Advantech shows Rapid Market Growth with Updated Line of Ethernet Infrastructure Products Designed for Smart Applications
Attributed largely to increased demand for products designed for IoT initiatives, and generalized industrial growth in Asia, the 2018 IHS Markit Industrial Ethernet Infrastructure Components reports, “The world market in 2015 is estimated to have been $1.56 billion and grew 18.1% to 1.85 billion in 2016. In 2017, revenues are forecast to grow by 18.8%; overall, from 2016 to 2021, the revenues are forecast to grow with a 19.3% compound annual growth rate (CARG)”.
Anticipating this increased demand for IoT applications such as iFactory and Intelligent Transportation System; Advantech invested in developing Layer 2 and Layer 3 Intelligent Industrial Ethernet switches specifically designed to improve interoperability, decrease deployment time and ease integration issues.
Founded in 1983, Advantech is a leading provider of trusted and innovative products, services, and solutions. Advantech offers comprehensive system integration, hardware, software, customer-centric design services, embedded systems, automation products, and global logistics support. We cooperate closely with our partners to provide complete solutions for a wide range of applications in various industries. Our mission is to enable an intelligent planet by developing automated and embedded computing products and solutions that facilitate smarter working and living. With Advantech products, the application and innovation potential becomes unlimited. (Corporate website: www.advantech.com)