The Industrial Wireless in Discrete Industries market is expected to grow at a significant CAGR of 11.2% during the forecast period (2021-2027). The major factors propelling the growth of the Industrial Wireless in Discrete Industries market include the rising demand for the combination of machines placed in remote locations for functions such as data assimilation and analytics. Additionally, the rising adoption of real-time big data analysis will boost the growth of the market. Incorporating real-time data analytics with historical data allows for data analysis in industrial facilities to identify new results. In the sector, real-time analytics provides advantages such as rapid and precise findings, and lower operational costs,.
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Additionally, the adoption of emerging new technologies such as cloud computing and 5G networks will propel the growth of the market. With the advent of new technologies and digital transformation, the industrial environment has seen substantial changes over the previous decade. Cloud computing and 5G networks are two new technologies that have developed significantly with time. Cloud computing is anticipated to enable the companies to minimize their dependence on data. The industries may use the 5G network to improve production, resulting in improved products and services, increasing market share, productivity, efficiency, and cost reduction. The use of 5G in discrete sectors is anticipated to accelerate wireless network performance and speed up data transfer operations.
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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 Wireless in Discrete Industries Market – Segmentation
By Type
- Wireless Local Area Network (WLAN)
- Wireless Personal Area Network (WPAN)
- Satellite (GNSS)
- Low-Power Wide-Area Network (LPWAN)
- Cellular
By Application
- Automotive industry
- Electronics industry
- Aerospace industry
- Heavy machinery industry
Industrial Wireless in Discrete Industries Market- Segmentation by region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
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