- The key vendors in the Global Industrial Wireless Market in Process Automation 2015-2019 are Cisco Systems Inc., Emerson Electric Co., Honeywell International Inc., Siemens AG and Yokogawa Electric Corp.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Industrial Wireless Market in Process Automation 2015-2019. One major trend upcoming in this market is the integration of various wireless technologies such as WLAN, Bluetooth, VoIP, Zigbee, and wireless sensors. The interoperability of technologies is a major issue, and vendors are trying to address it by working closely with end-users. The market is expected to witness an impressive growth rate with a CAGR of 16.19 percent during the period 2015-2019.
End-users are slowly shifting toward wireless technologies because the technological advances resulting from increased R&D investment have made wireless technology more reliable than before, thus reducing technical glitches during operations. Wireless technologies such as Bluetooth, ZigBee, and WLAN and evolving technologies such as WirelessHART are used increasingly in industrial applications.
“In the present scenario, information sharing, retrieving, and documenting within an organization regarding the industry best practices and day-to-day operations is considered to be one of the basic requirements in the Process and Discrete industries,” says Faisal Ghaus, Vice President of Technavio Research.
“In smart oil fields, information sharing, control, and monitoring is achieved from a single command center that needs advanced wireless technologies.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
