Global Data Historian Market Overview:
Data historian, Also known as process historian, is a software program which is used to record data with minimum disk space and fast retrieval. It is mostly used as a control system in various industries such as environmental control, automobiles, agriculture and others. Enterprises use data historian to manage rising volumes of data and to reduce cost of data storage.
As per latest study released by AMA Research, the Global Data Historian market is expected to see growth rate of 6.73% and may see market size of USD1.3 Billion by 2027.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Focus on Cost-effective Solution and Rising Cloud Deployment Model
Market Growth Drivers:
Growing Industrial Big Data and Need to Manage Data the Data Effectively for Performance and Quality Improvement
Challenges:
Rising IoT Application
Restraints:
High Cost Involved in Deployment and Budget Constraints in Medium and Small Industries
Opportunities:
Growing Adoption of Data Management Across Industries Verticals
Competitive Landscape:
Some of the key players profiled in the report are General Electric [United States], ABB [Switzerland], Emerson Electric [United States], Siemens AG [Germany], AVEVA Group [United Kingdom], Honeywell [United States], Rockwell Automation [United States], OSIsoft [United States], ICONICS [United States], IBM [United States], Yokogawa [Japan], PTC [United States], Inductive Automation [United States], Canary Labs [United States], Open Automation Software [United States], InfluxData [United States], LiveData Utilities [United States], Industrial Video & Control [United States], Aspen Technology [United States], COPA-DATA [Austria] and GP Strategies Corporation [United States]. Additionally, following companies can also be profiled that are part of our coverage like Zenith Technologies Ltd [Ireland], Progea [Italy], Kx Systems [United States], Sorbotics [United States], Savigent Software [United States] and Automsoft [Ireland]. Analyst at AMA Research see United States Players to retain maximum share of Global Data Historian market by 2027. Considering Market by End-user, the sub-segment i.e. Marine will boost the Data Historian market. Considering Market by Organisation Size, the sub-segment i.e. Small and Medium Enterprises will boost the Data Historian market. Considering Market by Component, the sub-segment i.e. Solutions (Software Tools and Platforms {Cloud based, On-Premises}) will boost the Data Historian market.
Latest Market Insights:
May 2018 - : GE, A United States company, partnered with SIG Combibloc (Switzerland) to power digital innovation in food and beverages packaging. and April 2018 - : Aveva partnered with EOH, an IT service management company to improve Sub-Saharan African sales and support for Aveva’s software portfolio.
Recently, in January 2018 Honey well, the United State based company launched its new platform with the name Honeywell Connected Plant Uniformance Cloud Historian with the purpose of deploying in industrial verticals. This Software-as-a-Service (SaaS), platform helps in analyzing operational data to manage assets in organization.
What Can be Explored with the Data Historian Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Data Historian Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Data Historian
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Historian market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Data Historian market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Application Developers, Service Providers and Distributors, Third-party Vendors, Independent Software Vendors (ISVs), Enterprises, End-users and Smart Manufacturing Consultants.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.