Network Advisory Services Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.8% |
|
Base Year Market Size (2024) |
USD 17.46 billion |
|
Forecast Year Market Size (2037) |
USD 41.06 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of network advisory services is assessed at USD 18.47 billion.
Network Advisory Services Market size was valued at USD 17.46 billion in 2024 and is expected to reach USD 41.06 billion by 2037, expanding at around 6.8% CAGR during the forecast period i.e., between 2025-2037.
North America industry is predicted to hold largest revenue share by 2037, 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.
