The industrial communication market is projected to grow from USD 18.8 billion in 2022 to USD 26.8 billion by 2027; it is expected to grow at a CAGR of 7.4% from 2022 to 2027. Industrial Ethernet is important for achieving complete transparency within an industrial plant, as well as between the plant and enterprise networks. A reliable communication network is the core of the Industry 4.0 concept, leading to a growing need for scalable, faster, reliable, and interoperable communication protocols. There is also an Increasing use of machine-to-machine (M2M) communication technology. Better connectivity for smooth communication and low power requirements are the key reasons for the increased adoption of new machine-to-machine (M2M) technologies.
Industrial communication an established market, and is competitive among the players within the market. Key strategies adopted by top players to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and deals. For instance, In September 2021, Cisco has extended a joint five-year agreement with Telstra to provide advanced connectivity management for the Internet of Things (IoT) network with Telstra Control Center using Cisco’s SaaS platform. Together, this will empower autonomous industries and connected communities in Australia with smart infrastructure designed to support the future of connectivity with 5G. In June 2021, Cisco released two new products under the industrial Edge portfolio to extend the power of enterprise networks to the Edge with the flexibility, security, and scalability needed for IoT success. The portfolio enables organizations to run connected operations at scale with a choice of management tools suited for both IT and operations. The unified architecture simplifies collaboration between IT and operations and streamlines their deployments from the enterprise to the Edge. In June 2021, Rockwell Automation acquired Plex Systems, a leader in cloud-delivered smart manufacturing solutions. This acquisition accelerates the company’s strategy to bring the Connected Enterprise to life, driving faster time to value for its customers as they increasingly adopt cloud solutions.
To know about the assumptions considered for the study download the pdf brochure
Cisco specializes in developing Internet Protocol-based (IP-based) networking technologies. The company designs and sells a broad range of products, provides services, and delivers integrated solutions worldwide to develop and connect networks that build the Internet. It is headquartered in San Jose, US, with nearly 79,500 employees as of 2021.
Cisco (US) operates through 5 segments: Infrastructure Platforms, Services, Applications, Security, and Other Products. Its service offerings include technical support services and advanced services-as-solutions, including cloud, video, mobility, security, collaboration, and analytics. Cisco has a global presence in about 93 countries, which includes its subsidiaries. Some of its subsidiaries are Cisco Cameroon Limited (Cameroon), Cisco Comercio E Servicos De Hardware E Software Do Brasil LTDA (Brazil), Cisco International Limited (UK), Cisco Malaysia Managed Services Sdn. Bhd (Malaysia), Cisco MO B.V. (Netherlands), Cisco Systems Networking Technology Co., Ltd. (China), and Cisco Systems Co. (Canada). The company offers a wide range of products in networks, wireless and mobility, and unified communication.
Rockwell Automation is the continuation of the business established as the Allen-Bradley Company. The privately owned Allen-Bradley Company was one of the leading North American manufacturers of industrial automation equipment. The former Rockwell International Corporation (RIC) acquired it in 1985. It is one of the innovators in electrical explosion protection and sensor technologies. The company is involved in manufacturing automation solutions and reliable explosion protection solutions for plants/manufacturing facilities. The company operates through three segments—Intelligent Devices, Software & Control, and Life Cycle Services. The Software and Control systems include hardware, software, and communication products. The company specializes in industrial automation and information and communication technology (ICT) to enhance the productivity of its customers. This integrated portfolio is capable of controlling industrial processes and manufacturing, as well as providing connections to enterprise business systems. The Software & Control segment provides a comprehensive portfolio of intelligent motor control and industrial control products, value-added solutions, and a complete portfolio of professional lifecycle services. Rockwell offers innovative technologies and solutions that drive the productivity of its customers by enhancing their performance and providing ease of use. The company operates in more than 100 countries across the world. PT Rockwell Automation Indonesia (Indonesia), Rockwell Automation A/S (Denmark), Rockwell Automation B.V. (Netherlands), Rockwell Automation (Xiamen) Ltd. (China), Rockwell Automation Canada Control Systems (Canada), and Rockwell Automation Japan Co., Ltd. (Japan) are some of its subsidiaries. The company operates in about 100 countries globally, with 24,500 employees working globally.
Industrial Communication Market by Offering (Component, Software and Services), Communication Protocol (Fieldbus, Industrial Ethernet and Wireless), Vertical (Automotive, Engineering/Fabrication) and Region - Global Forecast to 2027
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE