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Industrial Communication Market Size to Reach USD 141120 Million by 2027 at CAGR 8.4% - Valuates Reports

BANGALORE, India, Nov. 24, 2021 /PRNewswire/ -- The Industrial Communication Market is Segmented by Type (Fieldbus, Industrial Ethernet, Wireless), End User (Automotive & Transportation, Electrical and Electronics, Aerospace & Defense, Oil & Gas, Food & Beverages, Pharmaceutical, Energy and Power Generation, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Internet & Telecom Category.

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The global Industrial Communication market size is projected to reach USD 141120 Million by 2027, from USD 77730 Million in 2020, at a CAGR of 8.4% during the forecast period 2021-2027

Major Factors Driving The Growth Of The Industrial Communication Market Are:

The growing demand for scalable, quicker, more reliable, and interoperable communication protocols is one of the key driving factors for the Industrial Communication Market. 

During the forecast period, the usage of digital twins to safely monitor smart manufacturing operations is likely to fuel the industrial communication market growth. Another important aspect projected to drive market expansion is the continued rise in machine-to-machine connectivity.

The increased adoption of Industry 4.0 is driving the industrial communication market. Digital disruption is wreaking havoc on various industry sectors. 

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Trends Influencing The Growth Of Industrial Communication Market 

The industrial communication market is being driven by the increased usage of advanced communication protocols among companies. As industries become more digitally connected, the necessity for effective communication technologies grows. Previous communication protocols were serial-based and therefore couldn't handle the growth of digital data and latency-sensitive applications. Organizations are moving toward more complex and flexible industrial ethernet protocols to overcome these issues. 

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Nachrichtenquelle: PR Newswire (engl.)
24.11.2021, 14:00  |  151   |   |   

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Industrial Communication Market Size to Reach USD 141120 Million by 2027 at CAGR 8.4% - Valuates Reports BANGALORE, India, Nov. 24, 2021 /PRNewswire/ - The Industrial Communication Market is Segmented by Type (Fieldbus, Industrial Ethernet, Wireless), End User (Automotive & Transportation, Electrical and Electronics, Aerospace & Defense, Oil & Gas, …

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