Virtual sensors also known as soft sensors or eSensors are defined as the algorithms that generate values based on the machine-learning model of a physical process. These sensors use a data-driven approach to offer an effective way to obtain accurate readings along the entire processing chain without installing expensive hardware. These sensors can be deployed on cloud and on-premises systems. These sensors are capable of calculating values for every sensor at every stage without touching the physical world.

VISIONARY LEADERS

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

DYNAMIC DIFFERENTIATORS

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

INNOVATORS

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

EMERGING COMPANIES

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.

Virtual Sensor/Sensing Solutions

Comparing 17 vendors in Virtual Sensor/Sensing Solutions across 24 criteria.
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Algorithmica technologies is one of the leading providers of virtual sensor solutions. The company focuses on empowering its customers in better business decision-making. Algorithmica technologies delivers the best-in-class innovative business solutions.
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Cisco offers a wide range of solutions and services to diverse clientele scattered across different industry verticals. Cisco StealthWatch helps organizations in advanced threat detection and simplifies network by leveraging telemetry and existing network infrastructure. Moreover, Cisco StealthWatch helps organizations continuously monitor and detect advanced threats, and enables them to respond quickly and effectively.
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General Electric is a leading players in the virtual sensors market by launching innovative solutions required for various industries. The company offers virtual sensors in digital twin that works on the Predix platform to provide asset and system intelligence. Predix is a cloud-based platform which is used to power industrial apps. This platform also derives outcomes ranging from the reduction of unplanned downtime to improved asset output and operational efficiency. Furthermore, digital twins with Predix create software object to perform simulations, allowing for situational testing and further process optimization. The company strengthened its competitive position through investments in technology, globalization, and efficiency. The company has been investing in disruptive innovation, which is likely to improve its industrial productivity in the future.
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Honeywell is one of the leading providers of advanced software solutions. The company's advanced software solutions help organizations improve operations excellence, production management, and enterprise collaboration. Honeywell Predict-RT, intelligent data analytics framework, helps organizations in transforming process data into corrosion intelligence. Moreover, Predict-RT enables organizations to identify high corrosion rate and identify operational risks quickly. Honeywell Profit SensorPro enables organizations to improve control and optimization capabilities with less lab-based analyses.
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Elliptic Labs is one of the prominent providers of ultrasound virtual sensors. The company focuses on offering industry-leading innovative solutions to its customers. Elliptic Labs INNER REFLECTION received “Connected Home Speaker Solution of the Year” IoT Breakthrough Award. INNER REFLECTION offers capabilities, such as detect presence and track motion by leveraging ultrasound virtual sensor technology.
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Schneider Electric is one of the global leaders in energy management and automation. The company follows the idea of unique designs for introducing innovative solution and product portfolios.
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Siemens offers sensors in its Simcenter software which helps organizations in product performance verifications in engineering practices. The company has a major focus on Research and Development (R&D) activities which primarily involve the development of innovative and sustainable solutions. For instance, in 2018, the company invested 6.7% of its total revenue in R&D activities. Siemens is actively contributing to the digital transformation by consistently enhancing the Digital Enterprise portfolio in the field of cloud data platforms, which overlay the approach for new digital business models.
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