The need for factories to scale and operate more efficiently is ramping up quicker than ever. What does this mean? It means older devices on the floor that use multiple types of legacy serial based industrial protocols, need to get converted Ethernet based industrial protocols like Ethernet/IP, MODBUS TCP etc... Many times, these floors are expanding their networks through the addition of devices to prepare for and align with company growth goals. All these reasons lead to the anticipated growth of the global industrial Ethernet switch market at 14% CAGR (Compound Annual Growth Rate) between 2017 and 2023 (Source: Global Report on Industrial Network Switches - Market Watch). In US dollars, this market value is figured to be worth $2 billion by the end of the forecast period.