Industrial Networking Solutions Market worth USD 23.84 Billion in 2022
The industrial networking solutions market is gaining traction, owing to the rapid demand for Software Defined Wide Area Network (SDWAN) solutions and increase in need for predictive maintenance across various industry verticals. The major factors that boost the growth of the industrial networking solutions market are proliferation of wireless technologies for industry operations, and advent of data analytics and data processing. MarketsandMarkets estimates the industrial networking solutions market size to grow from USD 9.18 Billion in 2017 to USD 23.84 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period.
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