A recent TMR Research report covers the global market for industrial wire line networking. The report is titled â€œIndustrial Wire Line Networking Market â€" Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017â€"2025.â€
The report states that the increased need for enterprises across every industry to be digitized, as a way of ensuring effective growth and clear and high speed communication between all stakeholders and consumers, is at the center of the increased demand for industrial wire line networking across the globe. The low cost of wire line networking as compared to wireless networking, especially on an industrial scale, is also working in favor of the global industrial wire line networking market.
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Another factor that are backing the increased usage of wire line networking in the industrial sector is the vast reduction in the cost of managing the network over the past few years. The increased usage of Ethernet, known to massively improve the interoperability among a number of systems, processes, and operations in industries, especially while keeping the cost of operations low, is also boosting the adoption of wire line networking in the industrial sector.
The field of wire line networking has witnessed a vast rise in innovations and technical advancements. The notable expansion of their use and their enhanced capability of handling increased data traffic are also compelling industries to prefer wire line networks over wireless networks. However, certain concerns associated with the compatibility of conventional systems in industries with new-age networking technologies and the costs incurred in accommodating massive data traffic could hamper the overall pace of development of the global industrial wireline networking market in the near future.
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From a geographical standpoint, the global industrial wire line networking market has been segmented in the report into Europe, North America, Asia Pacific, and Rest of the World. Of these, the market in North America presents the maximum demand for industrial wire line networks owing to the robust budgets of industries in the region.
While North America will continue to account for a significant share in the global market, the market in Asia Pacific will take over in terms of most promising growth opportunities over the reportâ€™s forecast period. Industries in emerging economies in the region are investing increased sums to improve IT infrastructure and foreign investments in the industrial sector are rising due to encouraging regulations and low cost of labor.
Some of the leading companies operating in the global industrial wire line networking market are Cisco Systems, Inc., Huawei Technologies Co. Ltd., Alcatel-Lucent, Ericsson, Hewlett-Packard Company, Nortel Networks Corporation, Juniper Networks Inc., and ZTE Corporation.
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