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HMS Industrial Networks AB

Annual HMS Networks Report Confirms Growing Dominance of Industrial Ethernet

HMS Networks has released its annual analysis of the industrial network market, revealing key trends and developments. After an exceptional surge in 2023, the market experienced a slight slowdown in 2024, with a decrease of approximately 10–11% in newly installed nodes. This dip is primarily attributed to a more challenging economic environment, ongoing uncertainties, and excess production capacity in highly automated sectors such as automotive and manufacturing, particularly in Europe.

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