Industrial Networking Solutions Market insights:

The Industrial Networking Solutions Market share is anticipated to grow from USD 7.99 billion in 2017 to USD 70.37 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 22.60% over the course of the forecast period.

The rise in demand for Software-Defined Wide Area Network (SDWAN) solutions, followed by the rise in demand for predictive maintenance, are the primary drivers anticipated to propel the growth of the industrial networking solutions market. Additionally, the widespread use of wireless technologies in business operations and the development of data analytics and data processing are some of the factors anticipated to propel market expansion throughout the 2017–2023 forecast period. The worldwide market for industrial networking solutions is divided into submarkets based on factors like technology and services, applications, deployment, vertical, and geographic regions. For instance, Tillamook County Creamery Association (TCCA), a producer and retailer of dairy products, teamed with Aruba Networks, one of the major industry participants. TCCA was able to set up an all-wireless network at its new Portland, Oregon office thanks to its international market cooperation. Canada is anticipated to hold the largest proportion of the North American market for industrial networking solutions after the United States.

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Regional analysis:

During the historical forecast period, which concluded in 2018, the North American region is anticipated to hold the biggest market share in the worldwide market for industrial networking solutions. Similar patterns are anticipated to continue during the market's current forecast period, which will conclude in 2023. The adoption of smart connected devices is one of the main drivers of this expansion in the North American area, which is followed by the advent of other emergent variables like the Industrial Internet of Everything (IIoE) and agile networks. Additionally, the presence of various market participants in the global market trends, such as Managed Service Providers (MSPs), industrial networking solution providers, among other trustworthy organisations like technology consultants, and network operators, has partnered with major players to improve the organisational networking ecosystem in North America. As a significant participant in the industrial networking solutions market, the APAC region is anticipated to contribute to the industry's great degree of momentum during the period ending in 2023.

Market segmentation

While preparing the research for the forecast period of 2021–2023, the industrial networking solutions market has been examined based on the performance that has been registered by the notable sectors of the worldwide markets in various regions covered. Over and beyond the amount that is reported by the various market sectors, the market's achievable revenue numbers may be forecasted and studied:

By Component: Services and Technologies

Wi-Fi, SDWAN, and the Internet of Things

Services include network integration, network orchestration, and network planning and optimization. education and training, Security for networks, setting up networks, providing support and upkeep, advising for networks, and testing and auditing networks

Remote monitoring, asset tracking and management, supply chain management, real-time streaming and video, incident and emergency management, and predictive maintenance are listed per application area.

By Deployment: On-premises, Cloud

by Industry Vertical: Discrete, Semiconductor and electronics, medical equipment, logistics and transportation, process industry, energy and utilities, and machine manufacturing for the automotive and machine industry

Food and beverages, materials and chemicals, water and waste management, and others (pharmaceutical, mining and metals, and pulp and paper)

Depending on the kind of networking: wireless networking, wired networking

Small and medium-sized industries, by industry size

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Key Players

Siemens AG from Germany, Cisco Systems Inc. from the United States, Juniper Networks from the United States, Dell Inc. from the United States, Moxa Inc. from the United States, ABB from Switzerland, Eaton from Ireland, Huawei Technologies Co. Ltd from China, Rockwell Automation Inc. from the United States, and Hewlett Packard Enterprise Development LP from the United States are the companies that are involved.

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