DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3t3hvm/global_data) has announced the addition of the "Global Data Acquisition (DAQ) Market - Market Size, Share and Forecasts (2015-2020)" report to their offering.
The Data Acquisition Market, valued at US $2.26 billion in 2015, is estimated to reach US $3.03 billion by 2020, at a compound annual growth rate of 6.04% during the five year forecasted period.
Data acquisition systems help in real time decision making because of their ability to obtain and analyse data on a real-time basis. Mobile and cloud-based solutions are the potential segments which will witness high growth over the forecast period. It is estimated that, integration of data acquisition systems with cloud and mobile technologies will spur up the demand for these solutions.
Considering this, companies are focusing on better solutions to maintain a competitive edge while facilitating the users to access the data at any time irrespective of location. Also, the expectation from end-user segment to communicate with mobile interface is also gaining traction. Hence, the increase in demand for advanced wireless applications is expected to drive the market for DAQ software and hardware in near term.
Another major factor driving the data acquisition market is the accelerating adoption of Ethernet: leading to growing confidence around interoperability and ease of integration. Moreover, increased demand for faster internet speed from end-users has led to the migration towards USB and Ethernet based solutions. Some other factors augmenting the market demand are changing customer and interoperability requirements, the need for faster processing and the improvement in open software standards. At the same time, a lack of specialized skills and security issues are hindering the growth of the data acquisition market. The cost of implementation is also a primary concern impacting market growth.
The Global Data Acquisition Market has been segmented on the basis Product 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), Standalone), Architecture (Hardware, Software, Services), Component (Human Machine Interface (HMI), Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), SCADA Communication System), End-User Industry (Aviation and Defence, Telecom and IT Industry, Chemicals, Power and Energy, Automotive industry, Transportation, Production, Food and beverages, Water and watershed management), and Geography (North America, Europe, Asia Pacific, Middle East and Africa).
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Dynamics
6. Data Acquisition Market Segmentation
7. Competitive Assessment - Market Shares, Profiles, Overview, Products and Services, Business Strategies, Recent developments and Innovations
8. Market Landcape: Current and Future
- ABB Ltd.
- Agilent Technologies
- Campbel Scientific
- Data Translation
- Schneider Electric
- Honeywell International
- Siemens AG
- Rockwell Automation
- General Electric
- Yokogawa Electric Co.
- Emerson Eletric Co.
For more information visit http://www.researchandmarkets.com/research/3t3hvm/global_data