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Industrial Networking Solutions (INS) Market by Offering, Technology (SD-WAN, WLAN, IIoT), Service, Application (Remote Monitoring, Predictive Maintenance, Emergency & Incident Management), Vertical, Networking Type and Region - Forecast to 2028

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    Report

  • 250 Pages
  • January 2024
  • Region: Global
  • Markets and Markets
  • ID: 4470571
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This report forecasts that the industrial networking solutions market size is projected to grow from USD 29.2 billion in 2023 to USD 73.3 billion by 2028, at a CAGR of 20.2% during the forecast period. As industrial networks become more interconnected, the risk of cyberattacks also increases. Industrial networking solutions providers are developing secure and reliable solutions to protect critical infrastructure from cyber threats.

By application, the predictive maintenance segment is expected to grow with the highest CAGR during the forecast period

The predictive maintenance application smartly identifies the primary variables through root cause analysis and analyzes the assets’ performance and products’ quality, thereby minimizing reliability issues and meeting the delivery schedules of commercial clients. The predictive maintenance application aims to improve the reflectiveness of every machine on the customer’s site and avoid machine failures and the associated consequences. Companies such as Moxa are offering predictive maintenance applications, called proactive self-maintenance, which helps industries monitor the health of the computers deployed in their IIoT-enabled systems for performing preventive maintenance activities, thus maximizing the system’s uptime.

By vertical, the discrete industry segment is expected to hold the largest market size during the forecast period

The discrete industry vertical is involved in the manufacturing of distinct items, such as heavy machines, automobile parts, semiconductors and electronics, medical devices, and logistics and transportation equipment. Manufacturers in the discrete industry face challenges, such as ever-changing customer expectations, accelerated time-to-market cycles, regulatory pressure, and the rising cost of materials. To address such challenges, discrete industry companies have started using IIoT technologies and data analytics. The IIoT technology uses sensors fitted into finished goods to track the usage patterns and help the engineers view the usage rate of a particular product. Moreover, by using IIoT technologies, the engineers can assess the real usage data and derive insights for improving the product design by identifying feature gaps, non-value-adding features, use-case segments, and engineering weaknesses.

Asia Pacific is expected to grow with the highest CAGR during the forecast period

The Asia Pacific region has become a hotbed for the rapid adoption of industrial networking solutions. The industrial networking solutions market in the Asia Pacific is booming, fueled by the rising adoption of wireless technologies, cloud adoption, and security concerns with China, Japan, and India leading the charge. Cloud-based services are gaining traction, while industries like BFSI, media, and automotive are driving demand. Consolidation is shaping the competitive landscape, with established players like Cisco, Juniper Networks, and Huawei competing for dominance. As the market embraces new technologies like ML and AI, the future looks bright for industrial networking solutions in Asia Pacific.

Breakdown of Primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

  • By Company: Tier 1 - 62%, Tier 2 - 23%, and Tier 3 - 15%
  • By Designation: C-Level Executives - 38, Director Level - 30%, and Others - 32%
  • By Region: North America - 40%, Europe - 15%, APAC - 35%, MEA - 5%, Latin America - 5%

The major players in the Industrial networking solutions market are Cisco (US), Juniper Networks (US), Huawei (China), Dell Technologies (US), Rockwell Automation (US), Eaton (Ireland), Nokia (Finland), HPE (US), ABB (Switzerland), Belden (US), Siemens (Germany), Moxa (US), Red Lion Controls (US), Veryx Technologies (India), Litmus Automation (US), Celona (US), GE Digital (US), Kyland Technology (China), Graphiant (US), A5G Networks (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, product enhancements, and acquisitions to expand their footprint in the industrial networking solutions market.

Research Coverage

The report segments the global Industrial networking solutions market based on offering has been classified into Technologies and Services. By technology, the industrial networking solutions market is divided into three categories: SD-WAN, WLAN, IIoT. By service, the industrial networking solutions market is categorized by Network Planning & Optimization, Network Integration, Network Orchestration, Training & Education, Network Consulting, Network Provisioning, Network Security, Network Auditing & Testing, Support & Maintenance. By application, the market is categorized into: Remote Monitoring, Asset Tracking & Management, Supply Chain Management, Real-Time Streaming & Video, Emergency & Incident Management, Predictive Maintenance. By vertical the market has been classified into Process Industry (Energy & Utilities, Chemicals & Materials, Food & Beverage, Water & Waste Management, Other Process Industries) and Discrete Industry (Automotive, Machine Manufacturing, Semiconductors & Electronics, Medical Devices, Logistics & Transportation). By networking type, the industrial networking solutions market is divided into two categories: Wireless Networking, Wireline Networking. By region, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Key benefits of the report

The report would help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial networking solutions market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (growing need for predictive maintenance, increase in demand for SDWAN solutions, proliferation of wireless technologies in industry operations, advent of data analytics and data processing, increasing adoption of industry 4.0), restraints (data security and privacy concerns, cost constraint), opportunities (growing integration of IIoT, convergence of OT and IT), and challenges (complexities in connecting legacy systems to the smart infrastructures, data migration challenges, scalability).

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the industrial networking solutions market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the industrial networking solutions market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the industrial networking solutions market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Cisco (US), Juniper Networks (US), Huawei (China), Dell Technologies (US), Rockwell Automation (US), Eaton (Ireland), Nokia (Finland), HPE (US), ABB (Switzerland), Belden (US), Siemens (Germany), Moxa (US), Red Lion Controls (US), Veryx Technologies (India), Litmus Automation (US), Celona (US), GE Digital (US), Kyland Technology (China), Graphiant (US), A5G Networks (US).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
Figure 1 Industrial Networking Solutions Market Segmentation
1.3.2 Regions Covered
Figure 2 Industrial Networking Solutions Market Segmentation, by Region
1.3.3 Years Considered
Figure 3 Years Considered for Study
1.4 Currency Considered
Table 1 USD Exchange Rates, 2019-2022
1.5 Stakeholders
1.6 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 4 Industrial Networking Solutions Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Breakup of Primary Profiles
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Insights from Industry Experts
2.2 Market Breakup and Data Triangulation
Figure 5 Industrial Networking Solutions Market: Data Triangulation
2.3 Market Size Estimation
Figure 6 Market Size Estimation Methodology - Approach 1 (Supply Side): Industrial Networking Solutions Market
Figure 7 Market Size Estimation Methodology - Approach 2 (Demand Side): Industrial Networking Solutions Market
2.3.1 Top-Down Approach
Figure 8 Industrial Networking Solutions Market: Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 9 Industrial Networking Solutions Market: Bottom-Up Approach
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Assumptions
Table 3 Assumptions
2.6 Limitations
Figure 10 Limitations
2.7 Recession Impact Analysis
3 Executive Summary
Figure 11 Industrial Networking Solutions Market, 2021-2028 (USD Million)
Figure 12 Industrial Networking Solutions Market, Regional Share, 2023
Figure 13 Asia-Pacific to be Best Market for Investments During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in Industrial Networking Solutions Market
Figure 14 Increase in Demand for Sd-Wan Solutions and Proliferation of Wireless Technologies in Industrial Operations to Drive Market
4.2 North America: Industrial Networking Solutions Market, by Technology and Country
Figure 15 North America: IIoT and US to Account for Largest Segmental Shares
4.3 Asia-Pacific: Industrial Networking Solutions Market, by Technology and Country
Figure 16 Asia-Pacific: IIoT and China to Account for Largest Segmental Shares
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 17 Industrial Networking Solutions Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Growing Need for Predictive Maintenance
5.2.1.2 Increasing Demand for Sd-Wan Solutions
5.2.1.3 Proliferation of Wireless Technologies in Industry Operations
5.2.1.4 Advent of Data Analytics and Data Processing
5.2.1.5 Increasing Adoption of Industry 4.0
5.2.2 Restraints
5.2.2.1 Data Security and Privacy Concerns
5.2.2.2 Cost Constraint
5.2.3 Opportunities
5.2.3.1 Growing Integration of IIoT
5.2.3.2 Convergence of Ot and IT
5.2.4 Challenges
5.2.4.1 Complexities in Connecting Legacy Systems to Smart Infrastructure
5.2.4.2 Data Migration Challenges
5.2.4.3 Scalability
5.3 Industry Trends
5.3.1 Ecosystem/Market Map
Table 4 Industrial Networking Solutions Market: Ecosystem
Figure 18 Key Players in Industrial Networking Solutions Market Ecosystem
5.3.2 Case Study Analysis
5.3.2.1 Case Study 1: Lotte Restructured Existing Wan with Cisco Sd-Wan
5.3.2.2 Case Study 2: Taft Stettinius & Hollister Llp Improved Network Reliability with Oracle Sd-Wan
5.3.2.3 Case Study 3: Stolt-Nielsen Restructured Its Mpls Wan with Expereo and Vmware Sd-Wan to Gain Network Visibility and Eliminate Management Complexity
5.3.2.4 Case Study 4: Coevolve Implemented Vmware Sd-Wan to Transform Rgis's Branch Office Networking
5.3.2.5 Case Study 5: Windstream Brought Automation to Managed Sd-Wan Services by Deploying Ciena's Blue Planet
5.3.3 Value Chain Analysis
Figure 19 Industrial Networking Solutions Market: Value Chain Analysis
5.3.4 Regulatory Landscape
5.3.5 Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 RoW: Regulatory Bodies, Government Agencies, and Other Organizations
5.3.5.1 North America
5.3.5.1.1 US
5.3.5.1.2 Canada
5.3.5.2 Europe
5.3.5.3 Asia-Pacific
5.3.5.3.1 South Korea
5.3.5.3.2 China
5.3.5.3.3 India
5.3.5.4 Middle East & Africa
5.3.5.4.1 UAE
5.3.5.4.2 KSA
5.3.5.5 Latin America
5.3.5.5.1 Brazil
5.3.5.5.2 Mexico
5.3.6 Technology Analysis
5.3.6.1 Key Technologies
5.3.6.1.1 Ethernet/IP and Profinet
5.3.6.1.2 Modbus
5.3.6.1.3 Object Linking and Embedding for Process Control Unified Architecture (Opc Ua)
5.3.6.1.4 5G
5.3.6.2 Complementary Technologies
5.3.6.2.1 Software-Defined Networking (Sdn)
5.3.6.2.2 Cloud Computing
5.3.6.3 Adjacent Technologies
5.3.6.3.1 Wireless Technologies
5.3.6.3.2 Industrial IoT (IIoT)
5.3.7 Patent Analysis
5.3.7.1 Methodology
Figure 20 List of Major Patents for Industrial Networking Solutions Market
5.3.7.2 List of Major Patents
5.3.8 Key Conferences & Events, 2023-2024
Table 9 Detailed List of Key Conferences & Events, 2023-2024
5.3.9 Porter's Five Forces Analysis
Table 10 Impact of Porter's Five Forces on Industrial Networking Solutions Market
Figure 21 Industrial Networking Solutions Market: Porter's Five Forces Analysis
5.3.9.1 Threat of New Entrants
5.3.9.2 Threat of Substitutes
5.3.9.3 Bargaining Power of Buyers
5.3.9.4 Bargaining Power of Suppliers
5.3.9.5 Intensity of Competitive Rivalry
6 Industrial Networking Solutions Market, by Offering
6.1 Introduction
Figure 22 Services Segment to Dominate Industrial Networking Solutions Market in 2023
Table 11 Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 12 Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
6.1.1 Offering: Industrial Networking Solutions Market Drivers
6.2 Technologies
6.2.1 Growing Need for Advanced Technologies to Drive Market Growth
Table 13 Technologies: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 14 Technologies: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
6.3 Services
6.3.1 Growing Need to Provide Better Industrial Networking Services to Drive Market Growth
Table 15 Services: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 16 Services: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
7 Industrial Networking Solutions Market, by Technology
7.1 Introduction
Figure 23 IIoT Technology to Dominate During Forecast Period
Table 17 Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 18 Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
7.1.1 Technology: Industrial Networking Solutions Market Drivers
7.2 Software-Defined Wide Area Network
7.2.1 Growing Need for Better Agility and Flexibility to Drive Market
Table 19 Software-Defined Wide Area Network: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 20 Software-Defined Wide Area Network: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
7.3 Wireless Local Area Network
7.3.1 Increasing Adoption of Wlan Across Enterprises to Propel Market Growth
Table 21 Wireless Local Area Network: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 22 Wireless Local Area Network: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
7.4 Industrial Internet of Things
7.4.1 Growing Need for Enhanced Productivity and Efficiency to Drive Market Growth
Table 23 Industrial Internet of Things: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 24 Industrial Internet of Things: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8 Industrial Networking Solutions Market, by Service
8.1 Introduction
Figure 24 Network Planning & Optimization Segment to Have Largest Market Size During Forecast Period
Table 25 Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 26 Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
8.1.1 Service: Industrial Networking Solutions Market Drivers
8.2 Network Planning & Optimization
8.2.1 Growing Need for Enhanced Performance to Drive Market Growth
Table 27 Network Planning & Optimization: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 28 Network Planning & Optimization: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.3 Network Integration
8.3.1 Growing Need of Enterprises to Secure Their Networks to Drive Market Growth
Table 29 Network Integration: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 30 Network Integration: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.4 Network Orchestration
8.4.1 Increasing Need for Automation to Drive Market
Table 31 Network Orchestration: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 32 Network Orchestration: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.5 Training & Education
8.5.1 Growing Adoption of Industrial Networking Solutions to Drive Market Growth
Table 33 Training & Education: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 34 Training & Education: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.6 Network Consulting
8.6.1 Growing Need for Enhanced Network Architecture to Drive Market Growth
Table 35 Network Consulting: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 36 Network Consulting: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.7 Network Provisioning
8.7.1 Enhanced Need for Security to Drive Market Growth
Table 37 Network Provisioning: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 38 Network Provisioning: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.8 Network Security
8.8.1 Growing Number of Threats and Need to Provide Better Security Services to Propel Growth of Market
Table 39 Network Security: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 40 Network Security: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.9 Network Auditing & Testing
8.9.1 Increased Adoption of Advanced Technologies to Drive Market
Table 41 Network Auditing & Testing: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 42 Network Auditing & Testing: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
8.10 Support & Maintenance
8.10.1 Increasing Need to Optimize Network Performance to Drive Market Growth
Table 43 Support & Maintenance: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 44 Support & Maintenance: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
9 Industrial Networking Solutions Market, by Application
9.1 Introduction
Figure 25 Predictive Maintenance Segment to Have Largest Market Size During Forecast Period
Table 45 Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 46 Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
9.1.1 Application: Industrial Networking Solutions Market Drivers
9.2 Remote Monitoring
9.2.1 Growing Need for Monitoring and Reporting to Drive Market Growth
Table 47 Remote Monitoring: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 48 Remote Monitoring: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
9.3 Asset Tracking & Management
9.3.1 Increasing Need to Improve Productivity and Efficiency to Drive Market Growth
Table 49 Asset Tracking & Management: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 50 Asset Tracking & Management: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
9.4 Supply Chain Management
9.4.1 Growing Need to Achieve Sustainability to Drive Market Growth
Table 51 Supply Chain Management: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 52 Supply Chain Management: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
9.5 Real-Time Streaming & Video
9.5.1 Increased Adoption of Advanced Technologies to Drive Market
Table 53 Real-Time Streaming & Video: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 54 Real-Time Streaming & Video: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
9.6 Emergency & Incident Management
9.6.1 Need to Identify and Analyze Threats and Implement Corrective Actions to Drive Market Growth
Table 55 Emergency & Incident Management: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 56 Emergency & Incident Management: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
9.7 Predictive Maintenance
9.7.1 Growing Adoption of IIoT to Drive Market
Table 57 Predictive Maintenance: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 58 Predictive Maintenance: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10 Industrial Networking Solutions Market, by Vertical
10.1 Introduction
Figure 26 Discrete Industry to Have Larger Market Size During Forecast Period
Table 59 Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 60 Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
10.1.1 Vertical: Industrial Networking Solutions Market Drivers
10.2 Process Industry
10.2.1 Growing Need to Enhance Productivity to Drive Market Growth
Figure 27 Energy and Utilities to Have Largest Market Size During Forecast Period
Table 61 Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 62 Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
10.2.2 Energy & Utilities
Table 63 Energy & Utilities: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 64 Energy & Utilities: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.2.3 Chemicals & Materials
Table 65 Chemicals & Materials: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 66 Chemicals & Materials: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.2.4 Food & Beverage
Table 67 Food & Beverage: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 68 Food & Beverage: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.2.5 Water & Waste Management
Table 69 Water & Waste Management: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 70 Water & Waste Management: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.2.6 Other Process Industries
Table 71 Other Process Industries: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 72 Other Process Industries: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.3 Discrete Industry
10.3.1 Increasing Competition and Need to Maintain Advantage to Drive Market
Figure 28 Machine Manufacturing to Hold Largest Market Size During Forecast Period
Table 73 Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 74 Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
10.3.2 Automotive
Table 75 Automotive: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 76 Automotive: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.3.3 Machine Manufacturing
Table 77 Machine Manufacturing: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 78 Machine Manufacturing: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.3.4 Semiconductor & Electronics
Table 79 Semiconductor & Electronics: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 80 Semiconductor & Electronics: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.3.5 Medical Devices
Table 81 Medical Devices: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 82 Medical Devices: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
10.3.6 Logistics & Transportation
Table 83 Logistics & Transportation: Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 84 Logistics & Transportation: Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
11 Industrial Networking Solutions Market, by Networking Type
11.1 Introduction
11.1.1 Networking Type: Industrial Networking Solutions Market Drivers
11.2 Wireless Networking
11.2.1 Increasing Need for Real-Time Visibility of Network to Drive Market Growth
11.3 Wireline Networking
11.3.1 Growing Need to Provide Reliable Networking Solutions to Drive Market Growth
12 Industrial Networking Solutions Market, by Region
12.1 Introduction
Figure 29 Industrial Networking Solutions Market: Regional Snapshot
Figure 30 Asia-Pacific to Achieve Highest CAGR During Forecast Period
Table 85 Industrial Networking Solutions Market, by Region, 2018-2022 (USD Million)
Table 86 Industrial Networking Solutions Market, by Region, 2023-2028 (USD Million)
12.2 North America
Figure 31 North America: Market Snapshot
12.2.1 North America: Industrial Networking Solutions Market Drivers
12.2.2 North America: Recession Impact
Table 87 North America: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 88 North America: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 89 North America: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 90 North America: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 91 North America: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 92 North America: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 93 North America: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 94 North America: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 95 North America: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 96 North America: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 97 North America: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 98 North America: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 99 North America: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 100 North America: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
Table 101 North America: Industrial Networking Solutions Market, by Country, 2018-2022 (USD Million)
Table 102 North America: Industrial Networking Solutions Market, by Country, 2023-2028 (USD Million)
12.2.3 US
12.2.3.1 Rapid Adoption of Digitally Innovative Solutions and Presence of Tech Giants to Drive Market
Table 103 US: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 104 US: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 105 US: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 106 US: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 107 US: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 108 US: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 109 US: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 110 US: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 111 US: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 112 US: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 113 US: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 114 US: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 115 US: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 116 US: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
12.2.4 Canada
12.2.4.1 Increasing Investments to Deploy Better Industrial Networking Solutions to Propel Market
12.3 Europe
12.3.1 Europe: Industrial Networking Solutions Market Drivers
12.3.2 Europe: Recession Impact
Table 117 Europe: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 118 Europe: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 119 Europe: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 120 Europe: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 121 Europe: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 122 Europe: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 123 Europe: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 124 Europe: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 125 Europe: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 126 Europe: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 127 Europe: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 128 Europe: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 129 Europe: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 130 Europe: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
Table 131 Europe: Industrial Networking Solutions Market, by Country, 2018-2022 (USD Million)
Table 132 Europe: Industrial Networking Solutions Market, by Country, 2023-2028 (USD Million)
12.3.3 UK
12.3.3.1 Surging Demand for Digital Services and Pressing Need for Businesses to Innovate to Propel Growth
Table 133 UK: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 134 UK: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 135 UK: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 136 UK: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 137 UK: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 138 UK: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 139 UK: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 140 UK: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 141 UK: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 142 UK: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 143 UK: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 144 UK: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 145 UK: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 146 UK: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
12.3.4 Germany
12.3.4.1 Growing Initiatives by Government for Technological Advancements to Spur Growth
12.3.5 France
12.3.5.1 Rising Need for Technological Transformation to Boost Market Growth
12.3.6 Italy
12.3.6.1 Steady Embrace of Technology and Digital Transformation to Encourage Market Expansion
12.3.7 Rest of Europe
12.4 Asia-Pacific
Figure 32 Asia-Pacific: Market Snapshot
12.4.1 Asia-Pacific: Industrial Networking Solutions Market Drivers
12.4.2 Asia-Pacific: Recession Impact
Table 147 Asia-Pacific: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 148 Asia-Pacific: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 149 Asia-Pacific: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 150 Asia-Pacific: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 151 Asia-Pacific: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 152 Asia-Pacific: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 153 Asia-Pacific: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 154 Asia-Pacific: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 155 Asia-Pacific: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 156 Asia-Pacific: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 157 Asia-Pacific: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 158 Asia-Pacific: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 159 Asia-Pacific: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 160 Asia-Pacific: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
Table 161 Asia-Pacific: Industrial Networking Solutions Market, by Country, 2018-2022 (USD Million)
Table 162 Asia-Pacific: Industrial Networking Solutions Market, by Country, 2023-2028 (USD Million)
12.4.3 China
12.4.3.1 Increasing Focus on Providing Innovative Networking Solutions to Drive Market Expansion
Table 163 China: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 164 China: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 165 China: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 166 China: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 167 China: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 168 China: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 169 China: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 170 China: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 171 China: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 172 China: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 173 China: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 174 China: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 175 China: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 176 China: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
12.4.4 Japan
12.4.4.1 Increasing Government Initiatives to Propel Industrial Networking Solutions Market
12.4.5 India
12.4.5.1 Rising Investments and Expanding Industrial Sector to Drive Market Growth
12.4.6 Rest of Asia-Pacific
12.5 Middle East & Africa
12.5.1 Middle East & Africa: Industrial Networking Solutions Market Drivers
12.5.2 Middle East & Africa: Recession Impact
Table 177 Middle East & Africa: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 178 Middle East & Africa: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 179 Middle East & Africa: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 180 Middle East & Africa: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 181 Middle East & Africa: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 182 Middle East & Africa: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 183 Middle East & Africa: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 184 Middle East & Africa: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 185 Middle East & Africa: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 186 Middle East & Africa: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 187 Middle East & Africa: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 188 Middle East & Africa: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 189 Middle East & Africa: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 190 Middle East & Africa: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
Table 191 Middle East & Africa: Industrial Networking Solutions Market, by Country, 2018-2022 (USD Million)
Table 192 Middle East & Africa: Industrial Networking Solutions Market, by Country, 2023-2028 (USD Million)
12.5.3 GCC Countries
12.5.3.1 UAE
12.5.3.1.1 Growing Digital Transformation to Boost Market
12.5.3.2 KSA
12.5.3.2.1 Growing Adoption of Networking Solutions to Drive Market
12.5.3.3 Rest of GCC Countries
12.5.4 South Africa
12.5.4.1 Ongoing Industrial Growth and Modernization Efforts to Drive Market Expansion
12.5.5 Rest of Middle East & Africa 173
12.6 Latin America
12.6.1 Latin America: Industrial Networking Solutions Market Drivers
12.6.2 Latin America: Recession Impact
Table 193 Latin America: Industrial Networking Solutions Market, by Offering, 2018-2022 (USD Million)
Table 194 Latin America: Industrial Networking Solutions Market, by Offering, 2023-2028 (USD Million)
Table 195 Latin America: Industrial Networking Solutions Market, by Technology, 2018-2022 (USD Million)
Table 196 Latin America: Industrial Networking Solutions Market, by Technology, 2023-2028 (USD Million)
Table 197 Latin America: Industrial Networking Solutions Market, by Service, 2018-2022 (USD Million)
Table 198 Latin America: Industrial Networking Solutions Market, by Service, 2023-2028 (USD Million)
Table 199 Latin America: Industrial Networking Solutions Market, by Application, 2018-2022 (USD Million)
Table 200 Latin America: Industrial Networking Solutions Market, by Application, 2023-2028 (USD Million)
Table 201 Latin America: Industrial Networking Solutions Market, by Vertical, 2018-2022 (USD Million)
Table 202 Latin America: Industrial Networking Solutions Market, by Vertical, 2023-2028 (USD Million)
Table 203 Latin America: Industrial Networking Solutions Market, by Process Industry, 2018-2022 (USD Million)
Table 204 Latin America: Industrial Networking Solutions Market, by Process Industry, 2023-2028 (USD Million)
Table 205 Latin America: Industrial Networking Solutions Market, by Discrete Industry, 2018-2022 (USD Million)
Table 206 Latin America: Industrial Networking Solutions Market, by Discrete Industry, 2023-2028 (USD Million)
Table 207 Latin America: Industrial Networking Solutions Market, by Country, 2018-2022 (USD Million)
Table 208 Latin America: Industrial Networking Solutions Market, by Country, 2023-2028 (USD Million)
12.6.3 Brazil
12.6.3.1 Rising Investments by Multinational Companies to Boost Adoption of Industrial Networking Solutions
12.6.4 Mexico
12.6.4.1 Rising Government Initiatives and Partnerships to Trigger Market Growth
12.6.5 Rest of Latin America
13 Competitive Landscape
13.1 Introduction
13.2 Key Player Strategies/Right to Win
13.2.1 Overview of Strategies Deployed by Key Industrial Networking Solutions Vendors
13.3 Historical Revenue Analysis
Figure 33 Three-Year Revenue Analysis of Leading Industrial Networking Solutions Providers, 2020-2022 (USD Million)
13.4 Market Share Analysis of Top Players
Figure 34 Ins: Market Share Analysis
Table 209 Industrial Networking Solutions Market: Degree of Competition
13.5 Company Evaluation Matrix
13.5.1 Stars
13.5.2 Emerging Leaders
13.5.3 Pervasive Players
13.5.4 Participants
Figure 35 Industrial Networking Solutions Market: Company Evaluation Matrix, 2022
13.6 Startup/SME Evaluation Matrix
13.6.1 Progressive Companies
13.6.2 Responsive Companies
13.6.3 Dynamic Companies
13.6.4 Starting Blocks
Figure 36 Industrial Networking Solutions Market: Startup/SME Evaluation Matrix, 2022
13.7 Ranking of Key Players in Industrial Networking Solutions Market
Figure 37 Ranking of Key Players, 2022
13.8 Competitive Scenario
13.8.1 Product Launches
Table 210 Industrial Networking Solutions Market: Product Launches, 2020-2023
13.8.2 Deals
Table 211 Industrial Networking Solutions Market: Deals, 2020-2023
14 Company Profiles
14.1 Major Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
14.1.1 Cisco
Table 212 Cisco: Company Overview
Figure 38 Cisco: Company Snapshot
Table 213 Cisco: Products/Solutions/Services Offered
Table 214 Cisco: Product Launches
Table 215 Cisco: Deals
14.1.2 Juniper Networks
Table 216 Juniper Networks: Company Overview
Figure 39 Juniper Networks: Company Snapshot
Table 217 Juniper Networks: Products/Solutions/Services Offered
Table 218 Juniper Networks: Deals
14.1.3 Huawei
Table 219 Huawei: Company Overview
Figure 40 Huawei: Company Snapshot
Table 220 Huawei: Products/Solutions/Services Offered
Table 221 Huawei: Product Launches
14.1.4 Dell Technologies
Table 222 Dell Technologies: Company Overview
Figure 41 Dell Technologies: Company Snapshot
Table 223 Dell Technologies: Products/Solutions/Services Offered
Table 224 Dell Technologies: Deals
14.1.5 Rockwell Automation
Table 225 Rockwell Automation: Company Overview
Figure 42 Rockwell Automation: Company Snapshot
Table 226 Rockwell Automation: Products/Solutions/Services Offered
Table 227 Rockwell Automation: Product Launches
Table 228 Rockwell Automation: Deals
14.1.6 Eaton
Table 229 Eaton: Business Overview
Figure 43 Eaton: Company Snapshot
Table 230 Eaton: Products/Solutions/Services Offered
14.1.7 Nokia
Table 231 Nokia: Business Overview
Figure 44 Nokia: Company Snapshot
Table 232 Nokia: Products/Solutions/Services Offered
Table 233 Nokia: Product Launches
Table 234 Nokia: Deals
14.1.8 Hpe
Table 235 Hpe: Company Overview
Figure 45 Hpe: Company Snapshot
Table 236 Hpe: Products/Solutions/Services Offered
Table 237 Hpe: Product Launches and Enhancements
Table 238 Hpe: Deals
14.1.9 ABB
Table 239 ABB: Company Overview
Figure 46 ABB: Company Snapshot
Table 240 ABB: Products/Solutions/Services Offered
Table 241 ABB: Deals
14.1.10 Belden
Table 242 Belden: Company Overview
Figure 47 Belden: Company Snapshot
Table 243 Belden: Products/Solutions/Services Offered
Table 244 Belden: Deals
14.1.11 Siemens
14.1.12 Moxa
14.1.13 Red Lion Controls
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
14.2 Other Players/Startups
14.2.1 Veryx Technologies
14.2.2 Litmus Automation
14.2.3 Celona
14.2.4 GE Digital
14.2.5 Kyland Technology
14.2.6 Graphiant
14.2.7 A5G Networks
15 Adjacent/Related Markets
15.1 Introduction to Adjacent Markets
Table 245 Adjacent Markets and Forecasts
15.2 Limitations
15.3 Software-Defined Wide Area Network (Sd-Wan) Market
15.3.1 Market Definition
Table 246 Sd-Wan Market, by Component, 2016-2021 (USD Million)
Table 247 Sd-Wan Market, by Component, 2022-2027 (USD Million)
Table 248 Sd-Wan Market, by End-user, 2016-2021 (USD Million)
Table 249 Sd-Wan Market, by End-user, 2022-2027 (USD Million)
Table 250 Sd-Wan Market, by Vertical, 2016-2021 (USD Million)
Table 251 Sd-Wan Market, by Vertical, 2022-2027 (USD Million)
Table 252 Sd-Wan Market, by Region, 2016-2021 (USD Million)
Table 253 Sd-Wan Market, by Region, 2022-2027 (USD Million)
15.4 Industrial IoT (IIoT) Market
15.4.1 Market Definition
Table 254 Industrial IoT Market, by Connectivity Technology, 2017-2020 (USD Billion)
Table 255 Industrial IoT Market, by Connectivity Technology, 2021-2026 (USD Billion)
Table 256 Industrial IoT Market, by Region, 2017-2020 (USD Billion)
Table 257 Industrial IoT Market, by Region, 2021-2026 (USD Billion)
16 Appendix
16.1 Discussion Guide
16.2 Knowledgestore: The Subscription Portal
16.3 Customization Options

Companies Mentioned

  • Cisco
  • Juniper Networks
  • Huawei
  • Dell Technologies
  • Rockwell Automation
  • Eaton
  • Nokia
  • Hpe
  • ABB
  • Belden
  • Siemens
  • Moxa
  • Red Lion Controls
  • Veryx Technologies
  • Litmus Automation
  • Celona
  • GE Digital
  • Kyland Technology
  • Graphiant
  • A5G Networks

Table Information

Report AttributeDetails
No. of Pages250
PublishedJanuary 2024
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 29.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 73.3 Billion
Compound Annual Growth Rate20.2%
Regions CoveredGlobal
No. of Companies Mentioned20

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About the Industrial Networking Market

Industrial Networking is a type of networking technology used in industrial settings to connect machines, devices, and systems. It is designed to provide reliable, secure, and high-performance communication for industrial applications. Industrial Networking is used in a variety of industries, including manufacturing, energy, transportation, and healthcare. It enables the integration of different systems, allowing for the exchange of data and information between them. Industrial Networking also provides a platform for the development of new applications and services. Industrial Networking solutions typically include hardware, software, and services. Hardware components include switches, routers, and gateways. Software components include operating systems, protocols, and applications. Services include installation, maintenance, and support. Industrial Networking companies include Cisco, Siemens, Rockwell Automation, Schneider Electric, ABB, and Belden. Show Less Read more

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