London, 30 April 2015 – With the growing demand to reduce operational expenses, the global industrial Ethernet market is expected to exhibit steady growth and post a CAGR of 9.52 % from 2015-2019, says research firm Technavio.
About the Report
Ethernet technology is popular among IT professionals and enterprises alike as it is a convenient choice for LAN interconnectivity and companies do not need to invest heavily in training the professionals as most are already familiar with Ethernet technology.
“The power of Ethernet in connecting LANs to MANs and WANs helps the service providers reduce their capital and operating expenses significantly, which is fuelling the growth of this market,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio market research report also emphasizes the increased adoption of industrial Ethernet in the APAC region, especially in China and India. Previously, only Japan, South Korea and Singapore had a higher penetration of Ethernet networks, but the trend is changing significantly.
Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects of the global industrial Ethernet market for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of various Ethernet devices.
Key Information Covered in the Report:
Key Vendors:
- Alcatel-Lucent SA
- Cisco Systems Inc.
- D-Link Corp.
- Hewlett-Packard Co. (HP)
- Huawei Investment & Holding Co. Ltd.
- Juniper Networks Inc.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
Market Growth Drivers:
- Need to reduce capital and operational expenses
- For a full detailed list, view our report.
Market Challenges:
- Overdependence on component providers
- For a full detailed list, view our report.
Market Trends:
- Increased adoption of industrial Ethernet in APAC
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
