Network Engineering Services Market Share

Global Network Engineering Services Market  Overview:

Network Engineering Services Market Size was valued at USD 38.40 billion in 2023. The network engineering services market industry is projected to grow from USD 42.01 Billion in 2024 to USD 86.19 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.40% during the forecast period (2024 - 2032). Increasing Investments in loT Devices and Trend of Connected Wearable Gaining Momentum are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Network Engineering Services Market Trends

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  Increasing emphasis on technological evolution drives market growth

  
  

Market CAGR for network engineering service is being driven by the increasing focus on technology evolution, growing diversity of technology solutions and thus customer requirements, increase in demand for Internet of Things, proliferation of smooth and high-speed wireless communication, and rising network investments are key factors driving the network engineering services market.

Network investments are becoming increasingly important in driving performance, particularly for communication service providers (CSPs). All key vendors are planning and optimizing networking technology with the impact on capital investment, operational expense, and overall performance in mind. Network engineering is the primary focus of software-defined networking (SD), network functions virtualization (NFV), and massively distributed computing. For networking technology, various technologies such as wireless data links for drones, ambient backscatter, 4D networks, and so on have emerged.

Additionally, new technology and applications are introduced on a regular basis to ensure the smooth operation of an organization. Computer network engineering is required to maintain and ensure proper information and communication execution within and outside the organization. The network engineering services market for operations is expected to grow in the near future due to the need to streamline network operations around the world and quickly resolve networking operations-related issues.

Network Engineering Services Market Segment Insights:

Network Engineering Services Type Insights

The Network Engineering Services Market segmentation, based on type includes network assessment, network design, and network deployment. Due to its tailored approach based on the network, the network design segment accounted for the biggest revenue share in 2022. Network design comprises examining, comprehending, and scoping the network to be deployed. The expanding number of consumer electronic products and services, including as smartwatches and OTT platforms, has generated a large amount of data that must be adapted and managed for better performance, which is likely to fuel network design service segment growth. Furthermore, network design creates a physical network and specifies network kinds and equipment needed for deployment, such as routers, servers, and switches.

Figure1: Network Engineering Services Market, by type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Network Engineering Services Verticals Insights

The Network Engineering Services Market segmentation, based on verticals, includes telecom, banking, financial services, education, energy and utilities, healthcare, verticals. The banking category is expected to dominate the market over the forecast period due to expanding digitalization and increased acceptance of open banking. Consumer transition from direct cash payment to various application programming interfaces (APIs) such as e-wallet, net banking, and e-bill payments has raised financial businesses' growth and improved competitive advantage among other organizations, driving market expansion.

Network Engineering Services Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The biggest market for network engineering services is North America. Due to its well-established IT hub and the adoption of cutting-edge technology by numerous enterprises, it is anticipated to grow more quickly over the projection period.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Network Engineering Services Market SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s network engineering services market accounts for the second-largest market share, because of the introduction of wireless networks, users can now access information virtually anywhere that has a wireless connection, which has increased employee productivity. Further, the German network engineering services market held the largest market share, and the UK network engineering services market was the fastest-growing market in the European region

The Asia-Pacific Network Engineering Services Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising demand for new network infrastructure supporting various applications. Moreover, China’s network engineering services market held the largest market share, and the Indian network engineering services market was the fastest-growing market in the Asia-Pacific region.

Network Engineering Services Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D in order to expand their product lines, which will help the network engineering services market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, network engineering services industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global network engineering services industry to benefit clients and increase the market sector. In recent years, the network engineering services industry has offered some of the most significant advantages to medicine. Major players in the network engineering services market, including Tech Mahindra (India), Mphasis (India), CODETRU (US), Inspira Enterprise (India), Advance Digital Systems (US), Nexius (US) and others, are attempting to increase market demand by investing in R&D operations.

Telefonaktiebolaget LM Ericsson (lit. "LM Ericsson Telephone Stock Company"), also known as Ericsson, is a Swedish multinational networking and telecommunications firm headquartered in Stockholm. The company supplies information and communications technology infrastructure, software, and services to telecommunications service providers and companies, including 3G, 4G, and 5G equipment, as well as Internet Protocol (IP) and optical transport systems. The corporation employs around 100,000 people and operates in over 180 countries. Ericsson has received almost 57,000 patents. In September 2022, Ericsson unveiled the Radio 6646, a revolutionary triple-band, tri-sector radio. The company claims that it can replace nine radios while consuming 40% less energy and weighing 60% less than competing products. The radio supports stable networks.

Sky Max is a British pay television channel that debuted with Sky Showcase on September 1, 2021. Sky Group, a Comcast company, owns and operates it. On July 28, 2021, the channel was announced to replace Sky One, which had been on the air for nearly 40 years. It broadcasts the entertainment and drama output that was previously seen on Sky One, with the majority of the comedic output relocated to Sky comedic. Sky Serie, an Italian equivalent of Sky Max, debuted on July 1, 2021, with significantly different programming. In August 2022: SkyMax network limited and Ericsson signed a memorandum of understanding for two years to establish a corporation developing a next-generation 5G broadband network across sub-Saharan Africa.

Key Companies in the network engineering services market include

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  Cisco (US)

  
  


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  IBM (US)

  
  


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  Ericsson (Sweden)

  
  


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  Huawei (China)

  
  


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  Juniper Networks (US)

  
  


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  HCL Technologies (India)

  
  


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  Infosys (India)

  
  


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  NTT Global Networks (US)

  
  


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  Fulitsu (Japan)

  
  


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  Cyient (Hyderabad)

  
  


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  CSS Corp (US) Accenture (Ireland)

  
  


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  Aviat Networks (US)

  
  


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  AT&T (US)

  
  


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  Wipro (India)

  
  


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  TOS (India)

  
  

Network Engineering Services Industry Developments

January 2023: Customers may manage their AWS Transit Gateway networks using the new AWS Transit Gateway Network Manager service, a cloud-based solution. Customers may quickly configure and administer their networks with the help of the service, which offers a comprehensive overview of all Transit Gateway resources.

February 2023: Three new telecom solutions from Google Cloud have been released to assist communication service providers (CSPs) in digitally transforming their networks using hybrid-cloud concepts and to open up new revenue streams.

May 2023: The Juniper Mist Access Assurance service, the newest addition to Juniper Networks' acclaimed AI-driven enterprise portfolio, was just made public. The network access control (NAC) and policy management capabilities of Juniper's wired access, wireless access, indoor location, SD-WAN, and secure client-to-cloud portfolio are now available through this new service, which makes use of Mist AI and a contemporary microservices cloud. The end result is remarkable operational savings together with unmatched automation, insight, and assurance for enhanced access control and policy enforcement.

Network Engineering Services Market Segmentation:

Network Engineering Services Market Type Outlook

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  Network Assessment

  
  


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  Network Design

  
  


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  Network Deployment

  
  

Network Engineering Services Market Vertical Outlook

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  Telecom

  
  


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  Banking

  
  


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  Financial services

  
  


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  Education

  
  


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  Energy and utilities

  
  


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  Healthcare

  
  

Network Engineering Services Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  

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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America