Based on soon to be published comprehensive market intelligence, VDC Research estimates the worldwide industrial wireline networking products market opportunity in 2010 was over $2.132 billion and is growing at a healthy pace of over 20% CAGR through 2015.
VDC based its robust forecasts largely on feedback obtained from 160 respondents using wireline networking products as well as over 145 channel respondents selling wireline networking products.
There are several primary drivers behind this vigorous growth outlook:
- Networking enables companies to realize real-time visibility into operational issues for better decision making, control and management. By having access to real-time data, managers are better prepared to make decisions that will improve performance, and improve quality and production.
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Networking provides the ability to monitor and control operations and machinery remotely. It provides the ability to incorporate device diagnostics and alarm reporting for operations, equipment, and devices. By using networking, troubleshooting and corrective actions can be accomplished remotely.
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Networking reduces the majority of the point-to-point hard wiring, which is both expensive to install, difficult to troubleshoot, and hard to modify. Networking allows easier add-ons, changes and removal of functions.
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Many users who seek plant floor automation often find wireline networking infrastructure products to be more reliable than wireless. Most industrial automation applications require monitoring and/or control equipment to work 100% of the time and users more commonly feel wireline products best guarantee this.
- The growing acceptance of application layer network protocols used with Ethernet networks as the de-facto standard for wireline industrial networking infrastructure is helping driving this strong growth. Improvements in industrial Ethernet-based network protocols around reliability, latency and improved real-time deterministic performance are all factors contributing to the growing adoption of Ethernet-based network protocols even in real control applications.
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