“Global Network Engineering Services Market to reach a market value of USD 95.63 Billion by 2031 growing at a CAGR of 8.4%”
The Global Network Engineering Services Market size is expected to reach $95.63 billion by 2031, rising at a market growth of 8.4% CAGR during the forecast period.
Governments worldwide invest in secure and scalable network solutions to support public services, law enforcement, emergency response systems, and critical infrastructure. The rise of smart transportation, surveillance systems, and digital identity programs has further necessitated reliable networking capabilities. Additionally, the growing emphasis on cloud adoption, data security, and secure communication networks for defense and public administration drives demand for network engineering services in the government sector. Thus, the government segment recorded 15% revenue share in the market in 2023.
The major strategies followed by the market participants are Partnership as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2024, Ericsson and Dell Technologies announced a partnership to offer cloud network infrastructure solutions, assisting telecom operators in their cloud strategies. Additionally, In July, 2024, Infosys announced a collaboration with Qualcomm to provide smart city solutions, leveraging advanced network engineering services for urban infrastructure.
Based on the Analysis presented in the KBV Cardinal matrix; Cisco Systems Inc., Huawei Technologies Inc., Accenture PLC and IBM Corporation are the forerunners in the Network Engineering Services. Companies such as Dell Technologies, Inc. and Infosys Limited are some of the key innovators in Network Engineering Services. In November, 2024, Cisco and LTIMindtree expanded their partnership to deliver AI-driven Secure Access and SASE solutions globally, enhancing hybrid workforce security and client services. This collaboration strengthens network engineering services with zero trust, seamless connectivity, and simplified IT management.
The integration of digital technologies has also resulted in an exponential increase in data generation and consumption. From processing vast transaction volumes in the financial sector to enabling real-time inventory management in retail, networks must handle heavy traffic loads efficiently. Hence, the rapid adoption of digital technologies across industries transforms network requirements, making network engineering services indispensable.
Additionally, as organizations transition to public, private, and hybrid cloud environments, the complexity of integrating diverse systems and managing data traffic has increased significantly. Network engineering services ensure seamless communication between these platforms, providing the flexibility and reliability required to support modern business operations. Thus, the growing demand for cloud services is transforming the role of network engineering, making it an indispensable component of modern IT infrastructure.
Establishing network infrastructure and engineering services often involves substantial financial outlays, creating a significant barrier for many businesses, particularly small and medium-sized enterprises (SMEs). These costs encompass the procurement of advanced hardware, licensing fees for sophisticated software, and recruiting or training skilled personnel to design, deploy, and maintain the network. For SMEs with limited budgets, these expenditures can be overwhelming, forcing them to delay the adoption of advanced network solutions or settle for less efficient alternatives. However, this trend poses a significant challenge for external network engineering service providers, reducing their potential client base and intensifying market competition. Hence, these factors may hamper the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies to cater to demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
Based on transmission mode, the market is bifurcated into wired and wireless. The wireless segment procured 41% revenue share in the market in 2023. The rising adoption of remote work, IoT devices, and mobile-first strategies has significantly increased the demand for wireless networking solutions.
On the basis of organization size, the market is classified into large enterprises and small & medium enterprises. The large enterprises segment acquired 68% revenue share in the market in 2023. Large corporations require robust and scalable networks to support their extensive operations, global connectivity, and data-driven decision-making processes.
By services type, the market is divided into network deployment, network design, and network assessment. The network design segment garnered 34% revenue share in the market in 2023. The shift toward virtualization, software-defined networking (SDN), and AI-driven automation has increased the need for customized network designs that enhance performance and efficiency. Organizations focus on network security, scalability, and cost-effectiveness, making professional design services essential for seamless integration.
Based on vertical, the market is segmented into IT & telecom, BFSI, healthcare, retail, government, energy & utilities, education, manufacturing, and others. The manufacturing segment witnessed 11% revenue share in the market in 2023. As manufacturers integrate AI, robotics, and real-time monitoring systems, they require high-performance, low-latency networks to support seamless data exchange and predictive maintenance.
Free Valuable Insights: Global Network Engineering Services Market size to reach USD 95.63 Billion by 2031
The Network Engineering Services Market is highly competitive, driven by increasing demand for robust network infrastructure across industries like telecom, IT, and BFSI. Companies compete on innovation, offering tailored solutions for advanced technologies such as 5G, IoT, and cloud computing. Price competitiveness, service quality, and rapid deployment capabilities are key differentiators. Players are also focusing on strategic partnerships and expanding their service portfolios to stay ahead. The market's dynamic nature encourages continuous innovation to meet evolving customer and technological demands.
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment procured 30% revenue share in the market in 2023. 5G expansion, AI-driven network optimization, and stringent data protection laws, including the General Data Protection Regulation (GDPR), are all contributing to market growth in Europe.
Report Attribute | Details |
---|---|
Market size value in 2023 | USD 50.63 Billion |
Market size forecast in 2031 | USD 95.63 Billion |
Base Year | 2023 |
Historical Period | 2020 to 2022 |
Forecast Period | 2024 to 2031 |
Revenue Growth Rate | CAGR of 8.4% from 2024 to 2031 |
Number of Pages | 332 |
Number of Tables | 484 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Transmission Mode, Organization Size, Service Type, Vertical, Region |
Country scope |
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Companies Included | Cisco Systems, Inc., Accenture PLC, Ericsson AB, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Dell Technologies, Inc., IBM Corporation, Juniper Networks, Inc.,HCL Technologies Ltd., Infosys Limited and Fujitsu Limited |
By Transmission Mode
By Organization Size
By Service Type
By Vertical
By Geography
This Market size is expected to reach $95.63 billion by 2031.
Rapid Digital Transformation Across Industries are driving the Market in coming years, however, High Initial Costs and Competition from In-House Solutions restraints the growth of the Market.
Cisco Systems, Inc., Accenture PLC, Ericsson AB, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Dell Technologies, Inc., IBM Corporation, Juniper Networks, Inc.,HCL Technologies Ltd., Infosys Limited and Fujitsu Limited
The expected CAGR of this Market is 8.4% from 2023 to 2031.
The Network Deployment segment is generating the maximum revenue in the Market by Service Type in 2023; thereby, achieving a market value of $37.1 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34,005.7 million by 2031.
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