An industrial network solution is the backbone of any automation system architecture as it provides powerful means of data exchange and data controllability and flexibility to connect various devices. Data communication refers to the transfer of information or data, mostly in digital format, from a transmitter to a receiver through a link connecting these two.
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Traditional communication networks are used to enable data communication between computers and other devices. These networks are used in the distribution of products, offer technical support, and provide IT services, which need wired and wireless networking system.
Rise in the growth of industrial IoT and proliferation of wireless technologies in industry operations are the major factors that drive the growth of the industrial networking solutions market. In addition, increase in demand for industrial ethernet & wireless technologies and increase in the advent of data analytics and data processing fuels the growth of the industrial networking solutions market growth.
However, data security and privacy concerns as well as data migration challenges hamper the growth of the market. Furthermore, widespread adoption of personal devices in the workplace and continuous increase in the number of IoT devices are anticipated to create major opportunities in the industrial networking solutions market.
By application, it is classified into remote monitoring, asset tracking & management, supply chain management, real-time streaming & video, emergency & incident management, and predictive maintenance. As per industry vertical, industrial networking solutions market is categorized into BFSI, retail & e-commerce, manufacturing, government & defense, energy & utilities, IT & telecom, education, healthcare, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the industrial networking solutions market analysis are Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Belden Incorporated, Eaton Corporation Inc., and Aruba Networks. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future industrial networking solutions market trends are outlined to determine the overall attractiveness of the market.
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