Press release
Industrial Networking Solutions Market from Wireless Network Segment is Projected to Grow at Significant CAGR By 2025
Industrial Networking Solutions Market
Industrial Networking Solutions industry, By Enterprise Size, 2014-2025 (USD Million)
• Small and Medium Enterprises (SMEs)
• Large Enterprises
Industrial Networking Solutions Market, By Application, 2014-2025 (USD Million)
• Remote Monitoring
• Asset Tracking & Management
• Supply Chain Management
• Real-Time Audio & Video Streaming
• Emergency & Incident Management
• Predictive Maintenance
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The services subsegment in the component segment is expected to hold a dominant industrial networking solutions market share over the forecast timeline. The harsh operational environment of a factory requires integration & deployment of industrial networking services to maintain industrial networking infrastructures. Additionally, industrial networking services cater to industrial operation demands such as network planning & optimization, network integration & orchestration, consulting & training, and network provisioning.
Asia Pacific is estimated to grow at a significant CAGR in the industrial networking solutions market due to the rapid adoption of Industry 4.0 in the region across manufacturing, automotive, and other sectors. The supportive government investment in the region to support industrial digitization is expected to drive the market growth in the region. For instance, in September 2015, the Indian government announced to invest USD 1.2 trillion over a period of 20 years to develop 100 Indian cities into smart cities.
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The market players in industrial networking solutions are focusing on strategic alliances with other players to enhance their product portfolios and expand their geographical presence. For instance, in April 2019, Belden Inc. acquired OPTERNA and will be managed alongside PPC Broadband, Inc. The acquisition will help Belden Inc. to increase its customer base across the U.S. and Europe regions. Some of the key market players of industrial networking solutions market, which include automotive manufacturers are ABB, Aruba Networks, Belden Incorporated, Cisco Systems, Inc., Dell EMC, Eaton Corporation Inc, Huawei Technologies Co. Ltd., Jupiter Networks, Inc., Rockwell Automation, Inc., and Sierra Wireless.
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