The global Data Historian Market size is projected to grow from USD 1.1 billion in 2020 to USD 1.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period.
Increasing demand for consolidated data for process and performance improvement, rising big industrial data, and growing investments in analytics driving the adoption of the Data Historian Market.
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The major vendors in Data Historian Market are GE (US), ABB (Switzerland), Emerson (US), Siemens (Germany), AVEVA (UK), Honeywell (US), Rockwell Automation (US), OSIsoft (US), ICONICS (US), IBM (US), Yokogawa (Japan), PTC (US), Inductive Automation (US), Canary Labs (US), Open Automation Software (US), InfluxData (US), Progea (Italy), Kx Systems (US), SORBA (US), Savigent Software (US), Automsoft (Ireland), LiveData Utilities (US), Industrial Video & Control (US), Aspen Technology (US), and COPA-DATA (Austria).
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Need to analyze machines condition to avoid future breakdowns by using the predictive maintenance capabilities driving the growth of chemicals and petrochemicals to end-user during the forecast period
Data historian solutions collect real-time data from automation and other systems to store time-stamped data at high speed and maintain the sequence of data. The Track and Trace (TnT) serialization initiative to preserve historical data in the chemical and petrochemical industry is creating a greater need for capturing historic production records. This is to help maintain the quality of drugs and avoid the counterfeiting of products. Additionally, it also helps in identifying the root cause of the problem in preventing any undesirable event in the production sequence. Data historian solutions and services offer new insights to enhance controls and also deliver information about the process and the equipment needed to rectify maintenance issues.
Rising demand for consolidated data to monitor products and performance improvement to drive the growth of the product tracking segment to hold a larger market size
Production tracking is the most critical process in any manufacturing plant. Efficient production tracking enables quality improvement using root cause analysis, better monitoring and reporting, and improved supervision over raw material to avoid wastage. Data historian solutions collect, store, analyze, and represent information from over a diversified production floor and data source to enable users to get real-time manufacturing intelligence outcomes. For example, OSIsoft, through its PI historian platform, delivers robust manufacturing intelligence solutions, which include Overall Equipment Effective (OEE), product tracking and genealogy, electronic batch record reports, and asset utilization monitoring for better production tracking throughout the production life cycle.
North America to dominate the market during the forecast period
In North America, enterprises belonging to various end-user segments have been significantly using data historian solutions. Therefore, this region is expected to dominate the market to provide growth opportunities to data historian solution providers. The region is the major and the fastest adopter of technologies, such as AI and SCADA. Moreover, tremendous growth in customer-generated data is expected in this region in the coming years. Organizations operating in this region are highly dependable on this data, and hence are likely to adopt solutions that would enable the consolidation of data, which is collected in silos. Furthermore, migration facilitates technologies, such as the integration of big data and BI tools toward data management, which further simplifies other business-related operations.
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The US and Canada are the major countries that contribute to the growth of the Data Historian Market in North America. North America has witnessed rapid adoption of digitalization technologies and high levels of consumer usage as compared to the other developed regions.
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Global Data Historian Market Research Report: By Component (Software, Services), by Deployment (Cloud-based, On-Premise), by Organization Size (Large Enterprise, SMEs), by Time Series Database Type (Operational, Open source) ,by Application (Production Tracking, Environmental Auditing, Asset Performance Management, Predictive Maintenance, and Others) , by End-User (Oil and Gas, Marine, Chemicals and Pharmaceuticals, Paper and Pulp, Metals and Mining, Utilities, Data Centers, Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) — Forecast till 2024Data Historian Market HighlightsThe global data historian market is expected to register a CAGR of 6.9% during the forecast period of 2019–2024.
There are various factors contributing to the growth of the global data historian market such as increasing volume of data and the adoption of IoT devices for transmitting information which has led to an increase in the adoption of data historian among the enterprises for reducing the downtime and increasing the working efficiency.Regional AnalysisThe global data historian market is estimated to grow at a significant rate in the future.
The geographical analysis of the data historian market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.North America dominates the global data historian market, by region, due to the early adoption of the data historian software program by various industries to predict their functionality with the help of the previous years’ data.
The US accounts for the largest market share due to presence of various key players including Aspen Technology (US), Emerson Electric Co. (US), PTC Inc. (US), Rockwell Automation, Inc., and others.Europe accounts the second-largest market share in the data historian market due to presence of various industries such as automotive, metal & mining, chemical, and others which is driving the market.
Additionally, there are various companies which offer data historian software/tools, and services in the region such as ABB Limited (Sweden), AVEVA Group (UK), Siemens AG (Germany) and others, that accelerates the growth of the market.Get Sample @ https://www.marketresearchfuture.com/sample_request/8301Asia-Pacific is expected to be the fastest-growing region during the forecast period due to increasing advancement in terms of technology, urbanization, and digitalization.
Additionally, the SMEs and large enterprise are also using this software to predict the future functionality by analyzing the historical data and functionality of the organization.
Detailed study on Data Historian Market by MarketsandMarkets™ provides broad analysis on the basis of Types, Applications and key players which is useful for better decision making.According to a new market research report "Data Historian Market by Application (Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management), Component (Software/Tools, Service), Deployment Mode, Organization Size, End-user, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Data Historian Market expected to grow from USD 914.9 million in 2018 to USD 1,271.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.
The key forces driving the Data Historian Market include increasing industrial data volumes and demand for consolidated data for process and performance improvement.
Browse in-depth TOC on "Data Historian Market” 77- Tables 47- Figures 164- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163342189The oil and gas end-user segment to hold the largest market size during the forecast periodAmong end-users, the oil and gas end-user segment is expected to continue to hold the highest market share during the forecast period.
Additionally, it helps in cutting excessive costs while providing improved agility and scalability, overcoming the operational challenges.The cloud deployment model to grow at a higher CAGR during the forecast periodThe cloud deployment model is witnessing an increasing demand, due to its cost-effectiveness and easy availability.
Cloud-based solutions require less physical setup, incur low maintenance costs, and provide 24/7 accessibility from anytime, anywhere.
Companies in mature markets have already adopted the technology and investing in R for innovations in the data historian software and services.
AMA Research have added latest edition of survey study on Global Data Historian Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.
At present, the market is developing its presence.
The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.
Data Historian Overview Data historian, Also known as process historian, is a software program which is used to record data with minimum disk space and fast retrieval.
It is mostly used as a control system in various industries such as environmental control, automobiles, agriculture and others.
AMA also provides customized specific regional and country-level reports for the following areas.North America: United States, Canada, and Mexico.
