RoboInd market brief: Industrial Networking Solutions Market is drawing attention as manufacturers and technology users invest in automation, productivity and more intelligent operations. Share
Market snapshot
What is changing
Share
Applications and segments
title_en: By Component; body_en: Hardware; Software; Services; items_en: Hardware; Software; Services; title_en: By Connectivity; body_en: Wired; Wireless; items_en: Wired; Wireless; title_en: By Application; body_en: Industrial Ethernet; Fieldbus networks; Industrial wireless; Cloud & edge computing; items_en: Industrial Ethernet; Fieldbus networks; Industrial wireless; Cloud & edge computing; title_en: By Industry; body_en: Manufacturing; Automotive; BFSI; Oil & gas; Utilities; Transportation.
Regional direction
title_en: Industrial Networking Solutions Market Analysis; body_en: Based on the component, the hardware segment held over 40% of the market share in 2023. The increasing need for industrial ethernet switches to bolster operational resilience is contributing to growth in the hardware segment of the market. These switches enable robust communication and data exchange in industrial environments, enhancing system reliability and uptime. For instance, in April 2022, Moxa Inc., an expert in industrial communications and networking, unveiled its latest innovation: the EDS-4000/G4000 Series of industrial Ethernet switches. With a total of 68.
Competitive landscape
Public market coverage identifies participants including Belden Inc, Cisco Systems, Inc, Eaton Corporation, Emerson Electric Co, Honeywell International Inc, Huawei Technologies Co, Ltd, Mitsubishi Electric Corporation, Schneider Electric, Siemens AG are some of the major industrial networking solutions companies worldwide. These names indicate activity across the value chain and should not be read as a uniform ranking.
Market outlook
Growth will depend on the conversion of technical capability into repeatable deployments, measurable productivity gains and maintainable operating economics. Buyers are likely to weigh integration, workforce readiness, interoperability and lifecycle support alongside equipment performance.
Market reading: Figures are presented within their stated market definition and forecast window. They should not be combined with figures from other definitions without normalization.