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/PRNewswire/ -- According to the new market research report "IO-Link Market with COVID-19 Impact Analysis by Type (IO-Link Wired, IO-Link Wireless), Component...
IO-Link Market worth $24.2 billion by 2026 - Exclusive Report by MarketsandMarkets " IO-Link Market with COVID-19 Impact Analysis by Type (IO-Link Wired, IO-Link Wireless), Component (IO-Link Master, IO-Link Devices), Industry (Process, Discrete, Hybrid), Application, and Geography (North America, Europe, APAC) - Global Forecast to 2026", published by MarketsandMarkets, the IO-Link market size is projected to reach USD 24.2 billion by 2026 from an estimated USD 7.7 billion in 2021, at a CAGR of 25.6% from 2021 to 2026.The rising demand for Industry 4.0 and ability to support all fieldbus prot...
" Industrial Ethernet Market with COVID-19 Impact Analysis By Offering (Hardware, Software, Services), Protocol (PROFINET, EtherNet/IP), End-use Industry (Automotive & Transportation, Electrical & Electronics), and Region – Global Forecast to 2026", published by MarketsandMarkets™, the market was valued at USD 9.2 billion in 2020 and is projected to reach USD 13.7 billion by 2026. It is expected to grow at a CAGR of 7.3% during the forecast period. Growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing c...
Industrial Ethernet Market worth $13.7 billion by 2026 - Exclusive Report by MarketsandMarkets " Industrial Ethernet Market with COVID-19 Impact Analysis By Offering (Hardware, Software, Services), Protocol (PROFINET, EtherNet/IP), End-use Industry (Automotive & Transportation, Electrical & Electronics), and Region - Global Forecast to 2026", published by MarketsandMarkets, the market was valued at USD 9.2 billion in 2020 and is projected to reach USD 13.7 billion by 2026. It is expected to grow at a CAGR of 7.3% during the forecast period. Growing need for scalable, fast, reliable, and inte...
in 2020. The software offering plays a major role in the overall CNC controller system as modern CNC systems operate with upgraded software for better performance and the efficient control of machine operations. Major services such as retrofitting, maintenance, installation, and reconditioning are provided for the CNC controller when it is purchased by the end user. Software & services are significant components that ensure the efficient performance of CNC controllers and account for a major share of the overall market. Automotive industry is expected to hold the largest size of the CNC contr...