Press release
Industrial Networking Solutions Market Size & Share, Analysis, Business Development Trends, High Growth and Forecast-2028
The objectives of this study are as follows:
• To define, describe, and forecast the " Industrial Networking Solutions" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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The need for industrial networking solutions is growing as major economic sectors are undergoing transformation as robots, vehicles and industrial control systems connect to the internet. Industrial networking solutions enable automation, not only at the factory level, but throughout the business processes. Thus, the demand for industrial networking solutions is increasing rapidly in various developing countries. Furthermore, the widespread adoption of personal devices in the workplace is also generating potential opportunities for the industrial networking solutions market. Moreover, the demand for industrial networking solutions is growing to provide integrated security and better manageability for industrial networks.
Global Industrial Networking Solutions Market: Dynamics
Drivers
The growing need for predictive maintenance and continuous increase in the demand for software defined wide area network are the primary factors fuelling the growth of the industrial networking solutions market. Also, the growing trend of BYOD (Bring-Your-Own-Device) is creating potential growth opportunities for the industrial networking solutions market. Moreover, the proliferation of wireless technologies in industry operations is also expected to drive the growth of the industrial networking solutions market. The growth of the smartphone and tablet market is enthralling many organizations to adopt industrial networking solutions to identify immediate needs in digital customer experience.
Apart from this, the advent of data analytics and data processing tools is also expected to drive the growth of the industrial networking solutions market during the forecast period. Moreover, the continuous increase in the number of IoT devices is one of the major factors fuelling the growth of the industrial networking solutions market.
Challenges
The rising complexities in connecting legacy systems to smart infrastructure is the primary factor hampering the growth of the industrial networking solutions market. Apart from this, data security and privacy concerns are hindering the growth of the industrial networking solutions market.
Global Industrial Networking Solutions Market: Segmentation
Segmentation of the industrial networking solutions market on the basis of component:
Hardware Software Services Network planning and optimization Network Integration Network Security Network testing Network Orchestration and provisioning Training and consulting Support and Maintenance
Segmentation of the industrial networking solutions market on the basis of networking type:
Wireless networking Wireline networking
Segmentation of the industrial networking solutions market on the basis of organization type:
Large Enterprises Small and Medium Enterprises
Segmentation of the industrial networking solutions market on the basis of deployment type:
Cloud-based On-premises
Segmentation of the industrial networking solutions market on the basis of vertical:
Global Industrial Networking Solutions Market: Competition Landscape
Some of the prominent players in the global industrial networking solutions market include Juniper Networks, Dell EMC, Huawei Technologies Co., Ltd., Sierra Wireless, Cisco Systems, Rockwell Automation, ABB, Veryx Technologies, Belden Inc. and Moxa, Inc.
Global Industrial Networking Solutions Market: Regional Overview
On the basis of geography, North America is expected to be a large market for industrial networking solutions due to the early adoption of digital technologies and presence of various providers of industrial networking solutions in the region. The demand for industrial networking solutions in APAC and Europe is expected to grow rapidly in the coming few years due to the increasing adoption of cloud and mobile technologies by various small- and medium-sized companies. Furthermore, the rising trend of industrial IoT in various countries such as Japan, Germany, China, the U.K. and India is also expected to drive the growth of industrial networking solutions in Europe and Asia Pacific.
The industrial networking solutions markets in Latin America and the MEA are also expected to witness high growth in the industrial networking solutions market in the coming period due to the rise in digital technologies and increasing adoption of smart phones and tablets in these regions.
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The report covers exhaustive analysis on:
Regional analysis for Global Industrial Networking Solutions Market includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Banking, Financial Services and Insurance (BFSI)
• IT & Telecommunication
• Automotive
• Transportation & Logistics
• Manufacturing
• Consumer Electronics
• Others
• Global Industrial Networking Solutions Market Segments
• Global Industrial Networking Solutions Market Dynamics
• Historical Actual Market Size, 2013 – 2017
• Global Industrial Networking Solutions Market Size & Forecast 2018 to 2028
• Supply & Demand Value Chain for Industrial Networking Solutions Market
• Global Industrial Networking Solutions Market Current Trends/Issues/Challenges
• Competition & Companies involved in Industrial Networking Solutions Market
• Industrial Networking Solutions Market Solutions Technology
• Value Chain of Industrial Networking Solutions Market
• Global Industrial Networking Solutions Market Drivers and Restraints
• North America Industrial Networking Solutions Market
• U.S.
• Canada
• Latin America Industrial Networking Solutions Market
• Argentina
• Mexico
• Brazil
• Rest of Latin America
• Western Europe Industrial Networking Solutions Market
• Germany
• France
• U.K.
• Spain
• Italy
• Nordic
• Benelux
• Rest of Western Europe
• Eastern Europe Industrial Networking Solutions Market
• Poland
• Russia
• SEA & Others of APAC Industrial Networking Solutions Market
• Australia and New Zealand (A&NZ)
• India
• ASEAN
• Rest of SEA & Others of APAC
• Japan Industrial Networking Solutions Market
• China Industrial Networking Solutions Market
• Middle East and Africa Industrial Networking Solutions Market
• GCC Countries
• North Africa
• South Africa
• Rest of MEA
• Detailed overview of parent market
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint
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