a dynamic sector that plays a pivotal role in designing, implementing, and maintaining robust communication infrastructures. These services encompass a broad spectrum, ranging from network planning and optimization to the deployment of cutting-edge technologies. As organizations increasingly rely on seamless connectivity for their operations, the demand for skilled network engineering services has witnessed a significant upswing.

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Growth Factors:

The growth of the Network Engineering Services Market is propelled by several key factors. Firstly, the escalating need for high-performance networks, driven by the proliferation of data-intensive applications and the advent of technologies like 5G, fosters a continuous demand for specialized engineering expertise. Additionally, the increasing complexity of network architectures, including the integration of cloud services, IoT, and edge computing, contributes to the expansion of this market. As businesses prioritize digital transformation, the role of network engineering services becomes indispensable in ensuring efficient and secure communication frameworks.

Network Engineering Services Market Scope

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Opportunities

Amidst the evolving landscape, numerous opportunities abound for stakeholders in the Network Engineering Services Market. The rising adoption of advanced networking solutions, such as SD-WAN (Software-Defined Wide Area Network) and network automation, presents avenues for service providers to offer innovative and efficient solutions. Furthermore, the surge in remote work arrangements has accentuated the need for resilient and scalable networks, opening up opportunities for companies to tailor their services to support the evolving demands of a distributed workforce. Strategic partnerships, especially with cloud service providers, offer another avenue for growth in this dynamic market.

Challenges

Despite the optimistic outlook, the Network Engineering Services Market faces its share of challenges. One prominent hurdle is the ever-present threat of cybersecurity breaches. As networks become more sophisticated, they also become attractive targets for cyberattacks. Ensuring the security and integrity of data transmissions is, therefore, a paramount concern. Additionally, the rapid pace of technological advancements necessitates continuous upskilling for professionals in the field, posing a challenge for both service providers and their clients. The need for seamless integration of diverse technologies within a network also poses a complexity that requires careful navigation.

Reasons to Purchase this Report:

• Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
• In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
• Market size in USD million and volume in million units provided for each segment and sub-segment.
• Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
• Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Network Engineering Services Market Companies

• Cisco Systems, Inc.
• Juniper Networks, Inc.
• Huawei Technologies Co., Ltd.
• Arista Networks, Inc.
• Nokia Corporation
• Hewlett Packard Enterprise (HPE)
• Dell Technologies, Inc.
• Extreme Networks, Inc.
• Ericsson AB
• Broadcom Inc.
• IBM Corporation
• F5 Networks, Inc.
• Palo Alto Networks, Inc.
• Fortinet, Inc.
• Check Point Software Technologies Ltd.

Segments Covered in the Report

By Service Type

• Professional Services
• Managed Services

By Connection Type

• Wired
• Wireless

By End-use

• Communication Service Providers (CSPs)
• Enterprises

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Network Engineering Services Market 

5.1. COVID-19 Landscape: Network Engineering Services Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Network Engineering Services Market, By Service Type

8.1. Network Engineering Services Market, by Service Type, 2024-2033

8.1.1 Professional Services

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Managed Services

8.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Network Engineering Services Market, By Connection Type

9.1. Network Engineering Services Market, by Connection Type, 2024-2033

9.1.1. Wired

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Wireless

9.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Network Engineering Services Market, By End-use 

10.1. Network Engineering Services Market, by End-use, 2024-2033

10.1.1. Communication Service Providers (CSPs)

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Enterprises

10.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Network Engineering Services Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.1.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.1.3. Market Revenue and Forecast, by End-use (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.1.4.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.1.4.3. Market Revenue and Forecast, by End-use (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.1.5.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.1.5.3. Market Revenue and Forecast, by End-use (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.2.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.2.3. Market Revenue and Forecast, by End-use (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.2.4.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.2.4.3. Market Revenue and Forecast, by End-use (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.2.5.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.2.5.3. Market Revenue and Forecast, by End-use (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.2.6.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.2.6.3. Market Revenue and Forecast, by End-use (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.2.7.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.2.7.3. Market Revenue and Forecast, by End-use (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.3.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.3.3. Market Revenue and Forecast, by End-use (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.3.4.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.3.4.3. Market Revenue and Forecast, by End-use (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.3.5.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.3.5.3. Market Revenue and Forecast, by End-use (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.3.6.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.3.6.3. Market Revenue and Forecast, by End-use (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.3.7.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.3.7.3. Market Revenue and Forecast, by End-use (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.4.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.4.3. Market Revenue and Forecast, by End-use (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.4.4.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.4.4.3. Market Revenue and Forecast, by End-use (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.4.5.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.4.5.3. Market Revenue and Forecast, by End-use (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.4.6.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.4.6.3. Market Revenue and Forecast, by End-use (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.4.7.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.4.7.3. Market Revenue and Forecast, by End-use (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.5.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.5.3. Market Revenue and Forecast, by End-use (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.5.4.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.5.4.3. Market Revenue and Forecast, by End-use (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Service Type (2021-2033)

11.5.5.2. Market Revenue and Forecast, by Connection Type (2021-2033)

11.5.5.3. Market Revenue and Forecast, by End-use (2021-2033)

Chapter 12. Company Profiles

12.1. Cisco Systems, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Juniper Networks, Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Huawei Technologies Co., Ltd.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Arista Networks, Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Nokia Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Hewlett Packard Enterprise (HPE)

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Dell Technologies, Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Extreme Networks, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Ericsson AB

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Broadcom Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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