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

The global industrial networking solutions market has been witnessing steady growth in the recent years. Industrial networking involves using specialized computer networks and networking hardware in industrial environments for operational technology applications such as machine-to-machine communication, process and discrete manufacturing, automation, and Supervisory control and data acquisition system. It enables industries to improve productivity, reduce costs, increase visibility across plants and remote operations, and optimize asset utilization through real-time data collection, analysis and monitoring. Rising connectivity needs across industries such as oil & gas, automotive, chemicals, mining, food processing, has been driving demand for robust industrial networking infrastructure that can support the Internet of Things (IoT) and Industrial IoT initiatives of companies. Additionally, the trend towards decentralized production systems, remote monitoring and predictive analytics is augmenting the growth of this market.

Market Dynamics:

The global industrial networking solutions market is driven by rising adoption of industrial internet of things technologies across industries, growing need for asset optimization and remote operations, increasing focus on predictive maintenance through machine data analytics, and rapid industrialization worldwide. However, high initial investment costs and concerns regarding network security are some of the key factors expected to restrain the market growth. The emergence of new technologies like 5G networking and multi-access edge computing provides significant growth opportunities for players in this market. 5G can enable more flexible deployment of network nodes at the edge to support real-time applications in industrial environments. Edge computing brings cloud computing capabilities closer to IoT devices to enable local and real-time data processing for industrial applications.

Key features of the study:

- This report provides in-depth analysis of the global industrial networking solutions market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global industrial networking solutions market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Aruba Networks, Belden Inc., Cisco Systems, Inc., Dell Technologies, Eaton Corporation plc, Huawei Technologies Co., Ltd., Juniper Networks, Nokia, Rockwell Automation, Schneider Electric, Siemens AG, Sierra Wireless, Telit, Texas Instruments, and Wind River

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global industrial networking solutions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial networking solutions market.

Detailed Segmentation:

• By Component
• • Hardware
  • Software
  • Services
• By Networking Type
• • Wireless Networking
  • Wireline Networking
• By End-use Industry
• • Automotive
  • Financial and Banking Industry
  • Manufacturing
  • Telecommunication
  • Logistics and Transportation
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • Aruba Networks
  • Belden Inc.
  • Cisco Systems, Inc.
  • Dell Technologies
  • Eaton Corporation plc
  • Huawei Technologies Co., Ltd.
  • Juniper Networks
  • Nokia
  • Rockwell Automation
  • Schneider Electric
  • Siemens AG
  • Sierra Wireless
  • Telit
  • Texas Instruments
  • Wind River