by Industrial networking solutions are networking and connectivity technologies used to securely connect industrial control systems, assets, and equipment within facilities and across enterprises, enabling intelligent machine-to-machine communication. Industrial networking solutions include routers, Ethernet switches, wireless access points, gateways, firewalls and other network infrastructure designed for mission-critical industrial environments. These solutions help improve productivity, optimize asset utilization and reduce operational costs for various industries such as manufacturing, oil & gas, mining, utilities among others.
The Global Industrial Networking Solution Market is estimated to be valued at US$ 30.23 Bn in 2024 and is expected to exhibit a CAGR of 20.3% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Industrial Networking Solution market are Aruba Networks, Belden Inc., Cisco Systems, Inc., Dell Technologies, Eaton Corporation plc, Huawei Technologies Co., Ltd., Juniper Networks, Nokia, Rockwell Automation, Schneider Electric, Siemens AG, Sierra Wireless, Telit, Texas Instruments, and Wind River. Key players are focused on developing advanced industrial network infrastructure products and solutions to support newer technologies like Industry 4.0, IIoT, and digital transformation across industries.
The growing adoption of Industry 4.0 technologies, IIoT, cloud and edge computing across industries is driving Industrial Networking Solution Market Demand for advanced and connectivity solutions. Modern manufacturing facilities are implementing robust networking platforms to connect sensors, controllers, intelligent equipment and other smart devices for predictive maintenance, remote monitoring and analytics.
Global expansion of key industrial networking players complemented by increasing network infrastructure investments in Asia Pacific and Middle East countries is expected to boost the industrial networking solutions market growth during the forecast period. Countries like China, India, South Korea, Germany are at the forefront of industrial transformation through adoption of newer technologies.
Market Key Trends
One of the key trends shaping the industrial networking solution market is the rise of industry 4.0 networking technologies. Industry 4.0 networking standards such as PROFINET, EtherCAT, POWERLINK are enabling secure, reliable and real-time connectivity between equipment, machines, tools and people. These advanced networking technologies allow for intelligent equipment networking, wireless connectivity, mobility, cloud integration, predictive maintenance capabilities. They are revolutionizing shop floors by facilitating highly automated and optimized industrial operations. This trend is expected to accelerate the demand for specific industry 4.0 compatible networking platforms and solutions from industrial players.
Porter’s Analysis
Threat of new entrants: Low requirement of capital expenditure and technical expertise by new players is a threat. However, presence of established vendors and need for specialized Industrial Networking Solution Market Analysis act as a barrier.
Bargaining power of buyers: Large industrial buyers have high bargaining power due to bulk buying. They can negotiate on price and demand additional services.
Bargaining power of suppliers: Major suppliers include chipset manufacturers, hardware OEMs and software developers. Suppliers have moderate bargaining power due to differentiated offerings and technologies.
Threat of new substitutes: Edge computing, private 5G networks and Industry 4.0 technologies can potentially substitute traditional industrial networking solutions over the long run.
Competitive rivalry: The market has presence of many global and local players offering customized solutions. Players compete based on product features, reliability, security and pricing resulting in low profit margins.
Geographical Regions
North America is currently the largest market for industrial networking solutions, accounting for over 35% of the global market value in 2024 due to early adoption across industries.
The Asia Pacific region is expected to witness the fastest growth during the forecast period. This is attributed to ongoing industrialization and manufacturing hub shift from developed regions coupled with government initiatives to boost ‘Made in China 2025’ and ‘Make in India’ programs. Countries like China, India, Japan and South Korea are emerging as high growth territories.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Vaagisha Singh
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn
