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
Industrial Networking Solutions (INS) Market Share, Forecast - Growth 2028
[247 Pages Report] The global Industrial Networking Solutions Market size was surpassed $29.2 billion in 2023 and is anticipated to reach over $73.3 billion by the end of 2028, projecting a effective CAGR of 20.2% during the forecast period (2023-2028). The base year for estimation is 2022 and the market size available for the years 2018 to 2028.
Industrial networking solutions (INS) enable the collection and analysis of real-time data from sensors embedded in machinery. This data can be used to predict equipment failures before they occur, allowing for preventive maintenance and avoiding costly downtime. Edge computing brings data processing closer to the source, reducing latency and improving responsiveness in industrial applications. Industrial networking solutions play a crucial role in enabling edge computing deployments.
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Industrial Networking Solutions (INS) Market Growth Dynamics
Driver: Increasing adoption of Industry 4.0
The widespread adoption of Industry 4.0 principles has become a pivotal driving force behind the burgeoning demand for industrial networking solutions. At the heart of this transformative paradigm shift is the seamless integration of cyber-physical systems (CPS), where physical machinery collaborates with digital systems in real time. This integration necessitates a robust industrial networking infrastructure to facilitate communication and coordination among machines, sensors, and control systems within smart factories. Industry 4.0's emphasis on data-driven decision-making and automation relies on the continuous exchange of information, a role fulfilled by industrial networking. The interconnectedness of devices is crucial for implementing advanced analytics, predictive maintenance, and other optimization strategies. Furthermore, Industry 4.0 champions interoperability and industrial networking standards such as OPC UA and MQTT play a vital role in achieving seamless communication. As manufacturing becomes more dynamic and flexible, industrial networking enables adaptive manufacturing processes that respond quickly to changing conditions. The integration of supply chain processes, the focus on security, and the facilitation of human-machine collaboration are additional dimensions to which industrial networking contributes significantly. In essence, the adoption of Industry 4.0 principles propels the evolution of industrial networking, serving as the backbone for the realization of smart, interconnected, and data-driven manufacturing ecosystems, and fostering continuous innovation and operational excellence.
Restraint: Cost constraint
The initial investment in software, including ruggedized equipment tailored for harsh industrial environments, and specialized software for communication and security, contributes substantially to the overall costs. Integrating existing legacy systems with modern networking solutions requires additional expenditures on adapters, gateways, and personnel training. Ongoing maintenance, encompassing equipment upkeep, firmware updates, and cybersecurity measures, adds to the financial burden. As industrial operations expand, scalability demands further investment in hardware upgrades and network expansion. Operational downtime, resulting from disruptions in networking, incurs not only production losses but also additional expenses for issue resolution. Regulatory compliance introduces costs related to assessments, certifications, and documentation. The uncertainties surrounding return on investment may instill hesitation in adopting advanced networking technologies.
Opportunity: Growing integration of IIoT
The integration of the Industrial Internet of Things (IIoT) stands as a pivotal opportunity for industrial networking solutions. In the dynamic landscape of industrial processes, the deployment of connected devices and sensors has become widespread, generating vast datasets that necessitate seamless integration into existing networks. Industrial networking solutions play a crucial role in facilitating real-time data aggregation, analysis, and communication, enabling industries to monitor and control processes with unprecedented efficiency. This integration not only supports predictive maintenance strategies, reducing downtime and costs but also enhances automation through the interconnectedness of programmable logic controllers and robotic systems.
Challenge: Scalability
Scalability proves to be a formidable challenge for industrial networking solutions, encompassing hardware, software, and overall infrastructure considerations. In the realm of hardware, limitations in device capacity, processing power, and memory pose hurdles as industrial environments witness a surge in connected devices and systems. The costs associated with upgrading to ruggedized equipment that withstands harsh conditions further compound scalability challenges. Interoperability issues arise from the diverse communication protocols and standards existing within industrial settings, necessitating careful planning and sometimes the development of intermediary devices. Data bandwidth and latency concerns emerge with the increasing demand for network resources, impacting performance and real-time control systems. Managing the complexity of software systems, ensuring robust security infrastructure at scale, and addressing budget constraints all contribute to the intricate landscape of scalability challenges in industrial networking.
Industrial networking solutions market Ecosystem
Prominent companies in this market include a well-established, financially stable provider of the industrial networking solutions market. These companies have innovated their offerings and possess a diversified product portfolio, state-of-the-art technologies, and marketing networks. Prominent companies in this market include Cisco (US), Juniper Networks (US), Huawei (China), Dell Technologies (US), Rockwell Automation (US), Eaton (Ireland), Nokia (Finland), HPE (US), ABB (Switzerland), Belden (US).
Based on the process industry, the chemicals and materials segment is expected to grow with the highest CAGR during the forecast period
The rising adoption of emerging industrial networking technologies, such as IIoT, SDWAN, and WLAN, has helped the chemicals and materials vertical streamline its manufacturing processes and business operations. For instance, IoT-enabled equipment monitoring solutions and predictive analytics are helping this vertical monitor its quality and throughput continuously. In addition, IoT-enabled platforms are accelerating the recent advances in mobile, cloud, and big data solutions in chemicals and materials manufacturing firms to deploy such innovative technologies and gain the first-mover advantage in the market. Furthermore, energy consumption is one of the crucial elements of the chemical industry, which is being monitored with the help of interconnected sensors that eventually help reduce energy consumption and control costs.
By discrete industry, the machine manufacturing segment holds the largest market size during the forecast period
The networked supply chain, distribution system, and customer channels have led the machine manufacturing vertical to expand as a global business. This vertical is moving rapidly toward the automation of systems with minimal human intervention to increase the productivity and efficiency of manufacturing machines. Implementation of industrial networking solutions in the manufacturing industries enhances real-time remote management, thereby saving future maintenance labor costs and decreasing production costs and time. Production downtime is a major concern among the manufacturing industries, as this can lead to a variety of unpredicted and defective goods. In such scenarios, industrial networking solutions enable manufacturing systems to perform well even in harsh environments and offer uninterrupted data transmission between equipment and networks. Furthermore, data being a prominent part is required to ensure the smooth functioning of machinery and production lines. Industrial networking solutions assist in controlling the data flow and integrating the factory floor industrial networks and process plant floor networks with company-wide network systems.
Based on region, North America holds the largest market size during the forecast period
The industrial networking solutions market in North America has been experiencing significant growth and development. The industrial networking solutions market in North America has been dynamic, driven by several key trends and technological advancements. The growth is fueled by the widespread adoption of Industry 4.0 practices and the increasing integration of the Industrial Internet of Things (IIoT). The ongoing transformation towards Industry 4.0 has driven the demand for advanced networking solutions to enable seamless communication and data exchange across industrial processes. Industries are increasingly deploying smart sensors and connected devices to enhance operational efficiency and decision-making through real-time data analysis. Also, major industrial networking solution vendors, such as Cisco, Juniper Networks, HPE, Rockwell Automation, and Dell Technologies have a strong presence in this region.
Industrial Networking Solutions Industry Players:
The major players in the Industrial networking solutions market are Cisco (US), Juniper Networks (US), Huawei (China), Dell Technologies (US), and Rockwell Automation (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, product enhancements, and acquisitions to expand their footprint in the industrial networking solutions market.
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Report Metrics |
Details |
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Market size available for years |
2018-2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD) Million/Billion |
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Segments Covered |
Offering (Technologies, Services), Technology (SD-WAN, WLAN, IIoT), Service (Network Planning & Optimization, Network Integration, Network Orchestration, Training & Education, Network Consulting, Network Provisioning, Network Security, Network Auditing & Testing, Support & Maintenance), Application (Remote Monitoring, Asset Tracking & Management, Supply Chain Management, Real-Time Streaming & Video, Emergency & Incident Management, Predictive Maintenance), Vertical (Process Industry (Energy & Utilities, Chemicals & Materials, Food & Beverage, Water & Waste Management, Other Process Industries) Discrete Industry (Automotive, Machine Manufacturing, Semiconductors & Electronics, Medical Devices, Logistics & Transportation)), Networking Type (Wireless Networking, Wireline Networking) and Region |
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Region covered |
North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
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Companies covered |
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) |
This research report categorizes the Industrial Networking Solutions Market based on offering, technology, service, application, vertical, networking type, and region.
Industrial Networking Solutions Market Based on Offering:
- Technologies
- Services
Industrial Networking Solutions Industry Based on Technology:
- SD-WAN
- WLAN
- IIoT
Industrial Networking Solutions Market Based on Service:
- Network Planning & Optimization
- Network Integration
- Network Orchestration
- Training & Education
- Network Consulting
- Network Provisioning
- Network Security
- Network Auditing & Testing
- Support & Maintenance
Industrial Networking Solutions Industry Based on Application:
- Service providers
- Enterprises
Industrial Networking Solutions Market Based on Enterprise:
- Remote Monitoring
- Asset Tracking & Management
- Supply Chain Management
- Real-Time Streaming & Video
- Emergency & Incident Management
- Predictive Maintenance
Industrial Networking Solutions Industry Based on Vertical:
- Process Industry
- Energy & Utilities
- Chemicals & Materials
- Food & Beverage
- Water & Waste Management
- Other Process Industries
- Discrete Industry
- Automotive
- Machine Manufacturing
- Semiconductors & Electronics
- Medical Devices
- Logistics & Transportation
Industrial Networking Solutions Market Based on Networking Type:
- Wireless Networking
- Wireline Networking
Industrial Networking Solutions Industry Based on the region:
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North America
- US
- Canada
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Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
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Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
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Middle East & Africa
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GCC Countries
- UAE
- KSA
- Rest of GCC Countries
- South Africa
- Rest of Middle East & Africa
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GCC Countries
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Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments in Industrial Networking Solutions Market
- In December 2023, Nokia partnered with Innova Solutions, to deliver programmable network applications for enterprises using Nokia Network as a Code platform. The agreement will accelerate the digital transformation of enterprises in industries such as banking/financial services, transportation and logistics, technology, life sciences, retail, and industrial sectors.
- In November 2023, Huawei launched its All-Scenario WLAN Solution, which continuously promotes the application of the Wi-Fi 7 standard technology in the enterprise market and continuously upgrades the network experience of customers in the education, healthcare, retail, and manufacturing industries.
- In May 2023, Juniper Networks partnered with ServiceNow, to deliver end-to-end automation for enterprise network service provisioning & monitoring.
- In February 2023, Cisco collaborated NTT, to to drive Private 5G adoption across the automotive, logistics, healthcare, retail, and public sectors to accelerate industry transformation.
- In December 2022, Rockwell Automation partnered with Fortinet, to secure operational technology environments and provide powerful cybersecurity protection to global customers through the convergence of advanced networking and security capabilities.
Frequently Asked Questions (FAQ):
What is Industrial Networking Solutions (INS)?
An industrial network is a system of interconnected objects, which is used to monitor and control physical equipment in industrial environments. These networks are different from traditional enterprise networks in terms of specific operational requirements. The industrial network offers a wide range of benefits, including cost reduction and low commissioning time, which help manufacturers maintain and configure factory floors.
What is the Industrial Networking Solutions Market Size?
The global Industrial Networking Solutions Market size is was worth approximately $29.2 billion in 2023 and is poised to reach over $73.3 billion by the end of 2028, at a CAGR of 20.2% during the forecast period.
What are the major drivers in the industrial networking solutions market growth?
The major drivers of the industrial networking solutions market are the growing need for predictive maintenance, the increase in demand for SD-WAN solutions, the proliferation of wireless technologies in industry operations, the advent of data analytics and data processing, and the increasing adoption of Industry 4.0.
Who are the key players operating in the industrial networking solutions market?
The major players in the industrial networking solutions market are 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).
What are the opportunities for new market entrants in the industrial networking solutions market?
The major opportunities in the industrial networking solutions market are the growing integration of IIoT and the convergence of OT and IT. .
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The study involved four major activities in estimating the current size of the global industrial networking solutions market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total industrial networking solutions market size. After that, the market breakup and data triangulation techniques were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as Bloomberg and BusinessWeek, have been referred to identify and collect information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers; and journals, such as Linux Journal and Container Journal, and articles from recognized authors, directories, and databases.
Primary Research
Various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the industrial networking solutions market along with the associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Following is the breakup of primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
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Company Name |
Designation |
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Belden |
Senior Manager |
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Veryx Technologies |
VP |
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Eaton |
Business Executive |
Market Size Estimation
The top-down and bottom-up approaches were used to make market estimates and forecast the industrial networking solutions market and other dependent submarkets. The bottom-up procedure was used to arrive at the overall market size of the global industrial networking solutions market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:
- The key players in the Industrial networking solutions market have been identified through extensive secondary research.
- The market size, in terms of value, has been determined through primary and secondary research processes.
- All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.
Industrial networking solutions market Size: Bottom-Up Approach
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Industrial networking solutions market Size: Top-Down Approach
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Market Definition
An industrial network is a system of interconnected objects used to monitor and control physical equipment in industrial environments. These networks are different from traditional enterprise networks regarding specific operational requirements. The industrial network offers many benefits, including cost reduction and low commissioning time, which help manufacturers maintain and configure factory floors.
Key Stakeholders
- INS service providers
- Network solution providers
- Network operators
- Research organizations, universities, and consulting companies
- Cellular technology-related associations, organizations, forums, and alliances
- Network testing service providers
- MSPs
- Application design and software developers
- Consultancy firms and advisory firms
- Technology consultants
- Governments
- Technology vendors
Report Objectives
- To determine, segment, and forecast the global industrial networking solutions market based on offering, technology, service, application, vertical, networking type, and region in terms of value.
- To forecast the size of the market segments to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
- To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the market.
- To study the complete value chain and related industry segments and perform a value chain analysis of the market landscape.
- To strategically analyze the macro and micro markets to individual growth trends, prospects, and contributions to the total market.
- To analyze the industry trends, patents, and innovations related to the market.
- To analyze the opportunities for stakeholders by identifying the high-growth segments of the industrial networking solutions market.
- To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies.
- To track and analyze competitive developments, such as mergers & acquisitions, product launches & developments, partnerships, agreements, collaborations, business expansions, and Research & Development (R&D) activities.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of an additional two market players
Growth opportunities and latent adjacency in Industrial Networking Solutions (INS) Market