Market Overview:

The Industrial Networking Solutions Market size is estimated to reach $55.4 billion by 2030, growing at a CAGR of 10.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Industrial Networking Solutions Market – By Category (Ethernet Network, Wireless Network and Fieldbus Network), By Product Type (Controller, Coupler, Remote Terminals, Code Readers, Routers and Switches and Others), By End-User (Automotive, Logistics and Transportation, Aerospace and Defense, Electronics & Semiconductor, Medical & Healthcare, Oil and Gas, Manufacturing, Power, Water and Waste Water Treatment, Chemical, Pharmaceutical, Food & Beverage and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

The convergence of Operational Technology (OT) with Information Technology (IT) and the rise of industrial cybersecurity solutions are fueling the growth of the Industrial Networking Solutions industry during the forecast period.

North America Dominated the Market in 2023:

In 2023, North America emerged as the leading market for Industrial Networking Solutions, driven by its robust industrial base and technological advancements. The region's strong focus on digital transformation and adoption of IoT, AI, and machine learning in industrial applications propelled growth. The presence of key industry players and investments in upgrading existing infrastructure to smart systems further solidified its dominance. Additionally, stringent cybersecurity regulations and a high demand for secure and efficient industrial operations contributed to North America's leadership. This dominance highlights the region's commitment to innovation and maintaining a competitive edge in the industrial sector. 

Industrial Networking Solutions Market: Key Takeaways

Increasing Need to Enhance Network Infrastructure:

As technology continues to advance, industries are increasingly adopting sensor-based industrial devices such as the Industrial Internet of Things (IIoT). This trend has seen a dramatic rise across various sectors. The industrial network encompasses various components such as routers, switches, and connection devices. These components are designed to provide enhanced speed and the capability to connect a greater number of nodes within the network infrastructure. This evolution supports faster data transmission and facilitates the seamless integration of a larger array of devices across industrial environments, thereby promoting efficiency and scalability in operations.

For More Queries About "Industrial Networking Solutions Market " @ https://www.industryarc.com/reports/request-quote?id=500712

Transitioning Towards the Adoption of Wireless Technologies in Facilities:

Wireless technologies have exhibited remarkable growth rates exceeding 23% annually over the past three years, albeit still constituting a modest share of newly installed nodes in the overall market. The advancement and widespread availability of wireless technologies are pivotal factors poised to propel market growth. These technologies enable efficient networking across diverse application domains, including production facilities and office environments. Their broad functional capabilities facilitate seamless connectivity, enhancing operational efficiency and flexibility within industrial networks. Consequently, the burgeoning demand for industrial networking solutions is bolstered by these advancements, driving the adoption of wireless technologies in various industrial settings. 

Scope of the Report: 

   Report Metric

                           Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

10.5%

Market Size in 2030

$55.4 billion

Segments Covered

By Category, By Product Type, By Data Type, By End-User and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

  1. Huawei Technologies Co. Ltd.

  2. Cisco System Inc.

  3. Belden Inc.

  4. Moxa Inc.

  5. Rockwell Automation Inc.

  6. Juniper Networks Inc.

  7. Sierra Wireless

  8. Belden Incorporated

  9. Eaton Corporation Inc.

  10. Aruba Networks.

Recent Developments:

  • In July 2023, Cox Communications completed the acquisition of commercial fiber provider, Unite Private Networks (UPN). UPN and Cox-owned Segra will form a new standalone fiber company to accelerate growth in the company's commercial fiber solutions.   
  • In October 2023, PCTEL, Inc., a leading global provider of wireless technology solutions, announced that it has reached a definitive agreement to be acquired by Amphenol Corporation, one of the world’s largest providers of high-technology interconnect, sensor and antenna solutions.
  • In December 2023, HMS Networks AB, a global provider of industrial information and communication technology entered into a binding agreement with Spectris Group Holdings Limited to acquire the Red Lion Controls business, a well-established US-based provider of industrial automation solutions.
Industrial Networking Solutions Market: Competitive Landscape

Key companies profiled in the Industrial Networking Solutions Market are Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Belden Incorporated, Eaton Corporation Inc., Aruba Networks and others.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy
IndustryARC
USA: (+1) 518-282-4727