Industrial Communication Market by Protocol and Geography - Forecast and Analysis 2021-2025
- Published: Sep 2021
- Pages: 120
- SKU: IRTNTR43102
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The industrial communication market has the potential to grow by USD 65.07 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.02%.
This industrial communication market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by protocol (Fieldbus, industrial Ethernet, and wireless) and geography (APAC, North America, Europe, South America, and MEA). The industrial communication market report also offers information on several market vendors, including ABB Ltd., Advantech Co. Ltd., Cisco Systems Inc., Emerson Electric Co., General Electric Co., National Instruments Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Texas Instruments Inc. among others.
What will the Industrial Communication Market Size be in 2021?
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Industrial Communication Market: Key Drivers and Trends
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising adoption of IIoT technology is notably driving the industrial communication market growth, although factors such as lack of determinism in industrial communication networks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial communication industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This industrial communication market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Industrial Communication Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ABB Ltd.
- Advantech Co. Ltd.
- Cisco Systems Inc.
- Emerson Electric Co.
- General Electric Co.
- National Instruments Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Texas Instruments Inc.
This statistical study of the industrial communication market encompasses successful business strategies deployed by the key vendors. The industrial communication market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial communication market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Industrial Communication Market?
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45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial communication in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The rise in investments in the power, chemical, and petrochemical industries will facilitate the industrial communication market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Protocol Segments in the Industrial Communication Market?
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The industrial communication market share growth by the Fieldbus segment will be significant during the forecast period. Fieldbus is a network system for industries utilized for real-time distributed control. It is a way of connecting instruments in a manufacturing plant.
This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial communication market size and actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Industrial Communication Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive industrial communication market growth during the next five years
- Precise estimation of the industrial communication market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial communication industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial communication market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Rising adoption of IIoT technology
- Growing focus on reducing carbon footprint
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