Cisco (US) and Juniper Networks (US) are leading players in Industrial Networking Solutions Market
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 shift towards Industry 4.0 and brilliant production is a significant driver of industrial networking solutions. Manufacturers increasingly use automation, IoT (Internet of Things), and data analytics to boost efficiency and productivity.
Various globally established players, 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), are dominating the industrial networking solutions market. These competitors have used various growth methods to increase their market share in the industrial networking solutions market, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.
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Cisco is a high-end provider of hardware, software, networking, communication systems, and technology-based products and services. The company offers solutions, such as Software-Defined Access, DNA Analytics and Assurance, Cisco SD-WAN Solutions, and Wireless and Mobility, to cater to the process and discrete industries. Moreover, its flagship product, Cisco IoT Networking, includes Cisco Kinetic and Cisco Networking. It bridges the gaps between IT and operational technologies and supports the entire organization with a scalable network infrastructure. Additionally, it provides IoT services to transform organizations’ operational networks into IP-based industrial networks. These services increase efficiency, lower support costs, and improve the network availability of organizations, thereby fulfilling their networking needs as well. Furthermore, Cisco offers industrial networking solutions, such as centralized management, location analytics, application visibility and control, dedicated security radio, and identity-based firewalls for its industrial clients.
Juniper Networks is instrumental in offering industrial networking solutions, such as Data Center Interconnect (DCI) Networking, Network Operating System (OS), and SD-WAN. These solutions facilitate high performance, elasticity, and security in enterprise networks. Juniper’s SD-WAN solution, in particular, delivers a secure scalable, and carrier-grade Cloud Customer Premises Equipment (CPE) solution for service providers. It also simplifies the delivery of policy-based routing across enterprise locations with the help of detailed visualization and fully integrated network services. The company also offers various professional services to its industrial customers, such as application management and orchestration, training and certification, and support and maintenance.
Related Reports:
Industrial Networking Solutions (INS) Market by Offering, Technology (SD-WAN, WLAN, IIoT), Service, Application (Remote Monitoring, Predictive Maintenance, Emergency & Incident Management), Vertical, Networking Type and Region - Global Forecast to 2028
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