Virtual sensing techniques, also called soft sensing, proxy sensing, inferential sensing, or surrogate sensing, are used to provide feasible and economical alternatives to costly or impractical physical measurement instrument. A Virtual Sensor uses information available from other measurements and process parameters to calculate an estimate of the quantity of interest.

Market Analysis and Insights: Global Virtual Sensors Market
The global Virtual Sensors market size is projected to reach US$ 609.9 million by 2027, from US$ 203.1 million in 2020, at a CAGR of 16.5% during 2021-2027.
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Global Virtual Sensors Scope and Market Size
Virtual Sensors market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Virtual Sensors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Cloud-based
On-premise

Segment by Application
Utilities
Oil and Gas
Manufacturing
Automotive and Transportation
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
General Electric
Siemens
Cisco
Honeywell
Schneider Electric
Elliptic Labs
Exputec
TACTILE MOBILITY
IntelliDynamics
ANDATA
Aspen Technology
OSIsoft
Modelway
LMI Technologies