Data Acquisition System Market Size, Status, Growth | Industry Analysis Report 2020-2027

The global Data Acquisition System Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the data acquisition system market include ABB Group, AMETEK Inc., Emerson Electric Co., Fortive Corporation, General Electric (GE) Company, Honeywell International Inc., Keysight Technologies, National Instruments Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Spectris PLC and Yokogawa Electric Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The key factors contributing to the growth of data acquisition systems are the growing adoption of industrial automation and the ever-increasing importance of data monitoring, as it helps with early fault detection and improved operational efficiency. The increasing need for precision and accuracy in measurement applications related to end-use industries and the rising demand for equipment that helps make strategic decisions in enterprises positively influence the DAQ system market.

The demand for central monitoring is rising as more and more industries are coming up in remote places, thereby driving the DAQ system market. Other factors such as the application of Industry 4.0 in the automotive and aerospace industry, growing investment in renewable energy power plants, infrastructure, power transmission, and distribution are fueling the demand for DAQ systems. Furthermore, increasing adoption of the SCADA system in the food & beverage industry to improve quality control of food, utilization of DAQ system, IoT in home automation solutions, and healthcare sector for medical data transmission and improved patient care will create new growth opportunities. The DAQ system market is facing some challenges hampering its growth. These include software compatibility issues, the need for high computational power for extensive and complex real-time data analysis, and complexities associated with interfacing and signal conditioning.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of data acquisition system. The growth and trends of data acquisition system industry provide a holistic approach to this study.

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Market Segmentation

This section of the data acquisition system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Offering

  • Hardware
  • Software

By Speed

  • High Speed (>100 KS/S)
  • Low Speed (<100 KS/S)

By Application

  • R&D
  • Field
  • Manufacturing

By Vertical

  • Aerospace & Defense
  • Energy & Power
  • Automotive & Transportation
  • Wireless Communication & Infrastructure
  • Environmental Monitoring
  • Healthcare
  • Food & Beverages
  • Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Data Acquisition System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

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