The industrial networking solutions market revenue stream has been estimated based on there venues generated by vendors (excluding hardware), offering networking solutions and associated services, inclusive of network auditing and testing, planning and optimization, orchestration, integration, security, provisioning, consulting, support and maintenance, and training and education services, offered by service providers, including Managed Service Providers (MSPs).
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The global industrial networking solutions market size is expected to grow from 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.
The key players in the Industrial Networking Solutions Market include – Huawei (China), Eaton (Ireland), Cisco (US), Dell EMC (US), Juniper Networks(US), Sierra Wireless (Canada), Aruba Networks (US), Veryx Technologies (US), ABB (Switzerland), Moxa (US), Belden (US), and Rockwell Automation (US).
The report includes an in-depth competitive analysis of the key players in the industrial networking solutions market along with their company profiles, recent developments, and key market strategies. The report segments the industrial networking solutions market by component (technology and services), application, deployment, vertical, and region.
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The global industrial networking solutions market size is expected to grow from 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. The growing need for predictive maintenance, proliferation of wireless technologies in industry operations, and advent of data analytics and data processing are some of the factors driving the industrial networking solutions market.
In addition, continuous increase in the number of IoT devices is one of the biggest and most important factors resulting in the market growth. However, data security and privacy concerns restrain the market growth.
Software-Defined Wide Area Network (SDWAN) is a replacement for the traditional routers; it provides a dynamic and policy-based application path for business functions. SDWAN uses cloud-based software and technologies to enhance and optimize the delivery of the Wide Area Network (WAN) services to the remote offices of an enterprise.
Moreover, SDWAN is an emerging technology, which revolutionizes networking and makes it faster and more reliable and manageable. The technology enables administrators to manage networks in more agile fashion by controlling them with software-defined functions.
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