Networkengineering services facilitate organizations in technology assessment,planning, design, and deployment of network models. The network engineeringservices market is expected to grow significantly, owing to the growing demandfor high speed and large network coverage and a rapid increase in the number ofInternet of Things (IoT)- enabled devices. MarketsandMarkets forecasts the network engineering services market size to grow from USD 34.35 Billion in 2017 to USD54.69 Billion by 2022, at a CAGR of 9.8% from 2017 to 2022.
The networkengineering services ecosystem comprises several vendors, Accenture (Ireland),Ericsson (Sweden), IBM (US), Huawei (China), Juniper Networks (US), Dell (US),Cisco (US), Fujitsu (Japan), Aviat Networks (US), Tech Mahindra (India), andMphasis (India). Players in this market have embraced different strategies toextend their worldwide presence and increase their market share. New productlaunches & upgradations, partnerships/collaborations, agreements, andbusiness expansions are some of the strategies adopted by the market players toenhance their product and service offerings and expand their customer base.
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Majorcompanies such as Cisco and Ericsson have adopted the strategy ofpartnerships/collaborations and introduced new services to expand their serviceportfolio and strengthen their market position in the network engineeringservices market. Cisco is one of the leading providers in this market. Thecompany caters to a wide clientele as well as organizations operating infinancial services, healthcare, manufacturing, government, and other sectorsthrough its innovative products and solutions. The company’s long-term strategyis focused on expanding its partner network through agreements andcollaborations with major players in the market to strengthen its portfolio andserve a large customer base worldwide. In December 2017, Cisco Systemspartnered with Digicel, a telecommunication services provider, to fast-trackdigital transformation and expand its presence in the Caribbean and CentralAmerican regions.
Ericsson isanother major provider of network engineering services. The company offers acomprehensive portfolio of services in the market. It focuses on both inorganicand organic growth strategies to tap into the network engineering servicesmarket. In October 2017, Ericsson signed an agreement with Etisalat. Thecontract would enable Ericsson to expand its presence in Egypt throughtransforming the core network and business support systems.
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