The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing need for cloud-based solutions is likely to spur innovation in networking support services manufacturing, propelling the market throughout the forecast period.

The global networking support services market is expected to grow from $838.14 billion in 2022 to $886.56 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The global networking support services market size is expected to reach $1,120.55 billion in 2027 at a CAGR of 6.0%.

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Global Networking Support Services Market Segments Include:

• By Type: LAN-as-a-Service, WAN-as-a-Service
• By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
• By Deployment Type: On-Premise, Cloud
• By End-User Industry: Banking, Financial Services And Insurance (BFSI), IT And Telecommunication, Government And Public Sector, Healthcare And Life Sciences, Manufacturing, Retail And Consumer Goods, Transportation And Logistics, Other End-User Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global networking support services market in 2021.

Major Market Players in the networking support services market include Cisco Systems Inc., Verizon Communications Inc., AT&T Inc., Cloudflare Inc., International Business Machines Corporation, DXC Technology Company, Hewlett Packard Enterprise.

Technological developments are a prominent trend in the networking support service market. To maintain their market position, major networking support service providers are using new technology. For example, Ciena, a US-based producer of telecommunications networking equipment and software services, announced Colt Technology Services (Colt) in March 2023, a new technology that enables better adaptability and adjustability and is entirely programmable. The Colt IQ Network is designed to provide on-demand high-bandwidth access. Colt can simplify deployment, procedure, and troubleshooting with built-in technologies such as Zero-Touch Provisioning (ZTP), network auto-discovery, and actual network tracking and accessibility.

The Networking Support Services Global Market Report 2023  provides a networking support services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The networking support services market forecast analyzes networking support services market size, networking support services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A networking support service is one that focuses on the upkeep of an existing business network. It makes system updates easier, ensures the security of company data, and lowers the expense of investing in cutting-edge technology.

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