Network Consulting Services Market Size

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.

Frequently Asked Questions (FAQ)

Rise in ICT spending on new technologies and the increasing market automation are the major factors driving the growth of the market.

The market size of network consulting services is anticipated to attain a CAGR of 7.7% over the forecast period, i.e., 2024-2036.

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

The Large Enterprises segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Network Consulting Services Market Size