The virtual sensor market was valued at $235 million in 2018 and is projected to reach $910 million by 2023, at a CAGR of 31% during the forecast period. Rising adoption of IoT cloud platforms and significant demand across the manufacturing sector are expected to underpin the growth of the global market during the forecast period. Additionally, the growing deployment of virtual sensors may be due to a growing awareness of the benefits and cost-effectiveness of organizations.
A full report of Virtual Sensors Market available at https://www.orionmarketreports.com/virtual-sensors-market/7284/
Virtual Sensors Market: Segmentation
By Deployment Type
• On-premises
• Cloud
By Component
• Services
• Solutions
By Application
• IoT
• Cloud Platforms
• Security
• Analytics
• Others
By End users
• Process industry
• Oil & Gas
• Transportation
• Automotive
• Consumer Electronics
• Healthcare
• Defense & Aerospace
• Others
Major Players
• Aspen Technology, Inc.
• Cisco Systems, Inc.
• Elliptic Laboratories A/S
• EXPUTEC
• Honeywell International Inc.
• IntelliDynamics
• LMI TECHNOLOGIES INC.
• Modelway S.r.l.
• OSIsoft, LLC
• Siemens
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
