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Network Engineering Services Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

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Network Engineering Services Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

October 19
16:15 2022
Network Engineering Services Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027
Cisco (US), IBM (US), Ericsson (Sweden), Huawei (China), Juniper Networks (US), HCL Technologies (India), Infosys (India), NTT Global Networks (US), Fujitsu (Japan), Cyient (Hyderabad), CSS Corp (US), Accenture (Ireland), Aviat Networks (US), AT&T (US), Wipro (India), TCS (India), Tech Mahindra (India), Mphasis (India), CODETRU (US), Inspira Enterprise (India).
Network Engineering Services Market by Service Type (Network Assessment, Network Design, Network Deployment), Transmission Mode (Wired, Wireless), Organization Size (Large Enterprises, SMEs), Vertical and Region – Global Forecast to 2027

The global Network Engineering Services Market size is expected to grow from USD 48.7 billion in 2022 to USD 76.3 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.

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The increase in network traffic and the need to support the technology demand is creating opportunities for network assistance. The much-need help to businesses for optimizing the network functionality and availability to achieve business goals by identifying the network’s capabilities, security vulnerabilities, and helping existing infrastructure to support new technologies, an increasing need to deploy networks tailored to meet current and future traffic demands are continuously creating demand for advanced network design adoption. The evolution in hybrid connectivity technology, cloud inclusion, secure remote access, and the need for effective network design drive the demand for network design engineering services.

Based on service type, the network deployment segment is projected to hold the largest market size during the forecast period

Network deployment helps enterprises to deploy new network ecosystems effectively and network solutions or applications in such a way that there is reduced disruption of work during deployment. Network deployment services assist in developing the network implementation plan based on developed detailed design, requirements, operational readiness, site requirements, installation solutions available, and other solution requirements. The network deployment process includes accurate scheduling of each site-specific action that is required prior to implementation; cloud and other platform requirements; third-party assistance and management; equipment delivery; assemble the components at each site; configure devices as appropriate; physical installation; the regulatory and industry compliances; and hardware, software, and integration testing.

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The major players in the network engineering services market include Cisco (US), IBM (US), Ericsson (Sweden), Huawei (China), Juniper Networks (US), HCL Technologies (India), Infosys (India), NTT Global Networks (US), Fujitsu (Japan), Cyient (Hyderabad), CSS Corp (US), Accenture (Ireland), Aviat Networks (US), AT&T (US), Wipro (India), TCS (India), Tech Mahindra (India), Mphasis (India), CODETRU (US), Inspira Enterprise (India), Advance Digital Systems (US), Nexius (US), Hughes Systique (US), CHR Solutions (US), Velocis Systems (India), IMMCO (US), Sincera (US), and Vertikal6 (US). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2018 to 2021, which helped companies innovate their offerings and broaden their customer base.

IBM is one of the leading providers of hardware, software, and a broad range of infrastructure, hosting, cloud, and consulting solutions. It operates through six business segments: technology solutions and cloud platforms, cognitive solutions, global business solutions, systems, global financing, and others. It offers a diversified product portfolio that ranges from software to finances and storage to integrated systems. The company’s network management products offer a comprehensive solution for enterprise network monitoring and management needs. It provides detailed network discovery, device monitoring, topology visualization, and root cause analysis capabilities. These solutions can be extensively customized and configured to manage different networks. IBM provides solutions to various verticals, such as IT, healthcare and life sciences, government, telecom, automobile, manufacturing, consumer goods, chemicals and petroleum, electronics, energy & power, media & entertainment, mining, retail, BFSI, travel & transportation, and education. IBM has a presence in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Huawei is a leading global provider of information and communications technology infrastructure. It is committed to digitalizing organizations in a fully connected world. It has a wide range of products that cater to connectivity, cloud computation, telecommunication, and other solutions. It has operated in more than 170 countries and has approximately 195,000 employees; over 267 Fortune Global 500 companies adopted Huawei solutions and services. It offers a diverse computing power to deliver ubiquitous cloud and intelligence. In the network engineering services market, the company offers different services under its Network Design and Implementation Service portfolio. It includes WAN/Campus Data Communication Planning and Design Service, SDN Planning, Design, and Implementation Service, Mobile Network Planning, Design, and Implementation Service and Enterprise Transmission & Access Network Planning, Design, and Implementation Service.

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