Global Data Historian Market Synopsis
As per the latest
evaluation by Market Research Future Reports (MRFR), the global Data Historian Market is anticipated
to value USD 1,406.23 billion, thriving at a CAGR of 6.9% during the assessment
period from 2019 to 2024. The adoption of IoT equipment is the most notable
factor driving the global data historian market 2020. 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.
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.
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.
Key Players
the notable players of the
global historian market are AVEVA Group (UK), ABB Limited (Sweden), General Electric Company (US), IBM
Corporation (US), Honeywell International Inc. (US), Siemens AG (Germany),
Aspen Technology (US), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), and a few more.
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