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.
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 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 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?
Data Historian Market Report Highlights
By Deployment Mode
By Organization Size
By End User
Key Market Players
IBM, Siemens, AVEVA, GE, PTC, ABB, Inductive Automation, Open Automation Software, Emerson, Honeywell, Rockwell Automation