Data Historian Market Analysis, Growth, Share, Industry Trends, Forecast to 2030
Data Historian Market Synopsis
As per the latest evaluation by Market Research Future Reports
(MRFR), the global Data Historian Market is anticipated to value US$ 1575.45,
thriving at a CAGR of 6.38% during the assessment period from 2021 to
2027. The adoption of IoT equipment is the most notable factor driving the
global data
historian market 2022. There has been a surge in the volume of data,
which led to the actuation of the market. The enterprises are adopting the data
historian to enhance work efficiency.
One of the most significant factors which are influencing the data
historian market is the augmenting production of several products, materials,
and equipment from several industries such as energy and power, oil & gas,
and food & beverages. Moreover, the usage of various IoT equipment by these
industries to share the information is further propelling the market. The data
historian software is an essential requirement for the companies to evaluate
and to make the production efficiency in the forthcoming period. This
requirement has further propelled the market for the data historian market.
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A precise evaluation of factors augmenting and impeding the market
in the post-COVID-19 environment has been analyzed. We will provide COVID-19
impact analysis with the report.
Data Historian Market Key Players
MRFR recognizes the key players in the global data historian
market as ABB Limited (Sweden), AVEVA Group (UK), General Electric Company
(US), Honeywell International Inc. (US), IBM Corporation (US), Siemens AG
(Germany), Yokogawa Electric Corporation (Japan), Aspen Technology (US),
Emerson Electric Co. (US), PTC Inc. (US), Rockwell Automation, Inc. (US),
ICONICS (US), OSIsoft, LLC (US), Automsoft International Ltd (Ireland), Canary
Labs, Inc. (US), and COPA-DATA GmbH (Austria) among others.
Data Historian Market Segmentation
The worldwide data historian market can be segmented on the basis
of deployment, component, application, end-user, organization size, time-series
database type, and region.
Based on deployment, the worldwide data historian market can be
segmented into cloud-based and on-premise.
Based on components, the worldwide data historian market can be
segmented into software and services. The service segment has further been
classified into professional services and managed services.
Based on application, the worldwide data historian market can be
segmented into production tracking, environmental auditing, asset performance
management, predictive maintenance, and others.
Based on end-user, the worldwide data historian market can be
segmented into oil and gas, marine, chemicals and pharmaceuticals, paper and
pulp, metals and mining, utilities, data centers, and others.
Based on organization size, the worldwide data historian market
can be segregated into large enterprises and SMEs.
Based on time-series database type, the worldwide data historian
market can be segmented into operational and open source.
Based on the region, the worldwide data historian market can be
segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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Data Historian Market Geographical Analysis
The regional study of North America, Europe, Asia-Pacific, and the
Rest of the World (RoW) has been performed. As per the analysis by MRFR, the
North American region is projected to dominate the global market. The primary
reason of regional expansion is the presence of various notable players in the region.
North America was the foremost country to adopt data historian software
program. Moreover, the region is technically advanced which is the major factor
driving the regional market.
Europe acquires the second-largest market share in the market
owing to the presence of several sectors such as metal & mining,
automotive, chemical, and others. The major contributor to the market is the
UK, France, Germany, Italy, and others.
The Asia-Pacific region is estimated to augment at the fastest
pace during the forecast period. The region is developing in terms of
digitalization, technology, and urbanization. China and India are estimated to
make the most significant contribution to expanding the regional market.
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