Global Industrial Networking Solutions Market, By Component, Technology, Deployment, Industry Vertical — Forecast till 2023
The era of industrial automation has brought significant changes in the way machines, manufacturing processes, and supply chains operate in an industrial facility. The equipment that are connected to the Internet are going through tremendous transformations including data transfer, analysis, and generating insights. Along with these transformations, there is a constant need for maintaining network connectivity and securing these networks from malware and cyber-attacks. Industrial networks, nowadays, are transforming themselves into a smart and converged networking system to provide a robust and efficient communication system.
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By component, the market is segmented into hardware and service. Hardware component is segmented into Ethernet switches, routers & gateways, network security devices, cables, and others. The service segment is further segmented into network access services, network infrastructure design services, implementation services, network performance validation services, and network management & monitoring services.
By technology, the market is segmented into software-defined wide area network (SDWAN), wireless local area network (WLAN), and industrial Internet of Things (IIoT).
By deployment, the market is segmented into on-cloud and on-premise.
The global market for industrial networking solutions is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of industrial networking solutions market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
The Industrial Networking Solutions Market is estimated to reach USD 24.82 billion by the end of forecast period with a CAGR of 19.2%.
The key players in the 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. Some of them 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).
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• Network solution providers
• Industrial networking solution providers
• Network operators
• Research organizations, universities, and consulting companies
• Network testing service providers
• Application design and software developers
• Consultancy firms and advisory firms
• Technology consultants