Global Industrial Networking Solutions Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 11,200.21 Million |
 Market Size (Forecast Year) |
USD 70,300.36 Million |
 CAGR |
% |
| Major Markets Players |
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Global Industrial Networking Solutions Market, By Component (Technologies, Services), Technology (WLAN, SDWAN, IIoT), Deployment (Cloud, On-premises), Application Area (Remote Monitoring, Asset Tracking and Management, Supply Chain Management, Real-Time Streaming and Video, Emergency and Incident Management, Predictive Maintenance), Industry Size (Small and Medium Scale Industries, Large Scale Industries), Vertical (Discrete Industry, Process Industry) - Industry Trends and Forecast to 2030.
Industrial Networking Solutions Market Analysis and Size
In June 2021, HD-PLC Alliance published an article and stated that industrial automation is the use of control systems to monitor and control industrial processes. This can help to improve efficiency, productivity, and safety. Industrial connectivity is the ability to connect industrial devices and systems to each other and to the internet. This can help to improve visibility, collaboration, and decision-making. According to HD-PLC Alliance Industrial ethernet dominates the global industrial networking solutions market with a commanding market share of 64%. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the global industrial networking solutions market which was USD 11,200.21 million in 2022, is expected to reach USD 70,300.36 million by 2030, and is expected to undergo a CAGR of 20.50% during the forecast period of 2023 to 2030. “Technologies” dominates the component segment of the global industrial networking solutions market due to Industries across the board are undergoing digital transformation initiatives to improve efficiency, reduce downtime, and enhance productivity. Industrial networking solutions. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Industrial Networking Solutions Market Scope and Segmentation
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Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customizable from 2015 to 2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Component (Technologies, Services), Technology (WLAN, SDWAN, IIoT), Deployment (Cloud, On-premises), Application Area (Remote Monitoring, Asset Tracking And Management, Supply Chain Management, Real-Time Streaming And Video, Emergency And Incident Management, Predictive Maintenance), Industry Size (Small and Medium Scale Industries, Large Scale Industries), Vertical (Discrete Industry, Process Industry) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa |
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Market Players Covered |
Huawei Technologies Co. Ltd. (China), Eaton (U.S.), Dell Inc.(U.S.), Juniper Networks Inc. (U.S.), Sierra Wireless (Canada), Hewlett Packard Enterprise Development (U.S.), LP (U.S.), Veryx Technologies. (U.S.), ABB (Switzerland), Moxa Inc. (China), Belden Inc. (U.S.), Rockwell Automation Inc. (U.S.), Schneider Electric (Germany), Siemens (Germany), Actelis Networks Inc. (U.S.), General Electric (U.S.) and Cisco System Inc. (U.S.), among others. |
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Market Opportunities |
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Market Definition
Industral networking solutions refers to the collection of products, technologies, and services designed to establish and manage robust, secure, and efficient communication networks within industrial environments. These environments encompass various sectors, including manufacturing, energy, utilities, transportation, healthcare, and more. The primary goal of industrial networking solutions is to enable seamless data exchange, control, and monitoring among machines, devices, sensors, and control systems within industrial settings.
Global Industrial Networking Solutions Market Dynamics
Drivers
- Rising Demand for IoT Connectivity
The proliferation of IoT devices in industrial settings, from sensors to smart machines, requires robust networking solutions to connect and manage these devices. Industrial networking facilitates data collection and analytics for process optimization and predictive maintenance.
- Increase Usage of Data
The growing importance of data analytics and big data in industrial operations necessitates efficient data collection, storage, and transmission. Industrial networking solutions are essential for handling large volumes of data generated by industrial processes.
- The Increasing Demand for Automation and Connectivity in Industrial Processes
Industrial automation is the use of control systems to monitor and control industrial processes. This can help to improve efficiency, productivity, and safety. Industrial connectivity is the ability to connect industrial devices and systems to each other and to the internet. This can help to improve visibility, collaboration, and decision-making.
Opportunity
- The Rising Adoption of Industry 4.0 and other Smart Manufacturing Initiatives
Industry 4.0 is the fourth industrial revolution, which is characterized by the use of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) to automate and optimize industrial processes. Smart manufacturing is a subset of Industry 4.0 that focuses on the use of these technologies to improve the efficiency, productivity, and flexibility of manufacturing processes.
Restraints/ Challenges
- High Initial Investment and Maintainance
Industrial networking solutions can be expensive to implement and maintain. This can be a barrier for some organizations, especially small and medium-sized businesses.
- Complexity of Installation and Integration
Industrial networking solutions can be complex to install and integrate. This can require specialized skills and expertise, which can add to the cost of implementation.
This global industrial networking solutions market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global industrial networking solutions market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In July 2023, ABB India’s Electrification business has launched the MegaFlex DPA UPS solution, which offers high energy efficiency and a reduced footprint of up to 45 percent for the Indian data center market. This innovative UPS solution enhances ABB's portfolio, addresses growing demand in the data center industry, and supports sustainability goals, positioning the company as a technology leader in the field. This launch has helped ABB by expanding its product portfolio in response to the increasing demand for efficient and sustainable power solutions in the Indian data center market. It also strengthens ABB's commitment to sustainability and reinforces its position as a provider of safe, smart, and sustainable power technologies to the global data center industry, aligning with its Mission to Zero for smart cities
- In February 2023, HCL Technologies collaborated with Dell to modernize networks for telecom companies and enterprises, while also introducing new 5G solutions. This strategic partnership aimed to enhance network capabilities and offer innovative solutions to clients in the telecommunications and business sectors. The collaboration between HCL Technologies and Dell helped the company by expanding its portfolio of services and solutions, particularly in the field of network modernization and 5G technology. This strategic partnership allowed HCL Technologies to offer enhanced services to its clients in the telecom and enterprise sectors, improving its competitive position and potentially increasing revenue through the delivery of innovative networking solutions
Global Industrial Networking Solutions Market Scope
The global industrial networking solutions market is segmented on the basis of component, technology, deployment, application area, industry size and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Technologies
- Services
- Network Planning and Optimization
- Network Integration
- Network Orchestration
- Training and Education
- Network Security
- Network Provisioning
- Support and Maintenance
- Network Consulting
- Network Auditing and Testing
Technology
- WLAN
- SDWAN
- IIoT
Deployment
- Cloud
- On-premises
Application Area
- Remote Monitoring
- Asset Tracking and Management
- Supply Chain Management
- Real-Time Streaming and Video
- Emergency and Incident Management
- Predictive Maintenance
Industry Size
- Small and Medium Scale Industries
- Large Scale Industries
Vertical
- Discrete Industry
- Automotive
- Machine Manufacturing
- Semiconductor And Electronics
- Medical Devices Logistics
- Transportation
- Process Industry
- Energy And Utilities
- Chemicals And Materials
- Food And Beverage
- Water And Waste Management
- Others
Global Industrial Networking Solutions Market Region Analysis/Insights
The global industrial networking solutions market is analyzed and market size insights and trends are provided by region, component, technology, deployment, application area, industry size and vertical, as referenced above.
The regions covered in the global industrial networking solutions market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global industrial networking solutions market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
North America dominates the global industrial networking solutions market because North America, particularly the U.S., has been an early adopter of advanced technologies, including industrial automation, IoT (Internet of Things), and Industry 4.0. This has driven the demand for industrial networking solutions to enable connectivity and data exchange in these technologically advanced industries.
Asia-Pacific is the fastest-growing country in the global industrial networking solutions market due to Asia-Pacific is experiencing rapid industrialization, with many countries in the region expanding their manufacturing sectors. This growth requires robust networking solutions to connect and optimize industrial processes.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Industrial Networking Solutions Market Share Analysis
The global industrial networking solutions market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global industrial networking solutions market.
Some of the major players operating in the global industrial networking solutions market are:
- Huawei Technologies Co. Ltd. (China)
- Eaton (U.S.)
- Dell Inc.(U.S.)
- Juniper Networks Inc. (U.S.)
- Sierra Wireless (Canada)
- Hewlett Packard Enterprise Development (U.S.)
- LP (U.S.)
- Veryx Technologies. (U.S.)
- ABB (Switzerland)
- Moxa Inc. (China)
- Belden Inc. (U.S.)
- Rockwell Automation Inc. (U.S.)
- Schneider Electric (Germany)
- Siemens (Germany)
- Actelis Networks Inc. (U.S.)
- General Electric (U.S.)
- Cisco System Inc. (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
