Industrial Networking Solutions Market Competitive Analysis, Upcoming Opportunities and Forecast 2020-2030


 Market Highlights

Industrial networking solutions is a necessity for enterprises across various industry verticals to create an end-to-end robust network architecture. The widely used technology for this robust, secured, and scalable network is the use of industrial Internet of Things (IIoT). IIoT is used to establish a connection between different business processes/systems using automation. The major benefit of adopting industrial networking solutions is improved return on investment, increased efficiency in the manufacturing process, and digital transformation. However, concerns regarding data theft, malware attacks, and ransomware are still restraining the growth of industrial networking solutions market.

Key players

The key players in industrial networking solutions market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major players are — Siemens AG (Germany), Cisco Systems Inc. (US), Juniper Networks (US), Dell Inc. (US), Moxa Inc. (US), ABB (Switzerland), Eaton (Ireland), Huawei Technologies Co. Ltd (China), Rockwell Automation Inc. (US), and Hewlett Packard Enterprise Development LP (US). These players contribute a major proportion towards market growth.

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Market Segmentation:

By part, the market is fragmented into equipment and administration. The equipment part is fragmented into Ethernet switches, switches and entryways, network security gadgets, links, and others. The help portion is additionally divided into network access administrations, network framework configuration administrations, execution administrations, network execution approval administrations, and organization the executives and checking administrations.

By innovation, the market is divided into programming characterized by wide region organization (SDWAN), remote neighbourhood (WLAN), and modern Internet of Things (IIoT).

By sending, the market is divided into on-cloud and on-premise.

By industry upward, the market is sectioned into semiconductors, car and transportation, energy and utilities, synthetic compounds and petrochemicals, medical care, and others.

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The global market for industrial networking solutions is driven by increasing adoption rate of IIoT solutions across different industries, along with the increased demand for software-based networking to reduce the latency and increase resource access time. The market is estimated to grow at a significant rate during the forecast period from 2022 to 2030. The geographical analysis of industrial networking solutions market is covered for major regions such as North America, Europe, Asia-Pacific and the rest of the world. North America is expected to lead the industrial networking solutions market during the forecast period. It is an established region in terms of IT infrastructure and adoption of new technologies with heavy expenditure from active market players on research and development. One of the major contributors of the leading market share of the region is the US. The US holds nearly 60% of the key IT vendors that develop and invest in new technologies. US is expected to dominate the North American market due to increased demand for SDWAN across various industries. This increased demand for SDWAN is the result of faster and rapid adoption of cloud and cloud computing services by major enterprises in the US.

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