IBM (US), Huawei (China) are leading players in Network Engineering Services Market
The global Network Engineering Services market size is expected to grow from USD 48.7 billion in 2022 to USD 76.3 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.
The major players in the network engineering services market include Cisco (US), IBM (US), Ericsson (Sweden), Huawei (China), Juniper Networks (US), HCL Technologies (India), Infosys (India), NTT Global Networks (US), Fujitsu (Japan), Cyient (Hyderabad), CSS Corp (US), Accenture (Ireland), Aviat Networks (US), AT&T (US), Wipro (India), TCS (India), Tech Mahindra (India), Mphasis (India), CODETRU (US), Inspira Enterprise (India), Advance Digital Systems (US), Nexius (US), Hughes Systique (US), CHR Solutions (US), Velocis Systems (India), IMMCO (US), Sincera (US), and Vertikal6 (US). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2018 to 2021, which helped companies innovate their offerings and broaden their customer base.
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IBM is one of the leading providers of hardware, software, and a broad range of infrastructure, hosting, cloud, and consulting solutions. It operates through six business segments: technology solutions and cloud platforms, cognitive solutions, global business solutions, systems, global financing, and others. It offers a diversified product portfolio that ranges from software to finances and storage to integrated systems. The company’s network management products offer a comprehensive solution for enterprise network monitoring and management needs. It provides detailed network discovery, device monitoring, topology visualization, and root cause analysis capabilities. These solutions can be extensively customized and configured to manage different networks. IBM provides solutions to various verticals, such as IT, healthcare and life sciences, government, telecom, automobile, manufacturing, consumer goods, chemicals and petroleum, electronics, energy & power, media & entertainment, mining, retail, BFSI, travel & transportation, and education. IBM has a presence in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Huawei is a leading global provider of information and communications technology infrastructure. It is committed to digitalizing organizations in a fully connected world. It has a wide range of products that cater to connectivity, cloud computation, telecommunication, and other solutions. It has operated in more than 170 countries and has approximately 195,000 employees; over 267 Fortune Global 500 companies adopted Huawei solutions and services. It offers a diverse computing power to deliver ubiquitous cloud and intelligence. In the network engineering services market, the company offers different services under its Network Design and Implementation Service portfolio. It includes WAN/Campus Data Communication Planning and Design Service, SDN Planning, Design, and Implementation Service, Mobile Network Planning, Design, and Implementation Service and Enterprise Transmission & Access Network Planning, Design, and Implementation Service.
Related Reports:
Network Engineering Services Market by Service Type (Network Assessment, Network Design, Network Deployment), Transmission Mode (Wired, Wireless), Organization Size (Large Enterprises, SMEs), Vertical and Region - Global Forecast to 2027
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