The industrial network solutions market size is foreseen to extend from $20.99 billion in 2025 to $42.84 billion in 2025, at a compound annual growth rate (CAGR) of 21.0% over the conjecture period.
The backbone of any automation system architecture, an industrial network solution provides a powerful means of data exchange and control, flexibility to connect to various devices. Unlike traditional communication networks, these solutions are used in product distribution, technical support and IT services, requiring both wired and wireless network systems.
An industrial network solution is an essential part of any automation system architecture, as it is committed to providing efficient means of data exchange and controllability and data flexibility to connect multiple devices. In general, communication networks are used to allow data communication between computers and other devices. These networks are used in the distribution of various products, provide technical support, which must be wired and wireless network systems.
The industrial ecosystem is moving away from fieldbus technologies based on proprietary networks to communication protocols over standard networks such as Ethernet, 802.11 Wi-Fi and the IP wallet protocols (for example, TCP and UDP). This focus on open network standards is a fundamental aspect for the devices that make up the industrial ecosystem to be able to communicate through converged public networks, which greatly improves the accessibility of data and information.
Recent Developments:
The COVID-19 pandemic is expected to significantly influence global industrial spending in the coming years due to the non-operational state of various industries deemed non-essential by governments around the world facing huge losses that are expected to influence their spending. in technology through the end of 2021. In addition, COVID-19 is forcing several manufacturers to rely more on digitization and automation for long-term operations to reduce the financial impact of the pandemic and other potential economic challenges. The COVID-19 outbreak is expected to have a short-term effect and eventually disappear. However, in the long term, COVID-19 is an opportunity for industries to make much-needed operational improvements with a focus on improving network technologies amid the current pandemic.
Market growth and trends:
Manufacturing is expected to hold a significant stake in target market
Market Drivers and Restraints:
Some of the major market drivers are the rise of wireless technologies in industry operations, the growing need for predictive maintenance, the increase in cyberattack and ransomware cases, and increased demand for SDWAN solutions. The need for state-of-the-art industrial networks has not only led to the use of networks, but has also led to the use of network services and an increased need for support, driving the market for industrial network solutions across the globe.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
21.0% |
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Segments Covered |
By Component, Organization Size, Network Type, Application, Vertical Industry, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Eaton Corporation Inc. and Aruba Networks and Others. |
Global Industrial Networking Solutions Market segmentation:
The industrial network solutions market is segmented based on components, organization size, network type, application, vertical industry, and region.
In terms of component, it is divided into solution and services.
Depending on the size of the organization, it is segmented into large companies and small and medium enterprises.
By type of network, it is divided into wired networks and wireless networks.
By application, it is categorized into remote monitoring, asset tracking and management, supply chain management, real-time streaming and video, emergency and incident management, and predictive maintenance.
Based on industry vertical, the industrial network solutions market is categorized into BFSI, Retail & E-commerce, Manufacturing, Government & Defense, Energy & Utilities, IT & Telecommunications, Education, Health & Others.
the market is analyzed in the areas of North America, Europe, Asia-Pacific and LAMEA. Of these, the Asia Pacific is anticipated to develop with the considerable CAGR in the industrial networking solutions market in the coming years
Key market players:
The major players featured in the Industrial Network Solutions Market Analysis are Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Eaton Corporation Inc. and Aruba Networks. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future trends in the industrial network solutions market are described to determine the overall attractiveness of the market.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Industrial Networking Solutions Market, By Component
6.1.1 Solution
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Industrial Networking Solutions Market, By Organization Size
6.2.1 Large Enterprises
6.2.2 Small & Medium Enterprises
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Industrial Networking Solutions Market, By Networking Type
6.3.1 Wireline Networking
6.3.2 Wireless Networking
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Industrial Networking Solutions Market, By Application
6.4.1 Remote Monitoring
6.4.2 Asset Tracking & Management
6.4.3 Supply Chain Management
6.4.4 Real-Time Streaming & Video
6.4.5 Emergency & Incident Management
6.4.6 Predictive Maintenance
6.4.7 Market Size Estimations & Forecasts (2019-2024)
6.4.8 Y-o-Y Growth Rate Analysis
6.4.9 Market Attractiveness Index
6.5 Industrial Networking Solutions Market, By Industrial Vertical
6.5.1 BFSI
6.5.2 Retail & E-Commerce
6.5.3 Manufacturing
6.5.4 Government & Defense
6.5.5 Energy & Utilities
6.5.6 IT & Telecom
6.5.7 Education
6.5.8 Healthcare
6.5.9 Market Size Estimations & Forecasts (2019-2024)
6.5.10 Y-o-Y Growth Rate Analysis
6.5.11 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Organization Size
7.2.4 By Networking Type
7.2.5 By Application
7.2.6 By Industrial Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Organization Size
7.3.4 By Networking Type
7.3.5 By Application
7.3.6 By Industrial Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Organization Size
7.4.4 By Networking Type
7.4.5 By Application
7.4.6 By Industrial Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Organization Size
7.5.4 By Networking Type
7.5.5 By Application
7.5.6 By Industrial Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Organization Size
7.6.4 By Networking Type
7.6.5 By Application
7.6.6 By Industrial Vertical
8. Key Player Analysis
8.1 Huawei Technologies Co. Ltd
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Cisco System Inc
8.3 Belden Inc
8.4 Rockwell Automation Inc
8.5 Juniper Networks Inc
8.6 Sierra Wireless
8.7 Eaton Corporation Inc
8.8 Aruba Networks
8.9 Moxa Inc.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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