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Technavio’s market research analysts predict the global industrial routers market to grow steadily at a CAGR of around 9%. One of the primary drivers for this market is the exponential rise in the adoption of the internet of things (IoT) enabled devices. The incorporation of IoT in industries has created strong interconnectivity features in the manufacturing sector. It involves seamless connection of the entire production chain, from raw material supply and logistics to the delivery of finished products. In contrast to the present or traditional fixed programs, machinery and equipment will be empowered to self-enhance and optimize processes by analysis of real-time data and autonomous decisions, improving the overall productivity. This involves the use of individual sensors, actuators, control technologies, and safety systems. All functions are to converge on a high-performance server or cloud by incorporation of the industrial internet of things (IIoT), which will allow efficient management, optimal use of resources, and reduction of expenditure. Moreover, advantages such as increased speed with minimal effort, the capability of better decision making and incorporation of expert opinions, and significantly reduced harmful effects on the environment are expected to propel the growth of the global industrial routers market during the forecast period.
In terms of geography, EMEA accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. The development of the manufacturing industry and other new projects for the oil and gas industry is one of the major reason for the growth of the industrial router market in the region. Also, European vendors have invested in industrial resources, creating more durable and robust industrial routers with specific materials, enabling them to survive in harsh and demanding industrial environments. This growing necessity of secured and reliable transfer of industrial data is expected to augment growth in the industrial router market in the coming years.
The global industrial routers market is characterized by the presence of several international vendors holding a significant share of the global market. These leading vendors generate revenues through both direct and indirect sales to the end-users. The competition is currently getting intense among vendors regarding product features, price, customized solutions, and the services offered.
Leading vendors in the market are:
Other prominent vendors in the industrial routers market include Advantech, Dell, Ericsson, and HP.
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During 2016, the wired routers segment dominated the industrial routers market and accounted for a major part of the overall market share. The high popularity of wired routers in Industries such as food and beverages, transportation, and maritime for the operations that take place in remote locations is the key factor responsible for the dominance of this segment in the global market.
In this market study, analysts have estimated the discrete industry segment to dominate the industrial routers market during the forecast period. Discrete industries, such as automotive, semiconductor, electric and electronic devices, and aviation, prefer to use wired industrial routers. The high popularity of industrial routers in these sectors is one of the major contributors to the growth of this segment in the industrial router market. Also, the technological growth in the discrete industrial sector is providing better opportunities for industrial routers to penetrate various industrial functions.
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Related reports
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market segmentation by product type
PART 06: Market segmentation by end-user
PART 07: Geographic segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Competitive analysis
PART 14: Appendix
Tags: wireless router, computer network, automation industry, network automation, automation market study, industrial automation market outlook,
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