Global Managed Industrial Ethernet Switches Market 2020-2024
Technavio has been monitoring the managed industrial ethernet switches market and it is poised to grow by $ 688.31 mn during 2020-2024 progressing at a CAGR of 11% during the forecast period. Our reports on managed industrial ethernet switches market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the need for network traffic management and increasing preference for managed switches in IIoT solutions. In addition, need for network traffic management is anticipated to boost the growth of the market as well.
The managed industrial ethernet switches market analysis includes end-user segment and geographical landscapes
Technavio's managed industrial ethernet switches market is segmented as below:
- Discrete industry
- Process industry
By Geographical Landscapes
- North America
- South America
This study identifies the growing miniaturization of managed industrial Ethernet switches as one of the prime reasons driving the managed industrial ethernet switches market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our managed industrial ethernet switches market covers the following areas:
- Managed industrial ethernet switches market sizing
- Managed industrial ethernet switches market forecast
- Managed industrial ethernet switches market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading managed industrial ethernet switches market vendors that include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation GmbH & Co. KG, Belden Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and TE Connectivity Ltd.. Also, the managed industrial ethernet switches market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.