Industrial Networking Solutions Market by Component (Services, Technologies), Networking Type (Wireless Networking, Wireline Networking), Application, Deployment, Industry Size, Vertical - Global Forecast 2024-2030

Industrial Networking Solutions Market by Component (Services, Technologies), Networking Type (Wireless Networking, Wireline Networking), Application, Deployment, Industry Size, Vertical - Global Forecast 2024-2030

The Industrial Networking Solutions Market size was estimated at USD 29.42 billion in 2023 and expected to reach USD 34.27 billion in 2024, at a CAGR 16.57% to reach USD 86.07 billion by 2030.

Industrial networking solutions are the comprehensive set of technologies, protocols, and practices implemented to ensure robust, secure, and reliable communication among various devices and systems within industrial environments. Industrial networking solutions connect a myriad of devices, such as sensors, actuators, control systems, and human-machine interfaces (HMIs), thereby creating a cohesive ecosystem that can exchange data and make coordinated decisions. The increased industrial activity and stringent industry regulations requiring robust network systems to ensure safety and data integrity promote the deployment of industrial networking solutions. In addition, the transition towards smart manufacturing is a chief driver for adopting advanced networking solutions. However, vulnerability to cyber-attacks and a shortage of skilled experts who can design, implement, and maintain sophisticated networking solutions limit the usage of industrial networking solutions. Moreover, the cost associated with deploying advanced industrial networking solutions may hinder the penetration of solutions among small and medium-scale industries. Nevertheless, the integration of 5G technology for enhanced bandwidth and lower latency and the increasing applicability of industrial networking solutions across process industries are expected to create opportunities for the market in the coming years.

Regional Insights

The Americas region represents a robust market for industrial networking solutions due to advanced manufacturing sectors and the early adoption of IoT technologies. End-user needs in this region are primarily driven by a quest for efficiency gains, data analytics, and automation in various industries, including automotive, aerospace, and energy. A significant push for smart manufacturing in the Americas has increased demand for industrial Ethernet, wireless communication, and cyber-secure networking. In the European Union, stringent regulations, sustainability goals, and the Industry 4.0 movement highly influence customer purchasing behavior for industrial networking solutions. The EU's focus on energy-efficient and eco-friendly manufacturing processes has driven the need for greener and more energy-effective networking solutions. In the Middle East, smart city initiatives, such as Saudi Arabia's Vision 2030, drive the market towards innovative networking solutions that support extensive automation and data exchange. The Asia Pacific region observes a rapidly growing market for industrial networking solutions, propelled by massive industrialization and manufacturing capabilities. The supportive government initiatives and investments for automation and smart manufacturing in the emerging economies of Asia-Pacific are expanding the scope for industrial networking solutions. The significant investment, particularly in areas such as 5G technology for industrial automation, AI and machine learning-based monitoring systems, and energy-efficient networking components, is positively contributing to the growth of the industrial networking solutions market in the Asia-Pacific.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial Networking Solutions Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

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

Market Segmentation Analysis

Component: Increasing significance of technologies in industrial networking solutions to create robust networks
Networking Type: Expanding demand for wireless networking as it supports mobility and can be adjusted with minimal disruption
Deployment: Growing preference for on-cloud deployment due to its cost-effectiveness and ease of deployment
Vertical: Increasing potential of industrial networking solutions across the discrete industry that supports production processes and complex supply chains

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Networking Solutions Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Networking Solutions Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

R&M Expands Industrial Networking Application Portfolio

R&M, the Swiss developer of high-end data and communication network infrastructures, broadened its product offerings to encompass comprehensive LAN solutions for challenging industrial environments. With a newly unveiled portfolio that includes robust copper and fiber-optic components, R&M is poised to enhance data communication across various sectors.

READY Robotics and the Industrial Solutions Network of CED Partner to Empower Industrial Customers with ForgeOS

READY Robotics announced an instrumental partnership with CED's Industrial Solutions Network to distribute its innovative software platform, ForgeOS, which is widely recognized for its unique capability to integrate and simplify automation tasks. This collaboration promises to bring ease of use and efficiency to ISN's customer base by providing an intuitive app-based interface that controls a slew of equipment, from robots to conveyor systems, using prevalent industrial protocols.

CIVC Partners Announces Investment In Industrial Networking Solutions

CIVC Partners, LP, a Chicago-based private equity firm focusing on business services, announced its investment in Industrial Networking Solutions (INS), enhancing its stature in the IoT realm. The investment aims to propel INS's growth trajectory, leveraging its robust engineering expertise and expansive product portfolio, which have been instrumental in addressing the complex networking needs of modern industrial enterprises.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Networking Solutions Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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:

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

Please Note: PDF & Excel + Online Access - 1 Year