Home Press Releases Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

by Press Room


(EMAILWIRE.COM, February 03, 2023 ) The Industrial PC Market is projected to grow from USD 5.0 billion in 2023 to USD 6.6 billion in 2028 at a CAGR of 5.5% from 2023 to 2028. Growing deployment of smart manufacturing solutions and increasing awareness of benefits of effective IT infrastructure are some of the key factors creating lucrative opportunities for the players in the industrial PC market.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=169907425

The market for DIN rail IPC is expected to grow at the highest CAGR from 2023 to 2028 within the industrial PC market. Factors such as DIN rail IPC’s ability to operate in rugged environments, function as an effective communication gateway for converting communication protocols, and its feature of IT-OT convergence, Industry 4.0- and IoT-ready enable it to gain an advantage of market opportunities provided by technologically developing manufacturing firms. Therefore, growing demand for connected factory and enterprise networks from manufacturing enterprises increasing the demand of DIN IPC in the forecast period.

The industrial PC market for direct sales is estimated to grow at a highest market share from 2023 to 2028. In direct sales, industrial PCs are sold through an in-house staff of a manufacturing company. Through these channels, bulk orders from end-user industries are procured directly from industrial PC manufacturing companies. In 2022, around 77% of industrial PCs were sold by manufacturers to end-user industries through direct sales channels. Due to these factors, the market for direct sales channels is expected to grow at the highest market share during the forecast period.

Process industries are expected to register a highest market share in the industrial PC market during the forecast period. The rising pressure on manufacturers to deliver cost-effective products while reducing manufacturing costs is driving the adoption of industrial PCs across various industries. In process industries, manufacturing firms focus on improving the quality of process inputs and enhancing consistency and efficiency to achieve optimum yield. North America is a major contributor to the growth of the industrial PC market for process industries. Manufacturers from the industrial sector in North America focus on adopting advanced technologies to enhance their production processes and optimize production output.

Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028. The growing implementation of automated technologies in the automotive, aerospace & defense, and semiconductor & electronics industries of Asia Pacific supports the growth of the industrial PC market in the region. The need to meet the demand for consumer products of the growing population in the Asia Pacific, along with the ongoing

industrialization in emerging economies, has led to increased production in automotive, semiconductor, and electronics industries in the region. This is likely to surge the demand for industrial PCs in Asia Pacific.

News Also Covered: https://www.prnewswire.com/news-releases/industrial-pc-market-worth-6-6-billion-in-2028—exclusive-report-by-marketsandmarkets-301735713.html

Related Reports:

Industrial Control & Factory Automation Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2027

Process Automation and Instrumentation Market by Instrument (Field Instruments, Process Analyzers), Solution (PLC, DCS, SCADA, HMI, Functional Safety, MES), Industry and Region (2022-2027)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

You may also like

About Us

Arab Africana™ publishes and aggregates business, socio-economic, Tech and industrial news on Arab countries in Africa.

 

We provide press release distribution to media in Africa including Arab countries, the Arab world and the GCC/MENA regions. To submit a press release for distribution, contact us today.

Trending Now

Newsletter

    ArabAfricana logo-white

    Arab Africana is part of GroupWeb Media Network. ©  2024 GroupWeb Media LLC