Industrial Networking Solutions Market Size, Share and Share
Pune, India, May 20, 2022 (GLOBE NEWSWIRE) — The global industrial networking solutions market size is expected to grow rapidly in the foreseeable future, driven by research demand for streamlined operations in IT service delivery. This information is published by Fortune Business Insights in its report, titled “Industrial Networking Solutions Market Share, 2022-2029“. Rising demand for software-defined wide area networks and predictive maintenance is driving the product sales. Additionally, growing demand for wireless technology in the industrial sector and corporate world is driving the growth of the market. In addition to this , multiple data analysis tools and data processing drives product development.
- April 2020: ZTE Corporation said the deployment of single central router servers and network clusters for China Telecom in Liaoning Province, Ganzhou and Jinzhou. The entire network was efficiently maintained and stabilized using patented devices from ZTE Corporation.
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Drivers and Constraints
Increase adoption of automation to drive revenue
Rising demand for automation in various industries is facilitating the growth of the industrial networking solutions market. The product is increasingly being used for automation with the increase in the number of connected devices in use and multiple industries. For example, in 2019, Nokia Corporation and Hitachi Kokusai Electric partnered to provide a solution that facilitated the deployment of advanced digital automation services.
Additionally, the increasing use of personal devices and bring your own device policies create a lucrative growth opportunity for the product. Moreover, coupled with this, the demand for wireless technology in industrial processes is facilitating the growth.
Widespread demand in North America due to high Agile network usage
North America is expected to dominate the industrial networking solutions market share for the foreseeable future. This is due to the increasing adoption of smart connected devices and agile network in industries. Moreover, the extensive use of cloud and mobile technology is also driving product sales.
Asia-Pacific is expected to experience rapid growth in the coming years. This is due to the rapid industrialization of the region. Additionally, the adoption of high-end technologies by countries like China and Japan is expected to boost the market. For example, in 2019 the government of Japan introduced 5G spectrum.
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By component, the industrial networking solutions market is trifurcated into hardware, software and services. Based on deployment, the market is divided into on-premises and cloud-based. By industry, the market is divided into BFSI, IT & Telecom, Automotive, Transportation & Logistics, Manufacturing, Consumer Electronics, and Others. Based on geography, the market is divided into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
What does the report contain?
The Industrial Networking Solutions Market report contains details about all the latest technologies available in the Industrial Networking Solutions industry. The technological advancements being made in the industry were highlighted and the potential opportunities associated with it. The report establishes the market challenges and offers different solutions. It also mentions the growth-enhancing factors, restraints, consumption pattern, distribution channels, and all other vital information associated with the market.
Impact of COVID-19
Trend of working from home to increase product demand
The coronavirus infection has led to an increasing demand for industrial networking solutions. A significant portion of the workforce had to switch to working from home rather than in the office, which also created a substantial demand for the product to create an efficient method of information management. The online retail industry has also seen a significant increase in website traffic as most retail stores had to be closed or were only open for a limited time. The high generation of data during the pandemic has resulted in a commensurate demand for the product for the proper functioning of various industries.
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Technological advancement by market leaders to facilitate growth
The competitive landscape of Industrial Networking Solutions sheds light on us with details about the major players operating in this industry. The technological advancements of major players are being researched to gain traction in the market. Several market giants are also collaborating on production facilities to expand their business horizons. Some companies also use awareness campaigns to strategically introduce their products to regions with little awareness to broaden their horizons. Several other strategic collaborations, acquisitions, partnerships, product launches, technological advancements and others are spread over the market horizon of this product.
Companies Featured in the Industrial Networking Solutions Market:
- Juniper Networks
- Huawei Technologies Co., Ltd.
- sierra wireless
- Cisco Systems
- Rockwell Automation
- Veryx Technologies
- Belden Inc.
- Moxa, Inc.
Pre-booking – Industrial Networking Solutions Market:
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