Industrial Networking Solutions Market Research Report – Forecast to 2032

Industrial Networking Solutions Market Research Report Information By Component (Technologies And Services), By Application (Remote monitoring, Asset tracking and management, Supply chain management, Real-time streaming and video, Emergency and incident management And Predictive maintenance), By Deployment (Cloud And On-premises), By Networking Type (Wireless networking And Wireline networking) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/ICT/4910-HCR | 100 Pages | Author: Ankit Gupta | March 2024         

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Industrial Networking Solutions Market Overview


Industrial Networking Solutions Market Size was valued at USD 11.2 billion in 2022. The industrial networking solutions market industry is projected to grow from USD 13.7 Billion in 2023 to USD 70.0 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.60% during the forecast period (2023 - 2032). A rise in the demand for wireless networks, their widespread use in business operations, and Software-defined wide area networks are the key market drivers enhancing the market growth.


Industrial Networking Solutions Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Industrial Networking Solutions Market Trends


IoT solution adoption and increased awareness are two factors driving the market's growth


One of the major factors driving the Industrial networking solutions market CAGR is increased awareness of IoT solutions and widespread adoption of various IoT solutions in various industrial applications such as robotics, medical devices, and software-defined production processes, among others. Industrial IoT has integrated IoT into a variety of industrial processes, including automation, optimization, maintenance, and networking. Industrial IoT enables organizations and industries to improve the efficiency and reliability of their operations. As a result of the high degree of efficiency and performance provided by IIoT during operations, the market is expected to increase in the future.


Furthermore, it is anticipated that the market for industrial networking solutions will expand due to the widespread use of wireless technologies in industrial operations. Many businesses are adopting industrial networking solutions as a result of the explosive growth of the smartphone and tablet markets in order to pinpoint urgent requirements in digital customer experience.


Additionally, During the forecasted period, the Industrial Networking Solutions Market is expected to be driven by an increase in the use of wireless technologies in industry operations, an increasing need for predictive maintenance, an increase in ransomware and cyber-attacks, and the emergence of data processing tools and data analytics. Furthermore, innovative industrial networking solutions assist enterprises in improving service delivery efficiency and streamlining operations. This will likely propel the market in the next years. Furthermore, it is expected that Asia-Pacific would expand rapidly in the next years.


For instance, the Ministry of Foreign Affairs of the CBI In 2019, it is expected that hardware will account for almost 35% of the internet of things market, with connectivity accounting for 22%, IoT services accounting for 27%, and software accounting for 16%. As a result, the industrial networking solutions market revenue is increasing.


Industrial Networking Solutions Market Segment Insights


Industrial Networking Solutions Component Insights


The industrial networking solutions market segmentation, based on component, the market is bifurcated into Technologies and Services. The Services segment is expected to have the largest market share because services are involved in meeting various client requirements such as network testing and auditing, network orchestration, network consulting, network provisioning, network planning and optimization, training and education, and support and maintenance.


Industrial Networking Solutions Application area Insights


The industrial networking solutions market segmentation, based on Application area, includes remote monitoring, asset tracking and management, supply chain management, real-time streaming and video, emergency and incident management and predictive maintenance. Predictive maintenance is expected to have the highest CAGR during the forecasted period because it analyzes product quality and asset performance, identifies primary variables via root cause analysis, avoids machine failures and associated consequences, and improves the reflectiveness of every machine.


Industrial Networking Solutions Deployment Insights


The ly industrial networking solutions market is divided into two deployment types: cloud and on-premises. The increased use of wireless technologies in many industries will drive demand for industrial networking solutions with cloud deployment options.


Industrial Networking Solutions Networking Type Insights


The worldwide industrial networking solutions market is divided into two segments based on networking type: wireless networking and wireline networking. Wireless networking accounted for a considerable market share. Wireless networking is a method of linking various equipment locations in houses, telecommunications networks, and corporate installations without the costly procedure of putting cables into a building. Radio communication is widely employed in the establishment and management of administrative telecommunications networks. This happens at the physical (layer) level of the OSI model network structure.


Figure1: Industrial Networking Solutions Market, by Networking Type, 2022 & 2032 (USD billion)


Industrial Networking Solutions Market, by Networking Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Industrial Networking Solutions Regional Insights


By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America will have the greatest share of the market due to factors such as agile networks, the Industrial Internet of Everything (IIoE), and the proliferation of smart connected devices. Aruba Networks has formed a relationship with the Tillamook County Creamery Association (TCCA), a dairy product maker and seller.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure2: INDUSTRIAL NETWORKING SOLUTIONS MARKET SHARE BY REGION 2022 (%)


INDUSTRIAL NETWORKING SOLUTIONS MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe’s industrial networking solutions market accounts for the second-largest market share due to the implementation of industrial loT solutions would have a favourable effect on regional market expansion. Further, the German industrial networking solutions market held the largest market share, and the UK industrial networking solutions market was the fastest-growing market in the European region


The Asia-Pacific Industrial Networking Solutions Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the infrastructure of the network rapidly developing. Moreover, China’s industrial networking solutions market held the largest market share, and the Indian industrial networking solutions market was the fastest-growing market in the Asia-Pacific region.


Industrial Networking Solutions Key Market Players & Competitive Insights


Leading market players are investing heavily in R&D to increase their product lines, which will help the industrial networking solutions market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To grow and survive in a more competitive and rising market climate, industrial networking solutions industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the industrial networking solutions industry to benefit clients and increase the market sector. In recent years, the industrial networking solutions industry has offered some of the most significant advantages to medicine. Major players in the industrial networking solutions market, including Siemens AG (Germany), Cisco Systems Inc. (US), Juniper Networks (US), Dell Inc. (US), Moxa Inc. (US), ABB (Switzerland), Eaton (Ireland) and others, are attempting to increase market demand by investing in R&D operations.


The Hewlett Packard Enterprise Company (HPE) is an American information technology corporation headquartered in Spring, Texas. HPE was created on November 1, 2015, in Palo Alto, California, as part of the Hewlett-Packard company's separation. It is a company that specializes in servers, storage, networking, containerization software, and consultancy and support. The separation was designed such that the previous Hewlett-Packard firm would be renamed HP Inc. and Hewlett Packard Enterprise would be spun off as a new firm. In July 2019, Hewlett Packard Enterprise (HPE) announced it plans to invest USD 500 million in India over the next five years, increase its workforce by 20% over the next 3-5 years, and start manufacturing in India end of 2019. The company is scheduled to begin making Aruba's (unit of HPE) portfolio of mobility and IoT solutions in India before 2019


Dell Technologies Inc. is a multinational technology corporation based in Round Rock, Texas. It was founded as a result of the merger of Dell and EMC Corporation in September 2016. (which later became Dell EMC). Personal computers, servers, cellphones, televisions, computer software, computer security and network security, as well as information security services, are among Dell's goods. Dell was rated 35th on the 2018 Fortune 500 list of the top firms in the United States based on total revenue. May 2020 - Dell Technologies announced Enterprise SONiC Distribution by Dell Technologies, a new set of fully supported open-source networking solutions.


Key Companies in the industrial networking solutions market include


  • Siemens AG (German)




  • 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)




  • Hewlett Packard Enterprise Development LP (US)




Industrial Networking Solutions Industry Developments


In April 2020:
Cisco announced the intent to acquire privately-held Fluidmesh Networks, a provider wireless backhaul system. Fluidmesh will further extend Cisco’s industrial wireless networking offerings to industries with moving assets and applications in situations where reliable backhaul is mission-critica.


In November 2019:
Nokia announced that it had launched private wireless networks for more than a hundred customers across multiple industries where it's industrial customers can take advantage of these networks related to Industry 4.0 innovation.


In January 2020:
NXP Semiconductors N.V. announced a multi-gigabit Ethernet switch designed for automakers to deliver the high-speed networks required for evolving connected vehicles. The NXP SJA1110 is one of the first automotive Ethernet switches with built-in safety capabilities, offering integrated hardware-assisted security, and multi-gigabit interfaces. 


Industrial Networking Solutions Market Segmentation


Industrial Networking Solutions Market by Component Outlook




  • Technologies




  • Services




Industrial Networking Solutions Market by Application area Outlook




  • Remote monitoring




  • Asset tracking and management




  • Supply chain management




  • Real-time streaming and video




  • Emergency and incident management




  • Predictive maintenance




Industrial Networking Solutions Market by Deployment Outlook




  • Cloud




  • On-premises




Industrial Networking Solutions Market by Networking Type Outlook




  • Wireless networking




  • Wireline networking




Industrial Networking Solutions Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America




Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 11.2 billion
Market Size 2023 USD 13.7 billion
Market Size 2032 USD 70.0 billion
Compound Annual Growth Rate (CAGR) 22.60% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Component, Application area, Deployment, Networking Type, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  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).
Key Market Opportunities Surge in the growth of operational technology and industrial loT networks.
Key Market Dynamics Rising need for advanced industrial networking solutions.




Frequently Asked Questions (FAQ) :

The industrial networking solutions market size was valued at USD 11.2 Billion in 2022.

The market is projected to grow at a CAGR of 22.60% during the forecast period, 2023-2032.

The key players in the market are Siemens AG (Germany), Cisco Systems Inc. (US), Juniper Networks (US), Dell Inc. (US), Moxa Inc. (US), ABB (Switzerland), Eaton (Ireland).

The Predictive Maintenance industrial networking solutions category dominated the market in 2022.

Key Questions Answered

  • Global Market Outlook
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  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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