Data Acquisition System Market Share

North American Market Forecast

North America data acquisition (DAQ) system market is expected to hold 37% of the revenue share during forecast period due to its strong industrial sector development and technological infrastructure in the healthcare sector. For monitoring, analyzing, and optimizing their operations, this sector has a significant demand for data acquisition solutions. North America has become a leading participant in the market because of the adoption of modern data acquisition systems, which is fueled by the region's strong technological ecosystem and emphasis on innovation.

APAC Market Statistics

The data acquisition (DAQ) system market in Asia Pacific is anticipated to grow at significant CAGR with about 23% revenue share during the forecast period. This growth can be propelled by the rising adoption of new technologies like AI and IoT as well as the strict regulatory standards pertaining to product testing and measurement. Moreover, the strong government backing for manufacturing is another factor boosting the DAQ market expansion in the Asia Pacific region. As a result of the expanding e-commerce and retail sectors, Japan held a share of more than 15% in the Asia Pacific AI retail industry in 2020. By the end of 2021, 6.33 million more people are anticipated to purchase online than the 82.59 million current e-commerce users in the nation.