Global Data Acquisition (DAQ) Market 2020-2026

Global Data Acquisition (DAQ) Market Size, Share & Trends Analysis Report by Product Type(Hardware and Software), By Industry (Automotive, Aerospace & Defence, Energy & Power, Environmental Monitoring, Food & Beverages, Telecom, and Others) and Forecast 2020-2026
The global DAQ market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the growing Integration of data monitoring and analytics in manufacturing coupled with industrial automation across the globe. Big data is quickly becoming a significant element of the fourth generation of ERP (Enterprise Resource Planning) technology. According to the World Economic Forum, the connected world is producing data at a pace that is unprecedented in human history. For data tracking and capture, manufacturers now have access to more resources. Data is being obtained from conventional sources including classic consumer surveys, as well as more innovative applications such as the IoT and smart sensors to capture machine readings. However, the growing concern realted to data privacy and security further hamper the market growth during the forecast period.

The global DAQ market is segmented on the basis of product type and industry. Based on the product type, the market is further classified into hardware and software. The software segment is projected to have a considerable share in the global market. Based on the industry, the global DAQ market is further segmented into automotive, aerospace & defence, energy & power, environmental monitoring, food & beverages, telecom, and others(healthcare). The telecom segment estimated to grow at a considerable CAGR during the forecast period. Based on geography, the global DAQ market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region North America projected to have a considerable share in the global DAQ market.

The companies which are contributing to the growth of the global DAQ market include AMETEK Inc., Fortive, Keysight Technologies, National Instruments Corp., OMRON Corp., Teledyne Technologies, Inc., Tektronix, Inc., Siemens AG, and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.

Research Methodology

The market study of the global DAQ market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for DAQ providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation:

1. Global DAQ Market Research and Analysis by Product Type
2. Global DAQ Market Research and Analysis by Industry

The Report Covers

• Comprehensive research methodology of the global DAQ market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global DAQ market.
• Insights about market determinants which are stimulating the global DAQ market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.