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Industrial Networking Solutions Market worth $86.07 billion by 2030, growing at a CAGR of 16.57% - Exclusive Report by 360iResearch
Industrial Networking Solutions Market | 360iResearch
The Global Industrial Networking Solutions Market to grow from USD 29.42 billion in 2023 to USD 86.07 billion by 2030, at a CAGR of 16.57%.
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Industrial networking solutions are the comprehensive set of technologies, protocols, and practices implemented to ensure robust, secure, and reliable communication among various devices and systems within industrial environments. Industrial networking solutions connect a myriad of devices, such as sensors, actuators, control systems, and human-machine interfaces (HMIs), thereby creating a cohesive ecosystem that can exchange data and make coordinated decisions. The increased industrial activity and stringent industry regulations requiring robust network systems to ensure safety and data integrity promote the deployment of industrial networking solutions. In addition, the transition towards smart manufacturing is a chief driver for adopting advanced networking solutions. However, vulnerability to cyber-attacks and a shortage of skilled experts who can design, implement, and maintain sophisticated networking solutions limit the usage of industrial networking solutions. Moreover, the cost associated with deploying advanced industrial networking solutions may hinder the penetration of solutions among small and medium-scale industries. Nevertheless, the integration of 5G technology for enhanced bandwidth and lower latency and the increasing applicability of industrial networking solutions across process industries are expected to create opportunities for the market in the coming years.
The Americas region represents a robust market for industrial networking solutions due to advanced manufacturing sectors and the early adoption of IoT technologies. End-user needs in this region are primarily driven by a quest for efficiency gains, data analytics, and automation in various industries, including automotive, aerospace, and energy. A significant push for smart manufacturing in the Americas has increased demand for industrial Ethernet, wireless communication, and cyber-secure networking. In the European Union, stringent regulations, sustainability goals, and the Industry 4.0 movement highly influence customer purchasing behavior for industrial networking solutions. The EU's focus on energy-efficient and eco-friendly manufacturing processes has driven the need for greener and more energy-effective networking solutions. In the Middle East, smart city initiatives, such as Saudi Arabia's Vision 2030, drive the market towards innovative networking solutions that support extensive automation and data exchange. The Asia Pacific region observes a rapidly growing market for industrial networking solutions, propelled by massive industrialization and manufacturing capabilities. The supportive government initiatives and investments for automation and smart manufacturing in the emerging economies of Asia-Pacific are expanding the scope for industrial networking solutions. The significant investment, particularly in areas such as 5G technology for industrial automation, AI and machine learning-based monitoring systems, and energy-efficient networking components, is positively contributing to the growth of the industrial networking solutions market in the Asia-Pacific.
Market Segmentation & Coverage:
This research report categorizes the Industrial Networking Solutions Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Technologies. The Services is further studied across Network Auditing & Testing, Network Consulting, Network Integration, Network Orchestration, Network Planning & Optimization, Network Provisioning, Network Security, Support & Maintenance, and Training & Education. The Technologies is further studied across Industrial Internet of Things, Software-Defined Wide Area Network, and Wireless Local Area Network. The Technologies is projected to witness significant market share during forecast period.
Based on Networking Type, market is studied across Wireless Networking and Wireline Networking. The Wireline Networking is projected to witness significant market share during forecast period.
Based on Application, market is studied across Asset Tracking & Management, Emergency & Incident Management, Predictive Maintenance, Real-Time Streaming & Video, Remote Monitoring, and Supply Chain Management. The Supply Chain Management is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across On-Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.
Based on Industry Size, market is studied across Large-Scale Industries and Small & Medium-Scale Industries. The Large-Scale Industries is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Discrete Industry and Process Industry. The Discrete Industry is further studied across Automotive, Logistics & Transportation, Machine Manufacturing, Medical Devices, and Semiconductor & Electronics. The Process Industry is further studied across Chemicals & Materials, Energy & Utilities, Food & Beverage, and Water & Waste Management. The Discrete Industry is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Networking Solutions Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Networking Solutions Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Networking Solutions Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, ALE USA Inc., Antaira Technologies LLC, Aruba Networks, Inc. by Hewlett Packard Enterprise Development LP, Belden Inc., Celona Inc., Cisco Systems Inc., CSG Networks Pvt. Ltd., Cyber Security Intelligence, Dell Inc., Eaton Corporation, General Electric Company, Graphiant, Huawei Technologies Co. Ltd., Juniper Networks, Inc., Litmus Automation Inc., Moxa Inc., Nokia Corporation, Patton LLC, Red Lion Controls, Rockwell Automation, Inc., Siemens AG, Sierra Wireless Inc. by Semtech Corporation, SolutionsPT Ltd., and Veryx Technologies Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Networking Solutions Market, by Component
7. Industrial Networking Solutions Market, by Networking Type
8. Industrial Networking Solutions Market, by Application
9. Industrial Networking Solutions Market, by Deployment
10. Industrial Networking Solutions Market, by Industry Size
11. Industrial Networking Solutions Market, by Vertical
12. Americas Industrial Networking Solutions Market
13. Asia-Pacific Industrial Networking Solutions Market
14. Europe, Middle East & Africa Industrial Networking Solutions Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Networking Solutions Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Networking Solutions Market?
3. What is the competitive strategic window for opportunities in the Industrial Networking Solutions Market?
4. What are the technology trends and regulatory frameworks in the Industrial Networking Solutions Market?
5. What is the market share of the leading vendors in the Industrial Networking Solutions Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Networking Solutions Market?
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