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Global Industrial Networking Solutions Market - Segmentation By Component (Solution and Services), Organization Size (Large Enterprises and Small & Medium Enterprises), Networking Type (Wireline Networking and Wireless Networking), Application (Remote Monitoring, Asset Tracking & Management, Supply Chain Management, Real-Time Streaming & Video, Emergency & Incident Management and Predictive Maintenance), and Industry Vertical (BFSI, Retail & E-Commerce, Manufacturing, Government & Defense, Energy & Utilities, IT & Telecom, Education, Healthcare and Others): Opportunity Analysis and Industry Forecast, 2021–2027

Published: January, 2022
ID: 10262
Pages: 150

Global Industrial Networking Solutions Market Size (2021 – 2026)

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:

  • April 2020: Cisco announced its intention to acquire Fluidmesh Networks, a provider of wireless backhaul systems. Fluidmesh will further expand Cisco's industrial wireless network offerings to industries with assets and mobile applications in situations where a reliable link is critical. Cisco's scale, coupled with Fluidmesh solution offerings and systems integrator relationships, will accelerate Cisco's IIoT business to enable successful industrial wireless network deployments and extend its reach to diverse partners and end users.
  • May 2020 - Dell Technologies announced the Enterprise SONiC distribution of Dell Technologies, a new set of fully supported open source networking solutions. As industries increasingly rely on modern hybrid cloud models to do business, the historically monolithic and proprietary approach to networks has created inefficiencies and unnecessary complexity. Dell Technologies builds on the work of Microsoft Corporation as part of the Open Source Software for Open Networks in the Cloud (SONiC) project.

Impact of Covid-19 on Industrial Network Solutions Market:

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

  • Manufacturing is subject to improvement and optimization programs throughout the life cycle of the products manufactured. The tendency is that process improvements need to be made quite frequently and almost continuously in some cases. More and more IIoT sensors are added to existing operations for more efficient process improvement. For example, the United States Food and Drug Administration (FDA) has urged manufacturers to take a risk-based approach to meeting regulatory and product quality requirements through drug screening technology. process (PAT). A fundamental element of PAT is the continuous online monitoring of the process dedicated to the transformation of raw materials into finished products. This monitoring technique requires additional instruments and sensors for the process, and the new sensors will require industrial networks to communicate with the control systems.
  • In today's digital manufacturing environments, there are too many sensors and devices and too much data to rely on manual processes. There is a growing need for manufacturing organizations to automate the monitoring of plant-wide systems and their responses to abnormal conditions, such as equipment showing signs of stress. As most industrial operations take place over a long period of time, sensors need to be adapted to existing machines, which can be done efficiently with wireless communication technologies.
  • Mass customization in manufacturing has caused a radical change in assembly plants. Modern assembly lines and logistics must be nimble and flexible to handle required product variability without compromising quality. To support flexible manufacturing, the network must be able to dynamically self-configure. To maintain the highest level of production in manufacturing, machine maintenance should be performed during scheduled downtime. This is effective when machines can predict when and where failures are about to occur and then be repaired. This collected data must be communicated over several industrial networks for analysis purposes, so that it can also be used for machine learning and for driving business intelligence.
  • In June 2020, Veracity Industrial Networks, developer of Industrial Software Defined Network (SDN) technology for operational networks, announced a new round of seed funding, supported by existing investors Schweitzer Engineering Laboratories (SEL) and Option3Ventures, along with the latest strategy of DYNICS, Inc. and Interstates, Inc.

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.

GLOBAL INDUSTRIAL NETWORKING SOLUTIONS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

21.0%

Segments Covered

By Component, Organization Size, Network Type, Application, Vertical Industry, and Region

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

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

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.

Global Industrial Networking Solutions Market By Component:

In terms of component, it is divided into solution and services.

Global Industrial Networking Solutions Market By Organization Size:

Depending on the size of the organization, it is segmented into large companies and small and medium enterprises.

Global Industrial Networking Solutions Market By Network Type:

By type of network, it is divided into wired networks and wireless networks.

Global Industrial Networking Solutions Market By Application:

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.

Global Industrial Networking Solutions Market By Vertical Industry:

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.

Global Industrial Networking Solutions Market By Region:

 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                   

  1. Global Industrial Networking Solutions Market By Region, From 2020-2025 ( USD Billion )
  2. Global Industrial Networking Solutions Market By Component, From 2020-2025 ( USD Billion )
  3. Global Solution Market By Region, From 2020-2025 ( USD Billion )
  4. Global Services Market By Region, From 2020-2025 ( USD Billion )
  5. Global Industrial Networking Solutions Market By Organization Size, From 2020-2025 ( USD Billion )
  6. Global Large Enterprises Market By Region, From 2020-2025 ( USD Billion )
  7. Global Small & Medium Enterprises Market By Region, From 2020-2025 ( USD Billion )
  8. Global Industrial Networking Solutions Market By Networking Type, From 2020-2025 ( USD Billion )
  9. Global Wireline Networking Market By Region, From 2020-2025 ( USD Billion )
  10. Global Wireless Networking Market By Region, From 2020-2025 ( USD Billion )
  11. Global Industrial Networking Solutions Market By Application, From 2020-2025 ( USD Billion )
  12. Global Remote Monitoring Market By Region, From 2020-2025 ( USD Billion )
  13. Global Asset Tracking & Management Market By Region, From 2020-2025 ( USD Billion )
  14. Global Supply Chain Management Market By Region, From 2020-2025 ( USD Billion )
  15. Global Real-Time Streaming & Video Market By Region, From 2020-2025 ( USD Billion )
  16. Global Emergency & Incident Management Market By Region, From 2020-2025 ( USD Billion )
  17. Global Predictive Maintenance Market By Region, From 2020-2025 ( USD Billion )
  18. Global Industrial Networking Solutions Market By Industry Vertical, From 2020-2025 ( USD Billion )
  19. Global BFSI Market By Region, From 2020-2025 ( USD Billion )
  20. Global Retail & E-Commerce Market By Region, From 2020-2025 ( USD Billion )
  21. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  22. Global Government & Defense Market By Region, From 2020-2025 ( USD Billion )
  23. Global Energy & Utilities Market By Region, From 2020-2025 ( USD Billion )
  24. Global IT & Telecom Market By Region, From 2020-2025 ( USD Billion )
  25. Global Education Market By Region, From 2020-2025 ( USD Billion )
  26. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )

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