Industrial Networking Solutions Market by Component, Networking Type, Application, Deployment, Industry Size, Vertical

Description

List of Tables

The Industrial Networking Solutions Market was valued at USD 29.42 billion in 2023, expected to reach USD 34.27 billion in 2024, and is projected to grow at a CAGR of 16.57%, to USD 86.07 billion by 2030.

Industrial Networking Solutions encompass the technologies and systems used to facilitate robust communication and data exchange in industrial settings, such as manufacturing plants, energy sectors, and transportation networks. These solutions are essential for enabling automation, smart manufacturing, and remote monitoring, leading to improved efficiency, reduced downtime, and enhanced safety. The application of these solutions spans across sectors like automotive, oil & gas, utilities, and food & beverage, where seamless and secure data transmission is paramount. The market is experiencing steady growth driven by increasing adoption of IoT and AI technologies, rising demand for big data analytics, and the necessity for enhanced industrial cybersecurity. Developments in 5G technology also provide potential opportunities by offering faster and more reliable network capabilities. However, the market faces challenges such as interoperability issues among various protocols, high initial investment costs, and the complexity of integrating new systems with legacy equipment. Navigating these challenges requires ongoing innovation, particularly in areas like edge computing, industrial wireless solutions, and cybersecurity measures optimized for industrial environments. This market offers significant opportunities in the drive toward Industry 4.0, with potential advancements in predictive maintenance and real-time decision-making. Key recommendations include investing in research to improve system integration capabilities and enhancing solutions to address specific industry needs such as real-time data processing and network scalability. Prominent players are also exploring collaborative approaches for standards development to address compatibility hurdles. As demand for sustainable and efficient industrial operations increases, businesses should focus on developing environmentally friendly and energy-efficient networking solutions. By harnessing these innovations, companies can not only contribute to the evolution of industrial processes but also capture a significant share of the expanding market. Thus, positioning within this evolving landscape requires keen attention to technological advancements, market trends, and strategic partnerships.

KEY MARKET STATISTICS
Base Year [2023]	USD 29.42 billion
Estimated Year [2024]	USD 34.27 billion
Forecast Year [2030]	USD 86.07 billion
CAGR (%)	16.57%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Industrial Networking Solutions Market

The Industrial Networking Solutions Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising need for advanced industrial networking solutions
- Proliferation of wireless networks across the industry operations
- Growing demand for software-defined wide area network
Market Restraints
- Concerns identified with information security and protection
Market Opportunities
- Growing technological advancements in industrial networking solutions
- Surge in the growth of operational technology and industrial IoT network
Market Challenges
- Complexities in integrating systems into smart infrastructure

Porter's Five Forces: A Strategic Tool for Navigating the Industrial Networking Solutions Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Industrial Networking Solutions Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Industrial Networking Solutions Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Industrial Networking Solutions Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Industrial Networking Solutions Market

A detailed market share analysis in the Industrial Networking Solutions Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Industrial Networking Solutions Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Industrial Networking Solutions Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Industrial Networking Solutions Market

A strategic analysis of the Industrial Networking Solutions Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Industrial Networking Solutions Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, ALE USA Inc., Antaira Technologies LLC, Aruba Networks, Inc. by Hewlett Packard Enterprise Development LP, Belden Inc., Celona Inc., Cisco Systems Inc., CSG Networks Pvt. Ltd., Cyber Security Intelligence, Dell Inc., Eaton Corporation, General Electric Company, Graphiant, Huawei Technologies Co. Ltd., Juniper Networks, Inc., Litmus Automation Inc., Moxa Inc., Nokia Corporation, Patton LLC, Red Lion Controls, Rockwell Automation, Inc., Siemens AG, Sierra Wireless Inc. by Semtech Corporation, SolutionsPT Ltd., and Veryx Technologies Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Industrial Networking Solutions Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Component, market is studied across Services and Technologies. The Services is further studied across Network Auditing & Testing, Network Consulting, Network Integration, Network Orchestration, Network Planning & Optimization, Network Provisioning, Network Security, Support & Maintenance, and Training & Education. The Technologies is further studied across Industrial Internet of Things, Software-Defined Wide Area Network, and Wireless Local Area Network.
Based on Networking Type, market is studied across Wireless Networking and Wireline Networking.
Based on Application, market is studied across Asset Tracking & Management, Emergency & Incident Management, Predictive Maintenance, Real-Time Streaming & Video, Remote Monitoring, and Supply Chain Management.
Based on Deployment, market is studied across On-Cloud and On-Premises.
Based on Industry Size, market is studied across Large-Scale Industries and Small & Medium-Scale Industries.
Based on Vertical, market is studied across Discrete Industry and Process Industry. The Discrete Industry is further studied across Automotive, Logistics & Transportation, Machine Manufacturing, Medical Devices, and Semiconductor & Electronics. The Process Industry is further studied across Chemicals & Materials, Energy & Utilities, Food & Beverage, and Water & Waste Management.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-2D6E676CAB86

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising need for advanced industrial networking solutions
  - 5.1.1.2. Proliferation of wireless networks across the industry operations
  - 5.1.1.3. Growing demand for software-defined wide area network
- 5.1.2. Restraints
  - 5.1.2.1. Concerns identified with information security and protection
- 5.1.3. Opportunities
  - 5.1.3.1. Growing technological advancements in industrial networking solutions
  - 5.1.3.2. Surge in the growth of operational technology and industrial IoT network
- 5.1.4. Challenges
  - 5.1.4.1. Complexities in integrating systems into smart infrastructure
5.2. Market Segmentation Analysis
- 5.2.1. Component: Increasing significance of technologies in industrial networking solutions to create robust networks
- 5.2.2. Networking Type: Expanding demand for wireless networking as it supports mobility and can be adjusted with minimal disruption
- 5.2.3. Deployment: Growing preference for on-cloud deployment due to its cost-effectiveness and ease of deployment
- 5.2.4. Vertical: Increasing potential of industrial networking solutions across the discrete industry that supports production processes and complex supply chains
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Industrial Networking Solutions Market, by Component

6.1. Introduction
6.2. Services
- 6.2.1. Network Auditing & Testing
- 6.2.2. Network Consulting
- 6.2.3. Network Integration
- 6.2.4. Network Orchestration
- 6.2.5. Network Planning & Optimization
- 6.2.6. Network Provisioning
- 6.2.7. Network Security
- 6.2.8. Support & Maintenance
- 6.2.9. Training & Education
6.3. Technologies
- 6.3.1. Industrial Internet of Things
- 6.3.2. Software-Defined Wide Area Network
- 6.3.3. Wireless Local Area Network

7. Industrial Networking Solutions Market, by Networking Type

7.1. Introduction
7.2. Wireless Networking
7.3. Wireline Networking

8. Industrial Networking Solutions Market, by Application

8.1. Introduction
8.2. Asset Tracking & Management
8.3. Emergency & Incident Management
8.4. Predictive Maintenance
8.5. Real-Time Streaming & Video
8.6. Remote Monitoring
8.7. Supply Chain Management

9. Industrial Networking Solutions Market, by Deployment

9.1. Introduction
9.2. On-Cloud
9.3. On-Premises

10. Industrial Networking Solutions Market, by Industry Size

10.1. Introduction
10.2. Large-Scale Industries
10.3. Small & Medium-Scale Industries

11. Industrial Networking Solutions Market, by Vertical

11.1. Introduction
11.2. Discrete Industry
- 11.2.1. Automotive
- 11.2.2. Logistics & Transportation
- 11.2.3. Machine Manufacturing
- 11.2.4. Medical Devices
- 11.2.5. Semiconductor & Electronics
11.3. Process Industry
- 11.3.1. Chemicals & Materials
- 11.3.2. Energy & Utilities
- 11.3.3. Food & Beverage
- 11.3.4. Water & Waste Management

12. Americas Industrial Networking Solutions Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Industrial Networking Solutions Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Industrial Networking Solutions Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. R&M Expands Industrial Networking Application Portfolio
- 15.3.2. READY Robotics and the Industrial Solutions Network of CED Partner to Empower Industrial Customers with ForgeOS
- 15.3.3. CIVC Partners Announces Investment In Industrial Networking Solutions
15.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Limited
2. ALE USA Inc.
3. Antaira Technologies LLC
4. Aruba Networks, Inc. by Hewlett Packard Enterprise Development LP
5. Belden Inc.
6. Celona Inc.
7. Cisco Systems Inc.
8. CSG Networks Pvt. Ltd.
9. Cyber Security Intelligence
10. Dell Inc.
11. Eaton Corporation
12. General Electric Company
13. Graphiant
14. Huawei Technologies Co. Ltd.
15. Juniper Networks, Inc.
16. Litmus Automation Inc.
17. Moxa Inc.
18. Nokia Corporation
19. Patton LLC
20. Red Lion Controls
21. Rockwell Automation, Inc.
22. Siemens AG
23. Sierra Wireless Inc. by Semtech Corporation
24. SolutionsPT Ltd.
25. Veryx Technologies Pvt. Ltd.