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Global Digital Isolator Market to Grow at a CAGR of 7.33% by 2021 - Rising Need for Industrial Automation - Research and Markets

[July 25, 2017]

Global Digital Isolator Market to Grow at a CAGR of 7.33% by 2021 - Rising Need for Industrial Automation - Research and Markets

The "Global Digital Isolator Market 2017-2021" report has been added to Research and Markets' offering.

The global digital isolators market to grow at a CAGR of 7.33% during the period 2017-2021.

The report, Global Digital Isolators 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.

According to the report, one of the major drivers for this market is rising need for industrial automation. Increasing inter-industry competition and the trend of adapting to customers' requirements have resulted in the need to improve production and manufacturing facilities. These needs have paved the way for improving industrial automation. Rising education levels are decrasing the percentage of the working-age population who are willing to work for manufacturing sectors. In such cases, the industries have started to focus on automating processes, which are efficient as well as effective. Industrial automation reduces reliance on labor; cuts down on employee wages; and boosts flexibility, speed and productivity.

Key vendors