Global Virtual Sensors Market Research Report

 

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.

Request a free sample of this report

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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 


Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more