Virtual Sensors Market Overview:

Global Virtual Sensors Market is calculated to value over USD 1 Billion by 2027 end and register a CAGR of over 29.9% during the forecast period 2020 to 2027.

Virtual sensors are experiencing a rising demand globally particularly in the technology, telecommunications and media sector. They are cost-effective and are more preferred over physical sensors for data storage. One primary reason for this preference is the efficiency that these sensors offer in the virtual environment as compared to physical sensors which boost the global market.

Based on the type of deployment, the market is bifurcated into cloud deployment and on-premises deployment. Cloud deployment allows employees to operate their business remotely and the enterprises save huge sums of money that they would have invested in deploying physical servers.

Component-wise, the market is fragmented into solutions and services. Vendors provide advanced features to enterprises in the form of solution packages that provide them with a comprehensive perspective towards numerous problems.

Depending on end-user, the market is categorized as process industry, automotive & transportation and oil & gas. The process industry is further segmented into manufacturing and utility sub-segment. Process industries- especially utilities and manufacturing are adopting advanced integrated systems and virtual sensors play a crucial role in making this system work efficiently which has increased the scope of this market segment worldwide.

Virtual Sensors Market Regional Insight:

The global market is regionally categorized as North America, Europe, Asia Pacific and rest of the world. Huge investments in advanced technologies by multiple enterprises and the presence of many established vendors in the region are some of the reasons for the global dominance of this market space.

Competitive Landscape:

  • GE
  • Cisco
  • Honeywell
  • Siemens
  • Schneider Electric
  • Elliptic Labs
  • Algorithmica Technologies
  • Exputec
  • Tactile Mobility
  • Intellidynamics
  • Andata
  • Aspen Tech.
  • Osisoft
  • Modelway
  • LMI Technologies

Virtual Sensors Market Segmentation: 

By Region

By Deployment

  • Cloud
  • On-Premises

By Component 

  • Solutions
  • Services

By End User

  • Process Industry - Manufacturing and Utilities 
  • Healthcare
  • Automotive & Transportation
  • Oil & Gas
  • Chemical
  • Aeronautics and Defense
  • Others

FutureWise Key Takeaways:

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

Objectives of the Study:

  • To provide with an exhaustive analysis on the global virtual sensors market by region, by deployment, by component, by end user
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific and rest of the world
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies


Need Assistance


UK : +44 141 628 9353
US : +1 347 709 4931


Contact Sales

What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics