The global industrial networking solutions market is expected to grow at a significant CAGR of nearly 21.0% during the forecast period (2024-2031). The major factors propelling the growth of the market include the emergence of industrial IoT and Industry 4.0. Additionally, the adoption of emerging technologies such as cloud computing and 5G networks will propel the growth of the market. With the advent of new technologies and digital transformation, the industrial environment has seen substantial changes over the previous decade.
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Some crucial players in the market are strengthening their market presence by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements. For instance, in January 2020, NXP Semiconductors N.V. introduced a multi-gigabit Ethernet switch for automobiles to offer the high-speed networks needed for connected vehicles to evolve. The NXP SJA1110 is one of the first automotive Ethernet switches with built-in safety features, including multi-gigabit connections and integrated hardware-assisted security. The SJA1110 switch is part of an integrated networking solution that includes the VR5510 power management I.C. and is optimized for interaction with NXP’s S32G vehicle network processor.
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Market Coverage
- Segment Covered-
o By Component
o By Technology
o By Application Area
o By Deployment
o By Vertical
o By Networking Type
- Competitive Landscape- Huawei, Eaton, Cisco, Dell EMC, Juniper Networks, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Industrial Networking Solutions Market – Segmentation
By Component
- Technologies
- Services
By Technology
- WLAN
- SDWAN
- IIoT
By Application Area
- Remote Monitoring
- Asset Tracking and Management
- Supply Chain Management
- Real-Time Streaming and Video
- Emergency And Incident Management
- Predictive Maintenance
By Deployment
- Cloud
- On-Premises
By Vertical
- Discrete Industry
- Automotive
- Machine manufacturing
- Semiconductor and electronics
- Medical devices
- Logistics and transportation
- Process Industry
- Energy and utilities
- Chemicals and materials
- Food and beverage
- Water and waste management
- Others (pharmaceutical, mining and metals, and pulp and paper)
By Networking Type
- Wireless Networking
- Wireline Networking
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