Press release
IO-Link Market Outlook to 2027: Growth By Application, Technology Service, Industry Vertical and Top Players like Siemens AG, Balluff, ifm electronic, SICK AG, Rockwell Automation, Festo AG, OMRON Corporation
The IO-Link Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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Top Companies profiled in this report includes, Siemens AG, Balluff GmbH, ifm electronic gmbh, SICK AG, Rockwell Automation Inc., Festo AG & Co. KG., OMRON Corporation, Banner Engineering Corporation, Hans Turck GmbH & Co. KG, and Datalogic S.p.A. among others.
The growing focus on optimizing resources, increasing efficiency and reducing production costs, growth in digital industrial technology, government initiatives towards the adoption of industrial automation are the significant factors driving the growth of the market. Moreover, availability of cloud interface in IO-Link and launch of IO-link safety specification in 2017 is expected to provide significant opportunities for the IO-link market in the forecast period. However, lack of standardization and the usage limitations of IO-link's in high-speed applications is anticipated to hamper the growth of the IO-link market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global IO-link market based on the component, application, and industry. It also provides market size and forecast till 2027 for overall IO-link market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.
Report Objectives
• To define, describe, and forecast the global IO-Link market on the basis of type, product & service, cancer type, system, application, and region
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global IO-Link market
• To strategically analyze the micro-markets with respect to individual growth trends, future prospects, and contributions to the global market
• To analyze the opportunities in the global IO-Link market for key stakeholders and provide details of the competitive landscape for market leaders
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
• To profile the key players in the global IO-Link market and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions in the global market
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com
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