Industrial Modernization Projects Drive Industrial Networking Market in Growing Economies

New Research Available: The Global Market for Industrial Networking Infrastructure Components

Industry 4.0 makes it possible for industrial organizations to dramatically increase profitability by realizing unprecedented levels of production efficiency and flexibility, supply chain control, and worker safety. To attain these goals, however, operators must have secure, timely access to data that is accurate, relevant, and usable. Industrial networking infrastructure components are critical to meeting today’s intensifying connectivity requirements and are vital to any effort to increase not only visibility and connectivity on the factory floor but also the financial performance of the entire industrial enterprise.

Spending within this market―which covers more than a dozen industrial-grade wireless and wireline networking devices and interconnect products―is greatest in the Americas, as shown in the exhibit below. Investments in networking technologies within this region have been driven in large part by the rate at which industrial organizations have embraced digitization and the IIoT as compared to those in other world areas. Market growth will be uneven in the short term due to the staggered impact of the coronavirus in different world areas. The Asia-Pacific region will provide the greatest revenue growth for industrial networking component vendors over the next five years, as this area is slightly further along in the economic recovery timeline than the Americas or EMEA.