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Industrial Communication Market 2018 - Global Forecast to 2023 - ResearchAndMarkets.com

December 3, 2018

DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Industrial Communication Market by Offering, Communication Protocol, End-Use Application and Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The industrial communication market is expected to reach USD 141.0 billion by 2023 from USD 83.2 billion in 2018, at a CAGR of 11.14% during 2018-2023.

The market is mainly driven by the adoption of Industrial Internet of Things (IIoT) and advancement in M2M communication technology for industrial networking.

The growth of Industry 4.0 practices in Europe and North America propels the implementation of industrial communication offerings.

Different standards adopted by various equipment manufacturers are hindering the data collection and information generating process, and acting as a major restraint for the industrial communication market.

Market Dynamics

Drivers

Growing Need for Scalable, Faster, Reliable, and Interoperable Communication Protocols Rise of Industrial Revolution 4.0 Increasing Machine-To-Machine Communication Government Initiatives to Support Industrial Automation

Restraints

Lack of Standardization Among Equipment Manufacturers

Opportunities

Growing Adoption of Industrial Internet of Things (IIoT) Rising Demand for Wireless Networks

Challenges

Threats Related to Cybersecurity Harsh Field Site Conditions Such as High-Voltage Transients, Severe Shocks and Vibrations, and Extremely High Temperatures

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industrial Communication Market, By Offering

7 Industrial Communication Market, By Communication Protocol

8 Industrial Communication Market, By End-Use Application

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

ABB Aaeon Advantech B&R Automation Belden Inc. Bosch Rexroth AG Cisco Systems Ericsson GE Grid Solutions, LLC Hans Turck GmbH & Co. Kg Hms Industrial Networks Honeywell Ifm Electronic GmbH Mitsubishi Electric Group Moxa Inc. Omron Rockwell Automation Schneider Electric Sick AG Siemens

For more information about this report visit https://www.researchandmarkets.com/research/k382tl/industrial?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005763/en/

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Related Topics:Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/03/2018 12:13 PM/DISC: 12/03/2018 12:13 PM

http://www.businesswire.com/news/home/20181203005763/en

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