Industrial Communication Market
Global Industrial Communication Market: Segmentation
The global industrial communication market is classified based on the offering, end use applications, and communication protocol. The offering segment is further divided into components, software, and services. On the basis of communication protocol, the global market is classified as Field bus, industrial Ethernet, and wireless. By end-use application, the global industrial communication market can be divided into automotive & transportation, aerospace & defense, pharmaceutical, energy and power generation, water and wastewater, oil & gas, electrical and electronics, food & beverages, mining, and so on.
Global Industrial Communication Market: Growth Factors
The growth of the global industrial communication market can be attributed to the growing demand for industrial communication in applications such as electronics and automotive manufacturing. The technologies are expected to grow due to ever growing sharing of information, enhancing efficiency, increasing safety, and reducing downtime. Rising adoption of Internet of Thing( IoT) plays a significant role in the industrial communication market. Development in the machine-to-machine communication is also driving the growth of the global market. However, complexity due to different standards and different equipment by various manufacturers hinders the data collection and information flow and processes for the industrial communication market.
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