Industrial Network Market is expected to reach 69.9 billion by 2026 at a CAGR of 6.1% during the forecast period 2021-2026. The rising adoption of connected factory and the machine to machine communication will significantly boost the industrial network market and is estimated to gain a huge demand. With the increase in adoption of asset tracking and supply chain management using industrial internet of things (IIoT) in the facilities will be driving the market. The industrial network are designed to fulfill the real time needs of large number of systems. The increase in number of unmanned machinery in the facilities has also given a massive boots to the industrial network market. The necessity to efficiently manage the security, vulnerability, and the performance is another factor in increasing the market growth during the forecast period of 2021-2026.

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Key takeaways:

This IndustryARC report on the Industrial Network Market highlights the following areas -

1. The rising adoption of connected factory and the machine to machine communication will significantly boost the industrial network market and is estimated to gain a huge demand. With the increase in adoption of industrial internet of things (IIoT) in the facilities will be driving the market.
2. The supplier ecosystem worked with the automakers to develop and commercialize the technology for the benefit of the industry. The automotive industry has strengthened its foundation with the use of SPE servers in the manufacturing process, and controls system industries.
3. APAC being an industrial hub of many several industries such as electronics, automotive and electrical has the largest market growth.

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Competitive Landscape:

The top 5 players in the Industrial Network Industry are -

1. Huawei Technologies Co. Ltd.
2. Cisco System Inc.
3. Belden Inc.
4. Moxa Inc.
5. Rockwell Automation Inc.

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