Data Historian Market 2024– Latest Update, Trends & International News In One Place - Check out now ($1,406.23 Million Market)
November 21, 2019 by Market-NewsFlash
Global Data Historian Market Research Report: By Component (Software, Services), by Deployment (Cloud-based, On-Premise), by Organization Size (Large Enterprise, SMEs), by Time Series Database Type (Operational, Open source), by Application (Production Tracking, Environmental Auditing, Asset Performance Management, Predictive Maintenance and others), by End-User (Oil and Gas, Marine, Chemicals and Pharmaceuticals, Paper and Pulp, Metals and Mining, Utilities, Data Centers, Others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) — Forecast till 2024
The Global Data Historian Market is expected to register a CAGR of 6.9% during the forecast period of 2019–2024. There are various factors contributing to the growth of the global data historian market such as increasing volume of data and the adoption of IoT devices for transmitting information which has led to an increase in the adoption of data historian among the enterprises for reducing the downtime and increasing the working efficiency.
The global data historian market is estimated to grow at a significant rate in the future. The geographical analysis of the data historian market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
Rest of the world has been segmented as South America and Middle East & Africa is expected to be growing with a significant CAGR during the forecast period due to presence of established oil & gas industry in the region, which drives the market. The Middle East & Africa is the dominating region and is expected to be the fastest-growing region during the forecast period.
North America dominates the global data historian market, by region, due to the early adoption of the data historian software program by various industries to predict their functionality with the help of the previous years’ data. Additionally, there are various key manufacturers, organizations, and enterprises are present in the region which use these software and services to enhance the working functionality and analyze their profits against the past statistics. Based on the countries, the region has been segmented as the US, Mexico, and Canada. The US accounts for the largest market share due to presence of various key players including Aspen Technology (US), Emerson Electric Co. (US), PTC Inc. (US), Rockwell Automation, Inc., and others.
MRFR recognizes the key players in the global data historian 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.
The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.
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