Industrial Networking Solutions Market by Component, Networking Type, Application, Deployment, Industry Size, Vertical

Description

List of Tables

[188 Pages Report] The Industrial Networking Solutions Market size was estimated at USD 29.42 billion in 2023 and expected to reach USD 34.27 billion in 2024, at a CAGR 16.57% to reach USD 86.07 billion by 2030.

Industrial networking solutions are the comprehensive set of technologies, protocols, and practices implemented to ensure robust, secure, and reliable communication among various devices and systems within industrial environments. Industrial networking solutions connect a myriad of devices, such as sensors, actuators, control systems, and human-machine interfaces (HMIs), thereby creating a cohesive ecosystem that can exchange data and make coordinated decisions. The increased industrial activity and stringent industry regulations requiring robust network systems to ensure safety and data integrity promote the deployment of industrial networking solutions. In addition, the transition towards smart manufacturing is a chief driver for adopting advanced networking solutions. However, vulnerability to cyber-attacks and a shortage of skilled experts who can design, implement, and maintain sophisticated networking solutions limit the usage of industrial networking solutions. Moreover, the cost associated with deploying advanced industrial networking solutions may hinder the penetration of solutions among small and medium-scale industries. Nevertheless, the integration of 5G technology for enhanced bandwidth and lower latency and the increasing applicability of industrial networking solutions across process industries are expected to create opportunities for the market in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 29.42 billion
Estimated Year [2024]	USD 34.27 billion
Forecast Year [2030]	USD 86.07 billion
CAGR (%)	16.57%

Component: Increasing significance of technologies in industrial networking solutions to create robust networks

In industrial networking solutions, services are pivotal in ensuring the smooth deployment, operation, and maintenance of networking technologies. This segment encompasses a variety of offerings, such as consulting, integration and deployment, support and maintenance, and managed services. Customers prefer consulting services when they need expert advice on designing and implementing a networking solution tailored to their unique industrial environment. Integration & deployment services are essential. Preference for these services depends upon the complexity of the networking solutions required. Technologies in industrial networking are the tangible components that facilitate communication between various devices and management systems within an industrial setting. This category includes hardware, software, and platforms operating synergistically to create robust networks. Networking hardware, including switches, routers, gateways, and access points, is preferred for its foundation role in industrial networking. The need for centralized control and management of network resources has led to an increased preference for networking platforms.

Networking Type: Expanding demand for wireless networking as it supports mobility and can be adjusted with minimal disruption

Wireless networking in industrial environments allows for flexible, scalable, and often cost-effective connections between devices and systems. Wireless networking has become essential, particularly in facilities where wired infrastructure is impractical or too expensive to deploy. Wireline networking, with its high reliability and security, remains the backbone of industrial communication systems, particularly in settings demanding consistent and high-speed data transfer with low latency. Sectors such as utilities, energy, and manufacturing with heavy machinery lean towards wireline solutions due to their stability and robustness. This is critical for applications such as process control and automation systems without losing connectivity.

Deployment: Growing preference for on-cloud deployment due to its cost-effectiveness and ease of deployment

On-cloud deployment refers to the delivery of industrial networking solutions through cloud-based platforms. These platforms are hosted on the service provider's infrastructure rather than the end user's premises. This model provides significant advantages in scalability, flexibility, and cost-efficiency. Companies that opt for on-cloud deployment generally avoid investing in physical infrastructure and leverage the as-a-service model that provides ongoing updates and maintenance. On-premises deployment involves installing the industrial networking solutions directly on the client's hardware within their physical premises. This model gives the organization complete control over their networking infrastructure and data, which is crucial for companies with high security or regulatory requirements. The trade-off typically includes a more increased upfront investment and ongoing costs for maintenance and upgrades.

Vertical: Increasing potential of industrial networking solutions across the discrete industry that supports production processes and complex supply chains

The discrete industry encompasses sectors where goods are produced distinctively, such as electronics, automotive, and aerospace. Networking solutions within these sectors are tailored to support modular production processes and complex supply chains. Automotive manufacturing is rapidly advancing through the adoption of industrial networking solutions. This integration facilitates robust, secure connectivity and real-time data exchange, optimizing the production line and supply chain management and enabling predictive maintenance practices. Industrial networking solutions provide transportation & logistics sectors advanced tracking capabilities, improved asset utilization, and greater operational transparency, enhancing throughput and reducing downtime. Machine manufacturers benefit from industrial networking solutions through machine-to-machine communication and automation improvements. These advancements contribute to improved production flexibility, predictive maintenance, and a notable reduction in time-to-market for new machinery. Stringent regulations and the need for precision and reliability significantly influence the medical device industry. Industrial networking solutions in this vertical ensure secure data handling, compliance with health standards, and connectivity supporting medical technology advancement. With an ever-increasing demand for innovation, the semiconductor and electronics industry relies heavily on industrial networking solutions to augment production efficiency and scalability and meet the exacting quality control standards necessary in this high-precision field. The process industry refers to sectors such as oil & gas, chemicals, and pharmaceuticals, where production systems are continuous or batch. Network solutions for this industry prioritize reliability, safety, and long-term stability, accommodating 24/7 operational demands and hazardous environments. Chemical & material producers are turning towards networked solutions to refine processes, bolster supply chain transparency, and facilitate regulatory compliance while focusing on safety and environmental stewardship. For energy & utilities, integrating industrial networking solutions is pivotal for managing distribution networks, enhancing grid reliability, and incorporating renewable energy sources. These technologies enable smarter grid management and outage response mechanisms. The food & beverage sector benefits from networking solutions by optimizing the supply chain, improving food safety and quality control, and accelerating responsiveness to market demands and consumption patterns. Industrial networking plays a transformative role in water & waste management by implementing smart grids that enable efficient monitoring and management of resources, driving sustainability and regulatory compliance initiatives.

Regional Insights

The Americas region represents a robust market for industrial networking solutions due to advanced manufacturing sectors and the early adoption of IoT technologies. End-user needs in this region are primarily driven by a quest for efficiency gains, data analytics, and automation in various industries, including automotive, aerospace, and energy. A significant push for smart manufacturing in the Americas has increased demand for industrial Ethernet, wireless communication, and cyber-secure networking. In the European Union, stringent regulations, sustainability goals, and the Industry 4.0 movement highly influence customer purchasing behavior for industrial networking solutions. The EU's focus on energy-efficient and eco-friendly manufacturing processes has driven the need for greener and more energy-effective networking solutions. In the Middle East, smart city initiatives, such as Saudi Arabia's Vision 2030, drive the market towards innovative networking solutions that support extensive automation and data exchange. The Asia Pacific region observes a rapidly growing market for industrial networking solutions, propelled by massive industrialization and manufacturing capabilities. The supportive government initiatives and investments for automation and smart manufacturing in the emerging economies of Asia-Pacific are expanding the scope for industrial networking solutions. The significant investment, particularly in areas such as 5G technology for industrial automation, AI and machine learning-based monitoring systems, and energy-efficient networking components, is positively contributing to the growth of the industrial networking solutions market in the Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Networking Solutions Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Networking Solutions Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Networking Solutions Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, ALE USA Inc., Antaira Technologies LLC, Aruba Networks, Inc. by Hewlett Packard Enterprise Development LP, Belden Inc., Celona Inc., Cisco Systems Inc., CSG Networks Pvt. Ltd., Cyber Security Intelligence, Dell Inc., Eaton Corporation, General Electric Company, Graphiant, Huawei Technologies Co. Ltd., Juniper Networks, Inc., Litmus Automation Inc., Moxa Inc., Nokia Corporation, Patton LLC, Red Lion Controls, Rockwell Automation, Inc., Siemens AG, Sierra Wireless Inc. by Semtech Corporation, SolutionsPT Ltd., and Veryx Technologies Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Industrial Networking Solutions Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Services
  - Network Auditing & Testing
  - Network Consulting
  - Network Integration
  - Network Orchestration
  - Network Planning & Optimization
  - Network Provisioning
  - Network Security
  - Support & Maintenance
  - Training & Education

Technologies
- Industrial Internet of Things
- Software-Defined Wide Area Network
- Wireless Local Area Network

Networking Type
- Wireless Networking
- Wireline Networking

Application
- Asset Tracking & Management
- Emergency & Incident Management
- Predictive Maintenance
- Real-Time Streaming & Video
- Remote Monitoring
- Supply Chain Management

Deployment
- On-Cloud
- On-Premises

Industry Size
- Large-Scale Industries
- Small & Medium-Scale Industries

Vertical
- Discrete Industry
  - Automotive
  - Logistics & Transportation
  - Machine Manufacturing
  - Medical Devices
  - Semiconductor & Electronics

Process Industry
- Chemicals & Materials
- Energy & Utilities
- Food & Beverage
- Water & Waste Management

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Networking Solutions Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Networking Solutions Market?

3. What are the technology trends and regulatory frameworks in the Industrial Networking Solutions Market?

4. What is the market share of the leading vendors in the Industrial Networking Solutions Market?

5. Which modes and strategic moves are suitable for entering the Industrial Networking Solutions Market?

Product Code: MRR-2D6E676CAB86

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising need for advanced industrial networking solutions
  - 5.1.1.2. Proliferation of wireless networks across the industry operations
  - 5.1.1.3. Growing demand for software-defined wide area network
- 5.1.2. Restraints
  - 5.1.2.1. Concerns identified with information security and protection
- 5.1.3. Opportunities
  - 5.1.3.1. Growing technological advancements in industrial networking solutions
  - 5.1.3.2. Surge in the growth of operational technology and industrial IoT network
- 5.1.4. Challenges
  - 5.1.4.1. Complexities in integrating systems into smart infrastructure
5.2. Market Segmentation Analysis
- 5.2.1. Component: Increasing significance of technologies in industrial networking solutions to create robust networks
- 5.2.2. Networking Type: Expanding demand for wireless networking as it supports mobility and can be adjusted with minimal disruption
- 5.2.3. Deployment: Growing preference for on-cloud deployment due to its cost-effectiveness and ease of deployment
- 5.2.4. Vertical: Increasing potential of industrial networking solutions across the discrete industry that supports production processes and complex supply chains
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Industrial Networking Solutions Market, by Component

6.1. Introduction
6.2. Services
6.3. Technologies

7. Industrial Networking Solutions Market, by Networking Type

7.1. Introduction
7.2. Wireless Networking
7.3. Wireline Networking

8. Industrial Networking Solutions Market, by Application

8.1. Introduction
8.2. Asset Tracking & Management
8.3. Emergency & Incident Management
8.4. Predictive Maintenance
8.5. Real-Time Streaming & Video
8.6. Remote Monitoring
8.7. Supply Chain Management

9. Industrial Networking Solutions Market, by Deployment

9.1. Introduction
9.2. On-Cloud
9.3. On-Premises

10. Industrial Networking Solutions Market, by Industry Size

10.1. Introduction
10.2. Large-Scale Industries
10.3. Small & Medium-Scale Industries

11. Industrial Networking Solutions Market, by Vertical

11.1. Introduction
11.2. Discrete Industry
11.3. Process Industry

12. Americas Industrial Networking Solutions Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Industrial Networking Solutions Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Industrial Networking Solutions Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. R&M Expands Industrial Networking Application Portfolio
- 15.3.2. READY Robotics and the Industrial Solutions Network of CED Partner to Empower Industrial Customers with ForgeOS
- 15.3.3. CIVC Partners Announces Investment In Industrial Networking Solutions
15.4. Strategy Analysis & Recommendation

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio