What is Data Fusion Market?
Growing demand for IoT technology is accelerating the need for data transmission, propelling the data fusion market growth. With the advent of this technology, data association, state estimation, and decision fusion have become very simple and easy. Several advantages of the technology in IoT include reliability, efficiency, and accuracy in decision making. It makes the data coming from different sources more precise, sensible, intelligent, and decisive. The stages in which fusion takes place in IoT are decisive, feature, pixel, and signal level. The adoption of IoT is growing rapidly in almost all the devices, which require a high amount of fusion from different sources.
The market study is being classified and major geographies with country level break-up.
Esri (United States), AGT International(Switzerland), Thomson Reuters (Canada), LexisNexis (United States), Clarivate Analytics (United States), Merrick & Company (United States), Palantir Technologies (United States) and INRIX (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are InvenSense (United States) and Cogint (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Fusion market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Data Fusion market by Type, Application and Region.
On the basis of geography, the market of Data Fusion 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Emergence of IIOT
- Rise in Adoption of Data-Driven Decision Making
Market Trend
- Development in Data Fusion
Restraints
- High Investment Cost Required
- Changing Structure of Regulation Policies
Opportunities
- High Adoption of Data Fusion Tools and Services Among SMEs
Challenges
- Lack of Skilled Workforce
- Managing and Maintaining Data Quality
Key Target Audience
Data Fusion Tools Vendors, Managed Service Providers (Msps), Cloud Service Providers (Csps), Networking Companies, Value-Added Resellers (Vars), Support And Maintenance Service Providers, System Integrators, Third-Party Providers, Government Agencies, Consultants/Consultancies/Advisory Firms and Technology Providers