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2021
Data Historian Market

Data Historian Market by Component (Software and Services), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Application (Production Tracking, Environmental Auditing, Asset Performance Management, Predictive Maintenance and Others) and End Users (Oil & Gas, Marine, Chemicals & Petrochemicals, Paper &Pulp, Metal & Mining and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A12979
Pages: NA
Oct 2021 | 175 Views
   
Author(s) : Vineet Kumar
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Data Historian Market Statistics - 2030

Data historian is a software program used for recording and saving production and process data throughout the business operations. The software records data with time from various sources for future assessment. The data historian software is used to collect, store, analyze, and visualize process information. This software is used in several industries such as manufacturing, oil, gas, environmental monitoring, and others. Data historian provides the ability to gain real-time understanding into manufacturing and other processes. Data historian has the ability to store the recorded data in the time series database by occupying minimum space and allows the users to recover the data with minimum time and efforts. The times series database enables the operators to understand the functioning of the machines, systems, devices, and other factors including their performance during the manufacturing process. Data historian software also records analog readings, digital readings, product information, and efficient data storage through compression methods.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value ($)

  Segments covered

Component, Deployment Model, Enterprise Size, Application, End User and Region.

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies covered

Major players include: ABB Ltd., Siemens AG, Honeywell International Inc., Rockwell Automation Inc., ICONICS Inc., Emerson Electric Co., International Business Machines Corporation, AVEVA Group plc, Yokogawa Electric Corporation, General Electric Company

 

Impact of COVID-19 on Data Historian Market-

Due to the outbreak of COVID-19 virus, the demand for the data historian market is expected to come down because of the shutdown of businesses across the globe. The hardware business is expected to have the great impact on the IT industry. Due to the deceleration of hardware supply and reduced manufacturing capacity the IT infrastructure growth has stalled. However, the adoption of applications, data analytics, security solutions, and artificial intelligence is set to increase the market growth.

The acceptance rate of the newest technologies has increased during the pandemic situation. The industries are working hard and implementing the latest software to keep a track on their production process to reduce any chances of mistakes and reduce the operational costs. Businesses in the market are adopting strategies such as partnerships, mergers & acquisitions, new product launch, and investing ample amount in the research and development for further innovations to secure the highest market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increase in demand for software in the industrial sector for recording and saving production and process data, rise in demand for data historian software in the industrial sector for recording and retrieving production and process data, and surge in business need to consolidate the data for performance and quality improvement are the factors that drive the growth of the data historian market. In addition, this software helps companies to evaluate their previous functioning and improving the efficiency of the manufacturing process. However, escalating data capabilities and complexities, high deployment costs, and restricted development are the factors responsible for hampering the market growth. Furthermore, the increasing digitalization and dropping prices of sensors are responsible to provide lucrative opportunities to the growth of data historian market.

What are the market trends for data historian market?

Technological advancements to generate new growth opportunities:

Constant developments and implementation of innovative solutions plant data historian software used for different applications such as production tracking and asset performance management will create potential opportunities for the market growth. Benefits such as increasing business productivity, high speed data collection, and intelligent asset management are the main factors resulting in increasing number of solution providers to provide new and to innovate new products for business continuation. Integration of technologies like IoT, machine learning, artificial intelligence, and others are expected to take the lead to the development of the data historian market with much more functionalities and improved performance.

Deployment of cloud-based services for data storage and analysis:

A cloud-based data historian is able to provide the ability to store large amount of data and easily incorporate with tools to analyze that data and turn it into useful information. It can allow access to big data from any desktop, web browser, or mobile device that are joined to a trusted cloud infrastructure. Moreover, the cloud-based data historian is able to use connection technology that leverages a public, private, or hybrid cloud infrastructure to enhance the collaboration and effectiveness and providing security to the data.

Key segments covered:

Segments

Sub segments

  Component

  1. Software 
  2. Services

  Deployment Model

  1. On-Premises
  2. Cloud

  Enterprise Size

  1. Large Enterprises
  2. Small & Medium Enterprises

  Application

  1. Production Tracking
  2. Environmental Auditing
  3. Asset Performance Management
  4. Predictive Maintenance
  5. Others

  End User

  1. Oil & Gas
  2. Marine
  3. Chemicals & Petrochemicals
  4. Paper & Pulp
  5. Metal & Mining
  6. Others

 

Key benefits of the report:

  • This study presents analytical depiction of the data historian market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions answered in the data historian market research report:

  • Who are the leading market players active in data historian market?
  • What would be the detailed impact of COVID-19 on data historian market?
  • What current trends would influence the market in the next few years??
  • What are the driving factors, restraints, and opportunities in the data historian market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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