1. HOME
2. Research Insight
3. Industrial Ethernet Companies - Cisco Systems (US) and Siemens (Germany) are the Key Players

The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, registering a CAGR of 7.5% during the forecast period. Growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing countries to promote adoption of industrial automation, and growing popularity of smart automobiles are contributing to the growth of the industrial ethernet market. Rising adoption of 5G to act as a growth opportunity for the market players.

Major industrial ethernet market players have primarily adopted partnership and collaboration strategies to strengthen their market positions.        

• In October 2022, Siemens, a supplier in the field of automation and industrial software, collaborated with Hilscher Gesellschaft für System automation mbH, a provider of industrial communication solutions, to offer a wide range of communication protocols to industrial companies.
• In August 2022, Belden acquired Macmon Secure GmbH, which is a renowned player in advanced network access control software. Its products are complementary to Belden’s leading industrial networking portfolio and will be integrated with the company’s Hirschmann offering to expand its ability to provide complete end-to-end solutions. 

To know about the assumptions considered for the study download the pdf brochure

Industrial Ethernet companies include:

• Cisco Systems (US),
• Siemens (Germany),
• Rockwell Automation (US),
• OMRON (Japan),
• Moxa (Taiwan).

Cisco Systems

Cisco Systems (Cisco) was founded in 1984 by a small group of computer scientists from Stanford University. Its business is organized into six segments: Secure, Agile Networks; Services; Internet for the Future; Collaboration; End-to-End Security; and Optimized Application Experiences.

Since the companys inception, its engineers have been engaged in developing Internet Protocol (IP)-based networking technologies. The company designs and sells a broad range of products, provides services, and delivers integrated solutions to develop and connect networks across the world, building the Internet. Cisco also provides a broad range of service and solution offerings, including technical support services and advanced services and solutions including cloud, video, mobility, security, collaboration, and analytics.

Siemens

Siemens is positioned globally in the fields of electrification, automation, and digitalization. It is a leading supplier of systems for power generation and transmission, and medical diagnosis. The company also plays a pioneering role in infrastructure and industrial solutions. Siemens operates its industrial business through the Siemens Financial Services, Digital Industries, Smart Infrastructure, Siemens Healthcare, and Mobility segments. The Digital Industries segment offers a wide-ranging product portfolio and systems solutions for automation in discrete and process industries.

Related Reports:

Industrial Ethernet Market with Recession Impact Analysis by Offering (Hardware, Software, Services), Protocol (PROFINET, EtherNet/IP), End-use Industry (Automotive & Transportation, Electrical & Electronics) and Region- Global Forecast to 2028

See Also:

Industrial IoT Companies

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]