Time-Sensitive Networking Market by Application and Geography - Forecast and Analysis 2020-2024

The time-sensitive networking market size has the potential to grow by USD 443.42 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 application (industrial automation, automotive, digital communication, power and energy, and others) and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Analog Devices Inc., Belden Inc., Broadcom Inc., Cisco Systems Inc., Intel Corp., NXP Semiconductors NV, Renesas Electronics Corp., Rockwell Automation Inc., Schneider Electric SE, and Xilinx Inc.

Market Overview

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Market Competitive Analysis

The market is fragmented. Since there are significant growth opportunities in this market, the competition will intensify with the entry of new vendors, technological innovations, and partnerships. Analog Devices Inc., Belden Inc., and Broadcom Inc. are some of the major market participants. Although the advent of integrated Industry 4.0 with IoT will offer immense growth opportunities, the high initial setup and implementation costs 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 time-sensitive networking 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 time-sensitive networking 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:

• Analog Devices Inc.
• Belden Inc.
• Broadcom Inc.
• Cisco Systems Inc.
• Intel Corp.
• NXP Semiconductors NV
• Renesas Electronics Corp.
• Rockwell Automation Inc.
• Schneider Electric SE
• Xilinx Inc.

Time-Sensitive Networking Market: Segmentation by Geography

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North America was the largest time-sensitive networking market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing adoption of secured cloud services and the high adoption of advanced technologies such as 5G and AGVs in various industries will significantly drive time-sensitive networking market growth in this region over the forecast period.

41% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for time-sensitive networking in North America. Market growth in this region will be faster than the growth of the market in other regions.

Time-Sensitive Networking Market: Segmentation by Application

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The demand for time-sensitive networking is expected to increase because of the recovering industrial activities and the rising production volumes in manufacturing industries. Industrial automation is booming in developed countries such as the US, Germany, Japan, and the UK, and the industries in these countries are increasingly adopting fully automatic and network-connected advanced machinery such as AGVs. Therefore, the time-sensitive networking market share growth by the industrial automation segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the time-sensitive networking market size.

Time-Sensitive Networking Market: Key Drivers and Trends

Industrial organizations are focusing on digital transformation and are adopting technologies such as blockchain, IoT, and supply chain analytics to increase their operational efficiency. Industries are also adopting new technologies such as Smart Contracts to facilitate smooth online transactions. Moreover, Industry 4.0 is also expected to transform end-user industrial process. With this digital transformation, the demand for time-sensitive networking is growing. Time-sensitive networking enables end-users to implement IoT solutions by connecting sensors and embedded devices that can access real-time data. Time-sensitive networking also helps end-users connect with suppliers and customers. With the rising focus on digital transformation, the need for time-sensitive networking will increase significantly over the forecast period.

• The advent of smart cities will be one of the crucial time-sensitive networking market trends influencing market growth.
• A large amount of data generated by smart cities requires time-sensitive networking for analysis to improve business quality and develop faster connectivity solutions.
• Many companies are installing time-sensitive networking in smart cities to increase networking speed and achieve asynchronous traffic shaping.
• As a result of such factors, the market will register a CAGR of over 39% during 2020-2024.

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Time-Sensitive Networking Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive time-sensitive networking market growth during the next five years
• Precise estimation of the time-sensitive networking market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the time-sensitive networking industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of time-sensitive networking market vendors

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