INDUSTRIAL COMMUNICATION Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis

 Major factors that are expected to boost the growth of the industrial communication market in the forecast period are the rise in the demand for scalable, faster, reliable, and interoperable communication protocols. Furthermore, the growing of the utilization of digital twin to safely monitor smart production operations is further anticipated to propel the growth of the industrial communication market. On the other hand, the lack of standardization in the industrial communication protocols and interfaces is further projected to impede the growth of the industrial communication market in the timeline period. In addition, the 5G would offer profitable opportunity for growth of Industrial IoT in the coming years. However, the threats concerning the cybersecurity and the severe field site conditions such as high-voltage transients, severe shocks and vibrations, and the extremely high temperatures might further challenge the growth of the industrial communication market in the near future.



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