Data Historian Market
A new market study, titled “Data Historian Market” has been featured on Market Research Future.
Market Research Future (MRFR) reveals that the global data historian market can reach a valuation of USD 1,406.23 million by 2024. The market can also note a growth rate of 6.9% during the forecast period (2019–2024).
Top Drivers and Key Barriers
A data historian solution is used to record the data obtained during a process and gathers it by time. The software helps store data in an efficient manner with fast retrieval and need for low disk storage. Various industries make use of the control systems are generally the data historian software. Data historian software finds widespread use in processes like chemical plants, datacenters, pharmaceutical manufacturing, automobile, paper and pulp, water management, oil and gas, etc.
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Furthermore, the data historian software has the ability to record data on network bandwidth, fluid levels, fan temperature, pressure level, limit switches and valve positions. The data historian software forms an integral component of any corporation, given its use to manage mounting data volumes to bring down the storage cost, enhance productivity and maintain smooth flow of the business. These qualities have led to strong demand for data historian over the years. One of the significant applications of the data historian software is in the oil and gas companies, which make extensive use of predictive maintenance features of the data historian solution.
The data historian software is able to synchronize the data, thereby reducing the complexity and maintaining numerous connections across various site locations. This factor is believed to be stimulating the growth of the data historian market across the globe. In addition, the surging need to acquire needed data at the right point of time in order to prevent any accident in the processes, can also induce the growth of the data historian market.
Market Segmentation
The global market for data historian has been extensively analyzed with regard to segments like component, deployment, organization size, application, time series database type and end user.
Given the component segment, the market includes software and services. The service segment comprises professional services and managed services.
Deployment-wise, the market has been split into cloud-based and on-premise
Considering the organization size, the market can be broken down into large enterprises and small and medium enterprise (SMEs). The large enterprises across the globe are concentrating on focusing on efficient data management, which is expected to expand the business growth. Therefore, the large enterprises segment is expected to take the lead in the market during the review period.
Application-wise, the market has been segregated into environmental auditing, production tracking, predictive maintenance, asset performance management, and others.
The types of time series databases in the market are operational and open source.
The end-users in the market are marine, chemicals and pharmaceuticals, oil and gas, metals and mining, utilities, paper and pulp, data centers, and others.
Regional Insight
Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW) are the primary markets for data historian and have been thoroughly examined, considering the latest trends and growth opportunities.
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Data Historian Software MarketMarket Research Future (MRFR) reveals that the global data historian market can reach a valuation of USD 1,406.23 million by 2024.
Various industries make use of the control systems are generally the data historian software.
Data historian software finds widespread use in processes like chemical plants, datacenters, pharmaceutical manufacturing, automobile, paper and pulp, water management, oil and gas, etc.Furthermore, the data historian software has the ability to record data on network bandwidth, fluid levels, fan temperature, pressure level, limit switches and valve positions.
The data historian software forms an integral component of any corporation, given its use to manage mounting data volumes to bring down the storage cost, enhance productivity and maintain smooth flow of the business.
These qualities have led to strong demand for data historian over the years.
In addition, the surging need to acquire needed data at the right point of time in order to prevent any accident in the processes, can also induce the growth of the data historian market.Regional AnalysisThe geographical analysis of the global data historian market has been covered in this report for the regions, such as Europe, Asia-Pacific, North America, and the Rest of the World (RoW).
Market Analysis The global data colocation market is predicted to touch USD 51 billion at a healthy 12% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis.
Data center colocation, simply put, is a process to rent out network bandwidth, physical space, and other resources by a company in an existing data center.
Owing to its alluring features and plentiful benefits, data colocation has wide applications in energy, government, healthcare, IT and telecom, banking and insurance, and others.
On the contrary, stringent government policies and regulations, location restraints for colocation facilities, high start-up and maintenance costs, and the on-going COVID-19 impact are factors that may limit the global data colocation market growth over the forecast period.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4005Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global data colocation market based on end users, components, and service type.
By components, the global data colocation market is segmented into server and storage, cooling units, network hardware, and others.By end users, the global data colocation market is segmented into energy, government, healthcare, IT and telecom, banking and insurance, and others.
Regional AnalysisBased on the region, the global data colocation market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).
Data center colocation, simply put, is a process to rent out network bandwidth, physical space, and other resources by a company in an existing data center.
Owing to its alluring features and plentiful benefits, data colocation has wide applications in energy, government, healthcare, IT and telecom, banking and insurance, and others.Various factors are propelling the data colocation market share.
Additional factors adding market growth include the rise in smartphone users, the need to cut down operational cost and capital expenditure, availability of wide choices for small companies, full control of server, required power backup, and security of information.On the contrary, stringent government policies and regulations, location restraints for colocation facilities, high start-up and maintenance costs, and the on-going COVID-19 impact are factors that may limit the global data colocation market growth over the forecast period.Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global data colocation market based on end users, components, and service type.By service type, the global data colocation market is segmented into large scale and small scale.
Of these, the large scale segment will lead the market over the forecast period.By components, the global data colocation market is segmented into server and storage, cooling units, network hardware, and others.By end users, the global data colocation market is segmented into energy, government, healthcare, IT and telecom, banking and insurance, and others.
Of these, the IT and telecom segment will dominate the market over the forecast period.Regional AnalysisBased on the region, the data colocation market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).
The growing number of data center needs in IT capacity, presence of top data center service providers, use of advanced infrastructural architecture, and the rising adoption from different industries including BFSI, government, and others are adding to the global data colocation market growth in the region.The global data colocation market in the APAC region is predicted to grow at a fast pace over the forecast period.
