Network Advisory Services Market Trends

Growth Drivers

Increasing Incidences of Network Failures - Network failures are attributed to human error at the design, operational, or architectural level, which is responsible for the growing emphasis on network advisory services by organizations worldwide. For instance, it has been estimated that over 80 % of network failures are caused by human error.
Rising Digitization - It is estimated that, ~60% of the global GDP is to be digitized by 2022.

Growing Adoption of Cloud Computing Technology - According to a recent data, an estimated 90% of workloads and compute instances were processed by cloud data centers in 2021.

Upsurge in Spending on Digital Tools - According to estimates, spending on digital tools in the energy distribution and retail industries expected to increase from about USD 12 billion in 2020 to over USD 33 billion by 2030.

Challenges

Changing Regulatory Policies
Need for Continuous Monitoring and Maintenance
Poor Policy Management

Network Advisory Services Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.8%
Base Year Market Size (2023)	USD 16.35 billion
Forecast Year Market Size (2036)	USD 38.45 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, South Korea, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of network advisory services is estimated at USD 17.24 billion.

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. Increasing digitalization amongst various industries, upsurge in the adoption of network virtualization technology, rising number of cyberthreats will drive the market growth.

North America industry is predicted to account for largest revenue share by 2036, impelled by rising prevalence of several heart diseases, increasing neurological disorders, growing healthcare expenditure, and a notable presence of major key players in the region.

The major players in the market are Cisco Systems, Inc., Huawei Technologies Co. Ltd., IBM Corporation, Fujitsu Limited, Hewlett Packard Enterprise Company, Capgemini Services SAS, Telefonaktiebolaget LM Ericsson, and others.

Network Advisory Services Market Trends