Global Data Historian Market is valued USD 785.3 million in 2016 is anticipated to grow USD 1470.7 million with the compounded annual growth of 7.22% over the forecast period 2018-2025.
New York 7 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Data Historian market industry is poised to raise USD 1470.7 million by 2025. Rapidly growing large industrial data volume and rising demand for associated data for improvement in process and performance are the major factors in the growth of the Global Data Historian Market. However, high establishment costs and unavailability of reasonable models are hindering the growth of Global Data Historian Market. The Data Historian is a high-performance software program that stores the huge volumes of data which is generated by industrial facilities. data historians’ program is used in several processes including boiler controls in power plant, water management, data centers, agriculture, food processing, sugar refining plants, automobile, and pharmaceutical manufacturing. Data historian record data over time from one or more locations for the user. It can record data on fluid levels, network bandwidth, pressure level, fan temperature, limit switches and valve positions. Data historian software finds its applications in various industries, as corporations use data historian to manage increasing data volumes to reduce storage cost, to maintain continuity in business and improve productivity. The oil and gas companies find data historian useful because of predictive maintenance capabilities of the data historian solution to analyze any machine’s condition for avoiding future breakdowns risk and thus the market of historian data is rising rapidly.
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Global Data Historian Market Size study, by Deployment (Cloud, On Premise), by Organization Size (SMEs, Large Enterprises), by Application (Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management, Predictive Maintenance), by Component, by End Use and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include ABB, AVEVA Group, General Electric, Honeywell, IBM, Siemens, Yokogawa, Aspen Technology, Emerson, PTC, Rockwell Automation, ICONICS, OSIsoft, Automsoft, Canary Labs, COPA-DATA, Inductive Automation, Industrial Video & Control, InfluxData, Kx Systems, LiveData Utilities, Open Automation Software, Progea, Savigent Software, Sorbotics and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- On Premise
By Organization Size:
- Large Scale
- Production Tracking
- Environmental Auditing
- Asset Performance Management and GRC Management
- Predictive Maintenance
By End Use:
- Oil and Gas
- Chemicals and Pharmaceuticals
- Paper and Pulp
- Metals and Mining
- Data Centres
- North America
- Asia Pacific
- Latin America
- Rest of the World