Global Time-Sensitive Networking Market: Things to Focus on to Ensure Long-term Success 2020-2026

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Global Time-Sensitive Networking Market
High-growth Regions to Expand Geographic
Footprint 2020- 2026
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Industry Overview

• Accordingly, to Global Market Insights research
  report The Time-Sensitive Networking market is
  likely to garner remarkable gains on account of
  surging demand for Industrial IoT (IIoT),
  industrial automation and real-time networking.
  Currently, major manufacturing businesses are
  heavily relying on industrial automation and
  communication networks. In fact, smart
  manufacturing houses are integrating different
  components like sensors and controllers over
  converged networks.
• These interconnected devices send data through
  multi-access edge computing and radio access
  networks to remote monitoring systems.
  Time-Sensitive Networking Market technology
  facilitates routing of massive traffic, which is
  triggered by data transmission through a
  converged network. Additionally, it offers
  relatively higher protocol layers and bandwidths
  than conventional ethernet switches present in a
  network infrastructure.
• However, TSN can require longer duration to
  refresh the switches, resulting in higher
  maintenance costs, thereby raising the overall
  cumulative cost of ownership by enterprises.
  Factors such as these could present some
  obstacles for Time-Sensitive Networking Market
  growth.

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• Communication technology solution providers are
  constantly focusing on innovating new controllers
  and processors, which may help scale TSN
  technology across various applications. Taking
  January 2020 for instance, CAST, Inc. introduced
  a switched TSN Endpoint Controller that fulfilled
  every TSN standard. This product would allow the
  company to offer a controller IP core that
  combines with hardware stacks and delivers
  enhanced traffic management, time synchronization
  ability and low latency Ethernet MAC.
• In terms of services, the Time-Sensitive
  Networking Market is bifurcated into professional
  services and managed services. Out of these,
  professional services segment is projected to
  generate more than USD 200 million by 2026.
  Businesses with specialized TSN technology
  expertise are offering dedicated services to
  consumers to simplify their networking issues
  associated with maintenance and deployment.
• Firms operating in this market are shifting their
  efforts on delivering advanced Time-Sensitive
  Networking Market solutions. Earlier in 2018,
  Microsemi, one of the leading providers of
  semiconductor and system solution, introduced
  SMBStaX, ISTaX, and Carrier Ethernet service
  packages. Reportedly, these software services
  were geared towards carrier, enterprise, and
  industrial applications.

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Growth Drivers

• Growing adoption of industrial automation
• Rising demand for deterministic ethernet
• Development of different industrial ethernet
  protocols
• Increasing adoption of Industrial IoT (IIoT) and
  Industry 4.0 solutions

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• Top Key Player in Time-Sensitive Networking
  Market are Siemens, NXP Semiconductors, Analog
  Devices, Inc., and Broadcom Limited are some
  other firms working on unveiling solutions to
  offer robust communication channels to clients
  and expand their product lineup. In 2018, Analog
  Devices, Inc. released industrial automation
  software for factory infrastructure. Evidently,
  this system involves radar sensors, TSN switching
  capability, device-level security and
  condition-based monitoring (CbM).

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