Data Historian Market – Growth, Trends, Dynamics, Segments and Forecasts (2022-2029)

Data Historian Market was valued at US$ 1.03 Bn. in 2021. The Global Data Historian Market size is estimated to grow at a CAGR of 7.1% over the forecast period.

Data Historian Market Overview:

A data historian is a software program that is used to regularly record the data of a company, a manufacturing unit, or any other production unit. The data historian can keep recorded data sets in a time series database with little disc space usage and allow the user to retrieve the data with minimal effort and time. The operators can use the times series database to learn about the prior operation of machines, systems, devices, and other characteristics, as well as their performance during the manufacturing process. The Data Historian market analyses and forecasts the market size, in terms of value, for the market. Further, the Data Historian Market is segmented by Component, Deployment, End-user Industry and Region. Based on Component, the Data Historian market is segmented under Software and service. Based on the Deployment, the market is segmented under the On-premise and cloud. The market sizing and forecasts have been done for each segment based on value (in USD Billion).Data Historian MarketTo know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.

Data Historian Market Dynamics:

Driver: Demand for aggregated data to improve processes and performance is growing Businesses must now offer the correct information to the right person at the right time as their operations grow rapidly. Despite the challenges, aggregating data is crucial for prioritizing business tasks such as improving customer experience, operational processes, and overall business success. Data historian solutions are critical for gathering, preserving, and making data available to users across organizations. Data historian systems synchronize data, removing the difficulty of maintaining various connections across multiple site locations. The use of cloud services to drive market growth During the forecasted period, cloud deployment is set to rise at the fastest rate. The key reason for this is increased use among Small and Medium Businesses (SMEs). The assets are typically physically dispersed, such as within a building or across various sites. The cloud deployment option allows for easy operation across multiple sites without the need to install software or maintain the necessary hardware. Reduced complexities in work Plant managers and engineers can analyze and tune control loops, investigate problems, and notice changes in equipment behavior because of the reduced complexities. The adoption of data historian solutions is forecast to be driven by real-time decisions and enhanced analytics. As a result, data historian solutions have become crucial for combining data from diverse sources. These products help you make better operational decisions for better process and performance. Restraint: Concerns about the law and data privacy Data misuse, whether intentional or not, can have major legal ramifications for both businesses and their customers. To ensure that no data usage breaches government legislation, businesses should clearly clarify terms pertaining to data usage, procedure, and retention in their project contracts. When organizations collect profile data, the potential of identity theft increases, especially if the data is not kept secure. Hackers, viruses, disc damage, and other factors can corrupt this information. If businesses build strategies on this false data, it might cause major problems for all users. As a result, before using data acquired from various applications, organizations should thoroughly evaluate all legal and privacy risks. Opportunity: The demand for 360-degree hyper vision in End-user Industry is growing Given the importance of data in making sound decisions, a better examination of the process control business is required. 360 during the entire life cycle, hyper vision helps preserve accuracy, reduce production costs, and improve efficiency and quality. Industrial data would also provide a holistic perspective of operational performance throughout the full production life cycle, thanks to increased digitization and lowering sensor costs. This information can be used to detect and eliminate bottlenecks and barriers to effective real-time manufacturing. Challenge: IoT’s growing influence across the globe The Industrial Internet of Things consists of interconnected industrial systems that coordinate their data analytics to improve overall industrial performance. The delivery of insights for improving operational processes and supporting decision-makers in making actionable decisions across companies is a crucial role of IIoT and Big Data technologies. Sensors and actuators, which are utilized to get and gain deeper perception via records and analytics, are capable of acquiring actionable insights in both data historian and IIoT solutions. Despite the fact that data historian represents significant data, extracting the same value takes longer than with an IIoT solution. IIoT solutions help enterprises gain real-time visibility into their processes by improving scalability, gathering useful business insights, and presenting operational data. Data Historian Market Trends: Cloud deployment is forecasted to rise at the quickest rate during the forecasted timeframe. Increased utilisation among Small and Medium Businesses is the main cause for this (SMEs). The assets are often dispersed physically, such as within a building or across multiple locations. The cloud deployment option makes it simple to operate across various locations without having to install software or maintain the necessary hardware. A cloud-based data historian may store large amounts of data and connect to tools for analyzing and turning it into usable information quickly. It can connect to a secure cloud infrastructure and give users access to large amounts of data from any computer, web browser, or mobile device. By employing a public, private, or hybrid cloud architecture, the cloud-based data historian can also use connection technologies to increase collaboration and productivity without compromising security. Advanced analysis is provided via cloud-based data historians. Honeywell's Uniformance Cloud Historian, for example, employs cloud technology to analyse data across different sites in order to improve asset availability and plant uptime, as well as provide users with new edge, cloud, and data lake technologies for process, asset, and business data. It also assists the user in improving plant and company performance.

Data Historian Market Segment Analysis:

Based on Component, The market is divided into Software and Services based on component. In which service sector is accounted for the 47% revenue share. Organizations benefit from services because they help them grow and generate more income. To streamline operations and maximise company resources, businesses are becoming more service-oriented. Support, which is included in the post-sales services, is a significant contributor to the growth of the data historian market. Organizations have recognised the value of data historian services and are seeking more services to help them sustain and increase their output. Based on End-user Industry, the Oil & gas End-user Industry is dominating the market with highest share. The Oil and gas is a multibillion-dollar End-user Industry that requires ongoing process optimization. Today's technologies allow for the development and collection of massive volumes of data, which may be used to obtain more insights and improve process and asset performance monitoring in order to increase income. Exploration for oil and gas necessitates the possible maintenance of machinery and devices. Also, because the exploration sites are typically remote from land, it is required to maintain the appropriate equipment. Because oil and gas is a multibillion-dollar End-user Industry, even the smallest failure in production equipment results in significant losses. As a result, organisations in this field rely heavily on historical data to examine the state of any equipment and prevent future breakdowns by utilising the forecast maintenance capabilities of the deployed data historian solution. Data Historian Market Regional Insights: The North American region held the largest market share accounting for 29.5% in 2021. Because of increased investment on R&D for new innovation in the data historian market in the area. Also, suppliers such as Honeywell International Inc., General Electric Company, Rockwell Automation, Inc., and others are constantly investing in the End-user Industry in the region. The region is noted for its creativity and adoption of cutting-edge technology such as cloud computing and big data analytics. Over 80% of North American and European businesses are employing a complicated cloud deployment approach, with % using hybrid cloud, up from 51% in 2021, and 24% using a multi-cloud strategy with an average of five cloud providers. The IT, BFSI, retail, and healthcare industries all contribute significantly to global data centre demand in the region. According to real estate experts such as CBRE, the United States occupies about 90% of data centre space worldwide. This is driving up demand for data historian markets even more. Data Historian Market Competitive Landscape: Because there are so many competitors in the End-user Industry, the data historian market is fragmented. To gain the most market share, End-user Industry players are using methods such as collaborations, mergers and acquisitions, new product launches, and investing in R&D for future advancements. The following are some of the major key players of the data historian market: Emerson, Rockwell Automation, OSIsoft, Automsoft, Canary Labs, COPA-DATA, Inductive Automation, Industrial Video & Control, InfluxData, Kx Systems, LiveData Utilities. The objective of the report is to present a comprehensive analysis of the global Data Historian Market to the stakeholders in the End-user Industry. The past and current status of the End-user Industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the End-user Industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the End-user Industry to the decision-makers. The reports also help in understanding the Data Historian Market dynamic, and structure by analyzing the market segments and projecting the Data Historian Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Data Historian Market make the report investor’s guide.

Data Historian Market Scope:Inquire before buying

Data Historian Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.03 Bn.
Forecast Period 2022 to 2029 CAGR: 7.1% Market Size in 2029: US $ 1.78 Bn
Segments Covered: by Component • Software • Service
by Deployment • Cloud • On-Premise
by End-user Industry • Data Centers • Oil & Gas • Paper & Pulp • Water Management • Manufacturing • Other End-user Industry

Data Historian Market by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Data Historian Market Key Players:

• Emerson • Rockwell Automation • 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 • Siemens • Yokogawa • Aspen Technology Frequently Asked Questions: 1. Which region has the largest share in Global Data Historian Market? Ans: North America region held the highest share in 2021. 2. What is the growth rate of Global Data Historian Market? Ans: The Global Data Historian Market is growing at a CAGR of 7.1% during forecasting period 2022-2029. 3. What is scope of the Global Data Historian market report? Ans: Global Data Historian Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Data Historian market? Ans: The important key players in the Global Data Historian Market are – Emerson, Rockwell Automation, 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, Siemens, Yokogawa, Aspen Technology, and 5. What is the study period of this market? Ans: The Global Data Historian Market is studied from 2021 to 2029.
1. Data Historian Market Size: Research Methodology 2. Data Historian Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Data Historian Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Data Historian Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 4. Data Historian Market Size Segmentation 4.1. Data Historian Market Size, by Component (2021-2029) • Software • Service 4.2. Data Historian Market Size, by Deployment (2021-2029) • Cloud • On-premise 4.3. Data Historian Market Size, by End-user Industry (2021-2029) • Data Centers • Oil & Gas • Paper & Pulp • Water Management • Manufacturing • Other End-user Industry 5. North America Data Historian Market (2021-2029) 5.1. North America Data Historian Market Size, by Component (2021-2029) • Software • Service 5.2. North America Data Historian Market Size, by Deployment (2021-2029) • Cloud • On-premise 5.3. North America Data Historian Market Size, by End-user Industry (2021-2029) • Data Centers • Oil & Gas • Paper & Pulp • Water Management • Manufacturing • Other End-user Industry 5.4. North America Data Historian Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Data Historian Market (2021-2029) 6.1. European Data Historian Market, by Component(2021-2029) 6.2. European Data Historian Market, by Deployment (2021-2029) 6.3. European Data Historian Market, by End-user Industry (2021-2029) 6.4. European Data Historian Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Data Historian Market (2021-2029) 7.1. Asia Pacific Data Historian Market, by Component(2021-2029) 7.2. Asia Pacific Data Historian Market, by Deployment (2021-2029) 7.3. Asia Pacific Data Historian Market, by End-user Industry (2021-2029) 7.4. Asia Pacific Data Historian Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Data Historian Market (2021-2029) 8.1. Middle East and Africa Data Historian Market, by Component(2021-2029) 8.2. Middle East and Africa Data Historian Market, by Deployment (2021-2029) 8.3. Middle East and Africa Data Historian Market, by End-user Industry (2021-2029) 8.4. Middle East and Africa Data Historian Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Data Historian Market (2021-2029) 9.1. South America Data Historian Market, by Component(2021-2029) 9.2. South America Data Historian Market, by Deployment (2021-2029) 9.3. South America Data Historian Market, by End-user Industry (2021-2029) 9.4. South America Data Historian Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Emerson 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Rockwell Automation 10.3. OSIsoft 10.4. Automsoft 10.5. Canary Labs 10.6. COPA-DATA 10.7. Inductive Automation 10.8. Industrial Video & Control 10.9. InfluxData 10.10. Kx Systems 10.11. LiveData Utilities 10.12. Open Automation Software 10.13. Progea 10.14. Savigent Software 10.15. Sorbotics 10.16. ABB 10.17. AVEVA Group 10.18. General Electric 10.19. Honeywell 10.20. IBM 10.21. Siemens 10.22. Yokogawa 10.23. Aspen Technology

About This Report

Report ID 63023
Category Information Technology & Telecommunication
Published Date Jan 2023
Updated Date
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