Network Engineering Services Market Size, Growth, Trends

The Networking Support Services Global Market Report 2023, provides comprehensive information on the networking support services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global networking support services market size is expected to grow from $838.14 billion in 2022 to $886.56 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global networking support services market size is expected to reach $1,120.55 billion in 2027 at a CAGR of 6.0%.

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Technological advancements are a key trend gaining popularity in the networking support service market. Major companies operating in the networking support service market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Ciena, a US-based telecommunications networking equipment and software services provider, launched Colt Technology Services (Colt), a new technology that offers greater adaptability, and adjustability, and is fully programmable. The Colt IQ Network is intended to provide high-bandwidth connectivity on demand. With built-in tools like Zero-Touch Provisioning (ZTP), network auto-discovery, and actual network tracking and accessibility, Colt can simplify implementation, procedure, and troubleshooting.

The networking support services market is segmented:

1) By Type: LAN-as-a-Service, WAN-as-a-Service

2) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises

3) By Deployment Type: On-Premise, Cloud

4) By End-User Industry: Banking, Financial Services And Insurance (BFSI), IT And Telecommunication, Government And Public Sector, Healthcare And Life Sciences, Manufacturing, Retail And Consumer Goods, Transportation And Logistics, Other End-User Industries

North America was the largest region in the networking support services market in 2022.

The table of contents in TBRC’s networking support services market report includes:

1. Executive Summary
2. Networking Support Services Market Characteristics
3. Networking Support Services Market Trends And Strategies
4. Networking Support Services Market – Macro Economic Scenario
5. Networking Support Services Market Size And Growth

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26. Africa Networking Support Services Market
27. Networking Support Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Networking Support Services Market
29. Networking Support Services Market Future Outlook and Potential Analysis
30. Appendix

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