The Global Industrial Networking Solutions Market Report provides a comprehensive analysis of the market structure with predictions for the various segments and sub-segments of the Industrial Networking Solutions Market.
Pune, India -- (SBWIRE) -- 03/11/2019 -- Global Industrial Networking Solutions Market, By Component (Technologies and Services), By Application Area (Remote monitoring and others), By Deployment (Cloud and On-premises), By Vertical (Discrete Industry and Process Industry), By Networking Type (Wireless networking and Wireline networking), By Industry Size (Large Scale Industries and others), By Geographical segments (North America, Asia Pacific, South America and others) - Forecast to 2025
The global industrial networking solutions market accounted for USD 24.53 billion in 2017 and is projected to grow at a CAGR of 21.4% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Key Players: Global Industrial Networking Solutions Market
- Huawei
- Eaton
- Cisco
- Dell EMC
- Juniper Networks
- Sierra Wireless
- Aruba Networks
- Veryx Technologies
- ABB
- Moxa
- Belden
- Rockwell Automation
- Schneider Electric
- Siemens
- Actelis Networks
- GE grid Solutions
- Industrial Networking Solutions
The global industrial networking solutions market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of industrial networking solutions market for global, Europe, North America, Asia Pacific and South America.
Market Drivers and Restraints:
- Growing need for predictive maintenance.
- Increase in demand for SDWAN solutions.
- Rise of wireless technologies in industry operations.
- Initiation of data analytics and data processing.
- Data theft followed by loss of property.
- Weak against cyber-attacks and ransomwares.
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Market Segmentation: Global Industrial Networking Solutions Market
Based on component:
- Technologies
- Services
Based on application area:
- Remote Monitoring
- Asset Tracking and Management
- Supply Chain Management
- Real-Time Streaming and Video
- Emergency and Incident Management
- Predictive Maintenance
Based on deployment model:
- Cloud
- On- Premises
Based on vertical:
- Discrete Industry
- Process Industry
Based on the organization structure:
- Small and Medium-Sized Enterprises
- Large Enterprises
Based on geography:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Market Definition: Global Industrial Networking Solutions Market
An industrial communication network is a spine for any computerization framework engineering as it has been giving effective methods for information trade, information controllability, and adaptability to interface different gadgets. With the utilization of exclusive advanced correspondence in enterprises over the decade enhanced end-to-end computerized flag exactness and respectability. These systems can either be LAN (Local Area Network, which is utilized as a part of a restricted territory) or WAN (Wide Area Network which is utilized as worldwide framework) empowered to impart tremendous measures of information utilizing a set number of channels. Modern systems administration additionally prompted the execution of different correspondence conventions between advanced controllers, field gadgets, different computerization related programming instruments and furthermore to outside frameworks.
Software Defined Wide Area Network (SDWAN) is an alternative for the traditional routers and switches; it gives a dynamic and arrangement based application way for business capacities. SDWAN utilizes cloud-based programming and advances to upgrade and advance the conveyance of the Wide Area Network (WAN) administrations to the remote workplaces of an endeavor. In addition, SDWAN is an emerging and developing innovation tech, which reforms systems administration and makes it swifter and more reliable and functional. The innovation empowers to oversee arranges in more agile mold by controlling them with programming characterized capacities. In context to the industrial network solution, Moxa's newly launched MGate 5103 and MGate 5111 industrial protocol gateways enable fast and easy protocol conversions between Modbus devices and PROFINET/PROFIBUS-based SCADA systems and PLCs.
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