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The Business Research Company's Network Engineering Services Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LONDON, GREATER LONDON, UNITED KINGDOM, October 21, 2024 /EINPresswire.com/ -- The network engineering services market has experienced robust growth in recent years, expanding from the market is expected to grow from $53.39 billion in 2023 to $58.16 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.0%. This growth during the historical period can be attributed to several factors, including the rise in internet usage and data traffic, the surge in mobile devices and connectivity, globalization and distributed workforces, enterprise digital transformation, and the adoption of cloud computing.

What Is The Estimated Market Size Of The Global Network Engineering Services Market And Its Annual Growth Rate?\

The network engineering services market is projected to continue its strong growth, reaching by 2028, the market is projected to reach $85.49 billion, with a compound annual growth rate (CAGR) of 10.1%. This anticipated growth during the forecast period can be attributed to several factors, including the demand for skilled network engineers, the adoption of advanced network analytics, the need for global connectivity and network integration, the increasing complexity of network environments, and a focus on sustainable and green networking.

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Growth Driver Of The Network Engineering Services Market

The growing adoption of broadband is expected to drive the growth of the network engineering services market. Broadband provides high-speed internet connectivity that surpasses traditional dial-up access, enabling quick and high-quality access to information, teleconferencing, data transfer, and various functions across multiple sectors, including healthcare, education, and technology development. Network engineering services aim to balance security with the increasing demand for faster, more effective, and adaptable computing solutions. Additionally, the COVID-19 pandemic prompted companies to adjust their operations to facilitate remote working, further accelerating broadband adoption.

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Which Market Players Are Steering The Network Engineering Services Market Growth?

Key players in the market include Accenture PLC, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Juniper Networks, IBM Corporation, Cyient Limited, Datavision Inc., Imagit Inc., Infosys Limited, Atisdigital, Fujitsu Limited, Netronome Systems Inc., ABB Ltd., Avaya Inc., Capgemini SE, Cisco Systems Inc., Entrust Datacard Corporation, Nokia Corporation, OpenGov, Oracle Corporattion, UTI Group, General Electric, Honeywell International Inc., Itron Inc., KAPSCH Group, Microsoft Corporation, Osram Gmbh, SAP SE, Schneider Electric SE, Siemens AG.

What Are The Key Trends That Influence Network Engineering Services Market Size?
Key players in the network engineering services market are focusing on developing innovative solutions to maintain their competitive edge. These solutions include advanced cybersecurity systems, software-defined networking (SDN) technologies, and intelligent network automation tools, all aimed at optimizing network performance and enhancing security.

How Is The Global Network Engineering Services Market Segmented?

1) By Service Type: Network Assessment, Network Design, Network Deployment
2) By Transmission Mode: Wired, Wireless
3) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4) By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Telecom, Information Technology, Healthcare, Education, Media and Entertainment, Energy and Utilities, Manufacturing, Other Industry Verticals

Geographical Insights: North America Leading The Network Engineering Services Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Network Engineering Services Market Definition
Network engineering services involve the planning, implementation, and management of computer networks that deliver in-house phone, data, video, and wireless network services. Providers of these services collaborate with consultants, telecom companies, corporations, internet service providers (ISPs), and others to prepare, develop, plan, and execute projects tailored to customer needs and specifications.

Network Engineering Services Global Market Report 2024 from The Business Research Company covers the following information:

• Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An overview of the global network engineering services market report covering trends, opportunities, strategies, and more

The Network Engineering Services Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on network engineering services market size, network engineering services market drivers and trends and network engineering services market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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