Network Engineering Services Market Size, Share 2021-2028

Network Engineering Services Market: Overview

The Network Engineering Services Market accounted for USD 44.78 Billion in 2020 and is expected to reach USD 94.92 Billion by 2028, growing at a CAGR of 10.1% from 2021 to 2028.

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Network engineering services are used by a variety of organizations to keep networks connected in terms of data, calls, voice, video, and wireless networks. The service providers are responsible for designing, implementing, and running an organization's computer networks. These services are provided with the goal of providing the firms with the best network infrastructure, performance, and security. Service providers are in charge of implementing network configurations, troubleshooting performance, configuring security systems such as firewalls, and performing network monitoring.

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COVID-19 Impact Analysis

The Covid19 pandemic has significantly changed the momentum of the market. Due to unprecedented times, companies are reorganizing their operations. Since the companies are recovering from the impact of covid-19, all the operational hurdles and conflicts due to lockdowns, and the closure of commercial events have shown a sharp decline in most of the markets, unlike the Network engineering services market which saw a rise of 0.8 percent in growth due to the pandemic.

Network Engineering Services Market: Growth Factors

 The rise in the number of connected devices, the surge in the need for highly developed network infrastructure, and technological advancements in the field of Information and communications technology are a few of the major factors driving the market growth. Such services are widely used in the ICT industry, which is expected to drive the market for network infrastructure among numerous enterprises in the projected timeframe. With the implementation of IoT across industries and the evolution of the communication space, there is a growing demand for a highly advanced network infrastructure. Furthermore, the rising rate of broadband adoption in both developing and developed countries has resulted in the growth of the market.

Global Network Engineering Services Market Report Scope:

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Services Segment Analysis Preview

The services segment is expected to grow steadily at a CAGR of XX% during the forecast period.  In the network engineering services market, the network design services segment is expected to gain traction. Network design is an important component of network engineering services. The rapidly changing technology landscape necessitates that businesses stay up to date on the latest technologies in order to provide enhanced customer value propositions. As a result, the increasing demand for effective network design is expected to drive demand for network design engineering services.

Transmission Mode Segment Analysis Preview

Following the introduction of 5G and IoT, the wireless transmission mode segment is anticipated to grow at the fastest CAGR of over 13.5% during the forecast period. Wireless networks allow users to access information from any location within the range of their wireless connection, thereby increasing employee productivity. The wireless transmission mode is dependable, but when it is obstructed, the signal quality and range suffer. Furthermore, the obstruction could be caused by other devices that were added to the system.

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Network Engineering Services Market: Regional Analysis Preview

North America accounted for a share of over 30% in 2020. Over the last decade, North America has emerged as the largest industry in terms of market size and large-scale telecom implementations. From 2020 to 2028, North America is expected to hold the largest market share and dominate the network engineering services market. This region is receptive to new and emerging technologies. Furthermore, its strong financial position enables it to invest heavily in the adoption of cutting-edge tools and technologies to ensure efficient business operations.

Asia Pacific is projected to grow at a CAGR of over 9.2% during the forecast period. During this period, rising ICT investments in Asia Pacific are expected to boost demand for network engineering services. Asia-Pacific is expected to reach USD 8.2 Billion by the year 2028.Technological advancements and automation have changed the way customers interact and engage with businesses across industries. The network has become an essential component of every organization, necessitating frequent network infrastructure upgrades in order to remain competitive.

Network Engineering Services Market: Key Players & Competitive Landscape

Some of the key players in the Network Engineering Services market are Aviat Networks Inc, Accenture PLC, Dell EMC, Cisco Systems Inc, Fujitsu Ltd, Ericsson AB, Huawei Technologies Co. Ltd, IBM Corporation, Juniper Networks Inc, Mphasis Ltd, and Tech Mahindra Ltd among others. Some of the recent developments include Wipro, an Indian software services exporter, who paid $80 Million for Eximius Design in 2020. Wipro's market presence in the semiconductor ecosystem is expected to be strengthened as a result of the acquisition. Eximius Design is a California-based engineering services firm specializing in ASIC design, systems engineering, and software development. Eximius Design was founded in 2013 and has design centers in the United States, India, and Malaysia.

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The network engineering services market is segmented as follows:

By Service Type

• Network Assessment
• Network Design
• Network Deployment

By Transmission Mode

• Wired
• Wireless

By Organization Size

• Large Enterprises
• Small and Medium sized Enterprises

By Industry Type

• Banking, Financial Services, and Insurance (BFSI)
• Information Technology
• Education
• Telecom
• Healthcare
• Energy and Utilities
• Media and Entertainment
• Manufacturing
• Retail
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa