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Technavio Forecasts Strong Growth in the Global Industrial Wireless Market in Process Automation through 2019Technavio has announced the publication of a new report on the Global Industrial Wireless Market in Process Automation, which is expected to grow at a CAGR of 16.19 percent from 2014-2019. About the Report The latest report by Technavio draws attention towards increased R&D investment, which has precipitated continuous advancements in wireless technology and has reduced technical glitches during operations. Wireless technology aids in quick data sharing among various users within and outside an organization and also helps in easy and efficient monitoring of data from a single center. "Wireless technologies like Bluetooth, ZigBee (News - Alert) and WLAN and evolving technologies such as WirelessHART are being increasingly used in industrial applications," says Faisal Ghaus, Vice President of Technavio. The new Technavio report also emphasizes the integration of various technologies into standardized solutions, which will drive the future of the Global Industrial Wireless Market in Process Automation. Vendors are trying to develop a standardized system through continuous innovations and partnerships with end-users. "The interoperability of various technlogies has been a challenge for process industries. To combat this, vendors are trying to develop standardized solutions that will allow for more compatibility, integration and interoperability across industries and geographies," says Ghaus. Key Information Covered in the Report:
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