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What’s Driving the Industrial Ethernet Market Trends? | Global Players are Rockwell Automation, Siemens, ABB, ACS Motion Control, ADVANCED Motion Controls, B&R Industrial Automation, Beckhoff Automation
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A highly pivotal space of the smart technology vertical, industrial ethernet market has garnered commendable acclaim in the last few years. Industrial ethernet protocols are known to establish a flexible, scalable, and ubiquitous network that conveniently connects components as and when required.
Industrial Ethernet Market in service segment is projected to exhibit the fastest growth between 2019 and 2025, reporting a CAGR of over 20% owing to the need for effective installation, testing, and maintenance of the network infrastructure to ensure long-term stability. The software solution segment is estimated to grow at a significant CAGR over the forecast timeline owing to its capability to enable network management through the monitoring of industrial Ethernet networks with a varying number of nodes.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cisco
2. ABB
3. Beckhoff Automation
4. Belden Inc.
5. Bosch Rexroth
6. Honeywell
7. MOXA
8. Parker Hannifin
9. Rockwell Automation
10. Siemens
11. Schneider Electric
12. B&R Industrial Automation
Chapter 3. Industrial Ethernet market Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape
3.4. Industrial Ethernet features
3.4.1. Increased distance
3.4.2. Network security
3.4.3. Broadcast and Multicast
3.4.4. Standardization
3.5. Industry ecosystem analysis
3.6. Industrial ethernet technology evolution
3.7. Regulatory landscape
3.7.1. International Electrotechnical Commission (IEC)
3.7.2. UL mark
3.7.3. IEEE 802 Wireless Standards
3.7.4. EN 50575 Standard (Europe)
3.7.5. China Compulsory Certification (CCC) marking
3.8. Technology and innovation landscape
3.8.1. Industrial Internet of Things (IIoT)
3.8.2. Powered fiber cable system
3.8.3. Artificial Intelligence (AI)
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Need to improve network flexibility
3.9.1.2. Increasing adoption of advanced industrial ethernet protocols
3.9.1.3. Increasing infrastructure spending
3.9.1.4. Growing adoption in the automotive industry
3.9.2. Industry pitfalls & challenges
3.9.2.1. Rigid protocols and standardization
3.9.2.2. Concern related to network security
3.10. Porter's analysis
3.11. PESTEL analysis
3.12. Growth potential analysis
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The demand for this software is exponentially high among myriad end-use sectors on account of the rising expenditure on infrastructure and the increasing requirement to enhance performance and network flexibility. Indeed, companies have even been upgrading their already existing Ethernet protocols for performance improvisation, strengthening their stance in industrial ethernet market.
Industrial Ethernet market has essentially risen to prominence due to the extensive integration of IoT in numerous fields. Technically, industrial ethernet is an improvement over the traditional ethernet in terms of the use of rugged cables and connectors and better determinism. Enhanced determinism in fact, is one of the major factors that is expected to drive industrial ethernet industry as industrial environments have a key requirement for determinism.
Browse key industry insights spread across 311 pages with 382 market data tables & 35 figures & charts from the report, “Industrial Ethernet Market Size By Component (Hardware [Switches, Hubs, Router & Gateways, Connectors, Communication Interface, Controller & Processors], Software, Service [Integration & Testing Service, Maintenance Service]) By Protocol (Ethernet TCP/IP, Gigabit, PROFINET, Modbus TCP/IP, Powerlink, EtherCAT, Sercos III, HSE), By Application (Automotive & Transport, Aerospace & Defense, Electrical & Electronics, Oil & Gas, Energy & Power, Chemical), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia & New Zealand, China, India, Japan, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-ethernet-market
Asia Pacific is growing at the highest CAGR in the industrial ethernet market due to the rapid growth of manufacturing automation applications in the region supported by Industry 4.0. The supportive government initiatives & policies for driving the adoption of industrial automation among the manufacturing and automotive industries are also estimated to have a significant impact on market growth over the forecast timeline.
The competitive spectrum of industrial ethernet industry comprises a host of biggies such as Honeywell, Cisco, ABB, Siemens, Schneider, and the like. These companies have been striving to enhance the scope of industrial ethernet market via tried-and-tested growth tactics such as establishing partnerships with automation solution vendors. As the demand for automated and smart solutions increases, industrial ethernet industry is expected to chart out a highly lucrative growth map over 2019-2025.
Top key players operating in the Industrial Ethernet market are, ABB, ACS Motion Control, ADVANCED Motion Controls, B&R Industrial Automation, Beckhoff Automation, Belden Inc., Bosch Rexroth, Cisco, Eaton, Honeywell, Innovasic Semiconductor, MOXA, Omron Industrial Automation Europe, Parker Hannifin, Rockwell Automation, Siemens, Schneider Electric, Yaskawa America, Inc. - Drives & Motion Division. As the demand for automated and smart solutions increases, industrial ethernet industry is set to exceed USD 70 billion by 2025
Browse Related Report: https://www.openpr.com/news/1778425/What-s-Driving-the-Chatbot-Market-Growth-Key-Players-are-Microsoft-Nuance-Communications-LivePerson-Slack-SRI-International-Astute-Solutions-Bold360-Facebook-Google-Haptik-Helpshift-IBM-Kiwi-Inc.html
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