Reportstack has announced a new market research publication on Global Industrial Ethernet Market, which finds that the market is growing with a modest CAGR of 9.85 percent during the forecast period of 2014-2018.
A major driver for the market over the next four years will be cost savings for companies, as Ethernet allows manufacturers in the machine tools, machinery, and robotics industries to address the pressing need to reduce capital and operations expenses. Service providers use Ethernet in connecting LANs to MANs and WANs, which helps in reducing these expenses. Additionally, almost all types of networking equipment already have Ethernet, making the Ethernet interface cost efficient.
Furthermore, TechNavio finds there has been a trend towards the introduction of cost-effective Ethernet devices. Many vendors in the market, which include Alcatel-Lucent, Cisco Systems and D-Link Corp., have reduced the price of their Ethernet devices in order to remain competitive. Technological advancements in Ethernet technology have helped component suppliers reduce the cost of processors and electronic components used in the devices, which, in turn helps service providers further mitigate their operational costs.
To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit http://www.reportstack.com/product/151097/global-industrial-ethernet-market-2014-2018.html
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