Press release
Data Historian Market 2020 Trends, Share, Size, Growth, Opportunity and Forecast to 2030
As per a report by PMR, the global data historian market generated a market revenue of US 1.1 Bn in 2019, and is expected to expand at a healthy CAGR of nearly 8% over the forecast period (2020-2030).
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Key Players:
The report has profiled some of the Important players prevalent in the global like - ABB, General Electric, Siemens, Yokogawa Electric Corporation, Honeywell International Inc., AVEVA Group plc (Schneider Electric), Aspen Technology, Inc., ICONICS, Inc. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Data Historian.
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Key Takeaways from Data Historian Market Study
South Asia & Pacific is expected to create lucrative growth opportunities for players in the data historian market, attributable to rapid growth of automobile and manufacturing industries in the region.
Growing demand for consolidated data for process and performance improvement is creating new growth opportunities for data historian software and service providers.
Key players in the data historian market are focusing on acquisitions to complement their product portfolios, to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve direct customer relations.
Amidst the COVID-19 pandemic, the data historian market is anticipated to grow 7% - 7.5% in 2020.
"Data historian software and service providers can increase revenues by upgrading existing products to improve operational historian efficiency, reduced operating costs, and adopt technologies such as IOT and cloud computing for next-generation data historian solutions. Key players are focusing more on continuous developments and implementation of new solutions such as plant data historian software and hyper historian software for high-speed data collection, which is proliferating opportunities for the data historian market," says a PMR analyst.
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