In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference.
The digital transformation during the COVID-19 pandemic has enhanced our dependency on advanced technologies such as Augmented Reality, Virtual Reality, and the Industrial Internet of Things. The unfulfilled financial targets are compelling the organizations to adopt automation and advanced technologies to stay ahead in the market competition. Businesses are utilizing this opportunity by identifying daily operational needs and inculcating automation in it to create a digital infrastructure for the long term.
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Industrial Network Distribution Solution Market: Overview
Now days various industries are rapidly connecting with advance internet technologies to easily accesses of all their installed machinery, control and monitoring systems to improve the productivity of their plants. Industrial network distribution generally comprises of industrial cabling, connectivity, and networking devices. Industrial Network Distribution Solution play vital role in monitoring high efficacy result through provide a wireless connection to machines and equipment.
Furthermore, significant buzz of booming internet technologies such as industrial of things (IIOT), industry 4.0, among others are also pushing to the industrial sector to connect with LAN or WAN based internet. Albeit, these technologies required a standard internet infrastructure for their sustainable growth. To do this, companies are strategically poised to sprawl rich stream of new data, real time visibility, etc. to provide remotely access for the machining operations. In addition, efficient connection with plant system and assets for improved access to new data gathering is making easy to predictive maintenance, asset tracking, real time quality detection, and safety enhancement.
The purview of industrial network distribution solution is not limited up to efficient machining operations but also it improve overall equipment effectiveness through better access to information from real time production systems in industrial areas. With a constant flow of data, industrial companies can develop more efficient way to connect worldwide customers, suppliers, and distributors in a quick time.
The rising nexus of internet technologies are expected to fillip the demand for industrial network distribution solution over the coming span of years.
Industrial Network Distribution Solution Market: Dynamics
Rapid advancement in the internet connection technologies with numerous end use industries such as industrial Ethernet (IE), machine-to-machine (M2M), and internet of thing (IOT) are creating new avenue for the industrial development in coming decades. Furthermore, new data and visibility are the vital key to the industrial sectors which is projected to unlock new business value in the global industrial network distribution solution market over the stipulated time period. Moreover, increasing number of quality control initiatives coupled with rising cognizant of internet technologies for machining operation are projected to zest the global value of industrial network distribution solution market over the coming decades.
However, high infrastructure cost, lack of trained personnel and IT resources are expected to hamper the growth industrial network distribution solution in medium to small scale industrial entities. In addition, lack of technology awareness and investments in numerous developing countries are considered as headwinds in the global industrial network distribution solution market.
Manufacturer are focused to make light weight, state-of-art internet devices & products in a bid to make its own aisle way in the competitive market. Moreover, players are also frequently upgrading the existing products in order to rising high speed internet technologies.
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Industrial Network Distribution Solution Market: Segmentation
By Product Type, Industrial Network Distribution Solution market can be segmented as:
- Physical Media
- Connecting Products
By networking type, Industrial Network Distribution Solution market can be segmented as:
- Wireless Networking
- Wireline Networking
By Industry Size, Industrial Network Distribution Solution market can be segmented as:
- Small size industry
- Medium size industry
- Large scale industry
By End users, Industrial Network Distribution Solution market can be segmented as:
- Banking, financial services and insurance (BFSI)
- Retail & E-Commerce
- General Manufacturing
- IT & Telecom
- Energy & Utilities
- Chemical & materials
- Water and waste water management
- Pulp & Paper
- Automotive & Transportation
Industrial Network Distribution Solution Market: Regional Outlook
Asia Pacific region is expected to gain significant cornerstone in the global industrial network distribution solution market owing to rising industrial automation in various end use industries like food and beverages, automotive, chemical industries, among others. North America is expected to grow with healthy growth rate in the industrial network distribution solution owing to companies for instance Ferguson, LLC,
Arrow Electronics, among other are significantly focused to install industrial automation technologies in their existing plants in order to improve the productivity and efficiency. Europe is likely to grow with addressable growth rate in the industrial network distribution solution market due to rising demand of wireless internet technologies which are utilizing in various sectors such as automotive, electrical and electronics, HVAC and plumbing over the coming decades.
Middle East & Africa is also stretching leg towards digital and wireless technology i.e. industry 4.0 with intent to connect oil and gas plats with Internet of Thing (IoT). This will create fresh business opportunity in the business of industrial network distribution solution over the coming time period.
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Industrial Network Distribution Solution Market: Key Participants
Some of the market participants in the Industrial Network Distribution Solution market identified across the value chain:
- Rockwell Automation, Inc.
- Belden Inc.
- Dell EMC
- Cisco System Inc.
- Eaton Corporation Inc.
- Sierra Wireless
- Moxa Inc.
- Veryx Technologies
- Juniper Networks Inc.
- Belden Incorporated
- Huawei Technologies Co. Ltd.
- Aruba Networks
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