Data Logger Market Is Anticipated To Reach Us$ 12 Billion By 2031 Says, Transparency Market Research

The market for data loggers generated US$ 8 billion in revenue as of 2022 and is predicted to reach US$ 12 billion in 2031, registering a CAGR of 5%. The capability of data loggers to store data has significantly expanded their applications, particularly in remote and difficult-to-reach locations. With the rise of the Internet of Things (IoT), data loggers will increasingly integrate into the ecosystem. Automation solutions with customized features are in high demand, and USB data loggers are expected to hold the largest market share in 2023. The oil & gas segment is expected to hold a significant share of the global data Logger industry in 2023, and multi-channel data loggers are expected to lead the global market.