The Europe Data Acquisition System (DAQ) Market would witness market growth of 5.1% CAGR during the forecast period (2019-2025). Data acquisition systems require data structures that are complex, complicated and time-consuming, and include high hardware and software design costs. The performance of the data acquisition system depends entirely on the databases. Database damage can impact nearly all application programs. Migration from the conventional data collection method includes massive costs, which may prevent small and medium-sized enterprises from adopting data acquisition systems. The rise in cyber-attacks, which can impact the entire data acquisition system, is also a major challenge. The shortage of skilled labor in manufacturing facilities may also be a key factor in the growth of the industry.
The industries that make use of this technology include aerospace, pharmacy, wastewater services and industrial development. In these sectors, DAQ software operators and applications use them for activities such as data analysis, tracking and recording. In addition to allowing manufacturers to read data, data acquisition systems enable them to check a wide variety of technological products and make informed process changes. Operators may use DAQ software to input data on almost anything from gas pressure to voltage.
Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Research & Analysis, Manufacturing & Quality, Asset Condition Monitoring and Others. Based on End User, the market is segmented into Aerospace Defense & Government Services, Energy, Automotive, Wireless Communication & Infrastructure and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Data Acquisition System (DAQ) Market in Europe is expected to register a CAGR of 5.1% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Yokogawa Electric Corporation, Ametek, Inc., Fortive Corporation (Fluke Corporation), Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG, Keysight Technologies, Inc., and National Instruments Corporation.
Market Segmentation:
By Component
By Application
By End User
By Country
Companies Profiled
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