The global industrial communication market is estimated to witness significant growth during the forecast period (2019-2025). The growth in industrial automation has created the need for industrial communication for the purpose of making communication within the industry, which in turn propelling the growth of the industrial communication market. The industrial communication is being used in control systems to pass data between PLCs and personal computers, between different PLCs, or between field devices and programmable logic controllers (PLCs), for operator interface, data processing & storage, or information management. The rising adoption of Industry 4.0 revolution in different countries has provoked the rapid adoption of automation in industries.
Browse the full report description of "Global Industrial Communication Market Size, Share & Trends Analysis Report, by Component (Hardware and Software and Services) by Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless), by End-User (Automotive and Transportation, Oil & Gas, Food & Beverage, Water & Wastewater, and Others) and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/industrial-communication-market
In order to promote the Industrial Revolution 4.0 in the region, the European Union (EU) had decided to support the smart use of information and communications technology along with the integration of micro, small, and medium-sized enterprises (SMEs) into digital value chains during 2008–2014. The EU intends to offer this support under its Horizon 2020, which is the EU funding program for research and innovation in the industries. The growing automation in industries is thus expected to drive the growth of the global industrial communication market. The introduction of industrial communication concepts in the industrial application scenarios has offered a tremendous change to the outlook of industrial automation.
Industrial communication has been actively adopted by the industries to connect sensors, machines, and IT systems in a single enterprise. Further, the significant rise in the adoption rate of IoT by various industries has generated the need for establishing a link between different devices to exchange data in a safe, secure, and efficient manner. In the era of the fourth industrial revolution, industrial communication made it possible to gather and analyze data across machines in a flexible, faster, and efficient way to produce higher-quality products at reduced costs.
The rising demand for wireless industrial communication networks is an opportunity for the growth of the global industrial communication market. Wireless technologies including Wireless HART, Bluetooth smart, WLAN, and ZigBee are providing immense growth opportunities for the industrial communication market.
Recent Development in Market
Global Industrial Communication Market Segmentation
By Component
By Communication Protocol
By End-User
Global Industrial Communication Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World