Industrial Networking Solutions Market Scope
Industrial networks are the networks which are involved in the transfer of data on a large scale. It allows connecting different devices in large spaces and providing connection which allows transferring huge amount of data in between. Industrial networks include LAN and WAN to transfer the data in various systems in same place. With the use of industrial networks end to end digital signal accuracy and integrity has been improved. In addition, these networks are used in distribution of products, offer technical support and provide IT services.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB (Switzerland), Cisco (United States), Dell EMC (United States), Juniper Networks (United States), Sierra Wireless (Canada), Aruba Networks (United States), Veryx Technologies (United States), Moxa (United States), Belden (United States) and Rockwell Automation (United States) |
CAGR | % |
The key manufacturers are targeting the innovations of the services with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Industrial Networking Solutions market throughout the predicted period.
ABB (Switzerland), Cisco (United States), Dell EMC (United States), Juniper Networks (United States), Sierra Wireless (Canada), Aruba Networks (United States), Veryx Technologies (United States), Moxa (United States), Belden (United States) and Rockwell Automation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Huawei (China) and Eaton (Ireland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Industrial Networking Solutions market by Type , by Application (Remote monitoring, Asset tracking and management, Supply chain management, Real-time streaming and video, Emergency and incident management and Predictive maintenance) and Region with country level break-up.
On the basis of geography, the market of Industrial Networking Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Schneider Electric SE acquired Industrial Networks Corporation (INC), enhancing its industrial automation and edge computing capabilities. This deal expands Schneider's offerings in industrial network infrastructure and software.
In December 2023, Cisco Systems Inc. launched its Catalyst Industrial Ethernet 9300 Series, designed for harsh industrial environments with enhanced security, reliability, and performance. This series caters to the growing demand for high-bandwidth applications in industrial settings.
Influencing Trend:
Advent of Data Analytics and Data Processing and Adoption of Personal Devices in Workplaces Coupled with Increasing IoT Devices
Market Growth Drivers:
Proliferation of Wireless Technology and Growing Industrial IoT and Rising Demand of Wireless Technology and Industrial Ethernet is Fueling the Market Growth
Challenges:
Complexity Involved in Connecting Systems to Smart Infrastructure
Restraints:
Data Security and Privacy Concerns Along with Data Migration May Hamper the Market
Opportunities:
Application of Industrial Networking Solution in Wide Range of Applications and Increase in Demand of Software Defined Wide Area Networks
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations, Enterprise software vendors and Others