DUBLIN--(BUSINESS WIRE)--The "Industrial Wireless Solution Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Industrial Wireless Solution market is expected to witness moderate growth over the forecast period driven by various advantages it offers such as easy maintenance, control, and monitoring.
Owing to a significant return on investment and other several benefits, wireless sensor networks are rapidly replacing the wired sensor networks across different industry sectors.
The emerging trend of BYOD (Bring-Your-Own-Device) policy due to rising number of smartphone users is one of the key drivers of global industrial wireless solution market.
Growing need for automation in both process and discrete industries along with the falling prices of wireless sensors is further augmenting the demand for industrial wireless solutions over the forecast period.
A surge in demand for robotic automation across different industry sectors such as mining and chemical to maximize productivity, reduce human errors, and provide workers' safety will propel the industrial wireless solution market growth.
However, rising data and network security concerns and lack of awareness regarding the wireless solution offered by various vendors are some of the key challengess to the market growth during the forecast period.
Technological advancements to increase the security and growing need of smart factories in North America is boostng the demand for these solutions in the region.
APAC region is projected to witness the fastest regional market growth due to increasing industrial activities in the region. Furthermore, high investments in smart cities in emerging economies will boost the growth of APAC industrial wireless solution market.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Industrial Wireless Solutions Market by Solution Type
6. Industrial Wireless Solutions Market by Enterprise Size
7. Industrial Wireless Solutions Market by Industry
8. Industrial Wireless Solutions Market by Geography
9. Competitive Intelligence
10. Company Profiles
- Emerson Electric Company
- Honeywell International Inc.
- Siemens AG
- Yokogawa Electric
- Belden Inc.
- ABB Ltd.
- Cisco Systems Inc.
- Phoenix Contact GmbH & Co.
For more information about this report visit https://www.researchandmarkets.com/research/wx288h/global_industrial?w=4