Industrial connectivity is the automation in industrial operations that works by opening the channel for advanced communication and data transmission across the systems. It is the solutions that allow the data to circulate and aggregate in all the machines used in industrial operations. Industrial connectivity helps in boosting productivity, efficiency, and effective results along with maintaining security restrictions.This growth is primarily driven by Growing Demand for the Scalability, Faster and Effective Industrial Productivity and Demand for Automation in the Machine Performance with the Easy Data Aggregation in Industries.
Globally, a noticeable market trend is evident Integration of the IoT Infrastructure and Machine Learning in the Industries. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ABB Ltd (Switzerland), MachineMetrics Inc. (United States), Rockwell Automation, Inc. (United States), Siemens AG (Germany), Honeywell (United States), Schneider Electric (France), SAP SE (Germany), General Electric Company (United States), Microsoft Corporation (United States), Sierra Wireless (Canada), Cisco Systems, Inc (United States) and Airgain, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7th January 2021, Airgain, Inc has acquired privately-held NimbeLink Corp., a leader in the cellular industrial Internet of Things solutions and services. The addition of NimbeLinkís embedded modem products and asset tracking solutions is key to Airgainís ongoing strategy to expand its penetration of the multi-billion-dollar Industrial IoT and M2M (machine-to-machine) markets.
On 28th September 2020, Schneider Electric and Orange, a global telecoms operator and leader in digital services, announced the first deployment of indoor 5G in the industrial sector in France on experimental frequencies as part of a trial. Operating since March, this first co-innovation project in the Le Vaudreuil factory aims to use 5G in a modern industrial environment to build reliable, scalable, and sustainable connectivity solutions for future industrial needs
- Growing Demand for the Scalability, Faster and Effective Industrial Productivity
- Demand for Automation in the Machine Performance with the Easy Data Aggregation in Industries
- Integration of the IoT Infrastructure and Machine Learning in the Industries
- Cyber Data Security Related Risk Hindering the Industrial Connectivity Market
Growing Investment in the data Networking and Analytical Infrastructure for High-Speed Ethernet, Edge & Cloud Computing
Stringent Regulatory Compliances with the Industrial Connectivity
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Industrial Connectivity Study Sheds Light on
The Industrial Connectivity Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Industrial Connectivity industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Connectivity industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Industrial Connectivity Market?
The Industrial Connectivity market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Industrial Connectivity Market?
Top performing companies in the Global Industrial Connectivity market are ABB Ltd (Switzerland), MachineMetrics Inc. (United States), Rockwell Automation, Inc. (United States), Siemens AG (Germany), Honeywell (United States), Schneider Electric (France), SAP SE (Germany), General Electric Company (United States), Microsoft Corporation (United States), Sierra Wireless (Canada), Cisco Systems, Inc (United States) and Airgain, Inc. (United States), to name a few.
3. Which region dominated the worldwide market for Industrial Connectivity in 2020?
North America is dominating the Industrial Connectivity Market.