Owing to fact that installation of fiber optic cables is considerably less expensive in comparison to copper cables, and rapid increment in broadband service providers, the demand in global industrial wire line networking has escalated.
Albany, NY -- (SBWIRE) -- 02/17/2017 -- Global Industrial Wire Line Networking Market: Snapshot
Information technology is essential for nearly every industry for their proper functioning and prosperity. Industrial wire line networking refers to IT networks designed to handle heavy loads of inter-connectivity across enterprises and industrial equipment. Basically of two type, wireless and wire line, these networks enable better manageability and integrated security and are able to handle huge volume of data, although they cannot function without a support of reliable and robust wire line network. Since wire line networking are fairly easier to implement as opposed to wireless networking and also meet the industrial networking demands in an efficient way, the global market for the same is projected for a robust growth rate during the forecast period of 2017 to 2025.
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This report on global industrial wire line networking market is a comprehensive study of the current scenario and offers a figurative estimations of the opportunities based on several factors that are expected to influence the demand in near future. This market can be segmented into interconnect products, network management software, and networking components. The interconnect products can be further sub-segmented into connectors, testing devices, printed circuit test points, battery contacts, and jumpers, while networking components can be divided into electrical networks, optical networks, and combined networks. The market can also be segmented on the basis of end-user industries, which includes food and beverage, automotive, oil and gas, refining and wastewater, and petrochemical.
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Global Industrial Wire Line Networking Market: Trends and Prospects
Owing to fact that installation of fiber optic cables is considerably less expensive in comparison to copper cables, and rapid increment in broadband service providers, the demand in global industrial wire line networking has escalated. These interconnections assists decision makers in providing real time data and information for taking strategic decisions, thereby contributing to the growth of this market. Another factor favoring the growth rate is the reduced cost of managing the networks while it connects different systems, machinery, equipment, and devices within the industrial operations. The rising use of Ethernet which enhances interoperability among the industrial systems at lowered costs is also contributing to the growth of this market. Rapid innovations in the field of wire line networks to expand their use and accommodate increasing traffic are also driving the growth of global industrial networking market. However, compatibility with the existing systems in an organization and the ongoing costs incurred to accommodate increasing traffic are some of the major barriers affecting the growth of industrial wire line networking market.
Global Industrial Wire Line Networking Market: Regional Outlook
Geographically, the report segments the global market into North America, Europe, Asia Pacific, and rest of the world. Currently, North America serves the maximum demand due to the robust budget of the organizations. However, several emerging economies in Asia Pacific, such as China, India, Japan, and Malaysia, are aggressively investing in improving their IT infrastructure and several multi-national companies have set up their organizations in these countries. This will lead to increased demand coming from Asia Pacific during the forecast period.
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Some of the major players in this line of business include Alcatel-Lucent, Huawei Technologies Co. Ltd., Cisco Systems, Inc., Ericsson, Juniper Networks Inc., Nortel Networks Corporation, Hewlett-Packard Company, and ZTE Corporation.
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