Industrial Communication Market 2018 - Global Forecast to 2023 - ResearchAndMarkets.com
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.
DriversGrowing 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
RestraintsLack of Standardization Among Equipment Manufacturers
OpportunitiesGrowing Adoption of Industrial Internet of Things (IIoT) Rising Demand for Wireless Networks
ChallengesThreats Related to Cybersecurity Harsh Field Site Conditions Such as High-Voltage Transients, Severe Shocks and Vibrations, and Extremely High Temperatures
Key Topics Covered:
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 ProfilesABB 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/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Industrial Automation
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