The network engineering services market size is expected to grow from USD 34.35 billion in 2017 to USD 54.69 billion by 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. The market growth is driven by the increasing demand by enterprises to optimize their network investments. Moreover, the rapidly increasing number of Internet of Things (IoT)-enabled devices are expected to further fuel the growth of the network engineering service market globally. However, network engineering requires expensive upgradations and optimizations, which may restrain the market growth.
The network deployment service type is expected to hold the largest market size during the forecast period. Network deployment is the most basic and important step in implementing network engineering services for optimizing network technologies. The network deployment process includes hardware delivery, physical installation, cabling, basic configuration, and equipment and integration testing. Network deployment service type is expected to hold the largest market size, owing to the rapid adoption of broadband and increasing need for new network infrastructure deployments.