Industrial Networking Solutions Market Growth, Size, Trends, Revenue, Share and Future Outlook
Industrial Networking Solutions Market Size- By Application, By Component, By Organization Size, By Networking Type, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: IACT2432 | Pages: 1 - 223 | Formats*: |
| Category : Information & Communications Technology | |||
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.
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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.
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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 |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| 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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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. 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. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Industrial Networking Solutions Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Asset Tracking and Management7.3. Emergency and Incident Management7.4. Predictive Maintenance7.5. Remote Monitoring7.6. 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, 2023-20338.2. Solutions8.3. 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, 2023-20339.2. Large Enterprises9.3. 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, 2023-203310.2. BFSI10.3. Energy Utilities10.4. Government Defense10.5. Healthcare10.6. IT and Telecom10.7. Manufacturing10.8. 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, 2023-203311.2. Wireline Network11.3. 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. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada18.6.2. Mexico18.6.3. United States
18.7. Latin America
18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Aruba Networks
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Belden Incorporated
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. Cisco System Inc.,
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. Eaton Corporation Inc.,
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Huawei Technologies Co. Ltd.,
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments
19.6. Juniper Networks Inc.,
19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments
19.7. Moxa Inc.,
19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments
19.8. Rockwell Automation Inc.,
19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments
19.9. Sierra Wireless
19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments
19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industrial Networking Solutions Market is projected to reach USD 185.53 billion by 2033, growing at a CAGR of 20.41% during the forecast period.
Industrial Networking Solutions Market grew in Market size from 2022. The Market is expected to reach USD 185.53 billion by 2033, at a CAGR of 20.41% during the forecast period.
Industrial Networking Solutions Market CAGR of 20.41% during the forecast period.
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Industrial Networking Solutions Market size is USD 185.53 billion from 2023 to 2033.
Industrial Networking Solutions Market Segment is covered By Application, By Component, By Organization Size, By Networking Type, By Industry Vertical.
The North America is anticipated to have the highest Market share in the Industrial Networking Solutions Market.
"The key players in the Market include Companies Covered Aruba Networks., Belden Inc., Belden Incorporated, Cisco System Inc., Eaton Corporation Inc., Huawei Technologies Co. Ltd., Juniper Networks Inc., Moxa Inc."
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.
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