Global Industrial Networking Solutions Market- Industry Trends and Forecast to 2025

Market Analysis: Global Industrial Networking Solutions Market

The global industrial networking solutions market accounted for USD 24.53 billion in 2017 and is projected to grow at a CAGR of 21.4% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Industrial Networking Solutions Market

An industrial communication network is a spine for any computerization framework engineering as it has been giving effective methods for information trade, information controllability, and adaptability to interface different gadgets. With the utilization of exclusive advanced correspondence in enterprises over the decade enhanced end-to-end computerized flag exactness and respectability. These systems can either be LAN (Local Area Network, which is utilized as a part of a restricted territory) or WAN (Wide Area Network which is utilized as worldwide framework) empowered to impart tremendous measures of information utilizing a set number of channels. Modern systems administration additionally prompted the execution of different correspondence conventions between advanced controllers, field gadgets, different computerization related programming instruments and furthermore to outside frameworks.

Software Defined Wide Area Network (SDWAN) is an alternative for the traditional routers and switches; it gives a dynamic and arrangement based application way for business capacities. SDWAN utilizes cloud-based programming and advances to upgrade and advance the conveyance of the Wide Area Network (WAN) administrations to the remote workplaces of an endeavor. In addition, SDWAN is an emerging and developing innovation tech, which reforms systems administration and makes it swifter and more reliable and functional. The innovation empowers to oversee arranges in more agile mold by controlling them with programming characterized capacities. In context to the industrial network solution, Moxa’s newly launched MGate 5103 and MGate 5111 industrial protocol gateways enable fast and easy protocol conversions between Modbus devices and PROFINET/PROFIBUS-based SCADA systems and PLCs.

Market Drivers and Restraints:

  • Growing need for predictive maintenance.
  • Increase in demand for SDWAN solutions.
  • Rise of wireless technologies in industry operations.
  • Initiation of data analytics and data processing.
  • Data theft followed by loss of property.
  • Weak against cyber-attacks and ransomwares.

Market Segmentation: Global Industrial Networking Solutions Market

  • The global industrial networking solutions market is based on component, deployment model, application area, vertical, networking type, organization structure, and geographical segments.
  • Based on component, the global industrial networking solution market is segmented into technologies and services. Technologies can be further sub segmented into WLAN, SDWAN and IIoT. Services can be further sub segmented into network planning and optimization network integration, network orchestration, training and education, network security, network provisioning, support and maintenance, network consulting and network auditing and testing.
  • Based on application area, the global industrial networking solution market is segmented into remote monitoring, asset tracking and management, supply chain management, real-time streaming and video, emergency and incident management and predictive maintenance.
  • Based on deployment model, the global industrial networking solutions market is segmented into cloud and on- premises.
  • Based on vertical, the global industrial networking solutions market is segmented into discrete industry and process industry. Discrete industry can further be sub segmented into automotive, machine manufacturing, semiconductor and electronics, medical devices and logistics and transportation. process industry can further be sub segmented into s industry energy and utilities, chemicals and materials, food and beverage, water and waste management and others (pharmaceutical, mining and metals, and pulp and paper).
  • Based on the organization structure, the global industrial networking solutions market is segmented into small and medium-sized enterprises and large enterprises.
  • Based on geography, the global industrial networking solutions market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Analysis: Global Industrial Networking Solutions Market

The global industrial networking solutions market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of industrial networking solutions market for global, Europe, North America, Asia Pacific and South America.

Key Players: Global Industrial Networking Solutions Market

Huawei, Eaton, Cisco, Dell EMC, Juniper Networks, Sierra Wireless, Aruba Networks, Veryx Technologies, ABB, Moxa, Belden, Rockwell Automation, Schneider Electric, Siemens, Actelis Networks, GE grid Solutions and Industrial Networking Solutions.

Research Methodology: Global Industrial Networking Solutions Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

Global Industrial Networking Solutions Market- Industry Trends and Forecast to 2025

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