Industrial Networking Solutions Market

Industrial Networking Solutions (INS) Market worth $73.3 billion by 2028

According to a research report "Industrial Networking Solutions (INS) Market by Technology (SD-WAN, WLAN, IIoT), by Application (Remote Monitoring, Predictive Maintenance, Emergency & Incident Management, Asset Tracking & Management, Supply Chain Management) - Global Forecast to 2028" published by MarketsandMarkets, 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. The need for improved efficiency and reduced operational costs is driving the adoption of automation in various industries. Industrial networking solutions play a crucial role in connecting and coordinating automated systems and processes.

Browse 257 market data Tables and 47 Figures spread through 247 Pages and in-depth TOC on "by Technology (SD-WAN, WLAN, IIoT), by Application (Remote Monitoring, Predictive Maintenance, Emergency & Incident Management, Asset Tracking & Management, Supply Chain Management) - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-networking-solutions-market-263573485.html

Based on service, the  network planning and optimization segment holds the largest market size during the forecast period

Network planning and optimization helps enhance the performance of network infrastructure for the betterment of network availability and secured data flow. Network planning mainly deals with traffic forecasting and capacity planning to stabilize the network’s performance. It also helps in developing network strategies and action plans to achieve business-specific goals and provide timely inputs during the designing and architecting phase of the network. In an industrial scenario, network planning needs to cater to a vast environment of multiple interconnected facilities. An industrial network plays a pivotal role in automating the system architecture, as it facilitates data exchange, data controllability, and flexibility to connect multiple devices.

Based on technology, the SD-WAN segment is expected to grow with the highest CAGR during the forecast period

SDWAN is a replacement for traditional routers; it provides a dynamic and policy-based application path for business functions. SDWAN uses cloud-based software and technologies to enhance and optimize the delivery of WAN services to the remote offices of an enterprise. Moreover, SDWAN is an emerging technology that revolutionizes networking and makes it faster, more reliable, and more manageable. The technology enables administrators to manage networks more agilely by controlling them with software-defined functions. Moreover, it provides a unified look at the network and offers a managed end-to-end solution that enables the scalability and stability of networks. In addition, SDWAN also provides an efficient and effective solution for designing, deploying, and managing distributed networks in today’s complex and hybrid network environment.

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

The industrial networking solutions market in the Asia Pacific region has undergone significant growth and evolution. The industrial networking solutions market in the Asia Pacific region is dynamically influenced by several key factors fueled by automation, government support, and a thriving manufacturing sector. Technological advancements, including integrating the Industrial Internet of Things (IIoT), edge computing, and wireless communication, have played a pivotal role in enhancing connectivity and real-time monitoring in industrial settings. Government initiatives across the region have further accelerated digital transformation, smart manufacturing, and infrastructure development, contributing to the expansion of the market. Global and regional players offer a diverse range of products and services, addressing the unique needs of various industry verticals such as manufacturing, energy, transportation, and healthcare.

Market Players

The industrial networking solutions market comprises major providers, 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). To increase their market share in the industrial networking solutions industry, these competitors have used a variety of growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

Don’t miss out on business opportunities in Industrial Networking Solutions (INS) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Industrial Networking Solutions (INS) Market Size,  Share & Growth Report
Report Code
TC 6033
PR Published ON
1/22/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Industrial Networking Solutions (INS) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home