Press release
Industrial Ethernet & IP Market Revenue Share, Insights & Future Outlook
Industrial Ethernet & IP Market Size Set to Grow at 3.4% CAGR by 2030The global Industrial Ethernet & IP market was valued at US$ 566.7 million in 2023 and is anticipated to reach US$ 713.8 million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030.
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What Is Driving the Growth of the Industrial Ethernet & IP Market Worldwide?
Factors such as flexibility and high-speed performance, the implementation of IIoT (Industrial Internet of Things), and the increased penetration of ethernet networks in process industries are driving the market growth.
However, challenges such as the need for high network security, difficulty in transferring old systems to new protocols, and rigid standardization requirements are hindering wider adoption.
This report provides a comprehensive analysis of the global Industrial Ethernet & IP market, combining both quantitative and qualitative insights to help stakeholders develop growth strategies, assess market competition, and make informed business decisions.
How Are Factory Automation and Supervisory Control Transforming Industrial Connectivity?
Segment by Type
• Factory Automation - Increasing adoption in smart manufacturing environments to improve process efficiency.
• Supervisory Control - Rising usage in monitoring and managing industrial operations remotely.
Segment by Application
• Discrete Industries - Includes automotive, electronics, and machinery sectors utilizing Ethernet for precision control and faster data communication.
• Process Industries - Adoption in oil & gas, chemicals, and energy sectors for improved plant integration and real-time control.
Which Key Players Are Shaping the Future of the Industrial Ethernet & IP Market?
By Company
• Beckhoff - Specializes in advanced automation systems and open control technologies that enhance industrial communication efficiency.
• HMS - Offers reliable industrial information and communication solutions connecting automation devices and networks.
• Moxa - Known for providing innovative network infrastructure solutions ensuring secure and scalable industrial connectivity.
• Rockwell Automation - A leader in industrial automation and digital transformation technologies optimizing manufacturing performance.
• RTA (Real Time Automation) - Focused on developing protocol conversion and industrial networking solutions for seamless system integration.
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