May 20, 2024
ICT

Network Engineering Services Market Size to Reach $97 Bn by 2033

The network engineering services market size is poised to grow by USD 97 billion by 2033 from USD 45 billion in 2023, exhibiting a CAGR of 8% during the forecast period 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.

Network Engineering Services Market Size 2024 to 2033

The Network Engineering Services Market encompasses a range of services focused on designing, implementing, and maintaining network infrastructures for businesses and organizations. These services often include network planning, configuration, optimization, troubleshooting, and security implementation. With the increasing reliance on digital communication and connectivity across industries, the demand for network engineering services continues to grow steadily. Companies seek reliable and efficient network solutions to support their operations, enhance productivity, and ensure seamless connectivity for employees, customers, and partners.

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Growth Factors:

Several factors contribute to the growth of the Network Engineering Services Market. One significant driver is the rapid technological advancements in networking technologies such as 5G, SD-WAN (Software-Defined Wide Area Networking), cloud computing, IoT (Internet of Things), and edge computing. These innovations necessitate specialized expertise in designing and managing complex network infrastructures. Additionally, the expanding digitalization of businesses and the proliferation of connected devices fuel the demand for robust, scalable, and secure networks. Moreover, the increasing adoption of remote work models amplifies the need for reliable network connectivity and remote access solutions, further driving the growth of network engineering services.

Network Engineering Services Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 8%
Global Market Size in 2023 USD 45 Billion
Global Market Size by 2033 USD 97 Billion
U.S. Market Size in 2023 USD 10.08 Billion
U.S. Market Size by 2033 USD 21.86 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Service Type, By Connection Type, and By End-use
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Open RAN Market Size to Attain USD 32 Billion by 2033

Opportunities

The Network Engineering Services Market presents various opportunities for service providers to capitalize on emerging trends and market demands. One notable opportunity lies in offering specialized services tailored to specific industries or niche markets, such as healthcare, finance, manufacturing, or education. By understanding industry-specific requirements and compliance standards, network engineering firms can develop customized solutions that address unique challenges and deliver added value to clients. Additionally, the integration of advanced technologies like AI (Artificial Intelligence) and machine learning into network management processes presents opportunities to enhance automation, predictive analytics, and proactive network monitoring, thereby improving efficiency and reducing downtime.

Challenges

Despite the growth prospects, the Network Engineering Services Market also faces several challenges that require careful navigation. One significant challenge is the constantly evolving threat landscape, with cybersecurity threats becoming increasingly sophisticated and pervasive. Ensuring robust network security measures and staying ahead of emerging threats require continuous investment in cybersecurity expertise, tools, and protocols. Moreover, the complexity of modern network environments, characterized by hybrid infrastructures spanning on-premises, cloud, and edge environments, poses challenges in network design, integration, and management. Network engineering firms must navigate these complexities while maintaining agility and scalability to meet evolving client needs and technological advancements. Additionally, the shortage of skilled network engineers and the need for ongoing training and certification programs present challenges in talent acquisition and retention within the industry. Addressing these challenges requires proactive strategies, collaboration, and a commitment to staying abreast of technological developments and best practices in network engineering.

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.

Data Sources and Methodology

To gather comprehensive insights on the Global Network engineering services Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Network engineering services Market.

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Market Segmentation:

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

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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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