South & Central America Industrial Networking Solution Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The industrial networking solution market in South and Central America is projected to grow significantly, reaching approximately US$ 2,166.27 million by 2031, up from US$ 692.43 million in 2023. This growth represents a compound annual growth rate (CAGR) of 15.3% from 2023 to 2031.

Executive Summary and Market Analysis

In June 2023, Nokia and Telefonica formed a partnership aimed at enhancing digital transformation across South and Central America through the establishment of industrial IoT networks. This collaboration focuses on deploying Nokia's 5G wireless network and digitalization solutions, particularly in sectors such as energy, mining, and manufacturing. According to Master Certificacoes, the digitization of industries is expected to have a substantial economic impact, with Brazil potentially generating over US$ 210 billion by 2030 through IoT technologies. Consequently, the industrial networking solutions market is anticipated to expand during the forecast period, driven by the increasing adoption of Industry 4.0 and the Industrial Internet of Things (IIoT).

Market Segmentation Analysis

The South and Central America industrial networking solution market can be segmented based on components, deployment methods, connectivity types, and end-use industries:

Components: The market is divided into hardware, software, and services, with hardware accounting for the largest market share in 2023.
Deployment: The market is categorized into on-premise and cloud solutions, where on-premise solutions held a larger share in 2023.
Connectivity: The market is split into wired and wireless connectivity, with wired solutions dominating in 2023.
End-Use Industries: The market includes sectors such as automotive, banking, financial services, and insurance (BFSI), manufacturing, telecommunications, logistics and transportation, among others, with manufacturing leading the market share in 2023.

Market Outlook

The advent of Industry 4.0 signifies a major shift in digital transformation across various sectors, enabling real-time decision-making, enhanced productivity, and operational flexibility. This revolution allows businesses to optimize their operations by utilizing interconnected industrial equipment and advanced computing technologies. The Fourth Industrial Revolution is characterized by rapid technological advancements, societal changes, and procedural innovations driven by connectivity and intelligent automation.

Industries are increasingly focused on improving the efficiency of their assets and production systems through digitization and convergence, leveraging IIoT and Industry 4.0 technologies. However, to fully realize these benefits, secure connections between production environments and standard networking technologies are essential. This connectivity provides access to valuable data streams, real-time visibility, and remote operational capabilities. The integration of LTE/4G technology is crucial for enhancing cellular technology adoption in industrial sectors, laying the groundwork for future advanced networking solutions. The advantages of Industry 4.0, including improved productivity, flexibility, and profitability, are expected to drive growth in the industrial networking solutions market during the forecast period.

Country Insights

The South and Central America industrial networking solution market is comprised of Brazil, Argentina, and the Rest of South and Central America, with the Rest of South and Central America holding the largest market share in 2023. This region includes countries like Chile, Colombia, and Peru, where the implementation of predictive technologies and effective monitoring systems is enhancing maintenance programs and improving fault detection and diagnosis. The growth of IIoT and Industry 4.0 is anticipated to further support the expansion of the industrial networking solutions market in South and Central America.

Company Profiles

Key players in the industrial networking solution market include ABB Ltd, Belden Inc, Cisco Systems Inc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co Ltd, Moxa Inc., Nokia Corp, Rockwell Automation Inc, Semtech Corp, and Siemens AG. These companies are employing various strategies such as market expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase their market presence.

Product Code: BMIRE00032118

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. South & Central America Industrial Networking Solutions Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Hardware and Software Providers
- 4.2.2 Services and Hardware Integrators
- 4.2.3 End Users
4.3 List of Vendors in the Value Chain

5. South & Central America Industrial Networking Solutions Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Adoption of Wireless Technologies
- 5.1.2 Rising Need for Predictive Maintenance
5.2 Market Restraints
- 5.2.1 High Initial Cost of Industrial Networking Solutions
5.3 Market Opportunities
- 5.3.1 Integration of Industrial Internet of Things
- 5.3.2 Emergence of Industry 4.0
5.4 Trends
- 5.4.1 Increasing Demand for SD-WAN Solution
5.5 Impact of Drivers and Restraints:

6. Industrial Networking Solutions Market - South & Central America Analysis

6.1 South & Central America Industrial Networking Solutions Market Revenue (US$ Million), 2021-2031
6.2 South & Central America Industrial Networking Solutions Market Forecast Analysis

7. South & Central America Industrial Networking Solutions Market Analysis - by Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Software and Services
- 7.2.1 Overview
- 7.2.2 Software and Services: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. South & Central America Industrial Networking Solutions Market Analysis - by Deployment

8.1 On-premise
- 8.1.1 Overview
- 8.1.2 On-premise: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Cloud
- 8.2.1 Overview
- 8.2.2 Cloud: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. South & Central America Industrial Networking Solutions Market Analysis - by Connectivity

9.1 Wired
- 9.1.1 Overview
- 9.1.2 Wired: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Wireless
- 9.2.1 Overview
- 9.2.2 Wireless: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. South & Central America Industrial Networking Solutions Market Analysis - by End-use Industry

10.1 Automotive
- 10.1.1 Overview
- 10.1.2 Automotive: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Manufacturing
- 10.3.1 Overview
- 10.3.2 Manufacturing: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Telecommunication
- 10.4.1 Overview
- 10.4.2 Telecommunication: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5 Logistics and Transportation
- 10.5.1 Overview
- 10.5.2 Logistics and Transportation: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. South & Central America Industrial Networking Solutions Market - Country Analysis

11.1 South & Central America
- 11.1.1 South and Central America Industrial Networking Solutions Market Overview
- 11.1.2 South & Central America Industrial Networking Solutions Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 South & Central America Industrial Networking Solutions Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 Brazil: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.2.1 Brazil: South & Central America Industrial Networking Solutions Market Share - by Component
    - 11.1.2.2.2 Brazil: South & Central America Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.2.3 Brazil: South & Central America Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.2.4 Brazil: South & Central America Industrial Networking Solutions Market Share - by End-use Industry
  - 11.1.2.3 Argentina: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.3.1 Argentina: South & Central America Industrial Networking Solutions Market Share - by Component
    - 11.1.2.3.2 Argentina: South & Central America Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.3.3 Argentina: South & Central America Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.3.4 Argentina: South & Central America Industrial Networking Solutions Market Share - by End-use Industry
  - 11.1.2.4 Rest of South & Central America: South & Central America Industrial Networking Solutions Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.4.1 Rest of South & Central America: South & Central America Industrial Networking Solutions Market Share - by Component
    - 11.1.2.4.2 Rest of South & Central America: South & Central America Industrial Networking Solutions Market Share - by Deployment
    - 11.1.2.4.3 Rest of South & Central America: South & Central America Industrial Networking Solutions Market Share - by Connectivity
    - 11.1.2.4.4 Rest of South & Central America: South & Central America Industrial Networking Solutions Market Share - by End-use Industry

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Partnerships and Collaborations
13.4 Other Developments

14. Company Profiles

14.1 Huawei Technologies Co Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 ABB Ltd
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Belden Inc
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Cisco Systems Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Hewlett Packard Enterprise Development LP
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Moxa Inc.
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Nokia Corp
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Rockwell Automation Inc
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Semtech Corp
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Siemens AG
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About Us
15.2 List of Abbreviations