Global Time-Sensitive Networking Market – Opportunities & Forecast 2016-2021
The global time sensitive networking market has grown significant increase in the recent years. The development of IEEE Standards for Ethernet as well as rise in the adoption rate of industrial internet of things technologies worldwide. In addition, the increased demand for time-sensitive networking in automotive application is also an important factor which will help in the growth of time-sensitive networking market during the forecast period. On the basis of component, switches segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed to increased usage of time sensitive networking enabled switches in various end-use applications. Many key players are focussing towards the development of these switches in the near future. On the other hand, the automotive application segment is projected to grow at the fastest rate during the forecast period owing to the fact that time sensitive networking uses deterministic ethernet which inturn helps