Dublin, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The "Growth Opportunities in the Data Acquisition Market, Global, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
In modern business operations, data is an essential factor in making crucial decisions. The drivers that contribute to the growth of the data acquisition (DAQ) market share a common thread - the need for more data analysis at every stage, from design to manufacturing and operations. Powerful factors drive this market, such as the widespread adoption of the Industrial Internet of Things (IIoT), the escalating costs of machine failure that necessitate conformance testing and design validation, and increasingly stringent government regulations. The high demand for multichannel measurement capabilities from end users, a consequence of the growing number of IIoT use cases, will be a major driver of market growth.
This analysis focuses on the global data acquisition market and determines that the market size will have grown from $1.89 billion in 2021 to $2.18 billion in 2028, at a compound annual growth rate (CAGR) of 2.8%, with a base year (2023) negative growth rate of 5.7%.
North America and Europe have relatively mature markets, mostly driven by DAQ ecosystem part replacement, whereas Asia-Pacific sees the integration of newer DAQ systems, attaining a faster CAGR of 3.3%. Higher electric vehicle sales in the automotive sector and the growing presence of distributed DAQ in industries that deal with large objects, such as aerospace and defense and energy, will further renew market opportunities.
Key Growth Opportunities
- Industrial IoT Solutions
- Multichannel DAQ
- DAQ in Conformance Testing and Design Validation
Key Topics Covered:
Growth Environment: Transformation in the Data Acquisition Market
- The Impact of the Top 3 Strategic Imperatives on the Data Acquisition Industry
Growth Environment: Ecosystem in the DAQ Market
- Scope of Analysis
- Segmentation
- Distribution Channels
Growth Environment: Companies to Action, DAQ Market
- Competitive Environment
- Key Competitors
Growth Opportunity Analysis: Growth Generator in the DAQ Market
- Growth Metrics
- Growth Drivers
- Growth Restraints
- Forecast Considerations
- Revenue Forecast
- Revenue Forecast by Application/Signal Type
- Revenue Forecast by Region
- Revenue Forecast by Industry Vertical
- Revenue Forecast Analysis
- Pricing Trends
- DAQ Applications
- Revenue Share
Growth Opportunity Analysis: Growth Generator Temperature
- Growth Metrics
- Revenue Forecast
- Forecast Analysis
Growth Opportunity Analysis: Growth Generator Voltage
- Growth Metrics
- Revenue Forecast
- Forecast Analysis
Growth Opportunity Analysis: Growth Generator Sound and Vibration
- Growth Metrics
- Revenue Forecast
- Forecast Analysis
Growth Opportunity Analysis: Growth Generator Strain
- Growth Metrics
- Revenue Forecast
- Forecast Analysis
Best Practices Recognition in DAQ Market
Next Steps
- Benefits and Impacts of Growth Opportunities
- Action Items & Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/s8qk7x
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