Press release
Global Data Historian Market, Top key players are General Electric, ABB, Emerson Electric, Siemens AG, AVEVA Group, Honeywell, Rockwell Automation, OSIsoft, ICONICS, IBM, Yokogawa, PTC, Inductive Automation, Canary Labs, Open Automation Software
Global Data Historian Market valued approximately USD 832.4 million in 2017 is anticipated to grow with a healthy growth rate of more than 6.90% over the forecast period 2018-2025. The Data Historian Market is continuously growing on surging trend in the coming years. The major driving factor of global Data Historian market are rapidly increasing volumes of industrial big data coupled with increasing demand for consolidated data for the process and performance improvement. In addition, investing in solution to reduce the unplanned interruption in production is also a major factor which boosting the market growth.
However, high deployment cost and lack of availability of reasonable models are some factors which causing limitation in the growth of global Data Historian market. Data historian is a software program that records and retrieves production and process data by time. It stores the information in a time series database that can efficiently store data with minimal disk space and fast retrieval. Data Historian is also known as by different names such as Process Historian and Operational Historian. Data Historian offers various benefits such as it is redundant, store and forward over features, efficient data storage through compression, high speed data collection, data security by role down to individual data point granularity and simple archival storage in blocks of time.
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Some of the key players operating in this market include General Electric, ABB, Emerson Electric, Siemens AG, AVEVA Group, Honeywell, Rockwell Automation, OSIsoft, ICONICS, IBM, Yokogawa, PTC, Inductive Automation, Canary Labs, Open Automation Software, InfluxData, Progea, Kx Systems, Sorbotics, Savigent Software, Automsoft, LiveData Utilities, Industrial Video & Control, Aspen Technology, and COPA-DATA
The major objective of the report is to define, describe, and forecast the global data historian system market by component, application, deployment mode, organization size, end user, and region. The report provides detailed information related to the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the data historian market. The report aims to strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
The report strategically profiles the key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and developments; and Research and Development (R&D) activities in the global data historian management system market.
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