The global Industrial Data Acquisition Systems is expected to grow at CAGR of more than 5.0% over the forecast period.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Industrial Data Acquisition Systems Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Industrial Data Acquisition Systems Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. One of the major trends expected to boost this market over the forecast period is the transition from legacy data acquisition systems to PC-based systems. Data acquisition systems that run on personal computers are a product of recent technological advancements. In addition to saving money and time, this change also offers convenience to the final consumers. Engineers can improve their efficiency with a PC-based data acquisition system because the software can be tailored to their specific needs. Growth opportunities in this market over the next four years are projected to be stimulated, according to the report’s authors, who extrapolated factors like the advent of cloud-based acquisition systems. With the rise of IoT across industries, more and more sensors and other devices are becoming networked and producing vast amounts of data that will be stored in the cloud. Information saved in the cloud is accessible from anywhere at any time via a mobile device. Researchers have found that cloud computing can cut data storage costs by as much as 50%. The adoption of cloud-based data acquisition systems, however, has been hampered by security concerns. The establishment of security standards like Wi-Fi WPA2 encryption and HTTPS Secure Sockets, made possible by progress in technology, is anticipated to reduce data breaches, fueling future demand in this market. Sales volume (in K units) and revenue (in million USD) projections for the Industrial Data Acquisition Systems market are provided for the years 2017 through 2030, with 2022 serving as the base year.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Industrial Data Acquisition Systems Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Industrial Data Acquisition Systems Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Over the forecast period, hardware is expected to account for the largest share of the data acquisition system market. Modular data acquisition (DAQ) hardware allows for flexible configurations to meet the needs of a wide variety of specialized experimental setups, explaining its widespread use. Increases in demand for DAQ hardware can also be attributed to the increasing popularity of Ethernet, which is being driven by its many advantages, including its interoperability and simplicity of integration. As DAQ devices are increasingly used in process and discrete, laboratory/R&D, automotive, aerospace/defense, and other sectors of the manufacturing industry, demand is on the rise. Improved output and functionality in industrial DAQ and control applications are the results of the use of the external chassis and module. Adoption rates are increasing as more people switch to front-end systems that use USB and ethernet to provide the same computing power and functionality as a personal computer. This is ultimately driving the market for external chassis and modules.
Based on types, the Industrial Data Acquisition Systems Market is segmented into:
- External chassis and modules
- Plug-in analog I/O boards
- Software
Based on application, the Industrial Data Acquisition Systems Market is segmented into:
- Power industry
- Oil and gas industry
- Water and wastewater industry
- Chemical industry
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Recent Development
Dewesoft and the Austrian firm ELIN Motoren GmbH entered into a sales agreement in July 2021. Each motor and generator produced by the company must undergo a vibration measurement as part of the company’s comprehensive final inspection process. The criteria for selecting a suitable DAQ system included its portability, the ability to measure vibration and electrical power with a single system (raw data), and the need for seamless data delivery during testing to the KS Tornado testbed. Dewesoft’s data acquisition software, DewesoftX, was the ideal solution, so we were able to meet all of their needs.
High-performance real-time computer systems, solutions, and software for commercial and government markets were acquired by Spectris in the form of Concurrent Real-Time in July 2021. The RedHawk Linux solutions offered by Concurrent Real-Time provide hard real-time performance in service of some of the world’s most advanced hardware-in-the-loop and man-in-the-loop simulation, high-speed data acquisition, process control, and low-latency transaction processing applications. As a result, Spectris will be able to better serve customers in North America, Europe, and Asia from its existing network of regional offices.
The ADQ32, a fourth-generation modular data acquisition board designed for high-throughput applications, was released in February 2021 by Teledyne SP Devices, a division of Teledyne Technologies.
Regional Analysis
The global market for Industrial Data Acquisition Systems has been broken down by geography to look at how the different parts of the world (including North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India) are faring. Future market share growth for Industrial Data Acquisition Systems is expected to be led by the global region.
Regional Industrial Data Acquisition Systems Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Industrial Data Acquisition Systems Market include:
- Industrial Data Acquisition Systems Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/industrial-data-acquisition-systems-market-20392Key Market Participants in the Industrial Data Acquisition Systems Market :
AMETEK, Keysight Technologies, Spectris, Yokogawa, ABB, Acromag, ADLINK Technology, Advantech, Alstom, Bruel & Kjaer, Campbell Scientific, Data Translation, DEWETRON, DynamicSignals, Emerson Electric, Fluke, General Electric, HIOKI, Honeywell, MathWorks,, and others.
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