Network Consulting Services Market size is poised to reach USD 34 Billion by the end of 2036, growing at a CAGR of 7.7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of network consulting services was USD 17 Billion. The rise in ICT spending on new technologies impels the reason behind the growth. New technologies such as artificial intelligence, robotics, and virtual reality (VR)/ augmented reality (AR) are expected to represent more than 25% of ICT spending in the upcoming 5-10 years, which will increase the number of networks worldwide and is expected to further boost the demand for network consulting services.
The increasing market automation is believed to fuel network consulting services market growth. For instance, it was found that, in 2022, over 50% of companies are adopting market automation technology worldwide. Moreover, the purpose of network consulting services is to offer suggestions on technological automation and assist companies in implementing automation processes from a holistic perspective.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~7.7% |
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Base Year Market Size (2023) |
~ USD 17 Billion |
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Forecast Year Market Size (2036) |
~ USD 34 Billion |
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Regional Scope |
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Enterprise (SMEs, Large Enterprises)
The large enterprises segment in the network consulting services market is estimated to gain a robust revenue share of 60% in the coming years. The process of creating a network for a large organization involves selecting the network architecture that most closely matches the needs and usually depends on an organization's size and needs. The process of organizing and creating a communications network known as network design must concentrate on the security precautions that are essential to protecting the data of the company. Moreover, to accomplish their targeted business goals, large organizations can review and optimize the performance of their network infrastructure with the aid of network consultancy services which also aid in the creation of disaster recovery plans, and offer more manageable daily solutions.
When it comes to managing a profitable business, network performance is essential as it can increase customer happiness, foster trust, and obtain a competitive advantage in the market. This necessitates the adoption of network consulting services that are designed to produce a blueprint that maximizes network performance boosts productivity and cuts back on overhead.
Service Type (Network Designing & Planning, Network Testing, Network Security)
The network designing & planning segment in the network consulting services market is set to garner a notable share shortly. Network topology, also referred to as network planning and design, is the logical, virtual, and physical configuration procedure that involves iterations for an IT network's infrastructure. Any network growth, alteration, or modernization requires careful planning and computation as it is necessary for the deployment of a new network or the upgrade of an existing one. Through the identification of risks and opportunities, network consulting services can help maximize the value of any organization’s current network infrastructure and offer strategy, risk assessment, planning, and design services, as well as a lifecycle approach that is in line with research-based strategy, assessment, and project planning.
Our in-depth analysis of the global network consulting services market includes the following segments:
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Service Type |
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Organization |
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Industry |
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North American Market Forecast
Network consulting services market in North America is predicted to account for the largest share of 42% by 2036 impelled by rapid digitalization. The United States economy and the workplace have seen significant transformation in recent decades owing to digitalization, which is anticipated to increase US GDP by more than USD 1 trillion by 2025 while displacing around 11 million middle-skill employment. Moreover, the U.S. finds that digital transformation is now a must for organizations in many industries as a result, businesses are becoming more reliant on service providers. American businesses are quickly implementing cloud computing, IoT, AI, virtual, and mixed reality (AR/VR/MR) and cybersecurity solutions to improve manufacturing and maintenance processes, and give consumers and employees more immersive experiences.
APAC Market Statistics
The Asia Pacific network consulting services market is estimated to be the second largest, during the forecast timeframe led by the increasing deployment of 5G networks. For instance, In India, 5G is now widely used and recently over 300,000 5G base transceiver stations (BTS) have been deployed in more than 712 districts throughout the country.
Author Credits: Abhishek Verma
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