Industrial Networking Solutions Market Size is projected to expand commendably from 2021 to 2027. This is driven by the capability of the technology to perform remote diagnosis and repair as well as automate data capture in real-time, thus protecting staff and equipment within the industrial environment. In addition, the increasing usage of industrial networking devices in varied applications, including manufacturing as well as process and building automation, will further proliferate industry expansion during the forecast period. Industrial network solutions refer to networks of devices for automation, process control, industrial Ethernet, M2M networking, as well as IoT or IIoT. Industrial networking components may include equipment like PLCs, sensors, and flow meters, while the networking devices include multiplexers, short-range modems, and the like.
Robust demand for standardized wireless technologies, predominantly during the COVID-19 pandemic, is one of the prominent trends stimulating industrial networking solutions market dynamics during the forecast timeframe. With the increased acceptance of these technologies across factory floors, the need for the industrial networking design will increase, as wireless networking is becoming pervasive in the modern industrial environment. Furthermore, the emergence of Ethernet and IIoT and the subsequent rise of process automation could amplify industry growth, as industrial Ethernet networks ensure efficient transfer and collection of data required to perform a particular task.
With regards to application, the supply chain management segment will account for a major share in the industrial networking solutions market by 2027. Growth from the segment can be credited to the rapid digital transformation, backed by the implementation of cutting-edge technologies like edge cloud supporting augmented intelligence. The strong focus on automation and digitalization of the logistics sector to ensure higher transparency will also bolster the deployment of networking solutions, given their ability to help eliminate supply chain resource wastes and boost cycle times.
Latin America industrial networking solutions market will garner considerable revenue by 2027, on account of the high investment interest towards digital transformation in Brazil. For example, in April 2021, IDB (Inter-American Development Bank) approved a confidential credit line worth $1 billion for Brazil Plus Digital Program, which could augment the demand for industrial networking equipment to meet the needs for Industry 4.0 digitalization and beyond. Moreover, the rising adoption of IoT technology and the increasing launch of smart devices in the region will also spur the overall industry outlook in the coming years.
Key players in the global market include Sierra Wireless, Rockwell Automation, Inc., Jupiter Networks, Inc., Huawei Technologies Co. Ltd., Eaton Corporation PLC, Dell EMC, Cisco Systems, Inc., Belden Incorporated, Aruba Networks (HPE), and ABB. These market leaders are focusing on new product launches, mergers, acquisitions, and other strategies to gain a competitive edge over rivals in the global market. For instance, in June 2021, Dell Technologies entered a strategic infrastructure agreement with DISH Network Corporation to create private 5G wireless network solutions, multi-access cloud platforms, and software-defined wide area networks to deliver high value to a range of industries.
During the early phase of the COVID-19 pandemic, the auto industry witnessed a significant decline due to disruptions in auto spare part production by original equipment manufacturers. According to CBS’s data, the imported vehicle sales reduced by 13.1% in July 2021 as compared to a month earlier, while the overall auto sales dropped by 11.2%. Factors such as these have created a hindrance to industry progression, given the automotive industry’s role as a significant end-user of the solutions. However, the emergence of remote operations and management as a business-critical activity during the pandemic could fuel the acceptance of industrial networking components, to ensure precise real-time equipment diagnosis and repair even from a distance.
Market, By Component
Market, By Networking Type
Market, By Enterprise Size
Market, By Application
Market, By End-Use
The above information has been provided for the following regions and countries: