The Industrial Communication market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the Industrial Communication market during the forecast period is the adoption of technologies due to the industry 4.0 revolution by business organizations all around the globe.
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With the increasing use of sensors, IT systems, and IoT there is a need for the establishment of a secure network for these devices to work together for the exchange of data, data management, processing, and analysis which will drive the Industrial Communication market during the forecast period. Due to the CVOID-19 pandemic, many companies are adopting a remote work model, which will boost the need for communication systems. With the increasing reach of industrial ethernet more and more process applications will be available. Some of the key global market players include Sick AG, OMRON Corp., Schneider ElectricSE, Belden, Inc., Moxa Inc., Siemens AG, Rockwell Automation, Inc., ABB Ltd., GE Grid Solutions, LLC, Cisco Systems, Inc., and many others.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Industrial Communication Market by Segment
- By Component
o Software and Services
o Hardware
- By Communication Protocol
o Industrial Ethernet
o Wireless
o Fieldbus
- By End-Use
o Oil and Gas
o Manufacturing
o Automobile Industries
o Water and Wastewater
Industrial Communication Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
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