(EMAILWIRE.COM, March 14, 2019 ) The "Global IO-Link Market Analysis to 2027" is a specialized and in-depth study of the IO-link market with a focus on the global market trend. The report aims to provide an overview of the global IO-link market with detailed market segmentation by the component, application, industry, and geography.

IO-Link is a short distance, digital, bi-directional, point-to-point communication protocol intended to be used in automation technology by connecting digital sensors and actuators to either an Ethernet communication protocol or a high-level fieldbus. It delivers the data from these sensors which can be utilized for monitoring that in turn helps in enhancing the resources being used in the various industries.

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The growing focus on optimizing resources, increasing efficiency and reducing production costs, growth in digital industrial technology, government initiatives towards the adoption of industrial automation are the significant factors driving the growth of the market. Moreover, availability of cloud interface in IO-Link and launch of IO-link safety specification in 2017 is expected to provide significant opportunities for the IO-link market in the forecast period. However, lack of standardization and the usage limitations of IO-link's in high-speed applications is anticipated to hamper the growth of the IO-link market.

Leading Key Players

1. Siemens AG
2. Balluff GmbH
3. Ifm Electronic GmbH
4. SICK AG
5. Rockwell Automation Inc.
6. Festo AG & Co. KG.
7. OMRON Corporation
8. Banner Engineering Corporation
9. Hans Turck GmbH & Co. KG
10. Datalogic S.p.A.

The global IO-link market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the IO-link market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global IO-link market based on the component, application, and industry. It also provides market size and forecast till 2027 for overall IO-link market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM).

The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.

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Also, key IO-link market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years.

Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global IO-Link Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the IO-Link Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Contact Information:
The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us


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