Market for industrial Ethernet expected to grow 51.4% in next five years
ARC Advisory Group recently released a study that names Modbus TCP as the world’s leading industrial Ethernet protocol, in terms of units shipped in 2004. This standing is significant given the current and projected growth of Ethernet in industrial applications, which is forecasted to grow at a compounded annual growth rate of 51.4% over the next five years. The market totaled 840,000 units in 2004 and is expected to total just over 6.7 million units in 2009.
