Network Engineering Services Market worth 54.69 Billion USD by 2022
The report "Network Engineering Services Market by Service Type (Network Assessment, Network Design, and
Network Deployment), Transmission Mode (Wired and Wireless), Vertical (BFSI, Telecom, IT, Healthcare),
Organization Size, and Region - Global Forecast to 2022", The network engineering services market size is expected
to grow from USD 34.35 Billion in 2017 to USD 54.69 Billion by 2022, at a Compound Annual Growth Rate (CAGR)
of 9.8% during the forecast period. Technology Readiness for competitive products and services, network
investment optimization, advent of Internet of Things (IoT), and growing demand for high speed and large network
coverage are the driving factors for the network engineering services market.
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Telecom vertical is expected to hold the largest market size during the forecast period
The telecom vertical comprises telecommunications organizations and Internet Service Providers (ISPs). With
voluminous data generated from millions of subscribers who stream terabytes of videos, music, and social
networking every day, enterprises are facing various challenges, such as high network load, and the increasing
demand for network bandwidth. The telecom vertical manages several mobile devices and broadband networks
and technologies, such as video streaming and IoT, which are transforming the overall communication
infrastructure and networking scenario. Network engineering services in the telecom vertical help the network
carriers in ensuring enhanced communication performance.
SMEs segment is expected to grow at a higher CAGR during the forecast period.
The entry of small vendors in the network engineering services market has provided an opportunity for SMEs to
avail inexpensive solutions. The increased competitive market scenario has also encouraged SMEs to invest in
network engineering services for better quality network perf