MARKET INTRODUCTION
Virtual sensing techniques also called as soft sensing are used to provide feasible and economical alternatives to the costly or impractical physical measurement instrument. A virtual sensing system uses the information available from other measurements and process parameters to calculate. Virtual sensors are made for measuring values by conventional physical sensors. Mathematical models and software functions are used to calculate the desired values from more simple and cheap available sensor signals.
MARKET DYNAMICS
The virtual sensors market is heavily influenced by driving factors such as predictive maintenance and potential reduction in the time and cost compared to physical sensors, rising adoption of IoT and Cloud Platforms. However, risks associated with data security due to the Use of IoT and cloud platforms is impacting negatively on the growth of virtual sensors market in the current market scenario.
MARKET SCOPE
The "Global Virtual Sensors Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global virtual sensors market trend analysis. The report aims to provide an overview of the virtual sensors market with detailed market segmentation by working type, by deployment mode, component and by end user. The global virtual sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading virtual sensors market players and offers key trends and opportunities in the virtual sensors market.
MARKET SEGMENTATION
The global virtual sensors market is segmented on the basis of by deployment mode, component and by end user. Based on deployment mode the market is segmented as solutions and services. Based on the component the market is segmented as cloud and on-premises. On the basis of the end user the market is segmented as oil and gas, automotive and transportation, process industry - manufacturing and utilities, electrical, electronics, and consumer technology, healthcare, chemical and aeronautics and defense.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global virtual sensors market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The virtual sensors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting virtual sensors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the virtual sensors market in these regions.
MARKET PLAYERS
The reports cover key developments in the virtual sensors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from virtual sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for virtual sensors in the global market. Below mentioned is the list of few companies engaged in the virtual sensors market.
The report also includes the profiles of key virtual sensors companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
- Aspen Technology, Inc.
- Cisco Systems, Inc.
- Elliptic Laboratories A/S
- EXPUTEC
- Honeywell International Inc.
- IntelliDynamics
- LMI TECHNOLOGIES INC.
- Modelway S.r.l.
- OSIsoft, LLC
- Siemens
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.