The Network Engineering Services Market is Predict to reach USD 95.63 Billion by 2031, at a CAGR of 8.4%

Network Engineering Services Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Network Engineering Services Market size is expected to reach $95.63 billion by 2031, rising at a market growth of 8.4% CAGR during the forecast period.

The Wired segment is leading the Global Network Engineering Services Market by Transmission Mode in 2023; thereby, achieving a market value of $54.14 billion by 2031. Wired networks are essential for industries that demand secure and consistent connectivity, such as financial services, healthcare, and manufacturing. These networks are optimal for data-intensive applications, such as video streaming, cloud computing, and enterprise communication, due to their robust performance and minimal latency. Additionally, advancements in fiber-optic technology have further enhanced the speed and efficiency of wired networks, reinforcing their adoption in data centers and critical infrastructure environments.

The Small & Medium Enterprises segment is anticipating a CAGR of 9% during (2024 - 2031). As SMEs increasingly adopt cloud-based applications, remote work models, and digital collaboration tools, the need for reliable and secure networking infrastructure has risen. The adoption of wireless and software-defined networking (SDN) solutions has benefited SMEs by providing flexible and budget-friendly alternatives to traditional wired networks. Additionally, government initiatives and digital transformation programs to support SMEs have played a crucial role in driving network investments within this segment.

The Network Deployment segment is generating the maximum revenue in the Global Network Engineering Services Market by Service Type in 2023; thereby, achieving a market value of $37.1 billion by 2031. The increasing adoption of cloud computing, IoT, 5G, and edge computing has heightened the demand for seamless connectivity, prompting businesses to invest heavily in deploying advanced network solutions. Additionally, enterprises and telecom providers are expanding their networks to accommodate rising data traffic and ensure high-speed, low-latency communication. Network deployment efforts have been further stimulated, especially in emerging economies, by government programs supporting digital transformation and smart city projects. As organizations prioritize uninterrupted connectivity and performance, the demand for efficient network deployment services grows.

The BFSI segment is showcasing a CAGR of 7.3% during (2024 - 2031). With a surge in online transactions, mobile banking, and digital payments, financial institutions require highly secure and reliable network infrastructures to protect sensitive data and maintain seamless operations. Stringent regulatory compliance requirements and the rising threat of cyberattacks and fraud have emphasized the need for robust network security solutions. The adoption of AI-driven fraud detection, blockchain technology, and high-frequency trading platforms has created demand for low-latency, high-performance networking solutions in the BFSI sector.

Full Report: https://www.kbvresearch.com/network-engineering-services-market/

The North America region dominated the Global Network Engineering Services Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34,005.7 million by 2031. The Europe region is experiencing a CAGR of 8% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 9% during (2024 - 2031).

List of Key Companies Profiled

• Cisco Systems, Inc.
• Accenture PLC
• Ericsson AB
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Dell Technologies, Inc.
• IBM Corporation
• Juniper Networks, Inc.
• HCL Technologies Ltd.
• Infosys Limited
• Fujitsu Limited

Network Engineering Services Market Report Segmentation

By Transmission Mode

• Wired
• Wireless

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By Service Type

• Network Deployment
• Network Design
• Network Assessment

By Vertical

• IT & Telecom
• BFSI
• Healthcare
• Retail
• Government
• Energy & Utilities
• Education
• Manufacturing
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Network Engineering Services Market Size 2031

• January-2025
• 147 Pages

LAMEA Network Engineering Services Market Size | Share 2031

• January-2025
• 161 Pages

Europe Network Engineering Services Market Size | Share 2031

• January-2025
• 163 Pages

Asia Pacific Network Engineering Services Market Size 2031

• January-2025
• 164 Pages