What is the study period of market?

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Which region is expected to show the highest market share in the market?

. <a href='https://www.technavio.com/report/global-industrial-ethernet-ip-market'>Read More</a>

What are the major market players covered in the report?

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What is the current size of the market?

. <a href='https://www.technavio.com/report/global-industrial-ethernet-ip-market'>Read More</a>

What is the Year-Over-Year Growth Rate of Market ?

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Global Industrial Ethernet/IP Market 2017-2021

Q: What is the study period of market?

. <a href='https://www.technavio.com/report/global-industrial-ethernet-ip-market'>Read More</a>

Q: Which region is expected to show the highest market share in the market?

. <a href='https://www.technavio.com/report/global-industrial-ethernet-ip-market'>Read More</a>

Q: What are the major market players covered in the report?

. <a href='https://www.technavio.com/report/global-industrial-ethernet-ip-market'>Read More</a>

Q: What is the current size of the market?

. <a href='https://www.technavio.com/report/global-industrial-ethernet-ip-market'>Read More</a>

Q: What is the Year-Over-Year Growth Rate of Market ?

. <a href='https://www.technavio.com/report/global-industrial-ethernet-ip-market'>Read More</a>

Published: Jul 2017
Pages: 70
SKU: IRTNTR14025

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Overview of the global industrial Ethernet/IP market

Market research analysts at Technavio predict that the global industrial Ethernet/IP market will grow at a CAGR of almost 17% by 2021. This market research analysis identifies the implementation of Industrial Internet of Things (IIoT) which will improve the application designs of the industry as one of the primary growth factors for this market. The vendors are trying to connect Ethernet/IP with automation as it offers a greater bandwidth and is continuously upgraded with technological advancements. The collaboration of IIoT with Ethernet/IP-based devices will lead to the development of smart factories. This will in turn, augment the growth prospects of the market during the next four years.

The demand for Ethernet/IP is significantly increasing in the Americas due to the increased development of the food and beverages and automotive industries in the region. The increasing demand for automobiles will lead to a rise in communication networks in their manufacturing premises. Additionally, the awareness on the benefits of collaborating Ethernet/IP with the oil and gas industry and with smart grids, will also drive the market in the forecast period.