Press release
Industrial Networking Solutions Market Report Includes Dynamics, Products, and Application 2017 - 2032
Industrial Networking Solutions Market size was valued at USD 12.30 Billion in 2021 and is projected to reach USD 97.98 Billion by 2030, growing at a CAGR of 26% from 2023 to 2030.The foundation of any architecture for an automation system is provided by industrial networking solutions. It offers a strong tool for data interchange and control. It offers efficient ways to regulate information, trade information, and adapt information to connect to different devices. These solutions, in contrast to conventional communication networks, are utilised for product distribution, information technology services, and technical assistance that requires wired and wireless networking systems.
An industrial network solution is a particular kind of solution that is seen as being crucial to the architecture of any automation system since it works to provide efficient ways of data interchange as well as data controllability and flexibility. Data communication between computers and other devices is made possible through communication networks.
Market Overview
The Industrial Networking Solutions Market is expected to be driven by an increase in the use of wireless technologies in industrial operations, the rising demand for predictive maintenance, an increase in ransomware and cyberattacks, and the emergence of data processing tools and data analytics during the forecasted period. Additionally, modern industrial networking solutions aid businesses in increasing service delivery effectiveness and streamlining operations. In the upcoming years, this is anticipated to drive the industry. In addition, it is anticipated that Asia-Pacific would expand quickly in the years to come.
The rapid industrialization of the area is to blame for this. Due to the adoption of cutting-edge technology by countries like China and Japan, the industry is anticipated to expand. For instance, the 5G spectrum was unveiled by the Japanese government in 2019.
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Global Industrial Networking Solutions Market: Major Players
• Belden
• Dell EMC
• Veryx Technologies
• Rockwell Automation
• Cisco
• Ergotech Controls, Inc.
• Moxa
• Juniper Networks
• Sierra Wireless
• Aruba Networks
Global Industrial Networking Solutions Market: Types
• SDWAN
• WLAN
• IIoT
Global Industrial Networking Solutions Market: Applications
• Remote Monitoring
• Asset Tracking & Management
• Supply Chain Management
• Real-Time Streaming & Video
• Emergency & Incident Management
• Predictive Maintenance
Global Industrial Networking Solutions Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Industrial Networking Solutions market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Reasons to Purchase this Market Report:
• The competitive environment includes the proportions of important players, recent innovations, and strategy.
• Companies with extensive product offerings, pertinent financial data, recent advancements, SWOT analyses, and player tactics.
• Quantitative, qualitative, value (in USD million), and volume (in units million) data are among the segments and sub-segments.
• The research contains a wealth of data, including market dynamics and opportunities throughout the forecast period.
• Data at the regional, sub-regional, and national levels also provides information on the market's supply and demand dynamics.
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FREQUENTLY ASKED QUESTIONS
• At what growth rate will the market be projected to grow during the forecast period of 2022 to 2029?
• Which market segments are covered in this report?
• Who are the major players operating in the market?
• Which countries data are covered in the report?
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