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Global Industrial Networking Solutions Market size is predicted to reach $55.4 billion by 2030, growing at a CAGR of 10.5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Deployment of 5G technology and adoption of edge computing propels market growth, finds IndustryARC in its recent report, titled “Industrial Networking Solutions Market – By Category (Ethernet Network, Wireless Network and Fieldbus Network), By Product Type (Controller, Coupler, Remote Terminals, Code Readers, Routers and Switches and Others), By End-User (Automotive, Logistics and Transportation, Aerospace and Defense, Electronics & Semiconductor, Medical & Healthcare, Oil and Gas, Manufacturing, Power, Water and Waste Water Treatment, Chemical, Pharmaceutical, Food & Beverage and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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APAC to Register Highest Growth:
In 2023, the Asia-Pacific (APAC) region experienced the highest growth in the Industrial Networking Solutions market, driven by rapid industrialization and urbanization. Countries like China, India, and Japan led the charge, with significant investments in smart manufacturing and automation. The region’s growing focus on digitization and the integration of advanced technologies in industrial operations spurred demand for robust networking solutions. Additionally, government initiatives supporting Industry 4.0 and the expansion of manufacturing sectors further fueled growth. APAC’s impressive performance underscores its potential as a major player in the global industrial networking landscape, poised for continued expansion and innovation.
Industrial Networking Solutions Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
10.5% |
|
Market Size in 2030 |
$55.4 billion |
|
Segments Covered |
By Category, By Product Type, By Data Type, By End-User and By Region |
|
Geographies Covered |
North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa). |
|
Key Market Players |
1. Huawei Technologies Co. Ltd. 2. Cisco System Inc. 3. Belden Inc. 4. Moxa Inc. 5. Rockwell Automation Inc. 6. Juniper Networks Inc. 7. Sierra Wireless 8. Belden Incorporated 9. Eaton Corporation Inc. 10. Aruba Networks. |
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Industrial Networking Solutions Market Report – Key Takeaways:
In the category segment, Ethernet networks dominated the market with a substantial 67% share in 2023. This is attributed to its widespread use and the extensive deployment of wired connections during facility setup, which has solidified its market position. Amid the era of digital transformation, wireless networks are experiencing the fastest market growth, driven by the proliferation of Industry 4.0 and increasing adoption of the Industrial Internet of Things (IIoT). For example, ORBCOMM, an American company specializing in industrial IoT and machine-to-machine communications hardware, has introduced dual-mode industrial IoT solutions to enhance asset tracking and connectivity efficiency.
Manufacturing dominates the Industrial Networking Solutions Market due to its significant role in driving demand for advanced connectivity and automation technologies. As manufacturers aim to enhance productivity, reduce downtime, and improve supply chain efficiency, they increasingly adopt industrial networking solutions. These solutions enable seamless data exchange and real-time monitoring, facilitating smart manufacturing and Industry 4.0 initiatives. The integration of IoT devices, machine-to-machine communication, and predictive maintenance further strengthens the need for robust networking infrastructures. Consequently, the manufacturing sector’s focus on operational excellence and competitive advantage positions it as a dominant force in the industrial networking landscape.
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Key Opportunity Analysis:
Expansion of Smart Cities
The expansion of smart cities presents a significant opportunity for the Industrial Networking Solutions Market. As urban centers evolve into interconnected ecosystems, there is a growing demand for seamless connectivity across various infrastructure components. Industrial networking solutions enable efficient management of utilities, transportation, and public services through real-time data sharing and analysis. The integration of IoT devices and smart sensors supports the development of intelligent systems for traffic management, energy optimization, and environmental monitoring. This trend drives the need for advanced networking solutions that can handle the complexity and scale of smart city environments, fostering growth in the market.
Growth in Industrial IoT
The growth of the Industrial Internet of Things (IIoT) offers a substantial opportunity for the Industrial Networking Solutions Market. As industries increasingly embrace IIoT to enhance operational efficiency, connectivity becomes paramount. Industrial networking solutions facilitate the seamless integration of sensors, devices, and machinery, enabling real-time data exchange and analytics. This integration supports predictive maintenance, process optimization, and improved decision-making. The rising adoption of IIoT across sectors like manufacturing, energy, and transportation drives the demand for robust networking infrastructure. Consequently, the market benefits from the ongoing digital transformation, leveraging IIoT to unlock new levels of productivity and innovation.
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The report also covers the following areas:
Industrial Networking Solutions Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in the Industrial Networking Solutions Market:
The Global Industrial Networking Solutions Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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