Virtual Sensors Market: Revolutionizing Real-Time Monitoring and Predictive Analytics
The global Virtual Sensors Market was valued at USD 0.8 billion in 2023 and is projected to reach USD 5.32 billion by 2030, expanding at a remarkable CAGR of 31.08% during the forecast period. This significant growth is being fueled by technological advancements and increased demand from industries such as automotive, energy, manufacturing, and smart cities. Despite challenges such as regulatory constraints and raw material volatility, the market continues to evolve with sustainable solutions and smarter digital integration.
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