Industrial Networking Solutions Market Growth Forecast 2021-2027
Industrial Networking Solutions Market Scenario:
The crippling effect of the global COVID-19
pandemic has detained the growth potential of the Industrial Networking
Solutions Market. This MRFR report on the Industrial Networking Solutions Market Research
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.
According to the newest report by Market Research Future (MRFR), the
global Industrial
Networking Solutions Market Research is slated
to acquire a noteworthy market valuation at a steady CAGR over the review
period.
Growing demand for SDWAN solutions is one of the
main factors driving the growth of industrial networking solutions market 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 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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Segmentation:
· The global industrial
networking solutions is segmented on the basis of component, technology,
deployment, industry verticals.
· By component, the industrial
networking solutions market 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 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 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 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.
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).
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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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