Network Consulting Services Market Research, 2031
The global network consulting services market was valued at $14.7 billion in 2021 and is projected to reach $27.9 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.
Network consulting services industry employ a comprehensive strategy to assist customers in tackling the possibilities and difficulties presented by their networking infrastructure. These offer targeted audiences full lifecycle services, including strategy, evaluation, design, implementation, continuing management, and analysis. Businesses require the appropriate technology to provide agility and security while working on a digital platform; as a result, an important factor anticipated to propel the worldwide network consulting services market during the projected period is the growing need for technology implementation. Furthermore, the market is anticipated to be driven by rising in consumer awareness of network consulting services and an increase in the need for flexible and upgraded network infrastructure.
The network consulting services industry is segmented into type, organization size, and end-use vertical.
Network planning and design is an iterative process, encompassing topological design, network synthesis, and network realization, and is aimed at ensuring that a new telecommunications service meets the needs of the subscriber and operator. The process can be tailored by network consulting service providers according to each new network or service requirements.
The adoption of network consulting services continues to increase in large enterprises, owing to its enhanced network performance management, and higher in-house network compliance consulting services. Moreover, the recent trends exhibit several large organizations switching toward cloud adoption in developed and developing regions, including North America, Europe, and Asia-Pacific. This factor has propelled the demand for network consulting services among large enterprises to improve day-to-day network operations, which is expected to drive the network consulting services market share growth globally.
The implementation of network consulting services for optimal utilization of resources and quick decision-making as well as enhanced security. Education sectors implement network consulting services, owing to benefits such as reducing manual work and promoting automation. The rapid growth in the adoption of connected devices and rise in awareness concerning advanced technology such as AI, blockchain, big data, and cloud computing in various online learning platforms to enhance education facilities drives the growth of the market.
Region-wise, the network consulting services market trends are analyzed across North America (U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The Asia Pacific region, notably China, India & Japan, is predicted to hold a sizable portion of the market among the regional countries. The market for network consulting services in North America, particularly in the United States, has emerged as one of the fastest-growing markets.
Top Impacting Factors
The network consulting services market is expected to witness notable growth during the forecast period, owing to an increase in ICT spending. Furthermore, the rise in demand for efficient network infrastructure and a surge in internet penetration drive the growth of the market. However, high server downtime and cost related to server consultancy system is the prime factor restraining the market growth. On the contrary, the adoption of machine learning (ML) and big data analytics such as the internet of things (IoT) and artificial intelligence (AI) in rapid development in IT and wireless networking technologies are expected to propel the network consulting services market growth during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major network consulting services market players, such as Accenture plc, Capgemini SE, Cisco Systems, Inc., Dell Technologies Inc., Telefonaktiebolaget LM Ericsson, Fujitsu Limited, IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Company and Huawei Technologies Co., Ltd. are provided in this report.
Key Benefits for Stakeholders
This study comprises an analytical depiction of the network consulting services market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall network consulting services market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
The current network consulting services market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
The report includes the market share of key vendors and network consulting services market trends.
Network Consulting Services Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 27.9 billion |
 Growth Rate | CAGR of 6.7% |
 Forecast period | 2021 - 2031 |
 Report Pages | 204 |
 By Vertical |
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 By Type |
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 By Organization Size |
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 By Region |
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 Key Market Players | Telefonaktiebolaget LM Ericsson, Accenture plc, Huawei Technologies Co., Ltd., Oracle Corporation, capgemini, Hewlett Packard Enterprise Company, ibm corporation, Cisco Systems, Inc., fujitsu limited, Dell Technologies Inc. |
Analyst Review
Regardless of the size of the firm, the quality of its network infrastructure is important for efficient processes. Different organizations, from individual companies to multinational corporations, require multiple strategies. Furthermore, managed network services that combine all corporate operations and devices are customized by network consulting services.
These services go further than simply mending damaged connections, they also comprise a number of procedures that simplify commercial operations. Network consulting services upgrade the warranties and software of the firm. These services also guarantee that all crucial data is safeguarded and regularly backed up. Furthermore, different network consulting service providers develop a strategic infrastructure architecture that optimizes investment and streamlines operations.
The global network consulting services market is highly competitive, owing to the strong presence of existing vendors. Network consulting services providers, who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Due to an increase in ICT investment, the market for network consulting services is anticipated to expand significantly over the course of the projected period. The industry has expanded as a result of expanding internet usage and the increased need for effective network infrastructure. However, a significant aspect limiting industry expansion is high server downtime and server consulting system costs. Contrarily, the rapid development of IT and wireless networking technologies, coupled with the adoption of machine learning (ML) and big data analytics, such as the internet of things (IoT) and artificial intelligence (AI), is anticipated to fuel the growth of the network consulting services market during the forecast period.
Among the analyzed regions, Asia-Pacific exhibits the highest adoption rate of network consulting services and has been experiencing a massive expansion of the market. On the other hand, North America and Europe are expected to grow at a faster pace, predicting lucrative growth, owing to emerging countries, such as the UK, U.S., Germany, and Canada investing in these technologies. Regions, such as the LAMEA, are also expected to offer new opportunities for the network consulting services market in the future.
The key players profiled in the report include Accenture plc, Capgemini SE, Cisco Systems, Inc., Dell Technologies Inc., Telefonaktiebolaget LM Ericsson, Fujitsu Limited, IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd. To promote organic growth and solidify their positions in the network consulting services industry, all of these market participants are investing a significant amount into R&D activities. In order to produce technologically innovative products and acquire a competitive edge in the market, they are also placing a major focus on mergers and acquisitions and strategic alliances.
Education and IT & Telecom services are the leading application of the network consulting services market.
$14,680.5 million is the estimated industry size of network consulting services.
The adoption of artificial intelligence (AI) and internet of things (IoT), and ICT spending are the upcoming trends in the network consulting services market the world.
North America is the largest regional market for network consulting services.
Accenture plc, Cisco Systems, Inc., Fujitsu Limited, Oracle Corporation, and Huawei Technologies Co, Ltd. are the top companies to hold the market share in network consulting services.
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