Industrial Communication Market Growth Analysis & Forecast Report | 2019-2025

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Global Industrial Communication Market to grow at
10 CAGR till 2025 Global Market Insights Inc.
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Industry Overview

• Industrial Communication Market is expected to
  surpass USD 160 billion in revenue by 2025. The
  extensive usage of Industry 4.0 technologies in
  the industrial landscape is driving the growth of
  the industrial communication market. Several
  enterprises are leveraging on various
  next-generation industrial technologies, such as
  Industrial Internet of things (IIoT) and additive
  manufacturing, to enhance the operational
  efficiency by incorporating new business models
  into their assembly lines. This has allowed the
  companies to build smart supply chains with an
  efficient-end to-end ecosystem.
• The influx of various favorable government
  initiatives to promote digitization and
  automation is incentivizing industries to upgrade
  their existing communication infrastructure. The
  regulatory bodies are working closely with
  industry giants, such as Siemens, ABB, and GE, to
  promote the use of advanced communication
  solutions. Moreover, the introduction of new and
  advanced communication protocols standards is
  also spurring the industrial communication
  market.
• The hardware market has held a major share in the
  industrial communication market due to the
  widespread usage of physical infrastructure
  components such as routers, switches,
  controllers, and communication interface devices.
  Switches accounted for over 25 revenue in the
  market landscape as it plays a pivotal role in
  the overall functioning of the network
  infrastructure for implementing new
  connectivity-enabled strategies.

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• Fieldbus held a major share of over 49 in the
  industrial communication market in 2018 due to
  the extensive adoption of protocols, such as
  PROFIBUS, CC-Link, and Modbus, across various
  process-oriented industries. PROFIBUS accounted
  for over 38 market share in 2018. This is
  attributed to its ability to seamlessly integrate
  digital input output devices and discrete
  motion control aspects, such as analyzers,
  belonging to various third-party solution
  providers. Moreover, the inexpensive nature of
  the technology is promoting its usage across
  various small industrial players.
• The automotive transportation market is leading
  the industrial communication landscape with a
  market share of over 25 in 2018. The automotive
  industry comprises large players with strong
  financial condition. This has allowed them to
  integrate advanced automation, data exchange, and
  communication technologies into the assembly
  lines. In addition, the requirement of higher
  production volumes within shorter timeframes is
  further augmenting the usage of communication
  technologies in the sector.

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Growth Drivers

• Increasing adoption of Industry 4.0 revolution
• Rise of industrial IoT (IIoT)
• Supportive government initiatives
• Implementation of advance communication protocol
• Growing degree of automation and robotization
  among industries

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• The Europe region held more than 37 of the total
  revenue in the industrial communication market in
  2018 due to the high degree of investments in
  Industry 4.0 technologies to modernize existing
  facilities. The region accounts for more than a
  third of the worldwide investments in Industry
  4.0 and IIoT initiatives. Countries in Northern
  Europe and Western Europe including Germany,
  France, and the UK have been able to attract most
  of these investments. The Asia Pacific region
  will grow at a CAGR of 12 over the projected
  time duration due to rapid industrialization in
  countries including China, India, and Indonesia.
• Some of the vendors present in the industrial
  communication market are Siemens, Cisco,
  Schneider, General Electric, Honeywell
  International, Eaton, Belden, Omron Corporation,
  ACS Motion Control, Beckhoff Automation, ABB,
  Rockwell Automation, and Moxa. The companies
  operating in the market are adopting inorganic
  growth strategies to increase their customer base
  in the market. For instance, in October 2016,
  Rockwell Automation acquired Maverick Solutions,
  a solution integrator, to gain new technical
  expertise in sectors such as food beverage,
  chemical, and oil gas.

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