Network Consulting Services Market to Reach $27.9 Billion, Globally, by 2031 at 6.7% CAGR: Allied Market Research

A surge in internet penetration, rise in consumer awareness of network consulting services and an increase in the need for flexible and upgraded network infrastructure drive the growth of the global network consulting services market.

PORTLAND, Ore., Nov. 11, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Network Consulting Services Market by Type (Network Designing and Planning, Network Testing, Others), by Organization Size (SMEs, Large Enterprise), by Vertical (BFSI, Healthcare, Education, Energy and Utilities, IT and telecom, Government, Retail, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global network consulting services industry generated $14.7 billion in 2021, and is anticipated to generate $27.9 billion by 2031, witnessing a CAGR of 6.7% from 2022 to 2031.

Download Free Sample Report:

https://www.alliedmarketresearch.com/request-sample/32016

Prime determinants of growth

A surge in internet penetration, rise in consumer awareness of network consulting services and an increase in the need for flexible and upgraded network infrastructure drive the growth of the global network consulting services market. However, high server downtime and cost related to server consultancy system restrict the market growth. Moreover, the adoption of machine learning (ML) and big data analytics such as the internet of things (IoT) and artificial intelligence (AI) in rapid development in IT and wireless networking technologies are expected to present new opportunities in the coming years.  

Covid-19 Scenario

• The outbreak of the Covid-19 pandemic had a positive impact on the global network consulting services market, as network consulting services have become increasingly popular during the lockdown.
• Many companies and individuals have started performing remote employment since the pandemic. Businesses require the appropriate technologies to provide network infrastructure agility and security for remote working. When making any additional modifications to the network, firms may use network consulting services to identify their network risks and weaknesses.

The IT and telecom segment to maintain its leadership status throughout the forecast period

Based on vertical, the IT and telecom segment held the highest market share in 2021, accounting for nearly one-fourth of the global network consulting services market, and is estimated to maintain its leadership status throughout the forecast period. IT & telecommunications engage in a server-based atmosphere to run their business, and protect with the aid of sophisticated network operations such as the deployment of network design & plan and network testing. This factor fuels the growth of the network consulting services market. However, the education segment is projected to manifest the highest CAGR of 9.6% from 2022 to 2031, owing to benefits such as reducing manual work and promoting automation. The rapid growth in the adoption of connected devices and rise in awareness concerning advanced technology such as AI, blockchain, big data, and cloud computing in various online learning platforms to enhance education facilities drives the growth of the market. 

The network designing & planning segment to maintain its leadership status throughout the forecast period

Based on type, the network designing & planning segment held the highest market share in 2021, accounting for more than three-fifths of the global network consulting services market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 7.2% from 2022 to 2031. Widespread acceptability of superior network planning and design that are cost-effective and have higher connectivity performance has motivated the network consulting services market to expand. 

The Specialty Stores segment to maintain its lead position during the forecast period

Based on organization size, the large enterprise segment accounted for the largest share in 2021, contributing to around three-fourths of the global network consulting services market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 7.3% from 2022 to 2031, as large enterprises can deploy network consulting services depending on the network infrastructure, organization's business functioning, and quality requirements.

Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/32016

North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global network consulting services market, and is likely to dominate the market during the forecast period. Increase in acceptance of cloud computing solutions, digitalization, artificial intelligence and machine learning have positively impacted the growth of the network consulting services market in this region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.9% from 2022 to 2031. Increase in spending capabilities, owing to the rapid development of wireless 5G infrastructure, the proliferation of smart devices, rise in the number of software & IT infrastructure providers, and advancement in the e-commerce sector.

Leading Market Players: -

• Accenture plc,
• capgemini,
• Cisco Systems, Inc.,
• Dell Technologies Inc.,
• Telefonaktiebolaget LM Ericsson,
• fujitsu limited,
• ibm corporation,
• Oracle Corporation,
• Hewlett Packard Enterprise Company,
• Huawei Technologies Co., Ltd.

Buy this Report at:

https://www.alliedmarketresearch.com/checkout-final/e6eec9b04ae59977d09561ab5f79f653

Trending Reports in ICT & Media Industry (Book Now with 10% Discount):

Hosting Infrastructure Services Market Expected to Reach $32.5 Billion by 2031

Application Server Market Expected to Reach $53.3 Billion by 2031

Penetration Testing Market Expected to Reach $5.3 Billion by 2031

Industrial Cloud Market Expected to Reach $352.6 Billion by 2031

Data Conversion Services Market Expected to Reach $566 Billion by 2031

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/information-and-communication-technology-and-media
Follow Us on Blog: https://www.technologyplz.com/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg