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Global Intelligent Modules Market 2017-2021 - Latest Trend Gaining Momentum in the Market is Wireless Intelligent I/O Modules with Cloud Connectivity - Research and Markets

[July 11, 2017]

Global Intelligent Modules Market 2017-2021 - Latest Trend Gaining Momentum in the Market is Wireless Intelligent I/O Modules with Cloud Connectivity - Research and Markets

Research and Markets has announced the addition of the "Global Intelligent Modules Market 2017-2021" report to their offering.

The global intelligent I/O modules market to grow at a CAGR of 6.19% during the period 2017-2021.

Global Intelligent I/O Modules Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

These I/O modules are basically used in function-specific applications like speed control, humidity control, temperature control, and others. Process industries are expected to contribute more to the global I/O modules market with a share of nearly 80% by revenue. The major industries contributing to the global I/O modules market are power, water and wastewater, oil and gas, food and beverages, automotive, and pharmaceutical.

The latest trend gaining momentum in the market is Wireless intelligent I/O modules with cloud connectivty. Wireless intelligent I/O modules are basically used for operation and control of field instruments. To ensure the ease of interoperability between field devices, the wireless intelligent I/O modules are equipped with high-speed data transfer standards of the Institute of Electrical and Electronics Engineers (IEEE (News - Alert)) 802.11.

A broad range of wireless intelligent I/O modules are used in discrete industries that follow developments of Industry 4.0. The specialty of wireless intelligent I/O modules is that these modules can be used without the need for the gateway and have their own microprocessors independent of the PLC's microprocessor.

Key vendors