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The industrial wired network is an emerging market. By 2023, the industrial wireline network market size is expected to reach USD 4,269.9 million. One of the most significant opportunities in the industrial networking market is in the industrial Ethernet segment, which is expected to create several industrial opportunities. Industrial Ethernet combines the network core required for industrial operations with external plant equipment such as sensors, programmable logic controllers and actuators. This combination of data communication and control makes Industrial Ethernet networks an integral part of factory automation.
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The global market for wired networks
Industrial wired network is a network that uses copper wires to connect industrial machinery, such as equipment and motors. The market size of this type of network has grown significantly over the past decade due to the development of machine-to-machine (M2M) communications, which are connected by a total of more than one billion devices worldwide. The industrial wired networking market is expected to grow at a compound annual growth rate (CAGR) of 11.3% from 2018 to 2025. The global wired networking market was worth US$41.4 billion in 2018 and is expected to reach US$58.6 billion US$ by 2025. , growing at a CAGR of 7.7% from 2019 to 2025. The market is expected to continue to grow owing to the increase in the number of smart device subscribers in the wireline network , driving demand for data and voice communications services.
Market revenue by region: Asia Pacific, North America, Europe and Rest of the World
The industrial wireless networking market size is expected to reach USD 3,902.5 million by 2025 growing at a CAGR of 22.4% over the forecast period.
Market revenue by country: China, India, USA and others
Industrial Wireline Network Market Revenue Share: China, India, and the United States are the top three countries in terms of market revenue, contributing 5.1% of the total market. The global industrial wireline network market size was valued at USD 29.3 billion in 2016.
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Market Share Analysis: Key Players in the Global Wireline Network Market
One of the critical aspects of the global wireline network market is its highly competitive nature. Indeed, with the advent of fiber optic networks, many customer service options are available.
Porter’s Five Forces Analysis
The global industrial wireline network market size is expected to grow from USD 6.31 billion in 2018 to USD 9.17 billion by 2025, at a compound annual growth rate (CAGR) of 4.7%. This new industry report from Global Markets Direct offers insight into the fundamental forces driving and shaping this market. This information includes details of industry competitors, supply chain analysis, industry value chain and much more.
The industrial wireline network market size is expected to reach USD 8.03 billion by 2025, growing at a CAGR of 6.9% during the forecast period.