Industrial Communication Market estimated to be worth $141.0 billion by 2023

(IT-NEWSWIRE.COM, April 13, 2019 ) According to MarketsandMarkets, the industrial communication market is expected to reach USD 141.0 billion by 2023 from USD 83.2 billion by 2018, at a CAGR of 11.14% during the forecast period. The study involved 4 major activities to estimate the current size of the market. Exhaustive secondary research was done to collect information on the market, including peer market and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Don’t miss out on business opportunities in Industrial Communication Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=146536397

Industrial communication market for wireless communication protocol to grow at highest CAGR during forecast period

The number of wireless connections in industrial applications has increased considerably over the past few years as a result of improved network coverage, quality of transmission, and bandwidth capacity. Advancements in wireless communication technologies, especially in the wireless highway addressable remote transducer (WHART), cellular, and wireless local area network (WLAN), are helping manufacturing companies to remotely monitor their assets from anywhere in the world.

Industrial communication market for water and wastewater to grow at highest CAGR from 2018 to 2023

There is a growing demand for effective industrial communication in the water and wastewater industry with the rising need to manage and increase the efficiency of the plants in response to the increasing water scarcity and growing complexity of water management in water utilities and plants. Rain gauges and smart flowmeters are the most commonly used instruments in the water facilities. Water level monitoring sensors, AC drives, and controllers are crucial components of the water treatment systems, and the industrial communication network is used to facilitate communication among these devices.

Browse and in-depth TOC on "Industrial Communication Market"

71 - Tables

41 - Figures

189 - Pages

View more detailed TOC @

https://www.marketsandmarkets.com/Market-Reports/industrial-communication-market-146536397.html

APAC continues to hold largest size of industrial communication market by 2023

Growing manufacturing sector in APAC countries such as China, Japan, and South Korea is expected to contribute to the growth of the industrial communication market in this region during the forecast period. China is a global manufacturing hub for semiconductor and automotive manufacturers. Rapidly growing automotive industry in China is likely to create growth opportunities for the industrial communication market players in this country. The manufacturing companies in APAC extensively adopt smart factory concept for implementing advanced manufacturing technologies on the factory floor. This innovative concept has transformed the manufacturing sector in APAC and has increased the implementation of smart automation in factories. The growing acceptance of Industrial Revolution 4.0 in APAC is also one of the factors driving the growth of the industrial communication market in this region.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=146536397

Major vendors in the industrial communication market include OMRON Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), ABB LTD. (Switzerland), Rockwell Automation, Inc. (US), Advantech Co., Ltd. (Taiwan), ifm electronic gmbh (Germany), HMS Industrial Networks (Sweden), Cisco Systems, Inc. (US), Moxa Inc. (US), and Belden Inc. (US).

Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Website: http://www.marketsandmarkets.com/

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Industrial Communication Market estimated to be worth $141.0 billion by 2023