[188 Pages Report] The Industrial Networking Solutions Market size was estimated at USD 29.42 billion in 2023 and expected to reach USD 34.27 billion in 2024, at a CAGR 16.57% to reach USD 86.07 billion by 2030.

Industrial networking solutions are the comprehensive set of technologies, protocols, and practices implemented to ensure robust, secure, and reliable communication among various devices and systems within industrial environments. Industrial networking solutions connect a myriad of devices, such as sensors, actuators, control systems, and human-machine interfaces (HMIs), thereby creating a cohesive ecosystem that can exchange data and make coordinated decisions. The increased industrial activity and stringent industry regulations requiring robust network systems to ensure safety and data integrity promote the deployment of industrial networking solutions. In addition, the transition towards smart manufacturing is a chief driver for adopting advanced networking solutions. However, vulnerability to cyber-attacks and a shortage of skilled experts who can design, implement, and maintain sophisticated networking solutions limit the usage of industrial networking solutions. Moreover, the cost associated with deploying advanced industrial networking solutions may hinder the penetration of solutions among small and medium-scale industries. Nevertheless, the integration of 5G technology for enhanced bandwidth and lower latency and the increasing applicability of industrial networking solutions across process industries are expected to create opportunities for the market in the coming years.

Component: Increasing significance of technologies in industrial networking solutions to create robust networks

In industrial networking solutions, services are pivotal in ensuring the smooth deployment, operation, and maintenance of networking technologies. This segment encompasses a variety of offerings, such as consulting, integration and deployment, support and maintenance, and managed services. Customers prefer consulting services when they need expert advice on designing and implementing a networking solution tailored to their unique industrial environment. Integration & deployment services are essential. Preference for these services depends upon the complexity of the networking solutions required. Technologies in industrial networking are the tangible components that facilitate communication between various devices and management systems within an industrial setting. This category includes hardware, software, and platforms operating synergistically to create robust networks. Networking hardware, including switches, routers, gateways, and access points, is preferred for its foundation role in industrial networking. The need for centralized control and management of network resources has led to an increased preference for networking platforms.

Networking Type: Expanding demand for wireless networking as it supports mobility and can be adjusted with minimal disruption

Wireless networking in industrial environments allows for flexible, scalable, and often cost-effective connections between devices and systems. Wireless networking has become essential, particularly in facilities where wired infrastructure is impractical or too expensive to deploy. Wireline networking, with its high reliability and security, remains the backbone of industrial communication systems, particularly in settings demanding consistent and high-speed data transfer with low latency. Sectors such as utilities, energy, and manufacturing with heavy machinery lean towards wireline solutions due to their stability and robustness. This is critical for applications such as process control and automation systems without losing connectivity.

Deployment: Growing preference for on-cloud deployment due to its cost-effectiveness and ease of deployment

On-cloud deployment refers to the delivery of industrial networking solutions through cloud-based platforms. These platforms are hosted on the service provider’s infrastructure rather than the end user’s premises. This model provides significant advantages in scalability, flexibility, and cost-efficiency. Companies that opt for on-cloud deployment generally avoid investing in physical infrastructure and leverage the as-a-service model that provides ongoing updates and maintenance. On-premises deployment involves installing the industrial networking solutions directly on the client’s hardware within their physical premises. This model gives the organization complete control over their networking infrastructure and data, which is crucial for companies with high security or regulatory requirements. The trade-off typically includes a more increased upfront investment and ongoing costs for maintenance and upgrades.

Vertical: Increasing potential of industrial networking solutions across the discrete industry that supports production processes and complex supply chains

The discrete industry encompasses sectors where goods are produced distinctively, such as electronics, automotive, and aerospace. Networking solutions within these sectors are tailored to support modular production processes and complex supply chains. Automotive manufacturing is rapidly advancing through the adoption of industrial networking solutions. This integration facilitates robust, secure connectivity and real-time data exchange, optimizing the production line and supply chain management and enabling predictive maintenance practices. Industrial networking solutions provide transportation & logistics sectors advanced tracking capabilities, improved asset utilization, and greater operational transparency, enhancing throughput and reducing downtime. Machine manufacturers benefit from industrial networking solutions through machine-to-machine communication and automation improvements. These advancements contribute to improved production flexibility, predictive maintenance, and a notable reduction in time-to-market for new machinery. Stringent regulations and the need for precision and reliability significantly influence the medical device industry. Industrial networking solutions in this vertical ensure secure data handling, compliance with health standards, and connectivity supporting medical technology advancement. With an ever-increasing demand for innovation, the semiconductor and electronics industry relies heavily on industrial networking solutions to augment production efficiency and scalability and meet the exacting quality control standards necessary in this high-precision field. The process industry refers to sectors such as oil & gas, chemicals, and pharmaceuticals, where production systems are continuous or batch. Network solutions for this industry prioritize reliability, safety, and long-term stability, accommodating 24/7 operational demands and hazardous environments. Chemical & material producers are turning towards networked solutions to refine processes, bolster supply chain transparency, and facilitate regulatory compliance while focusing on safety and environmental stewardship. For energy & utilities, integrating industrial networking solutions is pivotal for managing distribution networks, enhancing grid reliability, and incorporating renewable energy sources. These technologies enable smarter grid management and outage response mechanisms. The food & beverage sector benefits from networking solutions by optimizing the supply chain, improving food safety and quality control, and accelerating responsiveness to market demands and consumption patterns. Industrial networking plays a transformative role in water & waste management by implementing smart grids that enable efficient monitoring and management of resources, driving sustainability and regulatory compliance initiatives.

Regional Insights

The Americas region represents a robust market for industrial networking solutions due to advanced manufacturing sectors and the early adoption of IoT technologies. End-user needs in this region are primarily driven by a quest for efficiency gains, data analytics, and automation in various industries, including automotive, aerospace, and energy. A significant push for smart manufacturing in the Americas has increased demand for industrial Ethernet, wireless communication, and cyber-secure networking. In the European Union, stringent regulations, sustainability goals, and the Industry 4.0 movement highly influence customer purchasing behavior for industrial networking solutions. The EU’s focus on energy-efficient and eco-friendly manufacturing processes has driven the need for greener and more energy-effective networking solutions. In the Middle East, smart city initiatives, such as Saudi Arabia’s Vision 2030, drive the market towards innovative networking solutions that support extensive automation and data exchange. The Asia Pacific region observes a rapidly growing market for industrial networking solutions, propelled by massive industrialization and manufacturing capabilities. The supportive government initiatives and investments for automation and smart manufacturing in the emerging economies of Asia-Pacific are expanding the scope for industrial networking solutions. The significant investment, particularly in areas such as 5G technology for industrial automation, AI and machine learning-based monitoring systems, and energy-efficient networking components, is positively contributing to the growth of the industrial networking solutions market in the Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Networking Solutions Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Networking Solutions Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Networking Solutions Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, ALE USA Inc., Antaira Technologies LLC, Aruba Networks, Inc. by Hewlett Packard Enterprise Development LP, Belden Inc., Celona Inc., Cisco Systems Inc., CSG Networks Pvt. Ltd., Cyber Security Intelligence, Dell Inc., Eaton Corporation, General Electric Company, Graphiant, Huawei Technologies Co. Ltd., Juniper Networks, Inc., Litmus Automation Inc., Moxa Inc., Nokia Corporation, Patton LLC, Red Lion Controls, Rockwell Automation, Inc., Siemens AG, Sierra Wireless Inc. by Semtech Corporation, SolutionsPT Ltd., and Veryx Technologies Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Industrial Networking Solutions Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Services
      • Network Auditing & Testing
      • Network Consulting
      • Network Integration
      • Network Orchestration
      • Network Planning & Optimization
      • Network Provisioning
      • Network Security
      • Support & Maintenance
      • Training & Education
    • Technologies
      • Industrial Internet of Things
      • Software-Defined Wide Area Network
      • Wireless Local Area Network
  • Networking Type
    • Wireless Networking
    • Wireline Networking
  • Application
    • Asset Tracking & Management
    • Emergency & Incident Management
    • Predictive Maintenance
    • Real-Time Streaming & Video
    • Remote Monitoring
    • Supply Chain Management
  • Deployment
    • On-Cloud
    • On-Premises
  • Industry Size
    • Large-Scale Industries
    • Small & Medium-Scale Industries
  • Vertical
    • Discrete Industry
      • Automotive
      • Logistics & Transportation
      • Machine Manufacturing
      • Medical Devices
      • Semiconductor & Electronics
    • Process Industry
      • Chemicals & Materials
      • Energy & Utilities
      • Food & Beverage
      • Water & Waste Management

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Industrial Networking Solutions Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Networking Solutions Market?
  3. What are the technology trends and regulatory frameworks in the Industrial Networking Solutions Market?
  4. What is the market share of the leading vendors in the Industrial Networking Solutions Market?
  5. Which modes and strategic moves are suitable for entering the Industrial Networking Solutions Market?