Global Network Consulting Market 2017-2021

Overview of the global network consulting market

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.

Competitive landscape and key vendors