DUBLIN, May 13, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/479xfn/global_industrial) has announced the addition of the "Global Industrial Ethernet Market 2015-2019" report to their offering.
The analysts forecast the global industrial Ethernet market to grow at a CAGR of 9.52% over the period 2014-2019
Industrial Ethernet refers to the use of standard Ethernet protocols using rugged connectors and high temperature-resistant switches in an industrial environment. It can be used for both LAN and WAN connectivity. The environment inside industrial plants is harsh, with extremes of temperature, high humidity, and considerable vibration. Industrial Ethernet devices are designed to be rugged, withstand these extreme conditions, and function in the designed manner. They are widely used in various process and discrete manufacturing industries.
Over the past few years, the global industrial Ethernet market has been highly concentrated in the Americas and the EMEA. These geographies have developed economies, and service providers in these economies have been continuously investing in Ethernet networks. In the APAC, only Japan, South Korea, and Singapore show a high penetration of Ethernet networks. However, currently this trend is changing significantly with the increased adoption of Ethernet networks in China and India. The increased adoption of optical networks among service providers in the APAC will also propel the demand for Ethernet devices in the future.
According to the report, the use of Ethernet in connecting LANs to MANs and WANs helps the service providers reduce their capital and operating expenses. Ethernet technology is popular among IT professionals as it is frequently used to interconnect LANs in enterprises. Therefore, professionals are comfortable working with Ethernet technology. Also, the companies do not need to invest heavily in training the professionals. Almost all types of networking equipment already have Ethernet, making the Ethernet interface cost efficient. MANs and LANs normally employ shared equipment from an internet provider, thus reducing the overall cost of providing Ethernet services.
Further, the report states that the overdependence on component providers is a key challenge that hampers the market growth.
- Alcatel Lucent
- Cisco Systems
- Huawei Investment and Holding
- Juniper Networks
- Rockwell Automation
- Schneider Electric
Other prominent vendors
For more information visit http://www.researchandmarkets.com/research/479xfn/global_industrial
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets