Data Historian Market 2023-2029 Forecast: Advancements in Data Storage and Analytics Solutions

Market Overview:

A data historian is a software program that records data from various business and manufacturing units. It maintains data sets in a time series database and enables easy retrieval, aiding users in understanding past operations and performances.

The market is analyzed and segmented based on components, deployment, end-user industries, and regions. Segmentation by component includes software and services, with services accounting for 47% of revenue. The end-user industries driving the market include oil & gas, manufacturing, and others.

Estimated Revenue Growth:

Data Historian Market was valued at US$ 1.10 Bn. in 2022. The Global Data Historian Market size is estimated to grow at a CAGR of 7.1% over the forecast period.

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Market Dynamics:

Drivers: The growing demand for aggregated data to enhance processes and performance across industries is a key driver. Cloud deployment is increasing, particularly among Small and Medium Enterprises (SMEs), aiding in easy operations across multiple locations without extensive hardware installation.

Restraints: Concerns regarding data privacy and compliance with laws pose challenges. The misuse of data can lead to legal issues, emphasizing the need for clear terms of data usage and security measures.

Opportunities: The need for a comprehensive view of operational performance is increasing, driving the demand for 360-degree hyper vision in end-user industries. Additionally, the Industrial Internet of Things (IIoT) is influencing the market, providing real-time insights for decision-making.

Challenges: IIoT's influence poses challenges in extracting immediate value from data historians compared to IIoT solutions, despite the significant data representation of historians.

Realising the Potential of the Market:

Embark on an exploration into the core of this market's dynamics, revealing the growth patterns of competitors and the ever-shifting landscape. Peer into the regional and global market values, unlocking hidden treasures within the competitive landscape. Explore the boundless potential in production, demand, and supply. Our segmentation analysis transcends conventional boundaries, unveiling psychographic, demographic, geographic, and behavioral factors. These insights guide successful marketing strategies, enabling the creation of targeted products, irresistible offers, and captivating customer experiences.

Handling Perspectives:

Discover the competitive landscape through strategic analyses like Porter's and Pestle. Uncover organizations' positions and pathways to amplified profitability. Decode the cosmic context with Pestle analysis, assessing the validity of existing products and services within the market's expansive framework. Unveil the internal and external forces shaping companies' fortunes through SWOT analysis, revealing strengths, weaknesses, advantages, and vulnerabilities. This report offers a comprehensive overview, unlocking the magical essence of the GIS Controller market.

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Data Historian Market Segmentation

by Component

Software
Service

Considering the Component, Based on component, the market is split into two segments: software and services. This accounts for 47% of income in the service industry. Services are advantageous to organisations because they foster growth and increase revenue. Businesses are becoming more service-oriented in order to utilise company resources and streamline processes. The post-sales services category, which includes support, plays a major role in the data historian market's expansion. Organisations are looking for additional services to assist them maintain and grow their production now that they understand the importance of data historian services.

by Deployment

Cloud
On-Premise

by End-user Industry

Data Centers
Oil & Gas
Paper & Pulp
Water Management
Manufacturing
Other End-user Industry

According to End-user Industry, the market is dominated by the Oil & Gas End-user Industry, holding the largest share. The oil and gas industry is an end-user sector worth billions of dollars, requiring constant process optimisation. Massive amounts of data may be created and collected thanks to modern technologies. These data can then be utilised to improve process and asset performance monitoring, gain new insights, and boost revenue. Oil and gas exploration may require the upkeep of equipment and machinery.

Data Historian Market Regional Perspectives

Unveil a spectrum of formal, functional, and vernacular regional analyses, illuminating the most influential regions where the market thrives - the enchanting realms of Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. Peer into the galaxy of opportunities as the analysis uncovers distinct targets, captivating strategies, and the elusive market values unique to each region.

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Market Leaders for Data Historian

1. Emerson 2. Rockwell Automation 3. OSIsoft 4. Automsoft 5. Canary Labs 6. COPA-DATA 7. Inductive Automation 8. Industrial Video & Control 9. InfluxData 10.Kx Systems 11.LiveData Utilities 12.Open Automation Software 13.Progea 14.Savigent Software 15.Sorbotics 16.ABB 17.AVEVA Group 18.General Electric 19.Honeywell 20.IBM 21.Siemens 22.Yokogawa 23.Aspen Technology

Table of Content: Data Historian Market

Part 01: Executive Summary

Part 02: Scope of the Data Historian Market Report

Part 03: Data Historian Market Landscape

Part 04: Data Historian Market Sizing

Part 05: Data Historian Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Competitive Landscape:

The market is fragmented with numerous players adopting strategies like collaborations, mergers, acquisitions, and R&D investments to gain market share. Major players include Emerson, Rockwell Automation, OSIsoft, Automsoft, and others.

Objectives of the Report:

The report aims to provide stakeholders in the end-user industry with comprehensive insights into the market, including trends, market size projections, and competitive analysis. It encompasses thorough market analysis using tools like PORTER and PESTEL and aids in understanding market dynamics, structure, and key player strategies.

The comprehensive analysis helps stakeholders make informed decisions by evaluating market segments, competitive landscapes, growth strategies, and regional impacts.

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