The necessity to efficiently manage the security, vulnerability, and the performance is another factor in increasing the market growth during the forecast period of 2021-2026.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global $50+ Billion Industrial Networking Solutions Market Trajectory & Analytics to 2027 - ResearchAndMarkets.com
January 18, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 18, 2021
Global Industrial Networking Solutions Market to Reach $50.2 Billion by 2027
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Amid the COVID-19 crisis, the global market for Industrial Networking Solutions estimated at US$13.2 Billion in the year 2020, is projected to reach a revised size of US$50.2 Billion by 2027, growing at a CAGR of 21% over the analysis period 2020-2027.
SDWAN, one of the segments analyzed in the report, is projected to record a 23.4% CAGR and reach US$17.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the WLAN segment is readjusted to a revised 19.4% CAGR for the next 7-year period.
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