Data Acquisition (DAQ) System Market Size To Reach $2.25 Bn With Increasing Automation In Numerous Industries

The global data acquisition (DAQ) system market size is expected to grow from $1.64 billion in 2021 to $1.75 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. TBRC's data acquisition (DAQ) system market forecast sees it reaching $2.25 billion in 2026 at a CAGR of 6.6%.

Request a free sample of the DAQ System Market Report

Data Acquisition (DAQ) System Industry Growth

The increasing demand for automation is significantly driving the growth of the data acquisition system market. Automation refers to the application of technologies with minimal human intervention for producing and delivering goods and services. The majority of the industrial sectors are adopting automated technologies to cut back errors, reduce repetitive tasks, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of DAQ systems. For instance, according to the Future of Jobs Survey 2020, World Economic Forum, an international non-governmental and lobbying organization, 50% of business leaders are planning to adopt automation of repetitive tasks and 85% of business leaders said that automation will give more time to focus on the important goals to the company. Therefore, the increase in demand for automation is driving the growth of the data acquisition system market.

Data Acquisition Market Regional Outlook

North America was the largest region in the data acquisition system market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global data acquisition (DAQ) system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Data Acquisition (DAQ) System Market Segmentation

See more on the Data Acquisition System Market Report

Check out similar market reports:

Database, Storage And Backup Software Publishing Global Market Report 2022 – By Type (Database Software, Middleware Software, Storage And Backup Software), By End-User Industry (BFSI, Media And Entertainment, IT and Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing), By Deployment Model (On-Demand/Cloud, On-Premise) – Market Size, Trends, And Global Forecast 2022-2026

Data Governance Global Market Report 2022 – By Component (Solutions, Services), By Deployment Model (On-Premise, Cloud), By Organization Size (Small And Medium-Sized Enterprises (SMEs), Large Enterprises), By Application (Incident Management, Process Management, Compliance Management, Risk Management, Audit Management, Data Quality And Security Management, Other Applications), By Industry Vertical (BFSI, Retail And Consumer Goods, Telecom And IT, Government, Healthcare, Manufacturing, Energy And Utilities, Transportation And Logistics) – Market Size, Trends, And Global Forecast 2022-2026

Data Center Infrastructure Management Global Market Report 2022 – By Component (Solution, Services), By Deployment Model (On-Premises, Cloud), By Organization Size (Small And Medium-sized Enterprises (SMEs), Large Enterprises), By End-User (BFSI, Energy, Government, Healthcare, Manufacturing, IT And Telecom) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Contact Information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected] 
LinkedIn: https://in.linkedin.com/company/the-business-research-company 
Twitter: https://twitter.com/tbrc_info 
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ 
Blog: http://blog.tbrc.info/

Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg