Network consulting services are deployed by organizations for the evaluation of their network infrastructure. These services also facilitate the creation of internet domains, optimization of information flow by increasing server capacity, and maintainece of secure servers. Moreover, network consulting solutions also helps firms to address the restraints and opportunities pertaining to their network and IT applications.
The global network consulting services market is presently valued at US$ 15 Million and is expected to record a CAGR of 6.87% over 2022-2030, thereby reaching a valuation of US$ 27 Million by 2030.
Primary expansion propellants and restraints of this marketplace
In this era of rapid technological evolution, enterprises need efficient technologies to ensuring privacy, security, and agility while functioning over a digital platform. This in turn has escalated the demand for network consulting services across the globe.
Moreover, rising requirement for enhanced network infrastructure and flexibility is creating lucrative growth avenues for the marketplace. Alongside, surging cognizance regarding the benefits offered by these services and increasing technology expenditure of organizations are positively swaying the industry dynamics.
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Also, integration of innovative technologies such as IoT, big data, AI, and machine learning into the vertical of various businesses is augmenting the overall outlook of global network consulting service market.
On the flipside, high costs pertaining to these services is hindering the remuneration scope of this industry vertical.
Segmental Analysis Of 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 3 three 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.
Which is the fastest growing region in the market vertical?
North America, Middle East & Africa, Latin America, Asia Pacific, and Europe are the major benefactors to the expansion of this industry. Among these, North America is projected to capture a high revenue share over 2022-2030 attributable to the presence of emerging players and widespread technological evolution.
Expounding the competitive terrain of global network consulting services market
The prominent players operating in the industry are CapGemini, Cisco Systems, Inc.; Huawei Technologies Co., Ltd., Unisys, IBM Corporation; FUJITSU, Hewlett Packard Enterprise, Ericsson, Accenture, Alcatel-Lucent (Nokia), Dell, and Oracle.
The aforementioned companies are engaging into various business centric activities including mergers & acquisitions, new service launches, R&D investments, collaboration deals, and partnerships to amplify their reach and emerge as global leaders in the ensuing years.
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