Future Analysis For Industrial Networking Solutions Market Growth Forecast By 2020 – 2027
Industrial Networking Solutions Market Growth Scenario:
According to the newest report by Market Research
Future (MRFR), the global Industrial Networking Solutions Market Growth is slated to acquire a noteworthy market valuation at a steady CAGR
over the review period.
The crippling effect of the global COVID-19
pandemic has detained the growth potential of the Industrial Networking
Solutions Market Growth. This MRFR report on the Industrial Networking
Solutions Market Growth indicates
critical pointers that may emerge as growth hubs in the future. Moreover,
in-depth data analysis is estimated to offer a clearer growth perspective to
market participants.
Growing demand for SDWAN solutions is one of the
main factors driving the growth of Industrial Networking Solutions Market
Growth over the assessment period. Moreover, the increase in the adoption of
IIoT solutions for industrial work procedures is fuelling the growth of Industrial
Networking Solutions Market Growth in the coming years. However, concerns
regarding malware attacks, data theft, and ransomware are still restraining the
growth of the market for industrial networking solutions.
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Competitive Outlook:
key players identified by MRFR
are Cisco Systems Inc. (US), Siemens AG (Germany), Juniper Networks (US), Moxa
Inc. (US), Dell Inc. (US), ABB (Switzerland), Huawei Technologies Co. Ltd
(China), Eaton (Ireland), Rockwell Automation Inc. (US), Hewlett Packard
Enterprise Development LP (US), Sierra Wireless (Canada), Neteon Technologies
Inc. (US), Belden Inc. (US), ITM Communications Ltd (UK), Analog Devices Inc.
(US), Black Box Network Services (US), Yokogawa Electric Corporation (Japan),
MicroSystems (India), Extreme Networks (US), and CSG Networks Private Limited
(India).
Segmentation:
· The global industrial
networking solutions is segmented on the basis of component, technology,
deployment, industry verticals.
· By component, the Industrial
Networking Solutions Market Growth is segmented into hardware and service. The
hardware component is sub-segmented into routers & gateways, Ethernet
switches, cables, network security devices, and others. The service segment is
sub-segmented into network infrastructure design services, network access
services, network performance validation services, implementation services, and
network management & monitoring services.
· Based on the technology, the Industrial Networking
Solutions Market Growth is segmented into wireless local area network (WLAN),
software-defined extensive area network (SDWAN), and industrial Internet of
Things (IIoT).
· Based on the deployment, the
market for industrial networking solutions is segmented into on-premise and
on-cloud.
·
Based on the industry vertical, the market is
segmented into automotive & transportation, semiconductor, energy &
utilities, healthcare, chemicals & petrochemicals, and others.
Regional
Analysis:
Based on the
region, the global Industrial Networking Solutions Market Growth has been
segmented into Europe, Asia-Pacific, North America, and the rest of the world
(including Africa, the Middle East, and Latin America).
North American
region is likely to dominate the market for industrial networking solutions
over the forecast period and is projected to register a significant market
share. The developed countries of the North American region, such as US and
Canada, are expected to dominate the North American region owing to augmented
demand for SDWAN solutions by several end-use industries. This is driving the
usage and demand for industrial networking solutions in the region and is
likely to contribute considerably towards the market share over the review
period.
Asia-Pacific is
assessed as the fastest-growing region in the Industrial Networking Solutions
Market Growth over the review period, in terms of value and growth rate,
owing to rise in wireless technology in
industrial operations. Developing Countries like China, India, and Taiwan are
technologically enhancing and are witnessing increased adoption of IIoT
solutions for the growth of their industrial sector. Hence, enterprises in
these countries have a notable contribution to the growth of the Asia-Pacific
region over the review period.
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Table
of Contents:
1
Executive Summary
2
Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3
Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4
Market Landscape
Continued….
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