Data Historian Market Forecast by 2029, Latest Drivers and Key Companies.
The market size for Data Historian is estimated in this report using 2021 as the base year and a forecast period of 2022 to 2029. According to this analysis, the Data Historian market will increase by millions of dollars by 2029 when compared to 2021. Over the next seven years, the revenue CAGR of the Data Historian market will skyrocket.
The Data Historian market research report includes detailed data on the market's size, price and revenue, trends, growth, and capacity, as well as a forecast for the years up to 2029. There is also a thorough examination of the main growth factors for this Data Historian market. This report is a thorough quantitative analysis of the market that provides data for developing strategies to increase growth and efficiency.
A software programme known as a "data historian" is used to regularly record the data of a business, a manufacturing facility, or any other type of production unit. The data historian can store recorded data sets in a time series database with minimal use of disc space and enable users to quickly and easily retrieve the data. The times series database can be used by the operators to learn more about how machines, systems, devices, and other characteristics have operated in the past as well as how well they performed during the manufacturing process.
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Data Historian Market Overview:
The entire research for the business firm is determined by the Data Historian market, which also provides the most recent drivers, restraints, and opportunities for the Data Historian market. Interviews with prominent businessmen are used to confirm the results. Both paid and free data bases are used in the secondary investigation and analysis of the same. Official government databases, third-party databases, and, in the case of publicly traded companies, financial reports of the company are used to compile information on each player's supply and consumption. Annual reports from companies may be obtained from the local government's tax division if they are not made publicly available.
COVID 19 Impact:
COVID-19 has an impact on the market, and as its impact spreads in 2019 and 2020, it will also influence the growth rate. The COVID-19 crisis is requiring businesses and organisations to manage risk and digitise operations to give decision-makers trustworthy data and experiences. The most recent research, viewpoints, and insights from MMR on the management issues that affect businesses and organisations most regarding the market support this.
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Data Historian Market Segment:
According to End-user Industry, the Oil & Gas End-user Industry currently holds the largest market share. The oil and gas end-user industry, worth several billion dollars, needs ongoing process optimization. Modern technology makes it possible to create and gather enormous amounts of data, which can then be used to gain more knowledge and enhance process and asset performance monitoring to boost revenue. The potential need for equipment and device maintenance results from oil and gas exploration.
Additionally, it is necessary to maintain the appropriate equipment due to the typical remoteness of the exploration sites from populated areas. Because the oil and gas industry is a multibillion dollar end-user industry, even a small production equipment malfunction results in big losses.
Top Companies in Data Historian Market:
- OSIsoft
- Automsoft
- Canary Labs
- COPA-DATA
- Inductive Automation
- Industrial Video & Control
- InfluxData
- Kx Systems
- LiveData Utilities
- Open Automation Software
- Progea
- Savigent Software
- Sorbotics
- ABB
- AVEVA Group
- General Electric
- Honeywell
- IBM
Regional Analysis:
- North America (United States, Canada and Mexico)
- Europe (UK, Germany, France, Italy, Russia, Sweden, etc.)
- Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest Of APAC)
- South America (Brazil, Argentina, etc.)
- Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
Important Features of the Reports:
- Comprehensive overview of the Data Historian market.
- Data Historian Market drivers, restraints, opportunities, and challenges region-wise.
- Explanations for market share and segmentation in detail.
- Current market trends and advancements
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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 global Data Historian Market size 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.
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.
The growing technology expenditures in major APAC countries, such as Australia, China, and India, and the growing demand for cost-effective data management software and services among the Small and Medium-sized Enterprises (SMEs) will be major market growth drivers during the forecast period.Request Sample Pages of this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=163342189Major vendors providing Data Historian Market include General Electric, ABB, Emerson Electric, Siemens AG, AVEVA Group, Honeywell, Rockwell Automation, OSIsoft, ICONICS, IBM, Yokogawa, PTC, Inductive Automation, Canary Labs, Open Automation Software, InfluxData, Progea, Kx Systems, Sorbotics, Savigent Software, Automsoft, LiveData Utilities, Industrial Video & Control, Aspen Technology, and COPA-DATA.About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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.
