Market Size – USD 36.4 billion in 2018, Market Growth – CAGR of 5.84%, Market Trends – rising demand for Ethernet.
The Industrial Data Acquisitions Systems market is expected to grow from USD 36.4 billion in 2018 to USD 58.2 billion by 2026, at a CAGR of 5.84% during the forecast period. Introduction and investments on high potential renewable energy sources, infrastructures, and industrial automating processes, rising adoption of PC-based DAQ systems instead of traditional data acquisition systems, increasing need for flexible, cost effective and time saving DAQ systems, availability of customizations based on software required for the end users and adverse adoption of IoT are some of the driving factors of the market.
Data security concerns, interfacing and signal conditioning complexities and software compatibility issues may restrain the growth of the Industrial Data Acquisitions Systems market.
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Further key findings from the report suggest
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For the purpose of this report, the market has been segmented on the basis of type, applications, and regional analysis.
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