The Global Smart Sensors Market Is Witnessing High Demand


Posted September 23, 2021 by Amruta57

These sensors are capable of performing many functions. By using the internet users can easily buy the right kind of smart sensor according to their need and requirement.

 
Low consumer awareness regarding smart systems and increasing safety concerns of security of the data is a major restraint for growth of smart sensors market. For instance, according to Coherent Market Insights’ analysis, number of data breaches in 2015 was 781 million and it reached up to 1,095 million in 2016. The rate of generation of data is very high and the rate of data analysis is not as quick as required. As a result, the life of a new algorithm or platform is short and it gets obsolete quickly thus, leading to failure of system to handle the heavy traffic of data generated from smart sensors. This hampers the efficiency of entire system and is a major cause of concern for many companies as it results in loss of revenue. This is a major problem and is expected to be a factor negatively impacting growth of the market.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Amruta
Phone 2067016702
Business Address 1001 4th Ave
Country United States
Categories Business , Electronics , Engineering
Tags sensor market , smart market , smart sensor , smart sensor industry , smart sensor market
Last Updated September 23, 2021