The North America Industrial Networking Solutions (INS) Market would witness market growth of 18.8% CAGR during the forecast period (2023-2030).
Sustainable and green networking is a significant trend in the INS. Industries are increasingly focused on adopting eco-friendly networking solutions that minimize energy consumption, reduce carbon footprint, and align with sustainability goals. This trend reflects the growing awareness of environmental responsibility and the integration of green practices into industrial networking infrastructure. The global push towards Industry 4.0, characterized by integrating smart technologies, automation, and data-driven decision-making, is a significant driver for the industrial networking solutions (INS) market. Organizations across industries embrace digital transformation to enhance operational efficiency, reduce costs, and stay competitive in an increasingly connected global economy.
Furthermore, the demand for real-time data in industrial settings is a key factor propelling the adoption of INS. Industries seek to leverage instantaneous data insights for decision-making, process optimization, and predictive maintenance. The ability of INS to provide low-latency, high-throughput communication is paramount in meeting this demand for real-time data. The ongoing trend towards automation in industries, driven by the need for increased efficiency, precision, and reduced labor costs, is a major factor influencing the industrial networking solutions (INS) market. Automation relies heavily on seamless communication between interconnected devices, and INS plays a critical role in enabling the networking infrastructure necessary for automated processes.
The discrete industry in the US is witnessing a surge in automation and robotics to improve manufacturing processes. It enables the seamless integration of automated systems, robotics, and control systems, contributing to increased efficiency and precision in production. It contributes to efficient supply chain management in the US discrete industry. Connected systems enable real-time inventory tracking, enhance logistics, and improve supplier coordination. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Industrial Networking Solutions (INS) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $24,425.1 million by 2030. The Canada market is showcasing CAGR of 21.5% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 20.5% during (2023 - 2030).
Free Valuable Insights: The Industrial Networking Solutions (INS) Market is Predict to reach $101.2 Billion by 2030, at a CAGR of 19.7%
Based on Offering, the market is segmented into Services (Network Planning & Optimization, Network Auditing & Testing, Training & Education, Network Security, Support & Maintenance, Network Integration, Network Consulting, Network Orchestration, Others), and Technology (WLAN, SD-WAN, IIoT). Based on Industry, the market is segmented into Discrete (Machine Manufacturing, Automotive, Semiconductors & Electronics, Medical Devices, Others), and Process (Energy & Utilities, Chemicals & Materials, Food & Beverage, Water & Waste Management, & Others). Based on Application, the market is segmented into Predictive Maintenance, Emergency & Incident Management, Remote Monitoring, Supply Chain Management, Asset Tracking & Management, Real-Time Streaming & Video. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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