Industrial Networking Solutions Market Size, Share, Growth & Forecast 2032

Industrial Networking Solutions Market Insights

Zion Market Research has published a report on the global Industrial Networking Solutions Market, estimating its value at USD 16.84 Billion in 2023, with projections indicating that it will reach USD 35.54 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.8% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Industrial Networking Solutions industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Industrial Networking Solutions Market Introduction

Industrial networking solution is a computerized framework engineering tool and offers new methods for information trade and compatibility.  Furthermore, it also helps the systems & gadgets to adapt to various user interfaces. The requirement of industrial networking solutions in myriad sectors has increased in the recent times with paradigm shift witnessed in the functioning of robots and industrial control tools. Apparently, industrial networking solutions facilitate automation both in manufacturing procedures as well as spectrum of business processes.

In addition to this, extensive use of personal equipment at workplace is producing new growth avenues for industrial networking solutions business in the recent years. Furthermore, the need for integrated & robust security of devices in firms and massive requirement of improving the manageability of industrial networks will enhance the popularity of the industrial networking solutions over the years ahead.  

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Industrial Networking Solutions Market Growth Dynamics

The rise in predictive maintenance activities and constant demand surge for software defined wide area network will steer the expansion of industrial networking solutions market over the years to come. Apart from this, massive Bring-Your-Own-Device trends is predicted to open new vistas of growth for the market in the ensuing years. In addition to this, rise in the use of wireless techniques in industrial operations will prop up the market progress over the forecast timespan. The large-scale utilization of smartphones & tablets will promote the utility of industrial networking solutions by various firms to know the customer needs and fulfill them, thereby enhancing the end-user experience. This, in turn, will further embellish the market trends.

Furthermore, with onset of big data analytics and introduction of new data Predictive Maintenance tools, the market for industrial networking solutions is likely to gain momentum over the upcoming timespan. Moreover, surge in number of connected things is likely to offer lucrative growth opportunities for industrial networking solutions industry in the next couple of years. However, growing complexities experienced in linking various legacy systems with smart infrastructure is likely to pose a challenge to the progression of the market in the near future. Additionally, privacy concerns & threat of data breach will further decimate the growth of the industrial networking solutions industry in the years ahead.

Industrial Networking Solutions Market: Report Scope

North American Market To Witness Remarkable Growth Over 2024-2032

The surge in the expansion of North American market over the forecast timeline is owing to acceptance of smart devices, agile networking systems, and industrial internet of things in the firms. In addition to this, managed service providers, network operators, and technology consultants are partnering with reputed industry players for improving efficacy of organizational networking ecosystem in Canada and the U.S., thereby magnifying the regional market growth. Firms in Canada have optimized their networking processes through utilization of industrial networking solutions, thereby further steering the growth of North American market in the years to come.

Key participants profiled in the report are:

• Belden
• Dell EMC
• Aruba Networks
• Cisco
• Veryx Technologies
• Sierra Wireless
• Rockwell Automation
• Juniper Networks
• Moxa.  

The Global Industrial Networking Solutions Market is segmented as follows:

By Component:

• Technologies
• Services

By Technology

• WLAN
• SDWAN
• IIoT

By Service

• Network planning and optimization
• Network integration
• Network orchestration
• Training and education
• Network security
• Network provisioning
• Support and maintenance
• Network consulting
• Network auditing and testing

By Application Area:

• Remote monitoring
• Asset tracking and management
• Supply chain management
• Real-time streaming and video
• Emergency and incident management
• Predictive maintenance

By Deployment:

• Cloud
• On-premises

By Vertical:

• Discrete Industry
  • Automotive
  • Machine manufacturing
  • Semiconductor and electronics
  • Medical devices 
  • Logistics and transportation
• Process Industry
  • Energy and utilities
  • Chemicals and materials 
  • Food and Discrete Industry
  • Water and waste management
  • Others (pharmaceutical, mining and metals, and pulp and paper)

By Networking Technology:

• Wireless networking
• Wireline networking

By Industry Size:

• Small and Medium Scale Industries
• Large Scale Industries

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa