Industrial Networking Solutions Market Introduction and Overview
According to SPER Market Research, the Global Industrial Networking Solutions Market is estimated to reach USD 185.53 billion by 2033 with a CAGR of 20.41%.
The report includes an in-depth analysis of the Global Industrial Networking Solutions Market, including market size and trends, product mix, Applications, and supplier analysis. Any automation system architecture must have an industrial network solution as its foundation because it offers strong channels for data interchange, controllable data, and adaptability in connecting diverse devices. The transfer of information or data, typically in digital format, from a transmitter to a receiver via a link connecting these two is referred to as data communication. Data communication between computers and other devices is made possible through traditional communication networks. These networks, which require wired and wireless networking systems, are used for product distribution, technical support, and IT services.
- 2023: HCL Technologies and Dell worked together to introduce new 5G solutions and update networks for businesses and telecom providers. The objective of this strategic alliance was to improve network performance and provide cutting-edge solutions to customers in the business and telecommunications industries. The company benefited from the partnership between HCL Technologies and Dell by broadening its offering of services and solutions, especially in the areas of 5G technology and network modernization. By this strategic alliance, HCL Technologies was able to provide its customers in the enterprise and telecom sectors with improved services, strengthening its position in the market and possibly generating income through the provision of cutting-edge networking solutions.
Market Opportunities and Challenges
Opportunities-
Industry 4.0's and other smart manufacturing initiatives' growing adoption- The fourth industrial revolution, or "industry4.0," is defined by the automation and optimization of industrial processes through the application of cutting-edge technologies like artificial intelligence (AI), machine learning (ML), and the internet of things (IoT). A subset of Industry 4.0 called "smart manufacturing" focuses on leveraging these technologies to increase the productivity, flexibility, and efficiency of production processes.
Challenges- A significant portion of the total expenses is attributed to the initial software investment, which includes specialized software for communication and security as well as ruggedized equipment designed for demanding industrial settings. It costs extra to integrate legacy systems with contemporary networking solutions because adapters, gateways, and employee training are needed. The cost is increased by ongoing maintenance, which includes cybersecurity precautions, firmware upgrades, and equipment upkeep. Scalability necessitates additional investment in network expansion and hardware upgrades as industrial operations grow.
Market Competitive Landscape
Top Market Players have expanded their presence in the industrial networking solutions market through a variety of growth strategies, including agreements, collaborations, partnerships, new product launches, product enhancements, and acquisitions. Some of the key players are – Aruba Networks., Belden Inc., Belden Incorporated, Cisco System Inc., Eaton Corporation Inc., Huawei Technologies Co. Ltd., Juniper Networks Inc., Moxa Inc., Rockwell Automation Inc., and Sierra Wireless
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Component, By Organization Size, By Networking Type, By Industry Vertical
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Aruba Networks., Belden Inc., Belden Incorporated, Cisco System Inc., Eaton Corporation Inc., Huawei Technologies Co. Ltd., Juniper Networks Inc., Moxa Inc., Rockwell Automation Inc., and Sierra Wireless |
COVID-19 Impact on Global Industrial Networking Solutions Market
Over the next few years, the COVID-19 outbreak will have a significant effect on global industrial expenditure because many companies that governments around the world have declared unnecessary are currently out of business and losing a lot of money. COVID-19 is also forcing manufacturers to rely more on automation and digitalization for long-term operations in an effort to reduce the financial impact of the pandemic and other possible economic downturns. The COVID-19 outbreak is predicted to have a transient impact before abating. COVID-19, on the other hand, gives companies the opportunity to focus on developing networking technologies while implementing much-needed operational improvements in light of the ongoing pandemic.
Key Target Audience
- Automation and Control System Vendors
- Consulting Firms and Industry Analysts
- Information Technology (IT) Departments
- Manufacturers and Industrial Companies
- Telecommunication Companies and Network Equipment Providers
- Others
Our in-depth analysis of the Industrial Networking Solutions Market includes the following segments:
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By Application:
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Asset Tracking and Management
Emergency and Incident Management
Predictive Maintenance
Remote Monitoring
Real-Time Streaming and Video
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By Component:
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Solutions
Service
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By Organization Size:
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Large Enterprises
Small & Medium Enterprises
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By Industry Vertical:
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BFSI
Energy Utilities
Government Defense
Healthcare
IT and Telecom
Manufacturing
Retail E- commerce
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Networking Type:
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Wireline Network
Wireless Network
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Key Topics Covered in the Report
- Global Industrial Networking Solutions Market Size (FY’2023-FY’2033)
- Overview of Global Industrial Networking Solutions Market
- Segmentation of Global Industrial Networking Solutions Market By Application, (Asset Tracking and Management, Emergency and Incident Management, Predictive Maintenance, Remote Monitoring, Real- Time Streaming and Video.)
- Segmentation of Global Industrial Networking Solutions Market By Component (Solutions, Services.)
- Segmentation of Global Industrial Networking Solutions Market By Organization Size (Large Enterprise, Small & Medium Enterprise.)
- Segmentation of Global Industrial Networking Solutions Market By Networking Type (Wireline Network, Wireless Network.)
- Segmentation of Global Industrial Networking Solutions Market By Industry Vertical (BFSI, Energy Utilities, Government Defense, Healthcare, IT and Telecom, Manufacturing, Retail E- Commerce.)
- Statistical Snap of Global Industrial Networking Solutions Market
- Expansion Analysis of Global Industrial Networking Solutions Market
- Problems and Obstacles in Global Industrial Networking Solutions Market
- Competitive Landscape in the Global Industrial Networking Solutions Market
- Impact of COVID-19 and Demonetization on Global Industrial Networking Solutions Market
- Details on Current Investment in Global Industrial Networking Solutions Market
- Competitive Analysis of Global Industrial Networking Solutions Market
- Prominent Players in the Global Industrial Networking Solutions Market
- SWOT Analysis of Global Industrial Networking Solutions Market
- Global Industrial Networking Solutions Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Industrial Networking Solutions Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Industrial Networking Solutions Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Networking Solutions Market
7. Global Industrial Networking Solutions Market, By Application (USD Million)
7.1. Global Industrial Networking Solutions Market Value Share and Forecast, By Application, 2023-2033
7.2. Asset Tracking and Management
7.3. Emergency and Incident Management
7.4. Predictive Maintenance
7.5. Remote Monitoring
7.6. Real-Time Streaming and Video.
8. Global Industrial Networking Solutions Market, By Component (USD Million)
8.1. Global Industrial Networking Solutions Market Value Share and Forecast, By Component, 2023-2033
8.2. Solutions
8.3. Service
9. Global Industrial Networking Solutions Market, By Organization Size (USD Million)
9.1. Global Industrial Networking Solutions Market Value Share and Forecast, By Organization Size, 2023-2033
9.2. Large Enterprises
9.3. Small & Medium Enterprises
10. Global Industrial Networking Solutions Market, By Industry Vertical (USD Million)
10.1. Global Industrial Networking Solutions Market Value Share and Forecast, By Industry Vertical, 2023-2033
10.2. BFSI
10.3. Energy Utilities
10.4. Government Defense
10.5. Healthcare
10.6. IT and Telecom
10.7. Manufacturing
10.8. Retail E- commerce
11. Global Industrial Networking Solutions Market, By Networking Type (USD Million)
11.1. Global Industrial Networking Solutions Market Value Share and Forecast, By Networking Type, 2023-2033
11.2. Wireline Network
11.3. Wireless Network
12. Global Industrial Networking Solutions Market Forecast, 2019-2033 (USD Million)
12.1. Global Industrial Networking Solutions Market Size and Market Share
13. Global Industrial Networking Solutions Market, By Application 2019-2033 (USD Million)
13.1. Global Industrial Networking Solutions Market Size and Market Share By Application (2019-2026)
13.2. Global Industrial Networking Solutions Market Size and Market Share By Application (2027-2033)
14. Global Industrial Networking Solutions Market, By Component, 2019-2033 (USD Million)
14.1. Global Industrial Networking Solutions Market Size and Market Share By Component (2019-2026)
14.2. Global Industrial Networking Solutions Market Size and Market Share By Component (2027-2033)
15. Global Industrial Networking Solutions Market, By Organization Size, 2019-2033 (USD Million)
15.1. Global Industrial Networking Solutions Market Size and Market Share By Organization Size(2019-2026)
15.2. Global Industrial Networking Solutions Market Size and Market Share By Organization Size (2027-2033)
16. Global Industrial Networking Solutions Market, By Industry Vertical, 2019-2033 (USD Million)
16.1. Global Industrial Networking Solutions Market Size and Market Share By Industry Vertical, (2019-2026)
16.2. Global Industrial Networking Solutions Market Size and Market Share By Industry Vertical, (2027-2033)
17. Global Industrial Networking Solutions Market, By Networking Type, 2019-2033 (USD Million)
17.1. Global Industrial Networking Solutions Market Size and Market Share By Networking Type (2019-2026)
17.2. Global Industrial Networking Solutions Market Size and Market Share By Networking Type (2027-2033)
18. Global Industrial Networking Solutions Market, By Region, 2019-2033 (USD Million)
18.1. Global Industrial Networking Solutions Market Size and Market Share By Region (2019-2026)
18.2. Global Industrial Networking Solutions Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Aruba Networks
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Belden Incorporated
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Cisco System Inc.,
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Eaton Corporation Inc.,
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Huawei Technologies Co. Ltd.,
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Juniper Networks Inc.,
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Moxa Inc.,
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Rockwell Automation Inc.,
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Sierra Wireless
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope