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3. Industrial Networking Solutions Market Size & Share - Future Growth Predictions

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.

Industrial Networking Solutions Market is poised for substantial growth in the coming years, driven by several key factors:

• Industry 4.0 Adoption
• Rise of Industrial IoT (IIoT)
• Demand for Real-Time Monitoring and Control
• Increasing Complexity of Industrial Networks
• Emphasis on Cybersecurity
• Expansion of Smart Manufacturing
• Need for Remote Monitoring and Maintenance
• Integration of Edge Computing
• Advancements in Wireless Technologies
• Regulatory Compliance Requirements

To know about the assumptions considered for the study download the pdf brochure

Industry 4.0 Adoption:

• Increasing adoption of Industry 4.0 initiatives, characterized by automation, data exchange, and smart manufacturing, drives the demand for advanced networking solutions to enable connectivity and interoperability among industrial systems.

Rise of Industrial IoT (IIoT):

• The proliferation of IIoT devices and sensors in industrial environments necessitates robust networking infrastructure to support the seamless integration and communication of devices, leading to the growth of industrial networking solutions.

Demand for Real-Time Monitoring and Control:

• Industries require real-time monitoring and control capabilities to optimize operations, enhance productivity, and ensure operational efficiency. This drives the need for industrial networking solutions that can provide reliable and low-latency communication.

Increasing Complexity of Industrial Networks:

• As industrial networks become more complex with the integration of diverse devices, protocols, and applications, there is a growing demand for networking solutions that can manage and orchestrate the connectivity across heterogeneous environments.

Emphasis on Cybersecurity:

• With the growing threat of cyberattacks targeting industrial systems, there is an increased emphasis on implementing robust cybersecurity measures in industrial networks. This drives the demand for networking solutions that can provide advanced security features to protect critical infrastructure and data.

Expansion of Smart Manufacturing:

• The expansion of smart manufacturing initiatives, aimed at enhancing efficiency, flexibility, and customization in manufacturing processes, fuels the demand for industrial networking solutions to enable seamless communication and data exchange across the manufacturing ecosystem.

Need for Remote Monitoring and Maintenance:

• Industries increasingly rely on remote monitoring and maintenance capabilities to ensure the reliability and uptime of critical equipment and assets. This drives the adoption of industrial networking solutions that enable remote access, diagnostics, and troubleshooting.

Integration of Edge Computing:

• The integration of edge computing capabilities into industrial networks to process and analyze data closer to the source drives the demand for networking solutions that can support edge computing architectures and facilitate seamless connectivity between edge devices and cloud platforms.

Advancements in Wireless Technologies:

• The advancements in wireless technologies such as Wi-Fi 6, 5G, and LPWAN (Low-Power Wide-Area Network) enable high-speed, low-latency connectivity for industrial applications, driving the adoption of wireless networking solutions in industrial environments.

Regulatory Compliance Requirements:

• Increasing regulatory compliance requirements related to data security, privacy, and industrial standards drive the adoption of industrial networking solutions that can ensure compliance with industry regulations and standards.

These growth factors collectively contribute to the expansion of the industrial networking solutions market, as industries seek to leverage advanced networking technologies to drive efficiency, innovation, and competitiveness in their operations.

Industrial Networking Solutions Market Share - Global Industry Landscape

• HPE (US)
• ABB (Switzerland)
• Belden (US)
• Siemens (Germany)
• Moxa (US)
• Red Lion Controls (US)

These companies offer a wide range of industrial networking solutions tailored to the specific needs of industrial customers, contributing to the connectivity, efficiency, and reliability of industrial operations worldwide.

HPE (US):

• Market Share: Leading player in industrial networking solutions market.
• Key Offerings: Comprehensive portfolio of networking hardware, software, and services tailored for industrial applications, including switches, routers, wireless solutions, and network management software.

ABB (Switzerland):

• Market Share: Significant presence in industrial networking solutions, especially in automation and control systems.
• Key Offerings: Industrial Ethernet switches, gateways, and communication modules designed for seamless integration with ABB's automation products, enabling connectivity and interoperability in industrial environments.

Belden (US):

• Market Share: Well-established provider of industrial networking solutions.
• Key Offerings: Industrial-grade networking products, including Ethernet switches, routers, cables, and connectivity solutions, designed to withstand harsh environments and ensure reliable communication in industrial applications.

Siemens (Germany):

• Market Share: Prominent player in industrial automation and networking.
• Key Offerings: Industrial communication solutions, including SCALANCE industrial Ethernet switches, PROFIBUS/PROFINET components, and industrial wireless systems, enabling seamless connectivity and data exchange in manufacturing and process industries.

Moxa (US):

• Market Share: Recognized for its ruggedized networking solutions.
• Key Offerings: Industrial Ethernet switches, routers, wireless access points, and serial-to-Ethernet converters designed for mission-critical applications in transportation, energy, and factory automation.

Red Lion Controls (US):

• Market Share: Notable player in industrial networking solutions market.
• Key Offerings: Industrial Ethernet switches, routers, cellular routers, and IIoT gateways with advanced features such as VLAN support, redundancy, and remote management capabilities, enabling reliable and secure communication in industrial environments.

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