Data Historian Market is Predicted to Reach US$ 1575.45 Million by 2027 Registering a CAGR of 6.38%. The research report contains a detailed analysis of the current state and future scope along with the sales patterns, Data Historian market share, price structure, and market progressions.
One of the most significant factors which are influencing the data historian market is the augmenting production of several products, materials, and equipment from several industries such as energy and power, oil & gas, and food & beverages. Moreover, the usage of various IoT equipment by these industries to share the information is further propelling the market. The data historian software is an essential requirement for the companies to evaluate and to make the production efficiency in the forthcoming period. This requirement has further propelled the market for the data historian market.
A precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analysed. We will provide COVID-19 impact analysis with the report.
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Market Drivers
- Increasing Demand for consolidated data for process and performance improvement.
Market Restraint
- High-cost deployment.
Market Segmentation
Based on Deployment market can be segmented into
- Cloud-based
- On-premises
Based on components market can be segmented into
- Software
- Services
- Professional services
- Managed services.
Based on Application market can be segmented into
- Production tracking,
- Environmental auditing,
- Asset performance management,
- Predictive maintenance,
- Others
Based on End-user data historian market can be segmented into
- Oil and gas
- marine
- chemicals and pharmaceuticals
- paper and pulp
- metals and mining
- utilities
- data centers
- others.
Based on Organization size data historian market can be segmented into
- Large enterprises
- SMEs
Based on time-series Database type market can be segmented into
- Operational
- Open source
Data Historian Market Key Players
- AVEVA Group (UK)
- ABB Limited (Sweden)
- General Electric Company (US)
- IBM Corporation (US)
- Honeywell International Inc. (US)
- Siemens AG (Germany)
- Aspen Technology (US)
- Yokogawa Electric Corporation (Japan)
- Emerson Electric Co. (US)
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Market Geographical Analysis
The regional study of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been performed. As per the analysis by MRFR, the North American region is projected to dominate the global market. The primary reason of regional expansion is the presence of various notable players in the region. North America was the foremost country to adopt data historian software program. Moreover, the region is technically advanced which is the major factor driving the regional market.
Europe acquires the second-largest market share in the market owing to the presence of several sectors such as metal & mining, automotive, chemical, and others. The major contributor to the market is the UK, France, Germany, Italy, and others.
The Asia-Pacific region is estimated to augment at the fastest pace during the forecast period. The region is developing in terms of digitalization, technology, and urbanization. China and India are estimated to make the most significant contribution to expanding the regional market.
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