TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global Industrial Ethernet Market, which finds that the market is growing with a modest CAGR of 9.85 percent during the forecast period of 2014-2018.
A major driver for the market over the next four years will be cost savings for companies, as Ethernet allows manufacturers in the machine tools, machinery, and robotics industries to address the pressing need to reduce capital and operations expenses. Service providers use Ethernet in connecting LANs to MANs and WANs, which helps in reducing these expenses. Additionally, almost all types of networking equipment already have Ethernet, making the Ethernet interface cost efficient.
Furthermore, TechNavio finds there has been a trend towards the introduction of cost-effective Ethernet devices. Many vendors in the market, which include Alcatel-Lucent, Cisco Systems and D-Link Corp., have reduced the price of their Ethernet devices in order to remain competitive. Technological advancements in Ethernet technology have helped component suppliers reduce the cost of processors and electronic components used in the devices, which, in turn helps service providers further mitigate their operational costs.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
TechNavio (technavio.com) is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Industrial Ethernet Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.