Global Data Historian Market is expected to foresee significant growth.
- Vikas Kumar
- September 30, 2021
- NEWS, TELECOM & IT
- Data Historian Market, Data Historian Market Growth, Data Historian Market News, Data Historian Market share, Data Historian Market Size, Data Historian Market trend
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Global Data Historian Market is expected to reach the market valuation of US$ XX million by 2027 expanding at a reasonable CAGR of XX % during the forecast period (2021-2027) from US$ XX million in 2020. Factors that are driving the market share of data historian such as increasing demand for consolidated data for process and performance improvement, rising big industrial data, and growing investments in analytics driving the adoption of the Data Historian Market. Moreover, rising volumes of big industrial data coupled with increasing demand for consolidated data for process and performance improvement are major factors expected to drive the growth. In addition, with the advent of Industry 4.0, smart factories, and smart plants, organizations worldwide are demonstrating a shift to the usage of massive amounts of data at several layers of their process. This leads to the growing demand for data historian solutions from organizations to achieve effective management, stable and efficient plant operations and robust analysis.
For a detailed analysis of the Global Data Historian Market browse through https://univdatos.com/report/data-historian-market/
A data historian is a software program that records the data of processes running in a computer system. Organizations use data historians to gather information about the operation of programs to diagnose failures when reliability and uptime are critical. The data historian growth is attributed to the wide applications in data centers, chemical plants, nuclear power plants, automobiles, pharmaceutical manufacturing, water management, environmental control, and agriculture for recording data on network bandwidth, fluid levels, pressure level, fan temperature, limit switches, and valve positions in one or more locations. Moreover, users can evaluate its operation, efficiency, profitability, and setbacks of production with data historians. The need for machine performance monitoring, heavy equipment monitoring, and checking production status in the manufacturing industry is increasing demand for data historian solutions.
Factors that are driving the market share of data historian such as rapid urbanization and economic development coupled with increasing technology advancement such as hybrid cloud solutions and programmable networks have made access to new markets easier and cost-effective are driving the market demand for data historian market. For instance: In Dec 2019, General Electric Digital announced enhancement of its Proficy Historian offering, which provides customers with a scalable solution for data collection and aggregation across deployments of any size and extending data migration from edge to cloud.
For a detailed analysis of the Components browse through https://univdatos.com/report/data-historian-market/
Based on components, the market is classified into Software and services. The software segment generated revenue of USD XX million in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027 because data historian software has led to process improvement and therefore the demand for such software has surged in the market
The outbreak of COVID-19 in 2020 had impacted on all the elements of the technology sector. Due to the slowdown of hardware supply and reduced manufacturing capacity, the IT infrastructure growth has slowed down. Hence, businesses providing solutions and services had seen slump in the growth rate for a short span of time. However, the adoption of collaborative applications, analytics, security solutions, and AI has increase in the remaining part of the year.
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Additionally, the report provides detailed initiatives that are being taken in the field of Data Historian market. The market is classified into distinct regions including North America, Europe, Asia Pacific, and the Rest of World. Asia Pacific dominated the Global Data Historian Market, accounting for nearly xx% share in 2020 as the region houses major Data Historian companies, predominantly because of rapid digitalization in APAC region has resulted in the production of bulks of unstructured data.
Global Data Historian Market Segmentation
Market Insight, by Components
- Managed Services
- Professional Services
- Support and Maintenance
Market Insight, by Application
Market Insight, by Deployment Mode
Market Insight, by Organization Size
- Large Enterprises
Market Insight, by End-User
- Oil and Gas
- Chemicals and Petrochemicals
- Paper and Pulp
- Metal and Mining
- Power and Utilities
- Others (IT and data centers, transportation, and pharmaceuticals)
Market Insight, by Region
- North America
- Asia Pacific
- Rest of the world
Top Company Profiles
- Rockwell Automation