Global Virtual Sensors Market
The GMI Research forecasts that the Virtual Sensors Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising awareness among the organizations about their advantages, ongoing technological innovations, and cost-effectiveness.
Introduction of the Virtual Sensors Market:
Virtual sensors, also called soft sensors are software-based solutions. They are developed with the help of multiple output readings of physical sensors as a mathematical model. These solutions are used to overpower the limitations associated with the physical sensors. A single virtual sensor is capable enough to project results based on multiple parameters such as temperature, pressure, speed, and position.
Key Players of the Global Virtual Sensors Market:
- General Electric
- Honeywell International Inc.
- Schneider Electric
- Aspen Technology
- Tactile Mobility
- Cisco
- Siemens
- Elliptic Labs
- EXPUTEC
- IntelliDynamics
Virtual Sensors Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Virtual sensing solutions are in high demand, particularly in the telecommunications, technology, aviation, automobile, and media sector, and functional efficiency offered by them in the natural environment strengthens the demand for these solutions. In addition, their growing application by organizations to attain efficiency, agility, and scalability in their operations and timely insights into the performance of products will further stimulate the virtual sensors market growth. Additionally, administering the field performance of the manufactured products through these virtual sensors along with the implementation of IIoT proffers a window with an ongoing view that compares the actual usage with the anticipated use of manufactured products as reflected in parameters of the physical sensor. Thereby providing a valuable real-time estimate for improving the design process. Furthermore, the leading market players increasingly emphasize introducing a virtual sensing solution as a standard model. This standardization has become a significant drift observed as a viewpoint to characterize the sensed data and build a structure-based model for sensor deployment, which can further help recognize acute data points produced within a standardized model. This model is allowing various sensor applications to transform data seamlessly between sensor networks.
However, asper the virtual sensors industry, the increasing menace to cloud data is a significant restraint on the growth of the market. The apprehension about data security and their utilization of cloud sensor networks restrict organizations from adopting virtual sensors. Although, vendors are highly involved in developing a safe cloud solution to cope with the data breach concerns. Subscription-based private cloud platforms present in the market to overcome security and privacy issues.
Virtual Sensors Market Segmentation:
Segmentation by Component
- Solutions
- Services
Segmentation by Deployment Type
- On-Premises
- Cloud
Segmentation by End User
- Oil& Gas
- Healthcare
- Manufacturing
- Automotive and Transportation
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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