Press release

Global Time-Sensitive Networking Market 2019-2023 to Post a CAGR of Over 52% | Technavio

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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.

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Technavio has published a new market research report on the global time-sensitive networking market  ...

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
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
forecast period.

“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:
Segmentation analysis

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.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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