According to Market Research Future, the global
industrial wireless solution market is segmented into type, organization size,
verticals, and region.
The global industrial wireless solution market was
valued at USD 2.55 billion in 2017 and is expected to reach USD 9.35 billion by
the end of the forecast period with a CAGR of 25.0%
The industrial wireless solution is one of the trending
technological solution that enable enterprises to improve operational
efficiency and reduce on the infrastructural deployment cost. various
industries are identifying the need for automation and are approaching the
service providers to help transform from traditional network connectivity to
wireless-based network connectivity. This has helped many of the vendors to
gain additional productivity and operational efficiency
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By type, the market is segmented into wireless field
instruments, mobile computing devices, and wireless network. It has been
observed in the industries, that mobile computing devices play a major role
towards digitization. The trend of BYOD is expected to help mobile computing
devices to have the largest market share. However, the wireless network is
expected to grow with a highest CAGR during the forecast period.
By organization size, the market is segmented into
large enterprise and small and medium sized enterprises. Among the enterprises,
large enterprises possess the financial capabilities to upgrade their existing
network infrastructure to wireless based infrastructure. However, the adoption
rate of cloud services in small and medium enterprises is high, which makes it
the fastest growing segment.
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By vertical, the market is segmented into process
industry, and discrete industry. Process industry is further segmented into
energy and utilities, chemicals and materials, food & beverage, and others.
Discrete industry is further segmented into automotive, semiconductor & electronics,
medical devices, and transportation.
By region, the industrial wireless solution market is
segmented into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the industrial wireless solution
market are identified across all the major regions based on their country of
origin, presence across different regions, recent key developments, product
diversification, and industry expertise. Some of them are—Cisco Systems Inc
(US), Eaton Corporation PLC (Ireland), ABB Limited (Switzerland), Belden Inc
(US), Emerson Electric Company (US), Honeywell International Inc (US), Siemens
AG (Germany), Yokogawa Electric (Japan), AT&T (US), and Phoenix Contact
GmbH & Co (Germany)
Apart from the top key players, the other players
contribute nearly 30–35 % in the industrial wireless solution market. These
include DataGear Inc (US), Ruckus Networks (US), OleumTech (US), Molex, LLC
(US), General Electric (US), Neratec Solutions AG (Switzerland), Westermo
Network Technologies AB (Sweden), Wipro Ltd (India), Value Line Inc (US),
Cambium Networks, Ltd (US), Accenture PLC (US), Cognizant Technology Solutions
Corp (US), Maestro Wireless Solutions Limited (China), Fluidmesh Networks LLC
(US), Advantech Co., Ltd (Taiwan), HMS Industrial Networks (Sweden), and
others.
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