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The managed industrial ethernet switches market size has the potential to grow by USD 688.31 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (discrete industry and process industry) and geography (Europe, North America, APAC, South America, and MEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including ABB Ltd., Advantech Co. Ltd., Beckhoff Automation GmbH & Co. KG, Belden Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and TE Connectivity Ltd.
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The market is fragmented and it is expected for more players to enter the market during the forecast period. The vendors mainly focus on the Americas as industries in this region adhere to the instrumentation services schedule. However, during the forecast period, major vendors will be focusing on APAC, as it will witness a rapid growth of industrialization and impact the industrial communication network. ABB Ltd., Advantech Co. Ltd., and Beckhoff Automation GmbH & Co. KG are some of the major market participants.
Market drivers such as the need for network traffic management will offer immense growth opportunities. However, factors such as the increase in preference for WLAN solutions will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this managed industrial ethernet switches market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this managed industrial ethernet switches market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
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Europe was the largest managed industrial ethernet switches market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the rising demand for robots and smart factories will significantly drive managed industrial ethernet switches market growth in this region over the forecast period.
34% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for managed industrial ethernet switches in Europe. Market growth in this region will be slower than the growth of the market in North America and APAC.
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Automotive industry Industries such as automotive have adopted automation solutions such as PLCs, industrial PCs, and robotics on a wide scale to meet high customer demand. Any breakdown in the communication network along these highly automated lines can disrupt manufacturing processes, leading to heavy losses. Industrial protocols like EtherCAT, Ethernet/IP, and PROFINET are being adopted on a wide scale to support and control automation solutions and prevent breakdowns. Managed industrial Ethernet switches are hardware components that ensure frame transfer and prioritization of data in the network. Earlier, unmanaged industrial Ethernet switches were used because of durability and low costs. However, managed industrial Ethernet switches are now preferred over unmanaged industrial Ethernet switches in this industry due to their ability to support multiple Ethernet devices simultaneously, a higher level of security, and easy customization.
Therefore, the managed industrial ethernet switches market share growth by the discrete industry segment will be faster than the growth of the market by the process industry segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the managed industrial ethernet switches market size.
Technavio's market research analysts predict that the global managed industrial Ethernet switches market will grow steadily during the forecast period and post a CAGR of almost 11% by 2024. This industry research report identifies the growing need for network traffic management as one of the major factors that will have a positive impact on the growth of this market in the coming years. The increased implementation of automation solutions will result in creating the need to address network traffic in a process line. This will lead to the adoption of managed Ethernet switches for prioritizing network traffic and transfer of data as per the process requirement.
One of the major managed industrial Ethernet switches market trends that will gain traction is the emergence of Power over Ethernet (PoE) switches. In addition to allowing users to power devices over Ethernet cabling, PoE also offers the potential for an economical standard based on a high-performance industrial network. This will reduce the amount of cabling required in a network and will also aid in the transition to Ethernet-based control systems in industries.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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