Industrial Networking Solutions Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware and Software & Services), Connectivity (Wired and Wireless), Deployment (On-Premises and Cloud), and End-Use Industry (Automotive, BFSI, Manufacturing, Telecommunication, Logistics & Transportation, and Others)
The industrial networking solutions market was valued at US$ 29.45 billion in 2023 and is expected to reach US$ 137.70 billion by 2031; it is estimated to record a CAGR of 21.3% from 2023 to 2031.
Industrial networking solutions refer to the technologies and services that enable reliable and efficient communication and connectivity within industrial processes and operations. These solutions play a crucial role in optimizing industrial processes, improving efficiency, and enabling real-time monitoring and control. The increasing need for predictive maintenance in industrial settings is fueling the demand for industrial networking solutions. These solutions enable real-time monitoring, data collection, and analysis, allowing for proactive maintenance and minimizing downtime. The growth in demand for Software-Defined Wide Area Network (SDWAN) solutions is driving the industrial networking solutions market. SDWAN provides secure and efficient connectivity across geographically dispersed industrial networks, enhancing performance and reliability. The trend of Bring Your Own Device (BYOD) in industrial workplaces is creating opportunities for the industrial networking solutions market. BYOD allows employees to use their devices, such as laptops, tablets, and smartphones, for work purposes, necessitating robust networking solutions to ensure secure and seamless connectivity.
Saudi Arabia is a significant player in the MEA industrial networking solutions market. The country is witnessing rapid growth in the industrial Internet of Things (IoT) sector, with the development of cloud-based solutions and services aimed at improving security and operational intelligence for various sectors, including governments, enterprises, transport, and communities. The COVID-19 pandemic has forced manufacturing industries in the MEA region to re-evaluate their traditional production processes and adopt smart manufacturing practices. This shift has had a positive impact on the demand for factory automation and industrial control systems, with Saudi Arabia expected to be one of the leading regions in the MEA market due to increasing government investments in new technologies. The MEA region is witnessing an increasing demand for industrial networking solutions, driven by factors such as the need for real-time data solutions and services, the rise of Industry 4.0 initiatives, and the adoption of IoT technologies in various industries. Network solution vendors in the Middle East are providing customized network solutions to industries such as finance, energy, government, education, and healthcare. These solutions aim to improve business efficiency, reduce operating costs, and enhance competitiveness.
Industrial networking solutions refer to the technologies and services that enable reliable and efficient communication and connectivity within industrial processes and operations. These solutions play a crucial role in optimizing industrial processes, improving efficiency, and enabling real-time monitoring and control. The increasing need for predictive maintenance in industrial settings is fueling the demand for industrial networking solutions. These solutions enable real-time monitoring, data collection, and analysis, allowing for proactive maintenance and minimizing downtime. The growth in demand for Software-Defined Wide Area Network (SDWAN) solutions is driving the industrial networking solutions market. SDWAN provides secure and efficient connectivity across geographically dispersed industrial networks, enhancing performance and reliability. The trend of Bring Your Own Device (BYOD) in industrial workplaces is creating opportunities for the industrial networking solutions market. BYOD allows employees to use their devices, such as laptops, tablets, and smartphones, for work purposes, necessitating robust networking solutions to ensure secure and seamless connectivity.
Saudi Arabia is a significant player in the MEA industrial networking solutions market. The country is witnessing rapid growth in the industrial Internet of Things (IoT) sector, with the development of cloud-based solutions and services aimed at improving security and operational intelligence for various sectors, including governments, enterprises, transport, and communities. The COVID-19 pandemic has forced manufacturing industries in the MEA region to re-evaluate their traditional production processes and adopt smart manufacturing practices. This shift has had a positive impact on the demand for factory automation and industrial control systems, with Saudi Arabia expected to be one of the leading regions in the MEA market due to increasing government investments in new technologies. The MEA region is witnessing an increasing demand for industrial networking solutions, driven by factors such as the need for real-time data solutions and services, the rise of Industry 4.0 initiatives, and the adoption of IoT technologies in various industries. Network solution vendors in the Middle East are providing customized network solutions to industries such as finance, energy, government, education, and healthcare. These solutions aim to improve business efficiency, reduce operating costs, and enhance competitiveness.
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. INDUSTRIAL NETWORKING SOLUTIONS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. INDUSTRIAL NETWORKING SOLUTIONS MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. INDUSTRIAL NETWORKING SOLUTIONS MARKET - GLOBAL MARKET ANALYSIS
6.1 Industrial Networking Solutions - Global Market Overview
6.2 Industrial Networking Solutions - Global Market and Forecast to 2031
7. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY COMPONENT, 2021-2031
7.1 Overview
7.2 Hardware
7.3 Software and Services
8. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY DEPLOYMENT, 2021-2031
8.1 Overview
8.2 On-premises
8.3 Cloud
9. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY CONNECTIVITY, 2021-2031
9.1 Overview
9.2 Wired
9.3 Wireless
10. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY END-USE INDUSTRY, 2021-2031
10.1 Overview
10.2 Automotive
10.3 BFSI
10.4 Manufacturing
10.5 Telecommunication
10.6 Logistics and Transportation
10.7 Others
11. INDUSTRIAL NETWORKING SOLUTIONS MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
11.1 North America
11.1.1 North America Industrial Networking Solutions Market Overview
11.1.2 North America Industrial Networking Solutions Market Revenue and Forecasts to 2031
11.1.3 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Component
11.1.4 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Deployment
11.1.5 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Connectivity
11.1.6 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By End-use Industry
11.1.7 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 United States Industrial Networking Solutions Market
11.1.7.1.1 United States Industrial Networking Solutions Market, by Component
11.1.7.1.2 United States Industrial Networking Solutions Market, by Deployment
11.1.7.1.3 United States Industrial Networking Solutions Market, by Connectivity
11.1.7.1.4 United States Industrial Networking Solutions Market, by End-use Industry
11.1.7.2 Canada Industrial Networking Solutions Market
11.1.7.2.1 Canada Industrial Networking Solutions Market, by Component
11.1.7.2.2 Canada Industrial Networking Solutions Market, by Deployment
11.1.7.2.3 Canada Industrial Networking Solutions Market, by Connectivity
11.1.7.2.4 Canada Industrial Networking Solutions Market, by End-use Industry
11.1.7.3 Mexico Industrial Networking Solutions Market
11.1.7.3.1 Mexico Industrial Networking Solutions Market, by Component
11.1.7.3.2 Mexico Industrial Networking Solutions Market, by Deployment
11.1.7.3.3 Mexico Industrial Networking Solutions Market, by Connectivity
11.1.7.3.4 Mexico Industrial Networking Solutions Market, by End-use Industry
Note - Similar analysis would be provided for below mentioned regions/countries
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 United Kingdom
11.2.5 Russia
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
11.4.1 South Africa
11.4.2 Saudi Arabia
11.4.3 U.A.E
11.4.4 Rest of Middle East and Africa
11.5 South and Central America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South and Central America
12. INDUSTRY LANDSCAPE
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. COMPETITIVE LANDSCAPE
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. INDUSTRIAL NETWORKING SOLUTIONS MARKET - KEY COMPANY PROFILES
14.1 ABB
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies.
14.2 Belden Inc.
14.3 Cisco Systems, Inc.
14.4 Hewlett Packard Enterprise Development LP
14.5 Huawei Technologies Co., Ltd.
14.6 Moxa Inc.
14.7 Nokia
14.8 Rockwell Automation, Inc.
14.9 Semtech
14.10 Siemens
15. APPENDIX
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. INDUSTRIAL NETWORKING SOLUTIONS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. INDUSTRIAL NETWORKING SOLUTIONS MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. INDUSTRIAL NETWORKING SOLUTIONS MARKET - GLOBAL MARKET ANALYSIS
6.1 Industrial Networking Solutions - Global Market Overview
6.2 Industrial Networking Solutions - Global Market and Forecast to 2031
7. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY COMPONENT, 2021-2031
7.1 Overview
7.2 Hardware
7.3 Software and Services
8. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY DEPLOYMENT, 2021-2031
8.1 Overview
8.2 On-premises
8.3 Cloud
9. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY CONNECTIVITY, 2021-2031
9.1 Overview
9.2 Wired
9.3 Wireless
10. INDUSTRIAL NETWORKING SOLUTIONS MARKET – REVENUE ANALYSIS (USD MILLION) – BY END-USE INDUSTRY, 2021-2031
10.1 Overview
10.2 Automotive
10.3 BFSI
10.4 Manufacturing
10.5 Telecommunication
10.6 Logistics and Transportation
10.7 Others
11. INDUSTRIAL NETWORKING SOLUTIONS MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
11.1 North America
11.1.1 North America Industrial Networking Solutions Market Overview
11.1.2 North America Industrial Networking Solutions Market Revenue and Forecasts to 2031
11.1.3 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Component
11.1.4 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Deployment
11.1.5 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Connectivity
11.1.6 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By End-use Industry
11.1.7 North America Industrial Networking Solutions Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 United States Industrial Networking Solutions Market
11.1.7.1.1 United States Industrial Networking Solutions Market, by Component
11.1.7.1.2 United States Industrial Networking Solutions Market, by Deployment
11.1.7.1.3 United States Industrial Networking Solutions Market, by Connectivity
11.1.7.1.4 United States Industrial Networking Solutions Market, by End-use Industry
11.1.7.2 Canada Industrial Networking Solutions Market
11.1.7.2.1 Canada Industrial Networking Solutions Market, by Component
11.1.7.2.2 Canada Industrial Networking Solutions Market, by Deployment
11.1.7.2.3 Canada Industrial Networking Solutions Market, by Connectivity
11.1.7.2.4 Canada Industrial Networking Solutions Market, by End-use Industry
11.1.7.3 Mexico Industrial Networking Solutions Market
11.1.7.3.1 Mexico Industrial Networking Solutions Market, by Component
11.1.7.3.2 Mexico Industrial Networking Solutions Market, by Deployment
11.1.7.3.3 Mexico Industrial Networking Solutions Market, by Connectivity
11.1.7.3.4 Mexico Industrial Networking Solutions Market, by End-use Industry
Note - Similar analysis would be provided for below mentioned regions/countries
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 United Kingdom
11.2.5 Russia
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
11.4.1 South Africa
11.4.2 Saudi Arabia
11.4.3 U.A.E
11.4.4 Rest of Middle East and Africa
11.5 South and Central America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South and Central America
12. INDUSTRY LANDSCAPE
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. COMPETITIVE LANDSCAPE
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. INDUSTRIAL NETWORKING SOLUTIONS MARKET - KEY COMPANY PROFILES
14.1 ABB
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies.
14.2 Belden Inc.
14.3 Cisco Systems, Inc.
14.4 Hewlett Packard Enterprise Development LP
14.5 Huawei Technologies Co., Ltd.
14.6 Moxa Inc.
14.7 Nokia
14.8 Rockwell Automation, Inc.
14.9 Semtech
14.10 Siemens
15. APPENDIX
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
