Global Market Insights added a report on global Industrial Networking Solutions Market that provide in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.
The wireless network segment will grow at a significant CAGR over the forecast timeline. The rising need to reduce cabling and cabling cost and the growing demand for mobile communications owing to harsh conditions across various sectors, such as manufacturing, automotive, chemical, and pharmaceutical, are proliferating the wireless networking sector in the industrial networking solutions market. Growing security concerns over data transmission and data visualization & analytics in real-time are anticipated to drive the market growth. The increasing adoption of the IIoT, smart connected devices, and agile networks in manufacturing, automotive, and other sectors is contributing to the growth in the wireless networking sector of the market.
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Industrial Networking Solutions Market, By Networking Type, 2014-2025 (USD Million)
- Wireline Networking
- Wireless Networking
Industrial Networking Solutions Industry, By Enterprise Size, 2014-2025 (USD Million)
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Industrial Networking Solutions Industry, By Application, 2014-2025 (USD Million)
- Remote Monitoring
- Asset Tracking & Management
- Supply Chain Management
- Real-Time Audio & Video Streaming
- Emergency & Incident Management
- Predictive Maintenance
Industrial Networking Solutions Industry, By End-Use, 2014-2025 (USD Million)
- Consumer Electronics
- Food & Beverages
- IT & Telecom
- Logistics & Transportation
Asia Pacific is estimated to grow at a significant CAGR in the industrial networking solutions market due to the rapid adoption of Industry 4.0 in the region across manufacturing, automotive, and other sectors. The supportive government investment in the region to support industrial digitization is expected to drive the market growth in the region. For instance, in September 2015, the Indian government announced to invest USD 1.2 trillion over a period of 20 years to develop 100 Indian cities into smart cities.
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North America held the largest industrial networking solutions market share in 2018 and is anticipated to dominate over the forecast timeline. The region is early an adopter of advanced technologies such as IIoT, SD-WAN, and WLAN. Organizations in the region are integrating industry networking solutions with their operations to enhance their networking ecosystem and support market growth. The presence of prominent market players in the region, such as Cisco and Dell-EMC, are contributing to industrial networking solutions market growth.
Some of the key market players of industrial networking solutions market, which include automotive manufacturers are ABB, Aruba Networks, Belden Incorporated, Cisco Systems, Inc., Dell EMC, Eaton Corporation Inc, Huawei Technologies Co. Ltd., Jupiter Networks, Inc., Rockwell Automation, Inc., and Sierra Wireless.