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Global Network Engineering Services Market Worth $76.3 Billion by 2027, Growing at a CAGR of 9.4%

Feb. 23, 2023

The major factors driving the growth of the Network Engineering Services market include the shift toward digital transformation, increasing adoption of cloud-based solutions and need of online presence.

New technology trends like software-defined networking (SDN), Ultra-Low latency and network functions virtualization (NFV) are changing how networks are deployed and managed. The current business ecosystem has increased the demand for digital transformation, access from anywhere, and secure access, with enterprises and SMEs needing more networking, cloud, and ICT service assistance.

Innovations in networking, 5G, semiconductor technology, cloud, IoT, and flexibility in protocol customization create opportunities for people and businesses that are never seen before. Network services are required to accommodate high speed, seamless access from anywhere, and a data exchange experience that can cater to consistent traffic upsurge.

The growing demand for upgrades to smart technology for networks, cloud inclusion, threats, budgetary constraints, remote access, and the need for skilled network engineers are expected to grow, driving the demand for network engineering services.

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ISE Staff