Press release
Data Historian Market Trends That Will Shape the Next Decade: Insights from Advancements In Batch Historian Solutions Enhance Contextual Data Capture And Regulatory Compliance For Batch-Focused Industries
Data Historian
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How Large Will the Data Historian Market Size By 2025?_x000D_
The size of the data historian market has experienced a swift expansion in recent times. Its growth is predicted to elevate from $1.36 billion in 2024 to around $1.51 billion in 2025, maintaining a compound annual growth rate (CAGR) of 10.8%. The evolution during the historic phase can be credited to the escalating complexity involved in manufacturing procedures, advancement in SCADA and PLC applications, surging demands for operational productivity, and the rise in regulatory compliance requisites._x000D_
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How Big Is the Data Historian Market Size Expected to Grow by 2029?_x000D_
In the upcoming years, the data historian market is set to experience a significant expansion. The market size is predicted to reach $2.24 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.4%. This impressive growth can be attributed to factors such as the increased uptake of IIoT (industrial internet of things), heightened attention towards predictive maintenance, rising integration of real-time analytics, the proliferation of cloud-based data historian solutions, and escalating use of AI and machine learning in operations. During the forecast period, the market will be shaped by trends like the amalgamation with cutting-edge analytic platforms, the transition from on-site to cloud-based architectures, the broadening of edge computing abilities, a strong focus on data interoperability and standardization, and an intensified focus on cybersecurity and data integrity._x000D_
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Which Key Market Drivers Powering Data Historian Market Expansion and Growth?_x000D_
The push towards industrial automation is forecasted to fuel the expansion of the data historian market. This move towards automation in industries entails the use of control systems like computers and robots to operate manufacturing machinery and processes with a minimal need for human involvement. The uptick in industrial automation stems from the requirement for improved efficiency, striking down labor costs, and maintaining precision, since manufactures aim to amp up productivity, satisfy rising consumer expectations, and tackle labor shortage without negatively impacting quality. Industrial automation systems utilize data historians to store detailed historical process data, permitting the examination of past performances and the detection of areas where efficiency can be elevated, waste lessened, and downtime lessened. For example, the Germany-based non-profit, International Federation of Robotics reported in September 2024, that in 2023 China had set up 276,288 industrial robots, contributing to 51% of the overall global installations. This was the second-highest volume on record following 2022's 290,144 unit installations. As a result, the surge in industrial automation is steering the expansion of the data historian market._x000D_
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Which Fast-Growing Trends Are Poised to Disrupt the Data Historian Market?_x000D_
Prominent enterprises in the data historian market are concentrating on innovation to deliver enhanced solutions like software digitalization. Such solutions enhance the collection of contextual data, accuracy of reports, and drive digital transformation in batch-oriented sectors. Software digitalization harnesses specific software tools to transform traditional analogue or manual methods into effective digital operations. For example, Honeywell, an American industrial automation firm, introduced Honeywell Batch Historian, a software digitalization solution, in June 2024. This provides manufacturers with uncomplicated access to historical data in context, bettering analytics and reporting to streamline operation costs. The solution facilitates immediate data capturing from batch engines without complex setup or advanced programming knowledge. Using a user-friendly drag-and-drop configuration, it eliminates the need for deep understanding of historical databases for report generation. Catering to sectors like specialty chemicals, life sciences, food and beverages, pulp and paper, and mining, it aids in simplifying batch reporting, expediting troubleshooting, and maintaining industry compliance._x000D_
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What Are the Emerging Segments in the Data Historian Market?_x000D_
The data historian market covered in this report is segmented as_x000D_
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1) By Type: Software, Services_x000D_
2) By Deployment: Cloud, On-Premises_x000D_
3) By Enterprise Size: Small And Medium Sized Enterprises (SMEs), Large Enterprises_x000D_
4) By Application: Production Tracking, Performance Management, Environmental Auditing Asset, GRC Management, Predictive Maintenance, Other Applications_x000D_
5) By End-User Industry: Oil And Gas, Manufacturing, Data Centers, Metal And Mining, Chemicals And Pharmaceuticals, Energy And Utilities_x000D_
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Subsegments:_x000D_
1) By Software: On-Premise Software, Cloud-Based Software, Real-Time Data Historian Software, Enterprise Data Historian, Embedded Historian Software_x000D_
2) By Services: Consulting Services, Implementation And Integration Services, Support And Maintenance Services, Managed Services, Training And Education Services_x000D_
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Who Are the Global Leaders in the Data Historian Market?_x000D_
Major companies operating in the data historian market are Yokogawa Electric Corp., AVEVA Group Plc, Hitachi Energy Ltd., Aspen Technology Inc., Siemens AG, International Business Machines Corporation, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Emerson Electric Co., Rockwell Automation Inc., PTC Inc., Kongsberg Digital AS, Inductive Automation LLC, Influxdata Inc., ICONICS Inc., TDengine, Canary Labs Inc., Open Automation Software LLC, dataPARC. _x000D_
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Which are the Top Profitable Regional Markets for the Data Historian Industry?_x000D_
North America was the largest region in the data historian market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in data historian report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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