Comprehensive Report on Global Industrial Wireless Solution Market by Knowledge Sourcing Intelligence
The industrial wireless
solution market was valued at US$XX.XX billion
in 2017 and is projected to expand at a CAGR of XX.XX% over
the forecast period
to reach US$XX.XX billion by 2023.
Wireless network solution is gaining traction owing to the rising
installation of wireless infrastructure across industries such as automotive, manufacturing, Oil &
Gas and etc.
Wireless industrial network is the next
step that many companies are adopting as it is a practical solution to all the
wiring hassle and it enhances the flexibility in work and provability of
devices. Rising demand for automation and cost effective wireless solution in
both process and discrete industries is driving the industrial wireless market growth.
Rising Adoption of Wireless Solutions Across Industries:
Companies require a network to communicate and share data
with as much
efficiency as their
systems can provide. Wireless solutions are increasingly being utilized
in a number of industries such as automotive,
manufacturing, mining and etc. as it provides
a cost-effective way for an organization to enhance the flexibility and efficiency
of their infrastructure. Growing propensity towards wireless solution is attributed to the hassle-free installation, more coverage, low maintenance requirement, easy addition of new devices to the network
and reliable transfer of data from
one place to another. Growing demand for increasingly efficient and convenient wireless
solutions is driving
the industrial wireless market’s growth. Industrial Wireless has given manufacturers the digital technology to access essential data to make better
decisions and improve
operational performance. In Automotive sector,
growing preference of customers
to have infotainment in vehicles is the key driving factor
that is boosting the demand
for wireless solutions. For an instance, HMS Industrial Networks provides
Anybus multi- network connectivity solution for the automotive industry that
enables one to easily interconnect different
networks and protocol
standards and connect
non-network devices to the systems.we have covered all segment of this market in our market research report.
Industrial Wireless Solution Market By Geography :
By geography, the industrial wireless
solution market has been segmented as North America,
South America, Europe, Middle East and Africa, and Asia Pacific.
Furthermore, country level analysis is provided within the regions.
In North America,
rising adoption of advanced wireless
solutions across major
industries such as manufacturing is boosting the demand for industrial
wireless. In South America, increasing investments in advanced
wireless solutions such as 4G Long Term Evolution (LTE) and 5G by the companies is
fueling the demand for advanced wireless solutions in industries. On October
2016, IFC, a member of the World Bank Group, provided a $400 million 6-year
financing package for Telecom
Personal S.A, a leading Argentine wireless company, to expand its 4G Long
Term Evolution (LTE) broadband network. In Europe,
the growing need for advanced wireless solutions by automotive and healthcare industry is
driving the market’s growth. According to Arun Bansal, the vendor’s head
of Market Area
Europe and Latin
America, Ericsson expects
to see the
initial commercial deployment of 5G technology in Europe by 2018 or 2019. In Asia Pacific, the industrial wireless market is expected to grow at an impressive rate owing to the blooming
industrial IoT technology. Though industrial manufacturers are somewhat slow
in their adoption
of cloud-based services and connecting
their legacy systems to digital
networks, the vision
for vast IoT market is finally starting
to take shape.
Europe:
The Europe industrial wireless solutions market
is projected to grow at a CAGR
of X. XX%, rising from US$XX.XX billion
in 2017 to US$XX.XX billion
in 2023. The region is further segmented as UK, Germany, France, Italy,
Spain and Others.
Rising adoption of Industry 4.0
across European industries is driving the demand of wireless solutions. Burgeoning investments in latest wireless
technologies and favorable government initiatives and policies is further boosting the adoption of industrial Internet of Things (IIoT) or Industry 4.0 in the EU industries. UK and Germany
are growing at a fast pace with respect to the
adoption and investments in advanced wireless
solutions. The European
Union has prioritized National
14.0 policy across
Europe which is the major
driving factor that have pushed
EU industries to upgrade
their existing infrastructure by adopting digitalization and automation. With
surging IoT and cyber- physical systems,
the threat of malware attack
is also increasing. In response to this, the EU has revamp
their data protection policy to GDPR (General
Data Protection Regulation) which gives people more
control over their personal data.
Therefore, companies providing advanced wireless solutions have to be careful
while dealing with sensitive data.
United Kingdom:
UK industrial wireless
solutions market is anticipated to grow at a CAGR of XX% during the forecast
period, reaching a total market
size of US$XX billion in 2023 from US$XX billion
in 2017. The U.K. is one
of the largest
information communication technology (ICT) markets. Increasing investments in this sector and favorable government policies and initiatives are driving the growth of industrial wireless solutions in the country. Theresa May is set to launch the government’s “Modern
Industrial Strategy” in January 2017. As part of the strategy, the government is putting cutting
edge technologies such
as 5G wireless, “smart”
energy technology to upgrade the standards of performance on digital, energy,
transport and defense infrastructure.
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