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The industrial ethernet 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.
The growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing countries to promote the adoption of industrial automation, and the growing popularity of smart automobiles are contributing to the growth of the industrial ethernet market. The rising adoption of 5G to act as a growth opportunity for the market players.
Based on the offering, hardware to account the largest share during 2021-2026. ....

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