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    Industrial Networking Solutions Market

    ID: MRFR/ICT/4910-CR
    188 Pages
    Ankit Gupta
    March 2024

    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, Middle East & Africa, and South America) - Forecast till 2035

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    Industrial Networking Solutions Market Infographic
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    Industrial Networking Solutions Market Summary

    The Global Industrial Networking Solutions Market is projected to grow from 16.6 USD Billion in 2024 to 129.0 USD Billion by 2035.

    Key Market Trends & Highlights

    Industrial Networking Solutions Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 20.49% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 129.0 USD Billion, reflecting substantial growth opportunities.
    • In 2024, the market is valued at 16.6 USD Billion, indicating a strong foundation for future expansion.
    • Growing adoption of industrial automation technologies due to increased efficiency demands is a major market driver.

    Market Size & Forecast

    2024 Market Size 16.6 (USD Billion)
    2035 Market Size 129.0 (USD Billion)
    CAGR (2025-2035) 20.49%

    Major Players

    Siemens AG, Juniper Network, Dell Inc, Moxa inc, Cisco Systems INC, ABBEaton, Huawei Technologies co ltd, Rockwell Automation Inc, HP enterprise development LP

    Industrial Networking Solutions Market Trends

    Advent of advanced technologies for industrial operations

    The industrial world is being impacted by several technological developments, which are driving up demand for high-quality goods and services that can only be produced at high productivity. This criteria calls for the use of process engineering systems, automated manufacturing, and industrial automation. Industrial automation (hardware & software) refers to the categorization of software and hardware as well as the method that unifies them. It also means providing new features utilising workplace technology to get around limitations.

    Automation can be accomplished by installing automated hardware, such as embedded systems, or by using software that automates logical operations and manages operational procedures.

    Future production systems will need to provide flexible, adaptive production processes with competitive production costs, which may be done through scalable automation technology. For an operation to be productive and profitable, it must remain operational. For instance, during planned downtime, machine maintenance is necessary to maintain the highest level of industrial productivity. In order to properly manage problems, it is better if machines can predict when and where they will arise. For analysis, this data must be disseminated throughout industrial networks and is also useful for machine learning and business intelligence.

    The ongoing evolution of industrial networking solutions is poised to enhance operational efficiency and connectivity across various sectors, reflecting a growing emphasis on digital transformation and automation.

    U.S. Department of Commerce

    Industrial Networking Solutions Market Drivers

    Market Growth Projections

    The Global Industrial Networking Solutions Market Industry is poised for substantial growth, with projections indicating a market value of 16.6 USD Billion in 2024 and an anticipated increase to 129.0 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 20.49% from 2025 to 2035, driven by various factors including automation, IoT integration, and advancements in networking technologies. The market's expansion is indicative of the increasing reliance on industrial networking solutions across diverse sectors, highlighting the critical role these solutions play in enhancing operational efficiency and competitiveness.

    Rising Demand for Automation

    The Global Industrial Networking Solutions Market Industry experiences a robust demand for automation across various sectors. Industries are increasingly adopting automated processes to enhance efficiency and reduce operational costs. For instance, manufacturing plants are integrating advanced networking solutions to facilitate real-time data exchange and remote monitoring. This trend is projected to contribute significantly to the market's growth, with the market value expected to reach 16.6 USD Billion in 2024. The shift towards automation not only streamlines operations but also supports the implementation of Industry 4.0 initiatives, further driving the adoption of industrial networking solutions.

    Expansion of IoT Applications

    The proliferation of Internet of Things (IoT) applications is a pivotal driver for the Global Industrial Networking Solutions Market Industry. As industries increasingly leverage IoT technologies, the need for robust networking solutions becomes paramount. IoT devices require reliable connectivity to transmit data effectively, necessitating advanced networking infrastructures. This trend is likely to propel the market towards a valuation of 129.0 USD Billion by 2035. The integration of IoT in sectors such as manufacturing, logistics, and energy management underscores the importance of industrial networking solutions in facilitating seamless communication and data exchange among connected devices.

    Growing Cybersecurity Concerns

    Cybersecurity remains a critical concern within the Global Industrial Networking Solutions Market Industry. As industrial networks become more interconnected, the risk of cyber threats escalates, prompting organizations to invest in secure networking solutions. The increasing frequency of cyberattacks on industrial systems necessitates the implementation of advanced security measures, which in turn drives the demand for specialized networking solutions. Companies are prioritizing cybersecurity to protect sensitive data and maintain operational integrity. This focus on security is expected to contribute to a compound annual growth rate (CAGR) of 20.49% from 2025 to 2035, reflecting the urgency of addressing cybersecurity challenges in industrial environments.

    Increased Focus on Data Analytics

    The emphasis on data analytics is increasingly influencing the Global Industrial Networking Solutions Market Industry. Organizations are recognizing the value of data-driven decision-making and are investing in networking solutions that facilitate data collection and analysis. Enhanced networking capabilities enable real-time data access, which is crucial for optimizing operations and improving productivity. As industries harness the power of big data and analytics, the demand for advanced networking solutions is expected to rise significantly. This trend is indicative of a broader shift towards data-centric strategies, further propelling the growth of the industrial networking solutions market.

    Advancements in Networking Technologies

    Technological advancements play a crucial role in shaping the Global Industrial Networking Solutions Market Industry. Innovations such as 5G technology, edge computing, and software-defined networking are transforming the landscape of industrial networking. These advancements enable faster data transmission, reduced latency, and improved network reliability, which are essential for modern industrial applications. As industries adopt these cutting-edge technologies, the demand for sophisticated networking solutions is likely to surge. This trend aligns with the projected growth trajectory of the market, as organizations seek to leverage these technologies to enhance operational efficiency and competitiveness.

    Market Segment Insights

    Industrial Networking Solutions Component Insights

    The market for industrial networking solutions has been divided into hardware and services based on component. Ethernet switches, routers & gateways, network security equipment, cables, and other items make up the hardware's sub-segments. Network access services, network infrastructure design services, implementation services, network performance validation services, network management & monitoring services, and others are all included in the services section.

    FIGURE 2: INDUSTRIAL NETWORKING SOLUTIONS MARKET SHARE BY COMPONENT 2022 (%)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Industrial Networking Applications Insights

    The market for industrial networking solutions has been divided into many categories based on the applications they are used for: remote monitoring, asset tracking & management, real-time diagnostics and repair, supply chain management, predictive maintenance, emergency & incident management, and others.

    For instance, The use of remote monitors or probes to remotely monitor network operational operations is made possible by the Remote Monitoring standard definition. Network administrators may oversee and manage their network architecture more effectively with the help of remote monitoring.

    Also, Asset tracking electronically records and automatically tracks an asset. It looks through the data to determine how many assets a site needs and forecasts when to replace and repair them. These documents include data for audits and actual counts. Asset tracking electronically records and automatically tracks an asset. It looks through the data to determine how many assets a site needs and forecasts when to replace and repair them. These documents include data for audits and actual counts.

    Industrial Networking Solutions Deployment Insights

    Based on the deployment, the market has been classified into cloud and on premises. The need for industrial networking solutions with cloud deployment options will expand as wireless technologies become more prevalent across a wide range of sectors.

    Industrial Networking Solutions Networking Insights

    Based on networking type—wireline networking and wireless networking—the global market for industrial networking solutions is split into two areas. A substantial portion of the market was occupied by wireless networking. Wireless networking is a way to connect multiple pieces of equipment in homes, telecommunications networks, and business setups without having to spend money running wires inside a structure. In the creation and administration of administrative telecommunications networks, radio communication is frequently used. At the physical (layer) level of the OSI model network structure, this takes place.

    Get more detailed insights about Industrial Networking Solutions Market Research Report – Forecast to 2032

    Regional Insights

    The North America, Europe, Asia-Pacific, South America, and the Middle East & Africa regions make up the global market for industrial networking systems. In 2021, North America held the top spot in the global market for industrial networking solutions. During the forecast period, Asia-Pacific is anticipated to develop at the fastest rate. During the forecast period, market share for industrial networking solutions is anticipated to place Europe in second place globally.

    Over the course of the forecast, the North American market is anticipated to dominate the global market for industrial networking solutions. This is explained by the growing use of agile networks, industrial Internet of Things (IIOT), and smart linked devices. Additionally, it is anticipated that the presence of major suppliers of industrial networking solutions along with early adoption of digital technologies will fuel the expansion of the North American industrial networking solutions market. The need for IoT sensors and linked devices is also predicted to expand, which will support the development of industrial networking solutions throughout the forecast period.

    The global market for industrial networking solutions is anticipated to be driven by rising cloud and mobile technology use.

    FIGURE 3: INDUSTRIAL NETWORKING SOLUTIONS MARKET SHARE BY REGION 2022 (%)

    INDUSTRIAL NETWORKING SOLUTIONS MARKET SHARE BY REGION 2022

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The North America, Europe, Asia-Pacific, South America, and the Middle East & Africa regions make up the global market for industrial networking systems. In 2021, North America held the top spot in the global market for industrial networking solutions. During the forecast period, Asia-Pacific is anticipated to develop at the fastest rate. During the forecast period, market share for industrial networking solutions is anticipated to place Europe in second place globally.

    Over the course of the forecast, the North American market is anticipated to dominate the global market for industrial networking solutions. This is explained by the growing use of agile networks, industrial Internet of Things (IIOT), and smart linked devices. Additionally, it is anticipated that the presence of major suppliers of industrial networking solutions along with early adoption of digital technologies will fuel the expansion of the North American industrial networking solutions market. The need for IoT sensors and linked devices is also predicted to expand, which will support the development of industrial networking solutions throughout the forecast period.

    The global market for industrial networking solutions is anticipated to be driven by rising cloud and mobile technology use.

    Key Companies in the Industrial Networking Solutions Market market include

    Industry Developments

    • Q2 2024: Siemens introduces comprehensive security testing suite for industrial networks Siemens launched a new security testing suite tailored for industrial networks, featuring an integrated software framework with a unified user interface. The suite provides solutions for asset detection, compliance assessments, malware detection, and vulnerability scanning.
    • Q2 2025: Annual HMS Networks report confirms growing dominance of Ethernet-based industrial networks HMS Networks' 2025 analysis revealed that Ethernet-based industrial networks now account for 76% of new nodes, up from 71% in 2024, indicating a significant shift in industrial networking technology adoption.

    Future Outlook

    Industrial Networking Solutions Market Future Outlook

    The Industrial Networking Solutions Market is poised for robust growth, driven by automation, IoT integration, and cybersecurity needs, achieving a 20.49% CAGR from 2024 to 2035.

    New opportunities lie in:

    • Develop advanced cybersecurity solutions tailored for industrial networks.
    • Invest in IoT-enabled devices to enhance real-time data analytics capabilities.
    • Create scalable networking solutions that support Industry 4.0 initiatives.

    By 2035, the market is expected to reach unprecedented levels, reflecting substantial technological advancements and increased adoption.

    Market Segmentation

    Industrial Networking Applications Outlook

    • Remote monitoring
    • Asset tracking and management
    • Supply chain management
    • Real time streaming and video
    • Emergency and incident management
    • Predictive maintenance

    Industrial Networking Solutions Regional Outlook

    • US
    • Canada
    • Mexico
    • Germany
    • France
    • UK
    • Rest of Europe
    • China
    • Japan
    • India
    • Rest of Asia-Pacific

    Industrial Networking Solutions Component Outlook

    • Technologies
    • Services

    Industrial Networking Solutions Deployment Outlook

    • Cloud
    • On Premises

    Industrial Networking Solutions Networking Outlook

    • Wireless networking
    • Wireline networking

    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) 22.6% (2022-2032)
    Base Year 2022
    Forecast Period 2022-2032
    Historical Data 2018-2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Deployment, Networking, Application and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled Siemens AG, Cisco Systems INC,Juniper Network, Dell Inc, Moxa inc, ABB, Eaton, Huawei Technologies co ltd, Rockwell Automation Inc, HP enterprise development LP  
    Key Market Opportunities ·       Emergence of industrial internet networking framework  
    Key Market Dynamics ·       Proliferation of wireless technologies and solutions among various industry verticals

    Market Highlights

    Author
    Ankit Gupta
    Senior Research Analyst

    Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

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    FAQs

    How much is the Industrial Networking Solutions market?

    USD 11.2 Billion in 2022

    What is the market size for 2032, for the Industrial Networking Solutions Market?

    USD 70.0 Billion in 2032

    What is the growth rate of the Industrial Networking Solutions market?

    22.6%

    Which region held the largest market share in the Industrial Networking Solutions market?

    North America

    Who are the prominent players in the Industrial Networking Solutions market?

    Siemens AG, Cisco Systems INC,Juniper Network, Dell Inc, Moxa inc, ABB, Eaton, Huawei Technologies co ltd, Rockwell Automation Inc, HP enterprise development LP

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