LONDON--(BUSINESS WIRE)--The industrial wireline networking market size is expected to post a CAGR of close to 13% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The increasing adoption of Industrial Internet of Things (IIoT) will be one of the major factors behind the industrial wireline networking market growth. The implementation of IIoT in an industrial plant enables physical devices that are embedded with sensors, software, and hardware to collect, analyze, and exchange data without the need for human intervention. Moreover, industrial ethernet offers a standard, converged network platform, which can fulfill such connectivity requirements and can be smoothly integrated with IoT as it provides high transmission speeds of up to 1 Gbps, making it the platform of choice as it leads to the development of smart factories.
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As per Technavio, the advent of Ethernet with TSN will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Industrial Wireline Networking Market: Advent of Ethernet with TSN
End-user industries such as automotive, industrial, and others use real-time communication with multiple network devices and will significantly benefit from the introduction of the time-sensitive networking (TSN) standard. In general, Ethernet with TSN add value to existing Ethernet mechanisms, specifically in the areas of Quality of Service (QoS), including bandwidth reservation, as well as synchronization, low latencies, and even seamless redundancy. TSN also eases the task of running multiple real-time-capable protocols, simultaneously, in a single network. A key value-addition that TSN brings to industrial applications is its ability to drive the unification of networks that were, out of necessity, separate in the past so that users can enjoy cost savings as well as performance improvements. Thus, with such advantages, the advent of ethernet with TSN will showcase a positive outlook during the forecast period.
“Other factors such as the Emergence of single-pair Ethernet cabling, and the introduction of smart factories will have a significant impact on the growth of the industrial wireline networking market value during the forecast period,” says a senior analyst at Technavio.
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Industrial Wireline Networking Market: Segmentation Analysis
This market research report segments the industrial wireline networking market by product solution (industrial Ethernet and Fieldbus) and geographical regions (North America, Europe, APAC, MEA, and South America).
The North American region led the industrial wireline networking market in 2018, followed by Europe, APAC, MEA, and South America respectively. The growth of the industrial wireline networking market share in North America can be attributed to the growth of end-user industries such as food and beverage, oil and gas, and automotive in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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