Automotive & Transportation
Power over Ethernet solutions market growth to be influenced by rising commercial smart buildings
The global PoE solutions market share is on the rise, a trend that is expected to continue over 2019-2025. PoE solutions industry outlook will be augmented by widespread adoption of VoIP solutions, IP cameras, smart office buildings, access control systems etc. PoE solutions are estimated to make huge strides in various sectors owing to the new wave of technology and digital advancements that are transforming security operations.
APAC Power over Ethernet (PoE) Solutions Market Share, By Region, 2018
The healthcare ecosystem is increasingly coming to include smart technologies that will significantly contribute to Power over Ethernet solutions market growth in the forecast years. For instance, use of IP cameras in the hospitals and healthcare facilities is anticipated to become ubiquitous in the times to come. Hospitals have started deploying IP cameras to monitor when a patient sits up in bed, gets out of bed, or is tossing and turning in a restless effort to get to sleep. These cameras have enhanced patient care to a greater extent. Use of IP cameras has been growing in hospitals to observe high risk patients efficiently. Adoption of IP cameras will in turn augment PoE solutions market outlook in the coming years.
Another utilitarian device which will supplement growth of PoE solutions industry is increasing use of VoIP phones. By deploying VoIP phones, enterprises have been incessantly improving communication and collaborations among employees and remote users to increase business productivity. Leveraging the benefits of converged voice and data services, companies have enhanced their performance and communication. The convergence of unified communication services and enterprise VoIP to enable video-conferencing, live-chat, and other calling capabilities is expected to fuel VoIP market size and invariably expand PoE solutions industry trends.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/3346
Several technology companies have been toiling to develop PoE solutions and devices to support innovation. For instance, IP-COM has reportedly rolled out the G3210P, an 8-Port gigabit PoE switch with 2-Port SFP. The G3210P has been designed independently to satisfy the need of building a high-performance Gigabit Ethernet network. It can source electricity to high-power PDs and also can transmit data and supply electricity at the same time to IP Phone or IP Camera, AP via Cat.5e twisted-pair cables. Companies launching such devices in the market will remarkably contribute to foster PoE industry share by 2025.
Proliferation of Internet of Things (IoT) is among major drivers that will lead to PoE solutions market size expansion in the coming years. Adoption of IoT among enterprises has increased rapidly to support advancements in business infrastructure. Around 85 percent of organizations who acquire deep expertise with IoT have succeeded in propelling revenue share faster than rivals.
Nearly 68% of enterprises are using IoT to track security of physical assets, making this use case the most common across enterprises today. Approximately, 34% of global businesses are using IoT in daily operations, up from 29% in 2018, with 95% of IoT adopters already recording appreciable benefits. Rapid deployment of IoT among organizations is going to considerably increase PoE solutions market share as PoE has the potential to power the network ecosystem of the future that will enable global digital transformation.
Businesses have also increased focus on infrastructure security to protect sensitive data. Office spaces these days are being equipped with various security systems that require considerable investments. For instance, Euromicron AG has reportedly secured the contract for a major building technology project worth €3.6 million. The building will be completely equipped with access control. Transponder readers will be installed at all entrances and doors on floors, at the entrances to stairways, in the underground car park and basement, and at the doors to the IT technical rooms. PoE solutions industry outlook will be positively influenced by the rising deployment of security and access control systems throughout technologically advanced office spaces.
Smart lighting is yet another feature that is being widely integrated into the smart buildings of tomorrow. Typically, lighting is responsible for 40 percent of a building’s electricity use. To develop smart office spaces with minimal electricity use, smart lighting industry players have been striving to adopt various strategies.
For instance, in the year 2015, Philips and Cisco had announced a global strategic alliance to create new value in energy savings, building efficiency and employee productivity by promoting connected lighting system. Both the companies had intended to deliver a consistent PoE-powered LED lighting solution utilizing a highly secure IT network. Close to 80% in energy savings and decreased building maintenance expenses can be achieved by operating, integrating and regulating a Philips LED connected lighting system via a network with Cisco. Instances of such efforts are in plenty and are anticipated to propel Power over Ethernet solutions market share.
Significantly, commercial sector has contributed to a market share of nearly 30% to PoE solutions industry in 2018 and the trend of integrating smart solution will help to maintain similar growth patterns over 2019-2025.
With growing adoption of smart solutions in office and commercial space, PoE solutions will be much in demand for enabling these smart solutions. Global Market Insights, Inc., has estimated that global PoE solutions market share is anticipated to exceed $2 billion by 2025.
Author Name : Anchal Solanki
3 vital trends impacting industrial communication market size
The global industrial communication market has thrived successfully in the recent decade as growing adoption of these components in Industry 4.0 has effectively helped increased productivity in major industries. Labor reduction, waste reduction, repeatability, enhanced quality control, and integration with existing business systems have given companies an added advantage by lowering long-term costs, which could indirectly increase product output and revenue.
U.S. Industrial Communication Market Revenue, By Component, 2018 & 2025, (USD Million)
An industrial communication network is the backbone for any automation system architecture as it can offer powerful means of data exchange, controllability and flexibility to connect to various devices. The use of digital communication networks in industries can also lead to improved end-to-end digital signal accuracy and integrity.
Communication networks like LAN (Local Area Network) or WAN (Wide Area Network) can communicate large amounts of data via limited number of channels. Whereas industrial networking enable implementing various communication protocols between field devices, digital controllers and several automation related software tools and external systems. Therefore modern industries have demonstrated increased adoption of industrial communication networks over traditional LAN and WAN. This has led to industrial communication market size depicting a substantial increase lately.
For instance, according to renowned automation conglomerate ABB, and one of the notable players in industrial communication market, the firm’s revenue increased by 5% to $7,395 million in 2018. This has been credited to the strong growth in robotics & motion, robust performance achieved from electrification products and a steady result owing to industrial automation.
Some of the trends that industrial communication market is being defined by are mentioned below:
- Long-term application of industrial communication in the industrial automation sector
Growing demand for increased data processing speed will foster industrial communication market size in the automation sector. As industrial operations are becoming more complex and variable, the market has registered immense growth over recent years. Indeed, a greater number of network-based programmable controllers and mechanisms are required within modern industries to attain faster decisions and increased productivity and efficiency.
With network-based automation, companies can also attain increased saving in work force, energy, raw material, better control on product quality and enhanced plant availability and operational safety. In fact, the technology can help in raising the levels of process control & continuity with improved efficiency, eventually bringing potential production figures to the nominal plant capacity by cutting downtime, corrective maintenance and the lack of raw material supply to minimum.
With efficient real-time communication system like PROFIBUS-DP or PA, Fieldbus and more, distributed peripherals such as Input/output (I/O) modules, transducers, drives, valves and operational panels can also communicate with automation systems more accurately.
Thus, with the advent of the automated systems that are based on advanced industrial communication and technology, the automation sector will attain enhanced benefits in terms of maintenance, and increase plant productivity, further augmenting industrial communication market size.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/3367
- S. to emerge as a pivotal revenue pocket for industrial communication market in the forthcoming years
Being a major producer of automation equipment, U.S. is anticipated to drive massive growth in industrial communication market. Citing International Trade Association (ITA) reports, the country is the leading producer of hardware components that are used in automated systems as well as a major supplier to manufacturing or production industries across the globe.
In fact, in 2015, U.S. exported nearly $10.5 billion worth of automation equipment to foreign markets, claims ITA. Sources suggest that supportive government policies and the presence of global automation players like General Electric, Honeywell, Rockwell, Emerson Electric and more will pave the way for industrialization in the region. Additionally, the increasing adoption of Industry 4.0 will boost the demand for the industrial communication technologies in the coming years, successfully proliferating U.S. industrial communication industry size.
- Wireless communication technologies to enhance industrial operations
Advancements in wireless communication along with growing adoption of advanced tech-based devices will drive the industrial communication industry. The key advantage of wireless systems is that they can be installed in remote locations in an efficient and cost-effective manner. As battery-powered transmitters don’t require wired infrastructure or power supply, they can be installed across areas that are far away from power wiring and wired fieldbus.
They can also be installed in sites where setting up power and cabling systems would be dangerous or too expensive. This flexibility allows use of wireless in both Greenfield projects and ongoing Brownfield projects.
Owing to the low-power nature of Wireless HART devices, users can also operate such equipment for several years without replacing the battery. Moreover, engineering, procurement, and construction contractors and plant owners can increasingly shift to wireless communication technology as it is beneficial in terms of reducing physical fixed infrastructure, managing schedule risk and cost escalation, and reducing space requirements and weight.
According to reports, adopting wireless solutions have reduced commissioning time by 50% for some contractors. The technology further helped in streamlining the design and engineering process, maintaining project schedule and improving user’s ability to manage change on their project. The prominence of this technology is rather overt from the estimate that wireless charging market size is slated to cross $14 billion by 2024.
Moreover, with industry-leading process plants installing wireless infrastructure, industrial communication market size from the wireless communication protocol is estimated to grow at a CAGR of over 22% over 2019-2025.
In a nutshell, it would not be incorrect to quote that industrial communication industry is likely to come up as a highly profitable vertical of the overall electronics cosmos. As per estimates, global industrial communication market size is anticipated to exceed USD 160 billion by 2025.
Author Name :Mateen Dalal
Global Market Insights Inc. 