Publishing: December 2021 | Report Code: IM11923 | Available Format: PDF
Data Historian Market Overview
The global data historian market is currently witnessing a surge in advanced technology adoption and development, which is why it is expected to grow at a substantial rate during the forecast period (2020–2030). Data historian, also known as process historian or operational historian, is a software that is used to record, retrieve, and process the data of an enterprise or a manufacturing unit, for the purpose of tracking the information regarding issues that occur as a result of not complying to the set regulations, along with other business-competitive information, thereby enhancing the operational workflow of a facility. The major factors contributing to the market growth include the increasing volume of industrial data and rising demand for analytics solutions for improvement in the organization or facility’s overall operational process and performance.
The data historian market, on the basis of end user, is classified into marine, oil & gas, paper & pulp, chemicals & pharmaceuticals, metals & mining, data center, energy & utilities, and others. This software can record data on fluid level, network bandwidth, pressure level, fan temperature, and valve positions. Among these, the oil & gas category held the largest market share in 2019, as such companies use the predictive maintenance capabilities of data historian solutions, which help them in examining the machine condition for preventing breakdowns.
The data historian market, in terms of component, is bifurcated into software and services. Between the two, the software bifurcation is projected to attain faster growth during the forecast period, owing to the growing inclination of organizations across the globe toward improving their workflow, using advanced technologies.
The data historian market, in terms of deployment, is bifurcated into cloud-based and on-premises deployment. Between these, the cloud-based bifurcation is predicted to grow at the faster rate during the forecast period. This is primarily attributed to the fact that cloud-based solutions enable the deploying organizations to keep a track of their data in real time, in addition to the massive storage capability such solutions provide.
The adoption of data historian is particularly high in North America, owing to the heavy investment in research and development (R&D) activities for development of advanced technologies. Furthermore, Asia-Pacific (APAC) is projected to be one of the most lucrative data historian markets, followed by Europe, during the forecast period. This can be mainly attributed to the improving infrastructure and growing number of tech-oriented small and medium enterprises (SMEs) in the region’s most-rapidly developing countries, such as China and India.
Data Historian Market Dynamics
The increasing demand for data consolidation for organizational process flow improvement is one of the key drivers for the data historian market, and this is further catalyzed by the generation of large amounts of industrial data. Data historian solutions enable the synchronization of data, which allows for maintaining multiple connections across distant site locations. Additionally, with the advent of Industry 4.0, smart factories, and smart plants, organizations across the globe are demonstrating a shift to the usage of massive amounts of data at several layers of their process. This is leading to a substantial need for data historian solutions, from organizations with an aim to achieve stable and efficient plant operations, effective management, and robust analysis.
Data Historian Market Competitive Landscape
The data historian market is fragmented in nature due to the presence of several players. Key players in the domain are focusing on business strategies, including product launches, mergers and acquisitions, client wins, and partnerships, in order to increase their presence in the market and enhance their product offerings, to ultimately capture a larger customer base. For instance, in January 2020, Yokogawa Electric Corporation released its data historian solution, Exaquantum R3.20, which is compatible with open platform communications unified architecture (OPC UA). With the expanded connectivity, the solution enables organizations to securely capture data from multiple layers of assets, such as sensors, business applications, and complex systems.
Some of the major players in the global data historian market include General Electric Company, Honeywell International Inc., International Business Machines Corporation, Aspen Technology, ABB Limited, AVEVA Group plc, Siemens AG, PTC Inc., Yokogawa Electric Corporation, and Emerson Electric Corporation.
The report covers a country-wise data historian market analysis. Some of the major countries covered in the report include the U.S., Canada, France, Germany, the U.K., Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Mexico, South Africa, Turkey, Saudi Arabia, and the U.A.E.
Data Historian Market Size Breakdown by Segment
The data historian market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Component
Based on Deployment
Based on Application
Based on End User
Get a bespoke market intelligence solution
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws