The Manufacturing Segment is Expected to Dominate the Global Industrial Networking Solutions Market
Industry 4.0
and Digital Transformation and IoT (Internet of Things) Integration are the
factors propelling the market growth.
According
to TechSci Research report, “Global Industrial Networking Solutions Market -
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. Global Industrial Networking
Solutions is anticipated to project robust growth in the forecast period with a
CAGR of 20.27% through 2028. Multiple industries are seeking to drive
operational improvements into their assets and production systems with the help
of convergence and digitization by utilizing the new solutions in the
Industrial Internet of Things (IIoT) and Industry 4.0. However, these
initiatives have the requirement to securely connect the production
environments with standard networking technologies to allow industries and
their key partners access to a rich stream of new data, real-time visibility,
and remote access to the systems and assets in the operational environments.
This is the right time for Industry 4.0 since many industrial applications and
digitalization efforts can benefit today from LTE/4G; besides, it is a vital
step to promote the adoption of cellular technology at industrial verticals and
lay the foundation for future advanced networking use cases.
Browse
over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global Industrial Networking Solutions Market.”
Based
on End-User Industry, Manufacturing will dominate the market, Manufacturing
undergoes improvement and optimization programs throughout the lifecycle of the
products being manufactured. The trend is that the process improvements need to
be performed quite frequently and nearly continuously in some cases. More and
more IIoT sensors are being added to the existing operations to achieve more
efficient process improvement. For instance, the U.S. Food and Drug
Administration (FDA) has guided manufacturers to adopt a risk-based approach to
meeting product quality and regulatory requirements through Process Analytic
Technology (PAT). A core part of PAT is continuous inline monitoring of the
process that engages in transforming the raw materials into end products. This
monitoring technique requires additional instruments and sensors for the
process, and the new sensors will require industrial networks to communicate
with the control systems.
In
today’s digitally-driven manufacturing environments, there are many sensors and
devices and too much data to depend on manual processes. There is an increasing
need for manufacturing organizations to automate the monitoring of systems
across the factory floor and their responses to abnormal conditions, such as
equipment showing signs of stress. Because most industrial operations have been
taking place for a long time, the sensors need to be retrofitted onto existing
machinery, which can be done efficiently with wireless communication
technologies. Wireless mesh networks using technologies such as Bluetooth LE
mesh and IEEE 802.15.4 and will provide the edge connectivity to such sensors.
Wired sensors will be relevant and can even migrate from dedicated Fieldbus
technologies to variants of industrial Ethernet, including single-pair Ethernet
networks.
Based
on Region, Asia Pacific will dominate the market, Asia-Pacific is expected to
witness the fastest growth during the forecast period, owing to the rapid
development of the network infrastructure. Moreover, this region has seen
robust initiatives to upsurge the industrial networking infrastructure in
different countries. Backed by positive and proactive government support, China
is betting big on the IIoT and, being one of the world's largest economies,
operators as well as other vendors in the ecosystem, are helping to accelerate
the delivery of compelling and secure industrial networking solutions including
Low Power Wide Area networks, such as NB-IoT and LTE-M, which are helping to
usher in innovative new services across China.
The
Japanese government launched a 5G spectrum designated for industries and local
governments at the end of 2019. This will enable industries, organizations, and
other regional authorities in Japan to utilize the next-generation of
industrial-strength wireless connectivity, which is based on LTE and 5G
technologies to create local reliable, private networks. In November 2019,
Nokia and Hitachi Kokusai Electric formed a collaboration to provide an
ecosystem of solutions to support the deployment of the latest digital
automation services. Hitachi Kokusai Electric will provide its expertise in
driving private LTE networks' usage for industry use and disaster prevention in
Japan.
Key
market players in the Global Industrial Networking Solutions Market are
following:
- Cisco
Systems, Inc.
- Juniper
Networks, Inc.
- Dell
EMC (Dell Technologies Inc.)
- Rockwell
Automation, Inc.
- Sierra
Wireless, Inc.
- Huawei
Technologies Co. Ltd
- Aruba
Networks HPE
- Eaton
Corporation
- Nokia
Corporation
- ABB
Ltd
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“The
Global Industrial Networking Solutions (INS) market is driven by a convergence
of factors, including Industry 4.0's demand for automation and data-driven
decision-making. Increased adoption of the Internet of Things (IoT) and edge
computing, the rollout of 5G connectivity, and a focus on cybersecurity to
protect interconnected industrial systems contribute to the market's growth.
INS also supports the integration of artificial intelligence and cloud
solutions. Additionally, sustainability and energy efficiency concerns, coupled
with the globalization of industrial operations, necessitate robust networking
solutions. These drivers collectively underpin the pivotal role INS plays in
fostering efficiency, competitiveness, and innovation across various industrial
sectors.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
Industrial
Networking Solutions Market – Global Industry Size, Share, Trends, Opportunity, and Forecast
Segmented by Component (Hardware, Software and Services), Deployment Type
(On-premises, Cloud), Network Type (Wired, Wireless), End-User Industry
(Automotive, Financial and Banking Industry, Telecommunication, Manufacturing,
Logistics, and Transportation), By Region, By Competition 2018-2028 has evaluated the future growth
potential of Global Industrial Networking Solutions Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global Industrial Networking
Solutions Market.
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