The network engineering services market size is expected to grow from USD XX billion in 2017 to USD XX billion by 2022, at a Compound Annual Growth Rate (CAGR) of XX% over the forecast period.
A network engineer is basically a technology professional who has the necessary skills to plan, implement and oversee the computer networks that support in-house voice, data, video and wireless network services.
The drivers of the network engineering services market are technology readiness for competitive products and services, network investment optimization, advancement of internet of things and growing demand for high-speed and large network coverage. Furthermore, adoption of advanced networking solutions by SMEs is expected to fuel the growth of the market.
The different segment of Network Engineering market are service type, transmission mode, organization size, end-user and region.
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Market segmented on the basis of end-users (BFSI, Retail, E-commerce, Healthcare, IT & Telecommunication, Media & Entertainment, Education, Energy, Government, and Manufacturing):
Telecommunication segment accounted for the largest market share majorly due to voluminous data generated from millions of subscribers who stream terabytes of videos, music, and social networking every day, enterprises are facing various challenges, such as high network load, and the increasing demand for network bandwidth. Also, telecom sector manages several mobile devices and broadband networks and technologies, such as video streaming and internet of things.
Market segmented on the basis of organization size (Small and Medium sized enterprises, Large):
Small vendors in the Network Engineering Services Market has provided an opportunity for SMEs to avail inexpensive solutions. The increased competitive market scenario has also encouraged SMEs to invest in network engineering services for better quality network performance, and to make effective decisions for their business growth. As opposed to large enterprises, SMEs face resource crunch and require methods to solve complexities in their business processes, resulting in better cost optimization of their assets.
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Market segmented on the basis of region (North America, Europe, Asia-Pacific and Rest of the world):
North America held the largest share majorly due to the presence of various developed economies, such as Canada and the US, and enterprises’ focus on innovating the existing solutions.
The reasons attributed to advantage in the adoption of new technologies, including network, Internet of Things (IoT), and cloud technologies. Various companies are willingly investing in North America. The major factors driving the network engineering services market in North America are stable economies, technology enhancements and better infrastructures.
APAC is expected to grow at the fastest growth rate during the forecast period in countries such as India, China, Australia, and Japan.
The major market players of the global Network Engineering market are:
Accenture, Ericsson, IBM, Huawei, Juniper Networks, Dell, Cisco Systems Inc, Fujitsu, Aviat Networks, Tech Mahindra, Mphasis and others.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the market.
The increasing number of Internet of Things (IoT)-enabled devices is expected to fuel the growth of the network engineering service market globally. However, network engineering requires expensive upgradations and optimizations which is expected to hinder the growth of the market.
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Table of Contents:
1. Research Methodology & Scope
1.1. Scope of the Study
1.1.1. Research Objectives
1.1.2. Assumptions & Limitations
1.2. Research Process
1.2.1. Primary Process
1.2.2. Secondary Process
1.2.3. Forecast Model
2. Introduction
2.1. Market Definition
2.2. Recent Developments
3. Executive Summary
4. Market Factor Analysis
4.1. Growth Potential Analysis
4.2. Porter’s Five Forces Analysis
4.3. Value/Supply Chain Analysis
4.4. PESTEL Analysis
5. Industry Impact Forces
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