Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Network Consulting Services Market size was valued at USD 18.07 billion in 2024 and is set to exceed USD 41.48 billion by 2037, registering over 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of network consulting services is estimated at USD 19.02 billion.
The rise in ICT spending on new technologies impels the reason behind the growth. New technologies such as artificial intelligence, robotics, and virtual reality (VR)/ augmented reality (AR) are expected to represent more than 25% of ICT spending in the upcoming 5-10 years, which will increase the number of networks worldwide and is expected to further boost the demand for network consulting services.
The increasing market automation is believed to fuel network consulting services market growth. For instance, it was found that, in 2022, over 50% of companies are adopting market automation technology worldwide. Moreover, the purpose of network consulting services is to offer suggestions on technological automation and assist companies in implementing automation processes from a holistic perspective.
Network Consulting Services Market: Growth Drivers and Challenges
Growth Drivers
- Growing Volume of Data – This results in growing concerns about data security and privacy critical to the organization's success, which makes network consulting a crucial part of a strong cybersecurity architecture, and has also become essential for planning, and refining networks to effectively handle the increasing volumes of data.For instance, every day, over 2 quintillion bytes are produced worldwide, and the data volume is expected to exceed 170 zettabytes by 2025.
- Upsurge in the Number of Internet Users – Network consultants create and manage network infrastructure for their clients, provide assessments of network maturity, maintain safe servers, generate internet domains, and expand server capacity to maximize information flow. It is observed, that approximately 69% of the world’s population will be actively using the Internet in 2022.
- Growing Cloud-based Storage- Owing to their superior performance, security, and data protection, data storage consulting services are ideal for professional cloud storage as they can support companies of all sizes in implementing object storage, and can also support the creation of hybrid cloud strategies that take into account the unique requirements of each enterprise.It was found that, in the year 2015, about 25% of data was stored in the cloud globally, whereas the total amount of data that will be stored in the cloud is estimated to reach ~50% by 2025.
Challenges
- Concern of Increasing Data Breaches - When someone from the outside manages to get past the security and into the network, it is called a network security breach which poses a significant obstacle for network consulting services. Moreover, the complexity of handling data breach concerns is increased by the size and extent of contemporary networks, and given the ever-changing nature of the industry.
- Challenges to Abide by the Changing Regulatory Policies can Increase the Complexity
- Changing Client Demands and Shortage of Skilled Professionals
Network Consulting Services Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.6% |
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Base Year Market Size (2024) |
USD 18.07 billion |
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Forecast Year Market Size (2037) |
USD 41.48 billion |
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Regional Scope |
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Network Consulting Services Segmentation
Enterprise (SMEs, Large Enterprises)
The large enterprises segment in the network consulting services market is estimated to gain a robust revenue share of 60% in the coming years. The process of creating a network for a large organization involves selecting the network architecture that most closely matches the needs and usually depends on an organization's size and needs. The process of organizing and creating a communications network known as network design must concentrate on the security precautions that are essential to protecting the data of the company. Moreover, to accomplish their targeted business goals, large organizations can review and optimize the performance of their network infrastructure with the aid of network consultancy services which also aid in the creation of disaster recovery plans, and offer more manageable daily solutions.
When it comes to managing a profitable business, network performance is essential as it can increase customer happiness, foster trust, and obtain a competitive advantage in the market. This necessitates the adoption of network consulting services that are designed to produce a blueprint that maximizes network performance boosts productivity and cuts back on overhead.
Service Type (Network Designing & Planning, Network Testing, Network Security)
The network designing & planning segment in the network consulting services market is set to garner a notable share shortly. Network topology, also referred to as network planning and design, is the logical, virtual, and physical configuration procedure that involves iterations for an IT network's infrastructure. Any network growth, alteration, or modernization requires careful planning and computation as it is necessary for the deployment of a new network or the upgrade of an existing one. Through the identification of risks and opportunities, network consulting services can help maximize the value of any organization’s current network infrastructure and offer strategy, risk assessment, planning, and design services, as well as a lifecycle approach that is in line with research-based strategy, assessment, and project planning.
Our in-depth analysis of the global network consulting services market includes the following segments:
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Service Type |
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Organization |
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Industry |
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Customize this ReportNetwork Consulting Services Industry- Regional Synopsis
North American Market Forecast
Network consulting services market in North America industry is poised to account for largest revenue share of 42% by 2037 impelled by rapid digitalization. The United States economy and the workplace have seen significant transformation in recent decades owing to digitalization, which is anticipated to increase US GDP by more than USD 1 trillion by 2025 while displacing around 11 million middle-skill employment. Moreover, the U.S. finds that digital transformation is now a must for organizations in many industries as a result, businesses are becoming more reliant on service providers. American businesses are quickly implementing cloud computing, IoT, AI, virtual, and mixed reality (AR/VR/MR) and cybersecurity solutions to improve manufacturing and maintenance processes, and give consumers and employees more immersive experiences.
APAC Market Statistics
The Asia Pacific network consulting services market is estimated to be the second largest, during the forecast timeframe led by the increasing deployment of 5G networks. For instance, In India, 5G is now widely used and recently over 300,000 5G base transceiver stations (BTS) have been deployed in more than 712 districts throughout the country.
Companies Dominating the Network Consulting Services Market
- Cisco Systems, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Huawei Technologies Co., Ltd
- IBM Corporation
- Hewlett Packard Enterprise Company
- Capgemini Services SAS
- Telefonaktiebolaget LM Ericsson
- Unisys Corporation
- Dell Technologies, Inc.
- Oracle Corporation
In the News
- Huawei Technologies Co., Ltd. launched the industry's first Storage-Optical Connection Coordination (SOCC) solution, which provides the advantages of storage devices and optical transmission products to prevent financial transaction failures caused by network jitter, ensuring stable and reliable financial transactions.
- Cisco Systems, Inc. announced a collaboration with Axians, a Vinci Energies brand, to provide Cisco private 5G to enterprises across industries in Germany and the Netherlands and support the adoption of IoT with the power of 5G. Delivered a service by Axians, Cisco’s Private 5G solution will ensure automation, flexibility, efficiency, and security to help customers enhance digital transformation and expand their IoT capabilities.
Author Credits: Abhishek Verma
- Report ID: 4290
- Published Date: Nov 27, 2024
- Report Format: PDF, PPT
