Global Industrial Ethernet Market Research Report - Forecast to 2023

Published - Nov 2018 | Category - Electronics & Semiconductor | No. of Pages - 107 | Published By - Market Research Future

Global Industrial Ethernet Market Research Report, by Component (Hardware and Service), by Protocol Type (EtherNet/IP, PROFINET, EtherCAT, Modbus TCP, POWERLINK, and CC-Link IE.) and by End User  - Forecast till 2023

The global industrial ethernet is expected to reach approximately USD 40.6 Billion by 2023 growing at a 12.20% CAGR over the forecast period 2017-2023.

Data center holds a lot of data from nearly over 100 billion webpages on over 100 million websites with over 2 billion users accessing the internet bandwidth in a day. Generally, the industrial ethernet is run by following few technology protocol such as EtherNet/IP, PROFINET, EtherCAT, Modbus TCP, POWERLINK, Sercos III, and CC-Link IE. The rising demand for higher bandwidth and cloud service by business enterprises encountered in the data center is one of the reasons for increased demand in fiber optics for datacenters networks which eventually has led to rapid developments in the Ethernet. The social networking giant Facebook is building their own fiber network to link their data centers with an underground 200 mile fiber cable with 50% more efficiency.

Enhancement of data centers capacities and high adoption of Ethernet in industrial automation is expected to drive the industrial ethernet market over the forecast period.

On the other hand, the increasing cyber theft has increased the demand for the cyber security and network security issue are presumed to hinder the growth of industrial ethernet over the review period.


 

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