About Data Acquisition Software
Data acquisition (DAQ) refers to process of measuring an electrical or physical phenomenon such as voltage, current, temperature, pressure, or sound with a computer. A DAQ system consists of sensors, DAQ measurement hardware, and a computer with programmable software. Compared to traditional measurement systems, PC-based DAQ systems exploit the processing power, productivity, display, and connectivity capabilities of industry-standard computers providing a more powerful, flexible, and cost-effective measurement solution
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.83% |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Clear ice makers. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Acquisition Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Ltd. (Switzerland), Advantech Co. Ltd. (U.K.), Agilent Technologies (United States), Campbell Scientific Inc. (United States), Data Translation Inc. (United States), Schneider Electric SE (France), Honeywell International (United States), Siemens AG (Germany), Rockwell Automation Inc (United States) and MathWorks Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are General Electric Ltd. (India), Omron Corporation (Japan), Yokogawa Electric Co. (Japan) and Emerson Eletric Co. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Data Acquisition Software market by Type (Peripheral Component Interconnect (PCI), LAN Extensions for Instrumentation (LXI)/ Ethernet, VME Extensions for Instrumentation (VXI), PCI Extensions for Instrumentation (PXI), Universal Serial Bus (USB) and Standalone) and Region.
On the basis of geography, the market of Data Acquisition Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Aerospace will boost the Data Acquisition Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology advancement in Data Acquisition Software
Market Growth Drivers:
Increasing Investments in the Infrastructure And Renewable Energy Sector, Emergence of Big Data and Growing Demand for Open Architecture
Challenges:
Lack of Skill Set and Expertise
Restraints:
Data Theft and Security Concern, Deficient End User Knowledge and Expertise and High Cost of Implementation
Opportunities:
Evolution of Wireless Data Acquisition Systems and Increasing Demand for Paperless Chart Recorders and Data Loggers
Market Leaders and their expansionary development strategies
In Dec 2017, ABB and Hewlett Packard Enterprise (HPE) formed a partnership to combine ABB’s digital manufacturing system, ABB Ability, with HPE’s IT solutions. This provided customer with solution which generate actionable insights from vast amount of industrial data to increase the efficiency and flexibility of their operation and create competitive advantage.
In August 2023, ESC Spectrum provider of industry-leading products and services for customers in a host of industrial applications, has launched of Prism 1.8.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.