An industrial network solution is the support of any automation system architecture as it offers powerful means of data controllability and data exchange and flexibility to connect different devices. The data communication refers to the transfer of data, typically in digital format, from a transmitter to a receiver through a link connecting these two. Traditional communication networks are used to allow data communication between computers and other devices. The industrial networking solutions are used to offer technical support, distribution of products, and deliver IT services, which need wireless and wired networking systems.
MARKET SCOPE
The "Global Industrial Networking Solution Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial networking solution market with detailed market segmentation by component, networking type, organization size, application, industry vertical, and geography. The report provides key statistics on the market status of the leading industrial networking solution market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global industrial networking solution market is segmented into solution and services.
- On the basis of organization size, the market is segmented into large enterprises and small and medium enterprises.
- Based on networking type, the market is segmented into wireline networking and wireless networking.
- Based on application, the market is segmented into remote monitoring, asset tracking and management, supply chain management, real-time streaming and video, emergency and incident management, and predictive maintenance.
- Based on industry vertical, the market is segmented into industry vertical BFSI, retail and e-commerce, manufacturing, government and defense, energy and utilities, IT and telecom, education, healthcare, and others.
MARKET DYNAMICS
Drivers:
- The rise in the development of industrial IoT and the proliferation of wireless technologies in industry operations are some of the major factors that drive the growth of the industrial networking solutions market.
- Additionally, increasing demand for industrial ethernet & wireless technologies and growth in the advent of data analytics and data processing is anticipated to fuels the growth of the industrial networking solutions market.
Restraints:
- Data privacy and security concerns may hinder the growth of the industrial networking solution market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The industrial networking solution market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial networking solution market in these regions.
IMPACT OF COVID-19 ON INDUSTRIAL NETWORKING SOLUTION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the industrial networking solution market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from industrial networking solution market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial networking solution market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Belden Inc.
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co., Ltd.
- Juniper Networks, Inc.
- MicroSystems
- Moxa Inc.
- Rockwell Automation, Inc.
- Siemens
- Sierra Wireless