The research report studies the Data Acquisition market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each place is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The data analysts have used primary and secondary methodologies to consolidate the information in the report.. They have also used the same data to generate the current business scenario.
The data acquisition market registered a CAGR of 7.28% during the forecast period (2021 – 2026).
Top Leading Companies of Data Acquisition Market are Advantech Co. Ltd, Spectris PLC (HBM and Bruel & Kjaer and Omega), National Instruments Corporation, Schneider Electric SE, ABB Ltd, Honeywell International, Siemens AG, Rockwell Automation Inc., Keysight Technologies, General Electric Ltd, Omron Corporation, Yokogawa Electric Co., Tektronix, AMETEK (VTI Instruments), Bustec, Emerson Electric Co., Curtiss-Wright Corporation and others.
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Industry News and Updates:
– February 2019 – Advantech completed 80% acquisition of Omron Nohgata. With this acquisition, the company may effectively expand its embedded system market share in Japan and enhance its localized manufacturing services capability. Advantech further envisions cooperation with OMRON Corporation in IoT platform development.
– April 2018 – ABB and Hewlett Packard Enterprise (HPE) formed a partnership to combine ABB’s digital manufacturing system, ABB Ability, with HPE’s IT solutions. The partnership aims to provide manufacturers with actionable insights from significant amounts of industrial data. The purpose is to increase the efficiency and flexibility of manufacturing operations. In the future, owing to this partnership, it is expected that key players from different markets may come together to offer greater benefits to their customers.
Key Market Trends:
Human Machine Interface Accounts for Significant Share in the Market
– HMIs are used in various locations, such as process control, factory floor, machines, portable handheld devices, etc. Applications of this technology include various appliances, automotive, machine health monitoring, and industrial automation, among others.
– An HMI solution not only improves the productivity of the operator, but also provides insights into system control and maintenance. For instance, the HMI function of setting off alarms provides visual indicators of a machine’s issue and severity.
– Furthermore, technologies, such as Open Platform Communications Unified Architecture, integrated into PC-based machine controls, have allowed the safe transmission of encrypted data from machine to cloud and enterprise-level systems.
– Owing to the broadening of its functionality, through the integration with PLC applications or PC-based multi-user systems, HMI technology has also found increased adoption in the market.
– Moreover, the increasing adoption of Industrial IoT, coupled with these benefits of HMI, is expected to drive the market growth.
Scope of the Report:
This Data Acquisition market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading key players encompassing their successful marketing strategies, market contribution, recently developments in both historic and present contexts.
The regions are further sub-divided into:
–North America – US, Canada, and Mexico
–Europe – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
–Asia-Pacific – China, India, Japan, South Korea, Australia & Rest of APAC
–Latin America – Brazil, Argentina, Peru, Chile & Rest of Latin America
–Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa
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Key Questions Answered in the Data Acquisition Industry Report
- What will be the Data Acquisition market size?
- What are the new opportunities?
- What is the market share?
- What are targeted audiences?
- Which are the top players in Data Acquisition market?
- How the competition goes in the future?
- Which are the leading countries?
- What are the challenges in future?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. Further, it also allows you to do valuable competitor research to get inspiration for marketing the products. When it comes to satisfaction, it is necessary to get definitive idea about what is exactly going in the market. This report exactly provides overall market scenario.
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