ReportsnReports.com adds report Global Industrial Wireless Automation Market 2014-2018to its store.Global Industrial Wireless Automation market to grow at a CAGR of 15.68 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing need for remote monitoring. The Global Industrial Wireless Automation market has also been witnessing growth driven by recent developments in wireless technology. However, the reliability and security of wireless devices could pose a challenge to the growth of this market.
Further development in wireless technology will help wireless automation to be used across a wide range of applications in the Industrial sector and will also help reduce operational costs in the long run. There has already been high adoption of wireless technologies such as Bluetooth, ZigBee, and WLAN. Other solutions such as WirelessHART, and SP100, also aid in the widespread use of wireless automation across various applications. The impact of the development of wireless technology and its use for different applications is expected to be high during the forecast period.
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According to the report, the Global Industrial Wireless Automation market is witnessing many growth drivers, one of which is the increasing need for remote monitoring. Efficient monitoring and sensing of on-going processes in an industry can lead to significant improvements in overall productivity.
Further, the report states that one of the major challenges in the market
is concern amongst end-users about the reliability and security of wireless
Key vendors dominating this space are Emerson Electric Co., Honeywell International Inc., Siemens AG, and Yokogawa Electric Corp.
Other vendors mentioned in the report are ABB Ltd., and CISCO Systems Inc.
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Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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