The Industrial Networking Solutions Market is expected to register a CAGR of 20.34% over the forecast period from 2020 to 2025. Multiple industries are seeking to drive operational improvements into their assets and production systems with the help of convergence and digitization by utilizing the new solutions in the Industrial Internet of Things (IIoT) and Industry 4.0. However, these initiatives have the requirement to securely connect the production environments with standard networking technologies to allow industries and their key partners access to a rich stream of new data, real-time visibility, and remote access to the systems and assets in the operational environments. This is the right time for Industry 4.0 since many industrial applications and digitalization efforts can benefit today from LTE/4G; besides, it is a vital step to promote the adoption of cellular technology at industrial verticals and lay the foundation for future advanced networking use cases.
– The industrial ecosystem is moving away from Fieldbus technologies based on proprietary networks for communication protocols over standard networking such as Ethernet, 802.11-based Wi-Fi, and the portfolio of I.P. protocols (for example, TCP and UDP).
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Key Market Trends
Manufacturing is Expected to Hold Significant Share
– Manufacturing undergoes improvement and optimization programs throughout the lifecycle of the products being manufactured. The trend is that the process improvements need to be performed quite frequently and nearly continuously in some cases. More and more IIoT sensors are being added to the existing operations to achieve more efficient process improvement. For instance, the U.S. Food and Drug Administration (FDA) has guided manufacturers to adopt a risk-based approach to meeting product quality and regulatory requirements through Process Analytic Technology (PAT). A core part of PAT is continuous inline monitoring of the process that engages in transforming the raw materials into end products. This monitoring technique requires additional instruments and sensors for the process, and the new sensors will require industrial networks to communicate with the control systems.
Asia Pacific is Expected to Witness Fastest Growth
– Asia-Pacific is expected to witness the fastest growth during the forecast period, owing to the rapid development of the network infrastructure. Moreover, this region has seen robust initiatives to upsurge the industrial networking infrastructure in different countries. Backed by positive and proactive government support, China is betting big on the IIoT and, being one of the world’s largest economies, operators as well as other vendors in the ecosystem, are helping to accelerate the delivery of compelling and secure industrial networking solutions including Low Power Wide Area networks, such as NB-IoT and LTE-M, which are helping to usher in innovative new services across China.
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