Dublin, May 03, 2022 (GLOBE NEWSWIRE) -- The "Telecom Consulting Market Research Report: By Network Type, Service, Application - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
From an estimated $5,307.2 million in 2021, the telecom consulting market value is set to reach $14,519.6 million by 2030, witnessing an 11.8% CAGR between 2021 and 2030.
Key players in the industry are Bain & Company Inc., L.E.K. Consulting LLC, Telefonaktiebolaget LM Ericsson, Boston Consulting Group Inc., Capgemini Services SAS, McKinsey & Company, Wipro Limited, CGI Inc., Accenture PLC, Tata Consultancy Services Limited, Atos SE, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, KPMG International Limited, and Ernst & Young Global Limited.
Apart from merely planning and consulting, these firms offer system integration and operations and maintenance services to telecom operators worldwide. Among these, the demand is the highest for planning and consulting, because of the changing network demands of people, which is making telcos adapt their own systems. Thus, they are engaging consultants to offer expert advice, analyze their existing systems, and help them enhance their network coverage with maximum cost saving.
As the services offered by the market players are highly technical and require immense skill and knowledge for their dispersal, the industry is consolidated, with only established consulting companies operating in it. The players at the top have extensively engaged in collaborations and partnerships, service launches, and mergers and acquisitions to enhance their offerings and gain the trust of more customers.
These measures of telecom consulting market players are being encouraged by the rapid digital transformation of businesses across all industries. This is leading to the changing demands of companies with respect to networks and connectivity. With individuals and entities in all corners of the world demanding higher download and data transmission speeds with low latency, telecom companies are being compelled to work with consultants to enhance their services.
Key Findings of Telecom Consulting Market Report
- The adoption of artificial intelligence, online news, TV, and gaming; digital personal assistants, connected and autonomous vehicles, digital baking and shopping, and other virtual solutions is driving telcos to enhance their network connectivity, which is why they are engaging consultants.
- In this regard, the rapid rollout of 5G is the strongest telecom consulting market growth driver. Telecom companies will need to quickly and cost-effectively enhance their existing infrastructure, add new towers, and adopt artificial intelligence to predict peak traffic, forecast end user distribution, and enhance network capability.
- This is also why most telecom companies avail consulting services as the first step in the installation of new wireless networks and the enhancement of the existing ones.
- Most of the requests for telecom consulting services are made for cloud services, which have revolutionized the IT sector by allowing companies and individuals to store their data and access advanced software on third-party servers.
- North America generates much of the telecom consulting market revenue as its telecom and IT sectors are undergoing swift technological advancements, especially with the rollout of 5G networks.
- The fastest-rising demand for consulting services will be witnessed among the telcos of the Asia-Pacific (APAC) region, where an increasing number of people are getting connected to the internet and demanding faster network speeds and low latency.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.5 Market Size Breakdown by Segment
1.6 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
2.6 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/Kols
Chapter 5. Market Indicators
5.1 Increasing Internet Penetration
Chapter 6. Definition of Market Segments
6.1 by Network Type
6.1.1 Wireless
6.1.2 Wired
6.2 by Service
6.2.1 Planning and Consulting
6.2.2 Operations and Maintenance
6.2.3 System Integration
6.3 by Application
6.3.1 Cloud Services
6.3.2 Unified Communications
6.3.3 Fte/Lte/Ftth/4G/5G
6.3.4 Smart Grid
6.3.5 Mobile Broadband
Chapter 7. Industry Outlook
7.1 Market Dynamics
7.1.1 Trends
7.1.1.1 Rapid Digital Transformation of Enterprises
7.1.2 Drivers
7.1.2.1 Increasing Requirement for Strong Network Connectivity
7.1.2.2 Rapid Adoption of Advanced Technologies by Businesses
7.1.3 Impact Analysis of Drivers on Market Forecast
7.1.4 Restraints
7.1.4.1 Network Security Issues
7.1.5 Impact Analysis of Restraints on Market Forecast
7.2 Impact of Covid-19
7.3 Porter's Five Forces Analysis
Chapter 8. Global Market Size and Forecast
8.1 Overview
8.2 Market Revenue, by Network Type (2015-2030)
8.3 Market Revenue, by Service (2015-2030)
8.4 Market Revenue, by Application (2015-2030)
8.5 Market Revenue, by Region (2015-2030)
Company Profiles
- Bain & Company Inc.
- Telefonaktiebolaget Lm Ericsson
- L.E.K. Consulting LLC
- Boston Consulting Group Inc.
- Mckinsey & Company
- Capgemini Services Sas
- Wipro Limited
- Accenture plc
- Cgi Inc.
- Tata Consultancy Services Limited
- International Business Machines Corporation
- Atos Se
- Deloitte Touche Tohmatsu Limited
- Ernst & Young Global Limited
- Kpmg International Limited
For more information about this report visit https://www.researchandmarkets.com/r/x9hhay
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