Managed Industrial Ethernet Switches Market Growing at 11.39% CAGR during 2017 to 2021
The 2017 managed industrial ethernet switches market report considers the revenue generated from sales and aftermarket services of managed switches in process and discrete industries.
March 10, 2017 /MarketersMedia/ —
One trend in managed industrial ethernet switches market is introduction of cyber-secure managed industrial Ethernet switches. At present, industrial networks require the highest level of security to thwart cyber-terrorists, malicious employees, and Internet hackers from accessing and destroying sensitive and sometimes, critical network operations. Managed industrial Ethernet switches now offer many security features.
Complete report on managed industrial ethernet switches market spread across 67 pages, analyzing 5 major companies and provides 29 data exhibits is now available at http://www.reportsnreports.com/reports/799217-global-managed-industrial-ethernet-switches-market-2017-2021.html .
The analysts forecast the global managed industrial ethernet switches market to grow at a CAGR of 11.39% during the period 2017-2021. One driver in market is increasing preference for managed switches in IIoT solutions. Industries are focusing on developing a connected environment for easy monitoring and control and thereby, have started to implement open automation solutions in their process flow. In attaining seamless connectivity between field devices and control solutions, end-users that focus on advanced communication protocols have increased over the past years in both process and discrete industries.
Managed industrial Ethernet switches are increasing their presence in the industrial communication market due to their network prioritization capabilities and due to the increase in the highly critical process applications. The functionality of an Ethernet switch is defined by IEEE 802.1D, which describes the architecture and the set of functions distributed throughout this architecture. In addition to the handling of user data communication, these switches also provide a set of network management-related functionality.
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Further, the report states that one challenge in market is issues involved in power saving mode in managed switches. Managed switches provide the advantage of low power consumption in an industrial set-up. Managed switches incorporate a power-saving mode in multiple ports to utilize power only when needed; this is the primary mechanism for reducing power consumption in a managed switch. However, in some cases, the power for non-critical ports will shut down for a longer time than required, which leads to a delay in the communication of process data to the control unit.
The following companies are the key players in the global managed industrial ethernet switches market: Siemens, Schneider Electric, Rockwell Automation, Beckhoff Automation, and Cisco. Other Prominent Vendors in the market are: Belden, B&R Automation, Eaton, Endress+Hauser, Parker Hannifin, ABB, Bosch Rexroth, GE, Honeywell International, IDEC, Hitachi, and OMRON.
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