Network Advisory Services Market Size

Network Advisory Services Market size was valued at USD 16.35 billion in 2023 and is set to cross USD 38.45 billion by 2036, expanding at more than 6.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of network advisory services is estimated at USD 17.24 billion. Further, the market generated a modest revenue in the year 2021. The growth of the market can primarily be attributed to the surge in the information and communications technology (ICT) worldwide. For instance, the global ICT spending in 2020 accounted for more than USD 4,800,000 million and is expected to increase by ~5% annually between 2021-2023.

Organizations are adopting cloud-based technology and embracing digitalization to accelerate their revenue growth. In order to get the best possible outcome and productivity, an automated, software -defined and agile network is required. This is done by network advisory service providers who plan the strategy, roadmap, architecture, and transformation for it leading to faster achievement of business goals. In other word, network advisory service requires taking client challenges and applying strategies to create opportunities in service to their growth. With the increasing digital transformation of businesses as well rising threat of network security along with rising incidences of data breach, the demand for network advisory services is on the rise amongst the digital businesses and services providers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global network advisory services market during the forecast period. It was found that, in the year 2018, there was a mega breach reported, involving ~1 million compromised records, which accounted for approximately USD 39 million.