The Europe Industrial Networking Solutions (INS) Market would witness market growth of 19.3% CAGR during the forecast period (2023-2030).
INS contributes to the development of smart grids and intelligent energy management systems within the energy sector. These solutions enable real-time power distribution monitoring, facilitate grid automation, and enhance the integration of renewable energy sources. Adopting standardized communication protocols, like DNP3 and IEC 61850, ensures interoperability and reliability in energy infrastructure. In the realm of transportation, INS is instrumental in the development of intelligent transportation systems (ITS). These systems incorporate Vehicle-to-Everything (V2X) communication, ensuring seamless connectivity between vehicles, infrastructure, and traffic management systems. Such connectivity enhances traffic flow, reduces congestion, and improves transportation efficiency.
The healthcare industry benefits from INS by implementing connected medical devices, remote patient monitoring, and efficient healthcare IT infrastructure. It enables secure and reliable data transfer in healthcare settings, fostering the development of telemedicine, IoT-enabled medical devices, and advanced health informatics systems. The integration of 5G technology is a pivotal trend in the industrial networking solutions (INS) market, offering ultra-reliable, low-latency communication for industrial applications. The high data rates and low latency of 5G networks unlock new possibilities for real-time communication in industrial settings, supporting applications such as remote monitoring, augmented reality (AR), and autonomous machinery.
Implementing cyber-physical systems, where digital technologies interact with physical processes, is gaining momentum in the German chemicals and materials sector. Industrial networking solutions play a key role in supporting the connectivity and integration of these systems for improved efficiency. Germany's chemicals and materials sector requires flexible and scalable industrial networking solutions. These solutions accommodate the dynamic nature of manufacturing processes, allowing manufacturers to adapt to changing requirements and scale their networks as needed. Due to the aforementioned factors the market growth will drive in this region.
The Germany market dominated the Europe 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 $6,744.1 million by 2030. The UK market is exhibiting a CAGR of 18.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 20.1% during (2023 - 2030).
Free Valuable Insights: The Global Industrial Networking Solutions (INS) Market will Hit $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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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