Data Acquisition (DAQ) Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Between 2018 and 2022, the market experienced consistent growth, with key players in the field, such as National Instruments, Keysight Technologies, and Tektronix, continuing to innovate and expand their product offerings. This period saw a growing trend toward wireless data acquisition systems, enabling remote monitoring and control, as well as cloud-based platforms for enhanced data storage and analysis. Additionally, the rise of machine learning and artificial intelligence (AI) has further driven the demand for more sophisticated DAQ systems capable of handling vast amounts of real-time data.
The DAQ market outlook from 2023 to 2033 is expected to be significantly influenced by the continued evolution of smart cities, industrial automation, and the ongoing digital transformation across various industries. Key factors such as increased government investment in infrastructure development, the need for predictive maintenance in industrial sectors, and the growing demand for data-driven decision-making will push the market further. The demand for DAQ systems will be further supported by advancements in edge computing, 5G networks, and big data analytics, which will enable faster, more efficient data collection and processing.
One of the major trends expected to dominate the DAQ market in the coming decade is the integration of artificial intelligence and machine learning capabilities within data acquisition systems. These technologies will allow DAQ solutions to offer predictive analysis, identify patterns, and optimize system performance in real time. Moreover, industries such as electric vehicles (EV), renewable energy, and healthcare are expected to drive substantial growth for DAQ solutions, as these sectors require constant monitoring of performance metrics to ensure operational efficiency and reliability.
As the demand for high-performance data acquisition systems continues to rise, manufacturers are focusing on improving product versatility, enhancing scalability, and reducing system complexity. Future DAQ solutions are expected to feature multi-channel capabilities, increased accuracy, and robust data security features to address the growing need for comprehensive data analysis in mission-critical applications.
Get an In-Depth Research Analysis of the Global Data Acquisition (DAQ) Market Size And Forecast [2025-2032]
The Data Acquisition (DAQ) market has witnessed notable growth from 2018 to 2022, driven by advancements in automation, increasing demand for real-time data, and significant investments in industries such as automotive, energy, and healthcare. The DAQ market's rise during this period has been fueled by the integration of IoT technologies, which has allowed for the seamless collection and analysis of data from sensors and devices. These improvements in DAQ systems have led to greater efficiency in operations, improved decision-making, and optimized performance across multiple sectors.
Siemens
Honeywell International
Schneider Electric
ABB
Emerson
Rockwell Automation
HBM
Adwin
Alstom
General Electric
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Data Acquisition (DAQ) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Data Acquisition (DAQ) Market
Oil & Gas
Power Generation
Manufacturing
Based on Types the Market is categorized into Below types that held the largest Data Acquisition (DAQ) market share In 2023.
Hardware
Software
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Data Acquisition (DAQ) Market Research Analysis
1. Introduction of the Global Data Acquisition (DAQ) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Data Acquisition (DAQ) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Data Acquisition (DAQ) Market, By Type
6. Global Data Acquisition (DAQ) Market, By Application
7. Global Data Acquisition (DAQ) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Data Acquisition (DAQ) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/