Industrial Networking Solutions Market by Component (Solution and Services),Opportunities and Forecasts, 2021-2027

An industrial network solution is the backbone of any automation system architecture as it provides powerful means of data exchange and data controllability and flexibility to connect various devices. Data communication refers to the transfer of information or data, mostly in digital format, from a transmitter to a receiver through a link connecting these two. Traditional communication networks are used to enable data communication between computers and other devices. These networks are used in the distribution of products, offer technical support, and provide IT services, which need wired and wireless networking system.

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Rise in the growth of industrial IoT and proliferation of wireless technologies in industry operations are the major factors that drive the growth of the industrial networking solutions market. In addition, increase in demand for industrial ethernet & wireless technologies and increase in the advent of data analytics and data processing fuels the growth of the industrial networking solutions market growth. However, data security and privacy concerns as well as data migration challenges hamper the growth of the market. Furthermore, widespread adoption of personal devices in the workplace and continuous increase in the number of IoT devices are anticipated to create major opportunities in the industrial networking solutions market.

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The industrial networking solutions market is segmented into component, organization size, networking type, application, industry vertical, and region. In terms of component, it is bifurcated into solution and services. As per organization size, it is segmented into large enterprises and small & medium enterprises. By networking type, it is divided into wireline networking and wireless networking. By application, it is classified into remote monitoring, asset tracking & management, supply chain management, real-time streaming & video, emergency & incident management, and predictive maintenance. As per industry vertical, industrial networking solutions market is categorized into BFSI, retail & e-commerce, manufacturing, government & defense, energy & utilities, IT & telecom, education, healthcare, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The key players profiled in the industrial networking solutions market analysis are Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Belden Incorporated, Eaton Corporation Inc., and Aruba Networks. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future industrial networking solutions market trends are outlined to determine the overall attractiveness of the market.

KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global industrial networking solutions market share along with the current trends & future estimations to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global industrial networking solutions market from 2018–2026 provided to determine the market potential.

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