In the view of industry 4.0, the enterprises demands for higher quality, faster productivity, unprecedented operational efficiency, and increased transparency. As automation is on the rise in factories, the plant floors are filled with more equipment, assets, and machine than before to produce high standard products and services. Therefore, without industrial connectivity, modern plants floors are on the way to become more chaotic coupled with laced and negative performance-related panic.
MARKET DYNAMICS
Moving from wired cellular connectivity to smart manufacturing is one of the major factor driving the growth of the industrial connectivity market. Moreover, adoption of smart manufacturing and Industry 4.0 supports the factories to make smart machine smarter, processes less waste, factories become more efficient, and manufacturing units' productivity increases and becomes more flexible. However, presence of outdated hardware and software to limit adoption of industrial connectivity
MARKET SCOPE
The "Global Industrial Connectivity Market Analysis to 2028"? is a specialized and in-depth study of the industrial connectivity market with a special focus on the global market trend analysis. The report aims to provide an overview of industrial connectivity market with detailed market segmentation by component, connectivity type, vertical. The global industrial connectivity market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial connectivity market player and offers key trends and opportunities in the industrial connectivity market.
MARKET SEGMENTATION
The global industrial connectivity market is segmented on the basis of component, connectivity type, vertical. On the basis of component, market is segmented as hardware, software, services. On the basis of connectivity type, market is segmented as 4G/5G, WI-FI, Bluetooth, LPWA-LTE, others. On the basis of vertical, market is segmented as automotive, aerospace and defense, consumer electronics, manufacturing, IT and telecom, healthcare, others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial connectivity market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial connectivity market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial connectivity market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the industrial connectivity market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial connectivity market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial connectivity market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial connectivity market. Below mentioned is the list of few companies engaged in the industrial connectivity market.
The report also includes the profiles of key industrial connectivity market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd.
- Rockwell Automation
- Siemens Corporation
- Honeywell Corporation
- Schneider Electric
- SAP SE
- General Electric Company
- Sierra Wireless
- Cisco Systems Inc.
- Microsoft Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.