INDUSTRIAL NETWORKING SOLUTION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In December 2023, Nokia, a Finnish multinational telecommunications and consumer electronics company, partnered with Innova Solutions, a global provider of digital transformation solutions headquartered in Atlanta, Georgia, to deliver programmable network applications using the Nokia Network as Code platform. This collaboration aims to accelerate the digital transformation of enterprises across various industries, including banking and financial services, transportation and logistics, technology, life sciences, retail, and industrial sectors. By leveraging the capabilities of the Nokia Network as Code platform, the partnership will enable Innova's application developers to create innovative solutions tailored to the specific needs of these industries.
• In November 2023, Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices based in Shenzhen, China, launched its All-Scenario WLAN Solution at Huawei Connect 2023 in Paris. This solution promotes the application of Wi-Fi 7 standard technology in the enterprise market and aims to enhance the network experience for customers across various industries, including education, healthcare, retail, and manufacturing.
• In December 2022, Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation based in Milwaukee, Wisconsin, announced a partnership with Fortinet, a global leader in integrated cybersecurity solutions. This collaboration aims to secure operational technology environments and provide robust cybersecurity protection to global customers by integrating advanced networking and security capabilities. The partnership will help address the unique cybersecurity challenges faced by industries as they navigate their digital transformation journeys.
• In January 2020, NXP Semiconductors N.V. (NASDAQ: NXPI), the world's largest supplier of automotive semiconductors based in Eindhoven, Netherlands, announced the launch of a multi-gigabit Ethernet switch designed to provide automakers with the high-speed networks essential for connected vehicles. The NXP SJA1110 is one of the first automotive Ethernet switches to feature built-in safety capabilities, offering integrated hardware-assisted security and multi-gigabit interfaces. Optimized for seamless integration with NXP's S32G vehicle network processor, the SJA1110 switch is a crucial component of a comprehensive networking solution that also includes the VR5510 power management IC. This solution addresses significant challenges in vehicle networking, including scalability, security, safety, and high-speed traffic management.
• In April 2020, Cisco Systems, Inc. (NASDAQ: CSCO), a global leader in networking and cybersecurity solutions based in San Jose, California, announced its intent to acquire Fluidmesh Networks, a privately-held company specializing in wireless backhaul systems. This acquisition aims to enhance Cisco's industrial wireless networking capabilities, particularly for industries with moving assets where reliable backhaul is critical. By combining Cisco's scale with Fluidmesh's innovative solutions and established relationships with systems integrators, the partnership is expected to accelerate Cisco's Industrial Internet of Things (IIoT) business, facilitating successful wireless networking deployments and expanding its reach to various partners and end-users.
• In May 2020, Dell Technologies (NYSE: DELL), a global technology leader that helps organizations and individuals build their digital future, announced Enterprise SONiC Distribution by Dell Technologies. This new set of fully supported open-source networking solutions aims to help enterprises modernize and simplify the operations and management of their data centers at scale. By integrating SONiC, an open-source network operating system originally founded by Microsoft for the Azure cloud, into Dell EMC PowerSwitch Open Networking hardware, Dell's Enterprise SONiC Distribution removes complexity and creates an agile and flexible network through an approach built on open standards. As organizations increasingly rely on modern hybrid cloud models to do business, the historically monolithic and proprietary approach to networking has created inefficiencies and unneeded complexity. Dell Technologies is building on Microsoft's work as part of the Software for Open Networking in the Cloud (SONiC) open-source project to provide enterprises with the means to drastically simplify the management of massive and complex networks and increase availability in a cloud model.