Industrial Networking Solutions Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3741
Industrial Networking Solutions Market size is rapidly growing from 2019 to 2025 due to increasing need for predictive maintenance in industry operations. The proliferation of wireless technologies coupled with the advent of advanced technologies, such as data processing and data analytics, in industry operations due to the rapid adoption of Industry 4.0 across various sectors, such as automotive and manufacturing, is driving the industrial networking solutions market growth.
The wireless network segment will grow at a significant CAGR over the forecast timeline. The rising need to reduce cabling and cabling cost and the growing demand for mobile communications owing to harsh conditions across various sectors, such as manufacturing, automotive, chemical, and pharmaceutical, are proliferating the wireless networking sector in the industrial networking solutions market. Growing security concerns over data transmission and data visualization & analytics in real-time are anticipated to drive the market growth. The increasing adoption of the IIoT, smart connected devices, and agile networks in manufacturing, automotive, and other sectors is contributing to the growth in the wireless networking sector of the market.
The services subsegment in the component segment is expected to hold a dominant industrial networking solutions market share over the forecast timeline. The harsh operational environment of a factory requires integration & deployment of industrial networking services to maintain industrial networking infrastructures. Additionally, industrial networking services cater to industrial operation demands such as network planning & optimization, network integration & orchestration, consulting & training, and network provisioning.
North America held the largest industrial networking solutions market share in 2018 and is anticipated to dominate over the forecast timeline. The region is early an adopter of advanced technologies such as IIoT, SD-WAN, and WLAN. Organizations in the region are integrating industry networking solutions with their operations to enhance their networking ecosystem and support market growth. The presence of prominent market players in the region, such as Cisco and Dell-EMC, are contributing to industrial networking solutions market growth. The countries present in the region are well-established and sustainable, empowering governments to invest in research & development activities and develop smart infrastructure. For instance, in the FY 2017 Networking and Information Technology Research and Development (NITRD) of the U.S. in the President’s Budget reports to Congress estimated a budget of USD 4.54 billion to be invested across 21 Federal agencies and 10 R&D focus areas.
Asia Pacific is estimated to grow at a significant CAGR in the industrial networking solutions market due to the rapid adoption of Industry 4.0 in the region across manufacturing, automotive, and other sectors. The supportive government investment in the region to support industrial digitization is expected to drive the market growth in the region. For instance, in September 2015, the Indian government announced to invest USD 1.2 trillion over a period of 20 years to develop 100 Indian cities into smart cities.
The market players in industrial networking solutions are focusing on strategic alliances with other players to enhance their product portfolios and expand their geographical presence. For instance, in April 2019, Belden Inc. acquired OPTERNA and will be managed alongside PPC Broadband, Inc. The acquisition will help Belden Inc. to increase its customer base across the U.S. and Europe regions. Some of the key market players of industrial networking solutions market, which include automotive manufacturers are ABB, Aruba Networks, Belden Incorporated, Cisco Systems, Inc., Dell EMC, Eaton Corporation Inc, Huawei Technologies Co. Ltd., Jupiter Networks, Inc., Rockwell Automation, Inc., and Sierra Wireless.
Industrial Networking Solutions Market, By Component, 2014-2025 (USD Million)
- Software-Defined Wide Area Network (SD-WAN)
- Wireless Local Area Network (WLAN)
- Industrial Internet of Things (IIoT)
- Network Planning & Optimization
- Network Integration & Orchestration
- Consulting & Training
- Network Provisioning
- Updates & Maintenance
Industrial Networking Solutions Market, By Networking Type, 2014-2025 (USD Million)
- Wireline Networking
- Wireless Networking
Industrial Networking Solutions Market, By Enterprise Size, 2014-2025 (USD Million)
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Industrial Networking Solutions Market, By Application, 2014-2025 (USD Million)
- Remote Monitoring
- Asset Tracking & Management
- Supply Chain Management
- Real-Time Audio & Video Streaming
- Emergency & Incident Management
- Predictive Maintenance
Industrial Networking Solutions Market, By End-Use, 2014-2025 (USD Million)
- Consumer Electronics
- Food & Beverages
- IT & Telecom
- Logistics & Transportation
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Aruba Networks
- Belden Incorporated
- Cisco Systems, Inc.
- Dell EMC
- Eaton Corporation Inc
- Huawei Technologies Co. Ltd.
- Jupiter Networks, Inc.
- Rockwell Automation, Inc.
- Sierra Wireless
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