Virtual Sensors Market Size is Valued at USD 1.19 Billion in 2023, and is Projected to Reach USD 10.41 Billion by 2032, Growing at a CAGR of 31.10% From 2024-2032.
Software and algorithms that offer alternative data to that of actual sensors without the existence of the physical sensor make up the Virtual Sensors Market. These virtual sensors use AI, ML, and big data techniques to gain measurements, monitoring, and predictive features in various applications and industries.