According to the new market research
report "Industrial Networking Solutions Market by
Technology (SDWAN, WLAN, & IIoT), Service (Network Planning & Optimization,
& Integration), Application (Predictive Maintenance, & Emergency &
Incident Management), Vertical, and Region - Global Forecast to 2022", The
industrial networking solutions market size is expected to grow USD 9.18
Billion in 2017 to USD 23.84 Billion by 2022, at a Compound Annual Growth Rate
(CAGR) of 21.0% during the forecast period (2017–2022).
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The
major factors that are expected to drive the growth of the industrial networking
solutions market include the growth in need for predictive maintenance and
proliferation of wireless technologies in industry operations. In addition,
advent of data analytics and data processing, and increase in demand for
Software-Defined Wide-Area Network (SDWAN) solutions are some of the factors
that are expected to drive the market growth.
The technology segment is expected to be
the fastest-growing component in the industrial networking solutions market
during the forecast period
The
wireless technologies, such as SDWAN, LoRa, SigFox, and Wireless Local Area
Network (WLAN), have helped industrial organizations to simplify their network
infrastructure by enabling multiple computer users to simultaneously share
resources on the plant floor or at an operation center, without additional
intrusive hardware specification. These technologies do not require laying
wires, drilling into walls, or stringing Ethernet cables in a manufacturing
plant building or office.
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in-depth TOC on "Industrial
Networking Solutions Market"
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The network planning and optimization segment is expected to hold the
largest market share in the industrial networking solutions market during the
forecast period
Network
planning and optimization help enhance the performance of network
infrastructure for the advancement of network availability and secured data
flow. Network planning majorly deals with traffic forecasting and capacity
planning to stabilize the network’s performance. In addition, it helps develop
network strategies and action plans to achieve business-specific goals, and
provide timely inputs during the designing and architecting phase of the
network.
North America is expected to have the largest market share in the
industrial networking solutions market during the forecast period
North America is one of the largest contributors to
the industrial networking solutions market due to its dominance with
sustainable and well-established economies, empowering it to invest in Research
and Development (R&D) activities strongly. Owing to the early adoption of
new technologies, such as SDWAN, Industrial Internet of Things (IIoT), and
WLAN, the North American organizations would integrate industry-grade
networking solutions to enhance their networking ecosystem. Various
stakeholders in this market, such as industrial networking solution providers,
Managed Service Provider (MSPs), technology consultants, and network operators,
have partnered with major players for the advancement of organizations’
networking ecosystem in this region. For instance, Sierra Wireless partnered
with T-Mobile, one of the leading network operators in North America. Further,
under this partnership, T-Mobile integrated Sierra’s embedded modules on its
network to transform Internet of Things (IoT) applications by enabling lower
costs, longer battery life, and superior network coverage.
Some of the major vendors
in the industrial networking solutions market include as Cisco (US), Dell EMC
(US), Juniper Networks (US), Sierra Wireless (Canada), Aruba Networks (US),
Veryx Technologies (US), Moxa (US), Belden (US), and Rockwell Automation (US).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-networking-solutions-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-networking-solutions-market.asp
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