Data Logger Market Segmentation:
Type Segment Analysis
The wireless data logger segment is anticipated to account for 52% of the global data logger market owing to a surge of networks switching to cloud systems. According to a report, 94% of businesses use cloud services, 67.5 percent of enterprise infrastructure is now cloud-based, and 92% of businesses have multi-cloud strategies in place. With advantages such as data analysis being carried on with test analysis, the segment is gaining much profit.
Channel Segment Analysis
Multi-channel data loggers are expected to garner the highest market value, owing to their user-end customization to fit any application feature. And with the world moving towards the digital era, multi-channel data loggers fit right in being user-friendly, gaining popularity.
Industry Segment Analysis
Data logger market from the automotive segment is estimated to hold the largest revenue share, owing to electronic systems being used more and more in automobiles. According to projections, the cost of a new car will be made up of about 50% electronics by 2030. The number of autonomous vehicles is expected to increase from an anticipated 31.4 million in 2019 to 54 million in 2024, which will further increase the demand for automotive electronics, increasing the market for data loggers.
Our in-depth analysis of the global market includes the following segments:
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