The global time-sensitive networking (TSN) market is expected to post a
CAGR of more than 52% during the period 2019-2023, according to the
latest market research report by Technavio.
This press release features multimedia. View the full release here:
Technavio has published a new market research report on the global time-sensitive networking market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global time-sensitive networking
market size is the digital transformation of the end-user industries.
Industry 4.0 has transformed various end-user industrial processes
through advanced technologies such as cloud computing, IoT, data
analytics, big data, 3D printing, augmented reality, and Web 2.0. Such
developments require low-latency, high-speed, high-bandwidth, and
flexible networks to ensure scalability. The use of time-sensitive
networking allows end-users to implement IoT technologies by connecting
sensors and embedded devices that can access real-time data and
information. Time-sensitive networking also helps end-users connect with
their suppliers and customers through integrated IT systems. Therefore,
the increasing focus of organizations on digital transformation is
expected to augment the growth of the time-sensitive networking market
worth during the forecast period.
As per Technavio, the advent of smart cities will have a positive impact
on the market and contribute to its growth significantly over the
forecast period. This global
time-sensitive networking market 2019-2023 research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.
Global Time-sensitive networking market: Advent
of smart cities
Various countries across the world are increasingly focusing on the
implementation of smart cities that involve advances such as automatic
traffic control, home monitoring, waste management, water management,
and safe and intelligent transportation. As the number of smart cities
is expected to grow rapidly, a significant amount of data will be
generated from the installed smart connected devices in these cities.
The analysis of this data is necessary for further improvements and
innovations. Therefore, many companies are focusing on installing
time-sensitive networking in smart cities to have high-speed networking
and to gain asynchronous traffic shaping. Thus, the advent of smart
cities will fuel the time-sensitive networking market growth during the
“Apart from the advent of smart cities, other factors such as the
increasing adoption of autonomous and electric vehicles, rising
dependence on the Internet, and the emergence of advanced analytical
tools will have a positive impact on the growth of the time-sensitive
networking market size during the forecast period,” says a senior
analyst at Technavio.
Global Time-sensitive networking market:
This market research report segments the global time-sensitive
networking market by application (industrial automation, automotive,
digital communication, power and energy, and others) and geographic
regions (APAC, Europe, MEA, North America, and South America).
The North American region led the TSN market in 2018, followed by
Europe, APAC, MEA, and South America respectively. The growth of the
time-sensitive networking market revenue in North America can be
attributed to the increasing adoption of secured cloud services and the
high adoption of advanced technologies such as 5G and AGVs in various
industries. The US and Canada are the main revenue contributors to the
market in the region.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team