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Industrial Networking Solutions Market Size

ID: MRFR//4910-CR | 188 Pages | Author: Ankit Gupta| March 2024

It's important for more and more business systems to work well together because it helps the business grow. Now more than ever, businesses that want to use robots and Industry 4.0 need to link up better. They buy cutting edge industrial networking solutions because they want to be busier, have less downtime, and run their businesses better.
Technology needs to get better when business changes. Standards for talking to each other are always getting better, like Modbus TCP, Ethernet/IP, and PROFINET. This makes it easy to use and better for all the different kinds of business networking. Items can now talk to each other more easily and safely thanks to new technologies like 5G. This is making the market grow even faster. Wireless transmission makes it easy for devices to connect to each other and share info in real time in commercial settings.
Fear of hacking is another big issue in the market. Hackers are targeting industrial systems more and more, so it's important to make sure that the ways to connect them are safe and effective. They want solutions that make it easy to get in touch and also have strong security features to keep private information safe and stop people from getting in without permission. Businesses are more likely to use advanced networking solutions that put safety and data security first now that they know how dangerous hackers can be.
Laws and rules also change the way the market works. Industry networks have to follow strict rules set by the government and governing groups to make sure they are safe and work well. Groups like the International Society of Automation (ISA-95) and the International Electrotechnical Commission (IEC 62443) have rules that businesses must follow if they want to use industrial networking options. Not only does following these rules make sure that the solutions are good, but it also helps end users understand that the industrial networks are safe and always work.
With tech always getting better, business changes all the time. The Industrial Networking Solutions (INS) market is the place to be for this change to take place. It's an area that is always changing and is where the nerves of modern plants and companies meet. Because businesses change all the time in the 21st century, people who want to make it need to know how the markets work in this area.
This rise is due to a constant need for automation, the expansion of the Industrial Internet of Things (IIoT), and a greater focus on safety and efficiency in operations. Networks need to be strong, safe, and effective so that tools, gadgets, and people can join together as they get better.
INS uses a great deal of brand-new tech. Since Wi-Fi 6 and 5G came out, data is no longer tied to phone lines. In real time, this means that anyone in a building can watch and control things. Systems that use software-defined networking (SDN) can change and adapt more quickly to meet the needs of a business. Intelligent computing is moving closer to where the data is coming from with industrial edge computing. This lets you plan repairs ahead of time and make choices more quickly. These new technologies aren't just passing trends in the INS market; they're what keep it going.
There should be many market groups because each business is unique. When things get tough in the oil and gas business, you need to give tough replies. In the car business, speed and safety are important for linked cars. Data safety needs to be very strict in healthcare centers, and networks in smart cities need to be able to adapt to all the tools they connect. That way, sellers can find their market and make their things fit what people want.

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2022 USD 11.2 Billion
Market Size Value In 2023 USD 13.7 Billion
Growth Rate 22.60% (2023-2032)
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