[FURL=https://www.industryarc.com/Report/19409/opc-ua-network-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]OPC-UA Network Market[/FURL] OPC-UA Network Market size is analyzed to grow at a CAGR of 6.3% during the forecast 2021-2026 to reach $18.3 billion by 2026. Open Platform Communications United Architecture, also termed as OPC-UA is the data exchange standard, designed for secure and reliable Industrial communication. There are multiple OPC standards that are designed in a series of specifications according to the requirements of the industry vendors and other end-users. Due to the rising implementation of industrial communication for enhanced industrial automation and building automation processes and communication protocol efficiency, various business verticals are leveraging to aim operational effectiveness, thereby driving the OPC-UA Network Industry growth. In addition, the rapid advancement in the areas of IIoT is accelerating the trend to promote factory modernization effort, such as diversity in connected equipment.Key Takeaways
The growing popularity of Industrial Control and Factory Automation due to 4.0 and other digital technologies such as AI across the factory floor denote Smart Factory, which further create a lot of opportunities for OPC-UA Network Market.
Europe dominated the OPC-UA Network Market in 2020 with a share of 46%, owing to the early adoptions of advanced technologies, such as IoT-enabled devices, machine-to-machine solutions, along with the presence of the prominent industrial players of wireless connectivity.
The General Manufacturing Industry is analyzed to register the highest share of 42% in 2020, owing to the growing demand for well-established manufacturing technologies such as connected factories, digital twins and robotics that needs high speed data communication for real-time working conditions.
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OPC-UA Network Market Segment Analysis – By Geography
Europe dominated the OPC-UA Network Market in 2020 with a share of 46%, followed by Asia Pacific, respectively. The early adoptions of advanced technologies, such as IoT-enabled devices, machine-to-machine solutions, along with the presence of the prominent industrial players of wireless connectivity lead huge opportunities for the OPC-UA Network Market in this region. In February 2021, Siemens, a technology company focused on digitalization, IoT and energy efficient production introduced the Sitrans CloudConnect 240: a new IoT gateway for the process industry.
OPC-UA Network Market Drivers
Growing popularity of Smart factory
Emergence of Industrial Robots
OPC-UA Network Market Landscape
The OPC-UA Network market top 10 companies include ABB Ltd., Advanced Industrial Automation Group, Emerson Electric Company, General Electric, Infineon Technologies AG, National Instruments, ICONICS, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and many more.
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