1 / 7

Time-Sensitive Networking Market Growth Analysis & Forecast Report | 2023-2032

Time-Sensitive Networking Market is projected to cross USD 1.5 Bn by 2032, owing to the rising need to enhance business productivity and alleviate the production cost across enterprises. Besides, TSN has been gaining huge traction in industrial automation owing to the rising penetration of the IIoT (Industrial Internet of Things). Some of the key benefits offered by time sensitive networking includes bandwidth, security, interoperability, latency, and synchronization.

sudeepkedar77
Download Presentation

Time-Sensitive Networking Market Growth Analysis & Forecast Report | 2023-2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Time-Sensitive Networking Market Trends, Analysis & Forecast, 2032

  2. Industry Insights • Time-Sensitive Networking Market is projected to cross USD 1.5 Bn by 2032, owing to the rising need to enhance business productivity and alleviate the production cost across enterprises. Besides, TSN has been gaining huge traction in industrial automation owing to the rising penetration of the IIoT (Industrial Internet of Things). Some of the key benefits offered by time sensitive networking includes bandwidth, security, interoperability, latency, and synchronization. • Considering the components, the TSN service segment is slated to showcase lucrative growth through 2032. The growth can be credited to the product attributes such as ease of network configuration, secure networks, reduced system costs, and future enhancements. Besides, a lack of experience and expertise related to TSN technology among the enterprises will also play a key role in benefiting the industrial growth.

  3. Based on the solution, the switches segment held over 60% market share in 2022. The increasing adoption of TSN technology across sectors such as utility, automotive, and IIoT would prompt the market demand throughout 2023-2032. Moreover, TSN switches are ideal for making manufacturing networks compatible, are equipped with Ethernet and fiber-optic ports, boasts of a compact design • By service, the professional service segment acquired over USD 35 million market share in 2022. Rising demand for TSN professional services due to the mounting adoption of industrial automation across enterprises and increasing need to reduce and offer robust infrastructure for deploying TSN technology will favor the segmental growth by 2032. • Considering the application, the industrial automation segment held over 30% market share in 2022. The increasing adoption of industrial IoT for various applications would stimulate the product demand through the coming years. According to credible reports, over 75 billion devices are predicted to be connected via the Internet of Things (IOT) by 2025.

  4. Regional Analysis • Regionally, the North America time-sensitive networking industry was valued at over USD 150 million in 2022. The rising adoption of automation tools and Industrial IoT (IIoT) that empowers businesses to automate their processes is a key factor driving regional growth. In addition, constant industrial automation will also act as a key factor supporting the demand for TSN solutions in North America. • Competitive Analysis • Analog Devices, Inc.,BroadcomLimited,Belden, Inc.,Cisco Systems, Inc.,MicrosemiCorporation,Marvell Technology Group Ltd.,Nokia Corporation, Inc.,Renesas Electronics Corporation,TTTechComputertechnik AG

  5. Time-Sensitive Networking Market  @ https://www.gminsights.com/industry-analysis/time-sensitive-networking-tsn-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2319 Request for customization: https://www.gminsights.com/roc/2319

  6. Stay In Touch Social Media:

  7. THANK YOU www.gminsights.com

More Related