Telecom Consulting Market Size, Trends, Business Strategies, COVID-19 Impacts and Analysis Through 2030

Globally, North America was the largest contributor to the market in 2021. This was primarily due to the increase in the demand for high bandwidths, rapid deployment of mobile networks, and rise in the adoption of cloud services in the region.

Factors such as the surge in need for strong network connectivity and the rapid adoption of advanced technologies by enterprises will help the telecom consulting market advance at a robust CAGR of 11.8% during 2021–2030. According to P&S Intelligence, the industry was valued at $5,307.2 million in 2021, and it will generate $14,519.6 million revenue by 2030. In recent years, the rapid digital transformation of business entities has become a major market trend, as digitization has transformed the way enterprises interact with customers and carry out their internal processes.

The rising need for strong network connectivity is one of the key growth drivers of the market, as improved connectivity is vital to the smooth functioning of large enterprises. The prominent role of strong network connectivity can be credited to the effective communication offered by it. Additionally, stable connectivity helps business organizations access enterprises data from anywhere with robust security standards. To achieve these objectives, businesses are increasingly opting for telecom consulting services and solutions.

Browse detailed report on Global Telecom Consulting Market Trends and Business Scenario 2030

In addition, the increasing adoption of state-of-the-art technologies by business entities will also steer the telecom consulting market growth, worldwide. In this era of digitization, enterprises are largely focusing on the adoption of AI, ML, and IoT technologies, as the deployment of these technologies has resulted in the development of cloud transformation telecom consulting. In contemporary times, major telecom firms are adopting new-generation technologies to facilitate network expansion and reduce operational costs.

The cloud services, within the application segment, accounted for the largest share in the telecom consulting industry in 2020. This was on account of the surging requirement for the agility and rapid scalability of applications and software. Whereas, the unified communications category is expected to showcase the fastest growth in this decade. This will be on account of the ability of unified communications to give an employee the facility of responding to customers from any location.

Currently, the telecom consulting industry is consolidated, due to the presence of several key players, such as Bain & Company Inc., Accenture PLC, Boston Consulting Group Inc., Tata Consultancy Services Limited, Wipro Limited, KPMG International Limited, Deloitte Touche Tohmatsu Limited, and IBM Corporation. Nowadays, these companies are involved in partnerships and collaborations to consolidate their position. For instance, in October 2021, Stellants, TIM, and Accenture PLC agreed to implement a private 5G network pilot project at a manufacturing plant of Stellants in the Automotive Centre of Goiana, in northeastern Brazil.

Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/telecom-consulting-market/report-sample

Globally, the North American telecom consulting market is expected to generate the highest revenue throughout this decade. This will be due to the presence of prominent market players, rapid deployment of mobile networks, rise in need for high bandwidths, and surge in adoption of cloud services in the region. However, the APAC market is expected to exhibit the fastest growth in the coming years, owing to the mounting investments being made by businesses in data security and cloud-enabled solutions.

Thus, the surging requirement for strong network connectivity and the increasing deployment of new-generation technologies will supplement the market growth.

Telecom Consulting Market Size Breakdown by Segments

By Network Type

Wireless
Wired

By Service

Planning and Consulting
Operations and Maintenance
System Integration

By Application

Cloud Services
Unified Communications
Fault-Tolerant Ethernet (FTE)/Long-Term Evolution (LTE)/Fiber to the home (FTTH)/4G/5G
Smart Grid
Mobile Broadband

By Region

North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia-Pacific
China
Japan
India
South Korea
Australia
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa

Browse More Reports

Global 5G Infrastructure Market – Geographically, North America dominated the 5G infrastructure market in the years gone by, and it is predicted to surge sharply in the coming years as well. This is credited to the soaring investments being made in 5G infrastructure by regional governments.

Global Optical Networking and Communication Market – The Asia-Pacific region dominated the optical networking and communication market, and it is projected to register the highest CAGR during the forecast period as well. Optical networks are majorly used for the evolution of broadband services.

Media Contact
Company Name: P&S Intelligence
Contact Person: Abhishek
Email: Send Email
Phone: +918887787886
Address:Noida Sector 2
City: Noida
State: UP
Country: India
Website: https://www.psmarketresearch.com/market-analysis/telecom-consulting-market