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Market research analysts at Technavio predict that the global network consulting market will grow steadily during the next four years and post a CAGR of almost 7% by 2021. This market research analysis identifies the increasing shift from the CAPEX to OPEX business model as one of the primary growth factors for this market. To leverage cost efficiencies, enterprises across the world have started shifting from the CAPEX to OPEX business model. This will boost the adoption of cloud-based networking services. Cloud-based services such as IaaS, platform-as-a-service (PaaS), and software-as-a-service (SaaS) are flexible in terms of deployment models and also allows clients to select a range of cloud-based networking services depending on their IT budgets and business requirements. Cloud-based networking solutions provide all the benefits of an on-premises system and also reduce the total cost of ownership of the network infrastructure by eliminating the need for technical expertise and maintenance. This will enable organizations to focus on their core business competencies cost-efficiently, which will induce more companies to opt for cloud-based based services.
One of the major trends that will gain traction in this market is the emergence of the Internet of Things (IoT) consulting services. The transformation of networking and communication systems through network automation will lead to the growth of IoT consulting services across the globe. IoT consulting services will create a framework that brings innovation, design, and IT security to the networking systems, which will again drive the adoption of network consulting services.
The market is characterized by the presence of numerous network consulting companies who are significant players in providing network consulting services. According to the network consulting market forecast, vendors with a wide portfolio of services and solutions exhibit a significant market presence and major players who offer innovative and high-quality services currently dominate the market. To cater to the changing demands of businesses, vendors are required to constantly innovate their products and services. Product portfolio, technology differentiation, product and service quality, product and service pricing, and technical expertise are the major factors that vendors usually compete on.
The leading vendors in the market are -
The other prominent vendors in the market are Alcatel-Lucent (Nokia), Capgemini, Dell, Ericsson, Getronics, HCL Technologies, Infosys, Juniper Networks, Microland, Nokia, Oracle, TCS, and Unisys.
This market study estimates that in terms of geographical regions, the Americas was the major revenue contributor to the market during 2016. This mainly attributed to the growth of various industrial sectors in the region such as BFSI, telecom, public sector, and oil and gas. The increasing demand for network consulting from both the private and government sectors in South America will drive the market’s growth in the coming years. Additionally, the intensifying competition that induces firms in the US to develop network infrastructure to gain a competitive edge in the market and the increasing complexity of the process will also boost the network consulting market size and share in the region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor profile
PART 14: Appendix
PART 15: Explore Technavio
Tags: network consulting companies, PaaS, technology consulting, it consulting services, enterprise application market study, enterprise application market outlook,
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