The global network engineering services market revenue was around US$ 52.9 billion in 2023 and is estimated to reach US$ 125.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.1% during the forecast period from 2024 to 2032.
Network engineering is an essential engineering discipline that encompasses particular features of digital services and networks. The demand for worldwide digital services and networks has augmented the growth and requirement for engineering graduates with core digital networking skills. Also, network engineering services are used by different organizations to support the connectivity of networks in terms of calls, voice, data, videos, and wireless networks.
Factors Influencing Market Growth
The augmented need for new highly evolved network infrastructure, the rising number of connected devices, and the technological improvements in the field of Information and Communications Technology (ICT) are the major factors propelling the growth of the market.
- The reliance on the rising data-based services on web hosting drives the growth of the network engineering services market.
- The high cost of the upgradation of software is limiting the network engineering services market.
- The introduction of cutting-edge networking solutions is anticipated to offer major growth opportunities for the growth of the network engineering services market.
Impact of COVID-19
The impact of the COVID-19 pandemic had a moderate to significant influence on the growth of the network engineering services market. Many businesses began working remotely, which augmented the need for broadband connections. Also, there was a growth in network providers across different countries, which boosted the value of the network and highly impacted the market. The quick adoption of cloud networking to improve agility while working supported the growth of the network engineering services market.
Regional Analysis
In 2023, North America dominated the global network engineering services market in terms of revenue and is anticipated to maintain its position during the forecast period. This is because of its transforming communications and technology sector which is anticipated to propel the growth of the market for network engineering services within this region during the forecast period.
Also, Asia-Pacific is anticipated to notice significant growth during the forecast period because of its rising digital abilities and a highly competitive market space, which is expected to boost the growth of the network engineering services industry in the Asia-Pacific region in the future.
Leading Companies
The leading prominent companies profiled in the global network engineering services market are: -
- Cyient
- Datavision, Inc.
- Imagit Inc
- Infosys Limited
- Integration International, Inc.
- Mphasis
- PCS Technologies Inc.
- Sincera Consulting LLC
- Softnautics
- TATA Communications
- Other prominent key players
Segmentation Outline
The global network engineering services market segmentation focuses on Service Type, Connectivity, Enterprise Size, Industry Vertical, and Region.
Segmentation based on Service Type
- Network Design
- Network Deployment
- Network Assessment
Segmentation based on Connectivity
- Wireless
- Wired
Segmentation based on Enterprise Size
- Large Enterprise
- Small and Medium Enterprise
Segmentation based on Industry Vertical
- BFSI
- IT and Telecom
- Healthcare
- Manufacturing
- Education
- Media and Entertainment
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa