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.
The increasing number of connected devices, the increased requirement for new highly developed network infrastructure, and technological advancements in the field of Information and Communications Technology (ICT) are the major factors driving the market forwards. Such services are widely used in the ICT industry, which is expected to drive the market for network infrastructure among various businesses even further. With the growth of IoT across industries and the growth of communications technologies, there is a rising demand for advanced network infrastructure. In addition, the dependence of growing data-based services on web hosting propels the growth of the market. However, the major restraint of the network engineering services market is the high price of the upgradation of software. Contrarily, the introduction of advanced networking solutions is expected to provide major opportunities for the growth of the market. All major vendors such as Infosys and Accenture are designing and improving networking technologies with the impact on capital investment, operational expense, and overall performance in mind. Network engineering is the focus of software-defined networking (SDN), network functions virtualization (NFV), and massively distributed computing. Various networking technologies have evolved, such as wireless datalinks for drones, ambient backscatter, 4D network, and so on. Therefore, these factors are expected to provide numerous opportunities for the expansion of the network engineering services market during the forecast period.
The network engineering services market is segmented on the basis of service type, connectivity, enterprise size, industry vertical, and region. By service type, it is segmented into network design, network deployment, and network assessment. By connectivity, the market is divided into wired, and wireless. By enterprise size, it is bifurcated into large enterprise, and small and medium enterprise. By industry vertical, it is segmented into BFSI, IT & telecom, healthcare, manufacturing, education, media & entertainment, and others. By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The report analyzes the profiles of key players operating in the network engineering services market such as Cyient, Datavision, Inc., Imagit Inc, Infosys Limited, Integration International, Inc., Mphasis, PCS Technologies Inc., Sincera Consulting LLC, Softnautics, and TATA Communications. These players have adopted various strategies to increase their market penetration and strengthen their position in the network engineering services industry.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global network engineering services market for the period 2021-2031 is provided to determine the market potential.
The increasing number of connected devices, the increased requirement for new highly developed network infrastructure, and technological advancements in the field of Information and Communications Technology (ICT) are the major factors driving the market forwards. Such services are widely used in the ICT industry, which is expected to drive the market for network infrastructure among various businesses even further. With the growth of IoT across industries and the growth of communications technologies, there is a rising demand for advanced network infrastructure. In addition, the dependence of growing data-based services on web hosting propels the growth of the market. However, the major restraint of the network engineering services market is the high price of the upgradation of software. Contrarily, the introduction of advanced networking solutions is expected to provide major opportunities for the growth of the market. All major vendors such as Infosys and Accenture are designing and improving networking technologies with the impact on capital investment, operational expense, and overall performance in mind. Network engineering is the focus of software-defined networking (SDN), network functions virtualization (NFV), and massively distributed computing. Various networking technologies have evolved, such as wireless datalinks for drones, ambient backscatter, 4D network, and so on. Therefore, these factors are expected to provide numerous opportunities for the expansion of the network engineering services market during the forecast period.
The network engineering services market is segmented on the basis of service type, connectivity, enterprise size, industry vertical, and region. By service type, it is segmented into network design, network deployment, and network assessment. By connectivity, the market is divided into wired, and wireless. By enterprise size, it is bifurcated into large enterprise, and small and medium enterprise. By industry vertical, it is segmented into BFSI, IT & telecom, healthcare, manufacturing, education, media & entertainment, and others. By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The report analyzes the profiles of key players operating in the network engineering services market such as Cyient, Datavision, Inc., Imagit Inc, Infosys Limited, Integration International, Inc., Mphasis, PCS Technologies Inc., Sincera Consulting LLC, Softnautics, and TATA Communications. These players have adopted various strategies to increase their market penetration and strengthen their position in the network engineering services industry.
Key Benefits For Stakeholders
The study provides an in-depth analysis of the global network engineering services market along with the current trends and future estimations to elucidate imminent investment pockets.Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global network engineering services market for the period 2021-2031 is provided to determine the market potential.
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Key Market Segments
By Service Type
- Network Design
- Network Deployment
- Network Assessment
By Connectivity
- Wireless
- Wired
By Enterprise Size
- Large Enterprise
- Small and Medium Enterprise
By Industry Vertical
- BFSI
- IT and Telecom
- Healthcare
- Manufacturing
- Education
- Media and Entertainment
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Infosys Limited
- Sincera Consulting LLC
- Integration International, Inc.
- TATA Communications
- Imagit Inc
- Softnautics
- Cyient
- Mphasis
- Datavision, Inc.
- PCS Technologies Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NETWORK ENGINEERING SERVICES MARKET, BY SERVICE TYPE
CHAPTER 5: NETWORK ENGINEERING SERVICES MARKET, BY CONNECTIVITY
CHAPTER 6: NETWORK ENGINEERING SERVICES MARKET, BY ENTERPRISE SIZE
CHAPTER 7: NETWORK ENGINEERING SERVICES MARKET, BY INDUSTRY VERTICAL
CHAPTER 8: NETWORK ENGINEERING SERVICES MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the network engineering services market was valued at $43.7 billion in 2021, and is estimated to reach $111.7 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031.The Network Engineering Services Market is likely to experience a significant growth rate of 10.1% from 2022-2031 owing to increasing market demand from the IT & Telecom sector and rise in connected devices.
Network engineering is an important emerging engineering discipline that encompasses specific features of the digital network and services. The growth of the worldwide digital network and services has increased the demand and need for engineering graduates with core digital networking skills. Network engineering services are utilized by various organizations to maintain the connectivity of networks in terms of data, calls, voice, videos, and wireless networks.
Increasing network traffic and the need to support technology demands create opportunities for network assistance. Companies must optimize network performance and availability to achieve business goals by identifying network performance, security vulnerabilities, and assisting existing infrastructure with new technologies and support. There is an increasing need to deploy networks that are configured to meet current and future traffic needs. It continues to create demand for the adoption of advanced network designs. The evolution of hybrid connectivity technologies, the inclusion of the cloud, secure remote access, and the need for effective network design are increasing the demand for network engineering services.
The increasing number of connected devices, the increased requirement for new highly developed network infrastructure, and technological advancements in the field of Information and Communications Technology (ICT) are the major factors driving the market forwards. Such services are widely used in the ICT industry, which is expected to drive the market for network infrastructure among various businesses even further. With the growth of IoT across industries and the growth of communications technologies, there is a rising demand for advanced network infrastructure. In addition, the dependence of growing data-based services on web hosting propels the growth of the market. However, the major restraint of the network engineering services market is the high price of the upgradation of software. Contrarily, the introduction of advanced networking solutions is expected to provide major growth opportunities for the growth of the market.
The network engineering services market is segmented on the basis of service type, connectivity, enterprise size, industry vertical, and region. By service type, it is segmented into network design, network deployment, and network assessment. By connectivity, the market is divided into wired, and wireless. By enterprise size, it is bifurcated into large enterprise, and small and medium enterprise. By industry vertical, it is segmented into BFSI, IT & telecom, healthcare, manufacturing, education, media & entertainment, and others. Region wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
The key players profiled in the study include Cyient, Datavision, Inc., Imagit Inc, Infosys Limited, Integration International, Inc., Mphasis, PCS Technologies Inc., Sincera Consulting LLC, Softnautics, and TATA Communications. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in July 2021, Sincera, a leading provider of data management solutions, announced the launch of 1Data, its new and revamped data management platform. Managing the increasing size and complexity of enterprise data is a business imperative; 1Data is an essential tool for businesses to operationalize data management functions, institutionalize data governance, and accelerate digital initiatives.
Key Market Insights
By service type, the network deployment segment was the highest revenue contributor to the market, and is estimated to reach $39.33 billion by 2031, with a CAGR of 6.3%. However, the network design segment is estimated to be the fastest growing segment with the CAGR of 13.6% during the forecast period.By connectivity, the wired segment was the highest revenue contributor to the market, and is estimated to reach $64.36 billion by 2031, with a CAGR of 9.1%.
By enterprise size, the large enterprise segment was the highest revenue contributor to the market, and is estimated to reach $71.32 billion by 2031, with a CAGR of 9.0%.
By industry vertical, the IT & telecom segment dominated the global market, and is estimated to reach $22.27 billion by 2031, with a CAGR of 5.1%. However, the healthcare segment is expected to be the fastest growing segment during the network engineering services market forecast.
Based on region, North America was the highest revenue contributor, accounting for $16.12 billion in 2021, and is estimated to reach $30.92 billion by 2031, with a CAGR of 6.9%.
Companies Mentioned
- Infosys Limited
- Sincera Consulting LLC
- Integration International, Inc.
- TATA Communications
- Imagit Inc
- Softnautics
- Cyient
- Mphasis
- Datavision, Inc.
- PCS Technologies Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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