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Global Network Consulting Services Market Analysis by Type, Application, Organization Size, Region and segments forecast till 2033
Market Overview
The network consulting services market is expected to record a CAGR of 6.87%, from USD 15 Million in the year 2022 to reach a valuation of USD 27 Million by 2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 15 million |
Market Forecast in 2033 | USD 27 million |
CAGR % 2023-2033 | 6.87% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Cisco, IBM, Nokia, Oracle, Huawei, Unisys, Dell, Ericsson, Accenture, Hewlett Packard Enterprise and FUJITSU. |
Global Network Consulting Services Market- Description
Network counselling administrations help organizations to assess and further develop the organization framework execution to accomplish their ideal business results. Network counselling administrations convey risk evaluation, techniques, arranging, and configuration administrations related to an organization's IT network foundation. Network counselling specialists assist organizations with figuring out their organization framework concerning adaptability, security, and availability. Network counselling administrations assist organizations with dangers and weaknesses before rolling out any further improvements in the organization.
It additionally assists organizations with tending to the open doors and difficulties related to their systems administration foundation. The organization counselling administrations lifecycle offers a comparing grouping of occasions in conveying and working a few organization innovations. The lifecycle includes various stages like examination, arranging, planning, activity, execution, and advancement.
Some of the prominent factors that are anticipated to robust the demand for Network Consulting Services in the coming years are the growing number of internet users and the overall rise in research and development activities in the field of information and communication technology. However, with technologies continuously changing, firms need to keep up with these innovations to maintain a strategic advantage over their competitors in the industry. Not only will it encourage marketers to remain ahead of their business, but it will also help them discover new applications from it.
Due to the proliferation of digitization, organizations need the right technology to enable agility, flexibility and security. As organizations worldwide tend to focus more on network performance management and improving network security, the demand for network consulting services is expected to grow in the coming years. One of the major trends that will gain traction in this market is the emergence of the Internet of Things (IoT) consulting services. The transformation of networking and communication systems through network automation will lead to the growth of IoT consulting services across the globe.
Key Trends of the Global Consulting Service Market:
Businesses Need the Correct Technology
Businesses need the correct technology to enable agility, and security while working on a digital platform, amid the increased demand for technology implementation is a major factor expected to thrive in the global network consulting services market during the forecast period. Propelled awareness about network consulting services and the growing need for improved network infrastructure and flexibility is projected to augment the market. As businesses across the globe tend to emphasize more on network performance management and enhance network security, demand for network consulting services is projected to increase in the coming years. This is another key factor expected to drive the market.
Advancement in The IoT
IoT consulting services will create a framework that brings innovation and IT security to networking systems. Thus, the advent of the Internet of Things (IoT) consulting services is projected to create opportunities for the market during the forecast period.However, the high cost associated with network consulting services is anticipated to hamper the market during the forecast period.
Segmental Analysis of the Global Networking Service Market:
Based On Type:
Network Designing and Planning
Network Testing
Others
Based On Organization Size:
Small Enterprises and Medium Enterprises
Large enterprises
Based On Verticals or Applications:
BFSI
Healthcare
Energy and Utilities
IT and Telecom
Government
Retail
Others
Global Networking Service Market: Geographical Analysis
The global networking service market is further segmented into major countries- North America, Europe and Asia-Pacific. The Asia Pacific dominated the global network consulting services market with the largest share. Growth of the market in the Asia Pacific is driven by the presence of IT companies, the emergence of SMEs, and an emphasis on utilizing network consulting service solutions by enterprises of all sizes. Emerging countries including India and China are expected to be fast-growing network consulting services markets due to the rapid adoption of new technologies.
Global Network Consulting Services Market: Recent Developments
In February 2021, Accenture announced its acquisition of Electro 80, an industrial automation and control systems consulting and engineering firm. The acquisition is aimed at enhancing Accenture's network consulting capabilities for clients in the mining, oil and gas, and other industries.
In December 2020, Wipro announced its acquisition of Eximius Design, a California-based engineering services company specializing in network software. The acquisition is expected to strengthen Wipro's network consulting and engineering capabilities for clients in the communications, aerospace, and other industries.
Global Network Consulting Services Market: Key Companies
Cisco
IBM
Nokia
Oracle
Huawei
Unisys
Dell
Ericsson
Accenture
Hewlett Packard Enterprise
FUJITSU.
Others
Global Network Consulting Services Market: Regional Scope
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East and Africa
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