Global Industrial Networking Solutions Market Size study, by Component, by Connectivity, by Application, by Industry and Regional Forecasts 2022-2032

Description

Global Industrial Networking Solutions Market is valued at approximately USD 26.57 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 14.21% over the forecast period 2024-2032. Industrial networking solutions refer to the systems and technologies designed to connect, monitor, and manage industrial devices and systems within a manufacturing or production environment. These solutions facilitate real-time data exchange, improve operational efficiency, and enable predictive maintenance through robust and secure communication networks. Applications include automation, remote monitoring, and control of machinery, enhancing productivity and reducing downtime. They are crucial in sectors such as manufacturing, energy, and transportation, ensuring seamless integration of IoT devices and industrial processes.

The Global Industrial Networking Solutions Market is driven by rising demand for security testing suites in industrial networks, the proliferation of cloud computing, and the adoption of industrial automation technologies. In the modern industrial landscape, security testing suites have become indispensable, given the increasing threats posed by cyber-attacks. Businesses are investing significantly in advanced security solutions to safeguard their industrial systems from potential breaches, ensuring the integrity and reliability of their operations. Additionally, the advent of Industry 4.0 initiatives and smart manufacturing has further propelled the demand for comprehensive networking solutions that can support interconnected and automated industrial processes. The integration of IoT and wireless communication technologies has revolutionized industrial automation, enabling real-time data collection and analysis, thus fostering improved decision-making and process optimization. However, reliance on legacy equipment and infrastructure and interoperability issues is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Industrial Networking Solutions Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific region was the dominating among regional market in terms of revenue owing to factors such as robust industrial base, technological advancements, and continuous innovations in industrial automation and IoT. Diverse sectors such as manufacturing, oil & gas, automotive, and aerospace in the region heavily rely on these solutions to enhance operational efficiency and safety. Furthermore, the adoption of Industry 4.0 principles in the Asia Pacific region amplifies the need for interconnected systems, driving market growth as industries embrace digital transformation to stay competitive and meet evolving demands.

Major market players included in this report are:

Advantech Co., Ltd.
Belden Inc.
Cisco Systems, Inc.
Eaton Corporation
Emerson Electric Co.
Honeywell International Inc.
Huawei Technologies Co., Ltd.
Mitsubishi Electric Corporation
Schneider Electric
Siemens AG

The detailed segments and sub-segment of the market are explained below:

By Component:

Hardware
Software
Services

By Connectivity:

Wired
Wireless

By Application:

Industrial Ethernet
Fieldbus Networks
Industrial Wireless
Cloud & Edge Computing

By Industry:

Manufacturing
Automotive
BFSI
Oil & Gas
Utilities
Transportation & Logistics
Water & Wastewater Management
Mining
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Industrial Networking Solutions Market Executive Summary

1.1. Global Industrial Networking Solutions Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Connectivity
- 1.3.3. By Application
- 1.3.4. By Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Industrial Networking Solutions Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Industrial Networking Solutions Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing demand for security testing suites in industrial networks
- 3.1.2. Proliferation of cloud computing
- 3.1.3. Adoption of industrial automation technologies
- 3.1.4. Emergence of Industry 4.0 initiatives and smart manufacturing
3.2. Market Challenges
- 3.2.1. Reliance on legacy equipment and infrastructure
- 3.2.2. Interoperability issues
3.3. Market Opportunities
- 3.3.1. Technological advancements in industrial automation
- 3.3.2. Growth potential in emerging markets
- 3.3.3. Increased investment in IoT and wireless communication technologies

Chapter 4. Global Industrial Networking Solutions Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Networking Solutions Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Industrial Networking Solutions Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Hardware
- 5.2.2. Software
- 5.2.3. Services

Chapter 6. Global Industrial Networking Solutions Market Size & Forecasts by Connectivity 2022-2032

6.1. Segment Dashboard
6.2. Global Industrial Networking Solutions Market: Connectivity Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Wired
- 6.2.2. Wireless

Chapter 7. Global Industrial Networking Solutions Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Industrial Networking Solutions Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Industrial Ethernet
- 7.2.2. Fieldbus Networks
- 7.2.3. Industrial Wireless
- 7.2.4. Cloud & Edge Computing

Chapter 8. Global Industrial Networking Solutions Market Size & Forecasts by Industry 2022-2032

8.1. Segment Dashboard
8.2. Global Industrial Networking Solutions Market: Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Manufacturing
- 8.2.2. Automotive
- 8.2.3. BFSI
- 8.2.4. Oil & Gas
- 8.2.5. Utilities
- 8.2.6. Transportation & Logistics
- 8.2.7. Water & Wastewater Management
- 8.2.8. Mining
- 8.2.9. Others

Chapter 9. Global Industrial Networking Solutions Market Size & Forecasts by Region 2022-2032

9.1. North America Industrial Networking Solutions Market
- 9.1.1. U.S. Industrial Networking Solutions Market
  - 9.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Connectivity breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Application breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Industry breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Industrial Networking Solutions Market
  - 9.1.2.1. Component breakdown size & forecasts, 2022-2032
  - 9.1.2.2. Connectivity breakdown size & forecasts, 2022-2032
  - 9.1.2.3. Application breakdown size & forecasts, 2022-2032
  - 9.1.2.4. Industry breakdown size & forecasts, 2022-2032
9.2. Europe Industrial Networking Solutions Market
- 9.2.1. U.K. Industrial Networking Solutions Market
- 9.2.2. Germany Industrial Networking Solutions Market
- 9.2.3. France Industrial Networking Solutions Market
- 9.2.4. Spain Industrial Networking Solutions Market
- 9.2.5. Italy Industrial Networking Solutions Market
- 9.2.6. Rest of Europe Industrial Networking Solutions Market
9.3. Asia-Pacific Industrial Networking Solutions Market
- 9.3.1. China Industrial Networking Solutions Market
- 9.3.2. India Industrial Networking Solutions Market
- 9.3.3. Japan Industrial Networking Solutions Market
- 9.3.4. Australia Industrial Networking Solutions Market
- 9.3.5. South Korea Industrial Networking Solutions Market
- 9.3.6. Rest of Asia Pacific Industrial Networking Solutions Market
9.4. Latin America Industrial Networking Solutions Market
- 9.4.1. Brazil Industrial Networking Solutions Market
- 9.4.2. Mexico Industrial Networking Solutions Market
- 9.4.3. Rest of Latin America Industrial Networking Solutions Market
9.5. Middle East & Africa Industrial Networking Solutions Market
- 9.5.1. Saudi Arabia Industrial Networking Solutions Market
- 9.5.2. South Africa Industrial Networking Solutions Market
- 9.5.3. Rest of Middle East & Africa Industrial Networking Solutions Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Advantech Co., Ltd.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Belden Inc.
- 10.3.3. Cisco Systems, Inc.
- 10.3.4. Eaton Corporation
- 10.3.5. Emerson Electric Co.
- 10.3.6. Honeywell International Inc.
- 10.3.7. Huawei Technologies Co., Ltd.
- 10.3.8. Mitsubishi Electric Corporation
- 10.3.9. Schneider Electric
- 10.3.10. Siemens AG

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes