162 0 Kommentare Industrial Communication Market Size to Reach USD 141120 Million by 2027 at CAGR 8.4% - Valuates Reports - Seite 2

Growing industrial 4.0 adoption is expected to drive the growth of the communication market. There is a growing demand for communication protocols that are scalable, quicker, more reliable, and interoperable. Industrial Ethernet is critical for complete transparency within an industrial plant and between the plant and business networks. The core of the Industry 4.0 idea is a reliable communication network. Real-time operating requirements are critical to both industrial automation and industrial communication networks. As a result, they must be able to deal with data in a deterministic and redundant manner. The networks must be scalable over a large range of equipment that operates on a number of standards and interfaces.

Increasing machine-to-machine communication is expected to further fuel the industrial communication market growth. The rising popularity of new machine-to-machine (M2M) technologies is due to improved connection for smooth communication and low power needs. To ensure effective M2M communication, mobile networks' current capacity must be able to handle the billions of nodes predicted to be deployed in the next few years.

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Industrial Communication Market Share Analysis

Based on type, Industrial Ethernet is expected to be the most lucrative. Industrial Ethernet's popularity and reach are growing because of advantages including better speed, longer connection distances, and the capacity to connect more nodes, which make it ideal for use in process industries.

North America is one of the most lucrative markets for the industrial communication market. The market is being driven by supporting government initiatives and regulations in the region to promote automation and digitalization among sectors. By investing in cutting-edge manufacturing technologies and building a full-fledged network dedicated to scaling up advanced manufacturing technologies and processes, the government is focusing on promoting the adoption of Industry 4.0 manufacturing technologies in the region.

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