Global Virtual Sensors Market Research Report 2022

Market Analysis and Insights: Global Virtual Sensors Market
Virtual sensing techniques, also called soft sensing, proxy sensing, inferential sensing, or surrogate sensing, are used to provide feasible and economical alternatives to costly or impractical physical measurement instrument. A Virtual Sensor uses information available from other measurements and process parameters to calculate an estimate of the quantity of interest.
The global Virtual Sensors market size is projected to reach US$ 609.9 million by 2028, from US$ 203.1 million in 2021, at a CAGR of 16.5% during 2022-2028.
Fully considering the economic change by this health crisis, Cloud-based accounting for % of the Virtual Sensors global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Utilities segment is altered to an % CAGR throughout this forecast period.
China Virtual Sensors market size is valued at US$ million in 2021, while the North America and Europe Virtual Sensors are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Virtual Sensors landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Virtual Sensors market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Virtual Sensors market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Virtual Sensors market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Virtual Sensors market.
Global Virtual Sensors Scope and Market Size
Virtual Sensors market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Virtual Sensors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Cloud-based
On-premise
Segment by Application
Utilities
Oil and Gas
Manufacturing
Automotive and Transportation
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
General Electric
Siemens
Cisco
Honeywell
Schneider Electric
Elliptic Labs
Exputec
TACTILE MOBILITY
IntelliDynamics
ANDATA
Aspen Technology
OSIsoft
Modelway
LMI Technologies