The global industrial ethernet IP market is anticipated to grow at a significant CAGR during the forecast period. Ethernet Industrial Protocol (Ethernet/IP) is a network communication protocol that can handle enormous volumes of data at different rates. PROFINET and EtherCAT are industrial Ethernet protocols that modify regular ethernet to ensure that specific manufacturing data is provided and received correctly. It also makes sure that data is transferred promptly to complete a task. As automation spreads across industries, the need for a reliable communication network that connects all of the components increases. As a result, industrial ethernet protocol is in high demand to create a scalable, flexible, and omnipresent network.
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Through a secure network connection, industrial ethernet allows for easy data flow across the production plant. This contributes to increased productivity in the industry’s supply chain and manufacturing process, as well as minimised downtime in industrial processes. As a result, various sectors are adopting cutting-edge process automation technology. The increasing use of the Industrial Internet of Things (IIoT) and Internet of Things (IoT) in manufacturing and process sectors is accelerating the rapid expansion of the global industrial ethernet IP market.
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Furthermore, government measures encouraging the usage of ethernet in process and manufacturing industries to use cutting-edge technology are propelling the market forward. On the other hand, the need for remarkable capital investments to implement industrial ethernet solutions is a major obstruct blocking the industry growth.
Global Industrial Ethernet IP Market – Segmentation
By Type
Factory Automation
Supervisory Control
By End-User
Discrete industries
Process industries
Global Industrial Ethernet IP Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Rockwell Automation
Cisco Systems Inc.
Huawei
Innovasic
Mitsubishi Electric.
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