Press release
Virtual Sensor Market is Anticipated to Witness a Significant Annual Growth Rate of 29.1% during the forecast period till 2029 | Size, Growth & Industry Report
The factors driving growth of the Virtual Sensor Market includes increasing deployment of virtual sensor solution across end-use industries such as manufacturing, automotive and transportation, rising demand for virtualization architecture in wireless sensor networks and improvements in the living standards. Moreover, increasing use of virtual sensors for real-time monitoring, security, and surveillance in the military sector, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) and rise in the launch of innovative products, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic acquisitions and collaborations between key industry players and growing disposable incomes, are further contributing towards the market growth.
However, growth of the Virtual Sensor Market is hindered attributed to growing concerns related to security.
The prominent players operating in the market are Elliptic Labs, Aspen Technology, EXPUTEC, General Electric, Cisco, Honeywell International Inc., Tactile Mobility, IntelliDynamics, Siemens and Schneider Electric, among others.
Based on Component, the Services segment is predicted to dominate the market during the forecast period
Virtual sensors solutions provide accurate information to organizations with limited sensing position and helps in measuring difficult parameters by leveraging big data and machine learning algorithms, are some of the factors pushing growth of the segment.
Based on Deployment Mode, the On-Premises segment is projected to hold the highest market share over the forecast period
As per the Virtual Sensor Market Trends, on-premises deployment of virtual sensors runs on customer data centers and allows companies to control and manage and control every aspect of virtual sensors, are propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period
Government policies promoting the manufacturing of consumer electronic goods, growing demand for virtual sensor solutions across India, China and Indonesia, rapid industrialization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
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
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Virtual Sensor Market is Anticipated to Witness a Significant Annual Growth Rate of 29.1% during the forecast period till 2029 | Size, Growth & Industry Report here
News-ID: 2902921 • Views: 602
More Releases from GMI Research
Wireless Video Surveillance Market reached USD 39.3 billion in 2021 and will gro …
Wireless Video Surveillance Market size was USD 39.3 billion in 2021 and is slated to register a double digit CAGR of 10.3% during 2022-2029 and is projected to reach USD 85.5 billion in 2029
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/wireless-video-surveillance-market/
The factors driving growth of the Wireless Video Surveillance Market includes increasing demand for wireless video surveillance systems in smart city projects, rising deployment of wireless video surveillance…
Water Flosser Market was USD 868 million in 2021 and will reach USD 1,342 millio …
Water Flosser Market size hit USD 868 million in 2021 and is projected to reach USD 1,342 million in 2029 and the market is estimated to grow at a CAGR of 5.6% during 2022-2029.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/water-flosser-market/
The factors driving growth of the Water Flosser Market includes increasing prevalence of dental diseases around the world, growing consumption of candies, sweets, starchy food and tobacco products,…
Video Processing Platform Market is poised to rise at a higher CAGR of 14.1% dur …
Video Processing Platform Market is projected to grow at a significant Compound Annual Growth Rate (CAGR) of 14.1% during 2022-2029.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/video-processing-platform-market/
The factors driving growth of the Video Processing Platform (VPP) Market includes increasing penetration of smartphones around the world, growing demand for high quality videos, rising popularity of Video-On-Demand services and improvements in internet connectivity around the world. Moreover, commercialization of 5G…
Video Analytics Market was USD 6.1 billion in 2021, and is estimated to reach US …
Video Analytics Market was valued to be USD 6.1 billion in 2021, and forecast to touch USD 17.5 billion in 2029, growing at a significant higher CAGR of 14.2% during 2022-2029.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/video-analytics-market/
The factors driving growth of the Video Analytics Market includes growing demand for intelligent security surveillance systems, increasing incidences of theft at workplace, rising installation of CCTV cameras at buildings and…
More Releases for Virtual
A Virtual Globe: stunning virtual events platform for every business .
Ultimately, the world as we know it has changed. Whether we accept it or not, the reality is that the way we work, regardless of your profession, has already shifted to a digital presence and is only a matter of time before this becomes the new norm.
A Virtual Globe has launched its stunning virtual events platform that includes some really cool features such as Hybrid Mixed Reality and bespoke…
Virtual Schools Market 2019 Analysis By Connections Education K12 Inc Mosaica Ed …
With the slowdown in world economic growth, the Virtual Schools industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Virtual Schools market size to maintain the average annual growth rate of X% from XXXX million $ in 2014 to XXXX million $ in 2017, BisReport analysts believe that in the next few years, Virtual Schools market size will be further expanded,…
Alliance For Virtual Businesses Launches Virtual Assistants Chapter In Australia
On Friday 20 May 2011, International Virtual Assistants Day, Sharon Williams, founder of the Alliance for Virtual Businesses (A4VB) located in the USA, announced the opening of its Australian Chapter, A4VBAU.
On Friday, 20 May 2011, Virtual Assistants from around the globe celebrated International Virtual Assistants Day, the annual day of recognition of the VA industry. During the celebration, Sharon Williams, founder of The Alliance for Virtual Businesses (A4VB), a US-based…
Virtual Internet launches “On-Demand” Virtual Data Centers
LONDON, England Feb. 21, 2011 | Virtual Internet – Virtual Internet has announced a new cloud package called Virtual Data Centers which allow IT managers to virtualize their infrastructure “on-demand” via the Internet.
The new self-service package allows managers to slice and dice a minimum of 10GB (or more) of physical disk space and/or physical memory into multiple configurations at will.
Incorporating the best features of a private cloud and Infrastructure-as-a-Service (IaaS),…
Caribbean Association Of Virtual Assistants Open Virtual Assistant Directory To …
CAVA Seeks Outside Assistance In Order To Meet Increased Demands For Virtual Assistants
The Caribbean Association Of Virtual Assistants, the Caribbean’s leading association for virtual assistants is set to accept listings from virtual assistants the world over.
The industry is still fairly new in the Caribbean and due to ever-increasing demands for the services provided by members of the association, the directors have made the decision to seek outside assistance.
Virtual assistants…
Virtual Assistants Become a Little Less Virtual
Toronto, Canada … North American Virtual Assistants and particularly Canadian VA’s have never before had the opportunity to meet and exchange views in this kind of forum and on Canadian soil. Barb Lang, a Toronto based Virtual Assistant specializing in Event Planning, saw a need for new and seasoned VA’s to meet in person in order to exchange ideas and business expertise in a mastermind / workshop type event.…
