Future Growth of the Industrial Ethernet Market 2026
The global industrial ethernet market is projected to grow from USD 9.7 billion in 2021 to USD 13.8 billion by 2026; it is expected to grow at a CAGR of 7.3% from 2021 to 2026. The key factors fueling the growth of this market include growing need for scalable, fast, reliable, and interoperable communication protocols, increasing initiatives by governments of developing countries to promote adoption of industrial automation, and growing popularity of smart automobiles.
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