Network Advisory Services Market to grow at a CAGR of 18%
The network advisory services market is estimated to grow at a significant CAGR of 18%, during the forecast period 2021-2031. One of the major growth drivers for the network advisory services market happens to be the rise in adoption of modern IT infrastructure solutions coupled with growing demand for managed outsourced services for IT asset management across the globe.
Network advisory services primarily examine and manage the existing network of a company in terms of its limitations and development opportunities. Examination of IT infrastructure includes network infrastructure, network security, and supportability. Moreover, rise is demand for resilient and efficient networks are increasingly important with the growing reliance on digital innovations and connectivity in the workplace.
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What is Driving Demand for Network Advisory Services?
Increasing adoption of modern infrastructure by the IT and telecom sector coupled with the rise in popularity of outsourced services in the service sectors is one of the major factors driving the growth of network advisory services market.
Service providers operating in the market are offering network advisory services in order to increase revenue through satisfactory services, retain their existing customers, and improve services with implementation of latest technologies so as to maintain hold a major share of the global network advisory services market.
Globally, the network advisory services market is predominantly driven by upsurge in demand for managed outsourced services for IT asset management and adoption of modern IT infrastructure solutions.
Furthermore, network advisory service providers operating in the market are anticipated to adopt upcoming trends by providing complementary services to clients, such as IT professional services, networking services, and managed services in IT asset management organizations.
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IT & Telecom is expected to hold the Largest Share of the Network Advisory Services Market by Industry
On the basis of industry, the network advisory services market has been bifurcated in to BFSI, healthcare, IT & telecom, retail, manufacturing, education, government, and others. Out of which, IT & telecom segment is expected to hold the largest share of the global network advisory services market.
This is owing to the increasing demand for cloud based software solutions across the IT industry. Moreover, increase in demand for cost effective advisory services is another major factor driving the growth of network advisory services market.
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US and Canada Network Advisory Services Market Outlook
U.S. happens to be one of the largest markets for network advisory services across the globe. The growth in U.S. is attributed to the presence of established players such as IBM, Hewlett Packard Enterprise, Capgemini, Alcatel-Lucent, Dell, and Oracle Corporation, among others in the region.
Moreover, US happens to be one of the technologically advanced countries across the globe. Upsurge in demand for outsourced managed network advisory services in order to develop and maintain IT infrastructure happens to be a key factor driving the growth of network advisory services market in the region.
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Europe Demand Outlook for Network Advisory Services
The rising demand for technology implementations is one of the primary factors driving the global network advisory services market. Moreover, due to growing prominence of digitization, organizations need the right technology in order to enable flexibility, agility, and security.
As the enterprises across the globe are focusing more on enhancing the network security and improving network performance management, the demand for network advisory services is projected to show major growth in the Europe region over the forecast period.
Who are the Key Manufacturers and Suppliers of Network Advisory Services?
Some of the leading providers of network advisory services include
- Huawei Technologies Co. Ltd
- Hewlett Packard Enterprise
- Oracle Corporation
Companies like CBRE are offering network advisory services that help the organizations in navigating the dynamic landscape of network technology in order to develop strategies that are primarily designed to realize cost savings while optimizing the performance and increasing reliability.
By Service Type
- Network Consulting
- Network Design
- Spending Analysis
By Enterprise Size
- Large Enterprises
- IT & Telecom
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Network Advisory Services Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.