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From 2019 to 2023, the global industrial wireless automation market size will grow by $2.
01 billion
.
International market research institute Technavio revealed in its latest research report that ABB Group of Switzerland, Cisco Systems of the United States, Emerson Electric, Honeywell International, Rockwell Automation and Siemens will become the main technology service providers in this market, providing cutting-edge technology
for the new generation of industry.
According to the report, the increasing use of M2M services is one of the key reasons driving the growth of the
industrial wireless automation market.
M2M is the next generation of technology for communication systems and is gaining momentum as it helps achieve better time management and cost efficiency through collaborative decision-making without human intervention
.
M2M deployment requires wireless solutions that not only streamline business processes, but also aid in performance measurement
.
Therefore, the adoption of wireless communication technology in control rooms and workshops is increasing to maintain M2M interaction and connectivity
.
Not only that, but the advent of 5G-URLLC technology has enabled the end-user industry to automate
various operations.
Ultra-reliable low-latency communications (URLLC) enables latency-sensitive connected devices to provide a wide range of advanced services
.
This, in turn, enables end users to use factory automation, the Industrial Internet, and smart grids
.
As a result, more and more operators and enterprises are using 5G's URLLC capabilities to improve the performance of
industrial automation.
The emergence of 5G-URLLC will be one of the major trends influencing industrial wireless automation adoption and will drive the industrial wireless automation market growth
at a CAGR of nearly 7% during the forecast period.
Asia Pacific will have the highest industrial wireless automation market share
over the forecast period.
Initiatives such as Make in India and Chinese Manufacturing, which aim to strengthen their respective domestic manufacturing industries, will drive the development of
the industrial wireless automation market in the region.
From 2019 to 2023, the global industrial wireless automation market size will grow by $2.
01 billion
.
International market research institute Technavio revealed in its latest research report that ABB Group of Switzerland, Cisco Systems of the United States, Emerson Electric, Honeywell International, Rockwell Automation and Siemens will become the main technology service providers in this market, providing cutting-edge technology
for the new generation of industry.
According to the report, the increasing use of M2M services is one of the key reasons driving the growth of the
industrial wireless automation market.
M2M is the next generation of technology for communication systems and is gaining momentum as it helps achieve better time management and cost efficiency through collaborative decision-making without human intervention
.
M2M deployment requires wireless solutions that not only streamline business processes, but also aid in performance measurement
.
Therefore, the adoption of wireless communication technology in control rooms and workshops is increasing to maintain M2M interaction and connectivity
.
Not only that, but the advent of 5G-URLLC technology has enabled the end-user industry to automate
various operations.
Ultra-reliable low-latency communications (URLLC) enables latency-sensitive connected devices to provide a wide range of advanced services
.
This, in turn, enables end users to use factory automation, the Industrial Internet, and smart grids
.
As a result, more and more operators and enterprises are using 5G's URLLC capabilities to improve the performance of
industrial automation.
The emergence of 5G-URLLC will be one of the major trends influencing industrial wireless automation adoption and will drive the industrial wireless automation market growth
at a CAGR of nearly 7% during the forecast period.
Asia Pacific will have the highest industrial wireless automation market share
over the forecast period.
Initiatives such as Make in India and Chinese Manufacturing, which aim to strengthen their respective domestic manufacturing industries, will drive the development of
the industrial wireless automation market in the region.
