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HOME Top Market Reports Data Historian Market by Application (Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management), Component (Software/Tools, Service), Deployment Mode, Organization Size, End-user, and Region - Global Forecast to 2023

Data Historian Market by Application (Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management), Component (Software/Tools, Service), Deployment Mode, Organization Size, End-user, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: TC 6512

 

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[164 Pages Report] The global data historian market size was USD 834.3 million in 2017 and is projected to reach USD 1,271.1 million by 2023 at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period. The base year for this report is 2017, and the market forecast period is 2018–2023. Major growth factors for the market include the increasing business need to consolidate the data for performance and quality improvement.

Objectives of the Study

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.

Research Methodology

The research methodology used to estimate and forecast the data historian market begins with capturing the data on the key vendor revenues through secondary research, which includes directories and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Vendor offerings have also been considered to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall global data historian market size that was derived from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

The breakdown of profiles of primary participants is depicted in the figure below:

Data Historian Market

To know about the assumptions considered for the study, download the pdf brochure

The data historian market includes a number of major vendors providing software and services, such as General Electric Company (US), ABB Ltd (Switzerland), Emerson Electric Co. (US), Siemens AG (Germany), AVEVA Group plc (UK), Honeywell International Inc. (US), Rockwell Automation, Inc. (US), OSIsoft (US), ICONICS, Inc. (US), IBM Corporation (US), Yokogawa Electric Corporation (Japan), PTC, Inc. (US), Inductive Automation (US), Canary Labs (US), Open Automation Software (US), InfluxData, Inc. (US), Progea (Italy), Kx Systems (US), Sorbotics. LLC (US), Savigent Software (US), Automsoft (Ireland), LiveData Utilities (US), Industrial Video & Control Co. (US), Aspen Technology, Inc. (US), and COPA-DATA GmbH (Austria).

Key Target Audience:

  • Application developers
  • Service providers and distributors
  • Third-party vendors
  • Independent Software Vendors (ISVs)
  • Enterprises
  • End-users
  • Smart manufacturing consultants

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

The research report categorizes the data historian market to forecast revenues and analyze trends in each of the following sub segments:

By Application

  • Production Tracking
  • Environmental Auditing
  • Asset Performance Management
  • GRC Management
  • Predictive Maintenance
  • Others (Security and Quality Control Management)

By Component

  • Software/Tools
  • Services

By Deployment model

  • On-Premises
  • Cloud

By Organization size

  • Small and Medium-Sized Enterprises (SMEs)
  • Large enterprises

By End User

  • Oil & Gas
  • Marine
  • Chemicals & Pharmaceuticals
  • Paper & Pulp
  • Metal & Mining
  • Utilities
  • Data Centers
  • Others (Food & Beverages, Infrastructure, Heavy Engineering & Automotive, and Railways)

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Drivers

Increasing demand for consolidated data for process and performance improvement

With rapid business expansions, it has become necessary for businesses to deliver the right information to the right person at the right time. Despite complications, consolidating data has become necessary for prioritizing business activities, which include enhancement in customer experience, operational process, and overall business performance. Data historian solutions play an important role in collecting, storing, and making the stored data available to users across enterprises. The data historian solutions synchronize the data, and thus eliminate the complexity of maintaining multiple connections across distant site locations.

Rising industrial big data

As organizations are becoming scattered and sensors affordable, data volumes are also rising at an exponential rate. Industrial big data is the explosion of data, which is difficult to manage as it is collected from multiple systems, devices, and applications. Thus, it has become necessary for engineering industries to replace their outdated software solutions with data historian solutions.

Restraints

High deployment costs

With the ongoing innovations, manufacturing excellence can be achieved by leveraging the advantages of companies’ ecosystem which consists of customers, partners, and various outside participants. It requires extensive implementation of advanced analytical tools and automation processes. As the deployment cost of data historian solutions is high, a long-term investment is required for digitizing and improving business operations.

Opportunities

Growing need for industrial 360 Hypervision

With data being the major factor for making the right decisions, it has become important to have a closer look at the process control industry. 360 Hypervision helps maintain accuracy, mitigate production costs, and enhance productivity and quality during the production life cycle.

Challenges

Growing impact of IIoT

IIoT consists of connected industrial systems, which coordinate their information analytics to enhance overall industrial performance. A key function of IIoT and Big Data technologies is to deliver insights for enhancing operational processes and assisting decision makers in making actionable decisions across enterprises. Both data historian and IIoT solutions are capable of gathering actionable insights through sensors and actuators, which are used to obtain and gain deeper perception via records and analytics. Despite data historian represents meaningful data, it requires more time to extract the same value as compared to an IIoT solution. IIoT solutions deliver improved scalability, gather meaningful business insights, and present operational data to provide organizations with more visibility into their processes on a real-time basis.

New Product Launches and Product Upgradations, 2015–2018

Date

Company Name

Description

January 2018

Honeywell (US)

Honeywell launched its new platform, namely, Honeywell Connected Plant Uniformance Cloud Historian for industrial usage. This is a Software-as-a-Service (SaaS), which would help in the analysis and visualization of the operational data to enhance plant uptime and manage assets across the organization.

December 2017

InfluxData (US)

InfluxData released the industry’s first advanced Kubernetes auto scaling and Prometheus read/write support. The new release would enable developers to efficiently control and utilize their containers by determining Kubernetes auto scaling based on any metric generated by K8s and collected with InfluxData.

Partnerships, Collaborations, and Agreements, 2015–2018

Date

Company Name

Description

May 2018

General Electric (US) and SIG Combibloc (Switzerland)

GE forged a strategic partnership with SIG Combibloc to power digital innovation in food and beverages packaging.

April 2018

Aveva Group (UK) and EOH (South Africa)

Aveva expanded its partnership with EOH, an IT service management company to improve Sub-Saharan African sales and support for Aveva’s software portfolio.

Business Expansions, 2015–2018

Date

Company Name

Description

March 2018

InfluxData (US)

InfluxData announced its continued expansion in the EMEA region to meet the growing global demand for its time series database metrics and events platform, and support the existing and new customers in the region.

December 2017

Siemens (Germany)

Siemens established 20 centers in 17 countries for digital customer application in the industrial sector. Customers are increasingly using digital platforms for their daily transactions and Siemens is the first international business enterprise to set up 20 facilities for digital client applications in the industrial sector.

Acquisitions, 2016

Date

Company Name

Description

October 2016

Rockwell Automation (US) and MAVERICK Technologies (US)

Rockwell Automation acquired MAVERICK Technologies to deliver innovative control and information solutions to customers. MAVERICK Technologies is the largest independent systems integrator in North America and is a global leader in industrial automation.

May 2016

ABB (Switzerland) and SVIA (Sweden)

ABB acquired SVIA, a leading provider of robot automation. The acquisition expanded the product portfolio of ABB by reducing engineering costs and providing complete solutions based on the Internet of Things, Services, and People (IoTSP). ABB’s Discrete Automation and Motion division puts SVIA as part of its robotics business unit.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players up to 5

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Market
    4.2 Market Share, By Region
    4.3 Investment Opportunities in the Data Historian Market
    4.4 Market Share, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Consolidated Data for Process and Performance Improvement
                    5.2.1.2 Rising Industrial Big Data
           5.2.2 Restraints
                    5.2.2.1 High Deployment Costs
           5.2.3 Opportunities
                    5.2.3.1 Growing Need for Industrial 360 Hypervision
           5.2.4 Challenges
                    5.2.4.1 Growing Impact of IIoT
    5.3 Industry Trends
    5.4 Data Historian: Use Cases
           5.4.1 Use Case #1: Enhanced Visibility of Data Resulted in Greater Productivity
           5.4.2 Use Case #2: Moving Data From Programmable Logic Controller (PLC) to Open Databases for Historical Logging and Analysis
           5.4.3 Use Case #3: Data Mining and Data Aggregation Needs
    5.5 Data Historian: Evolution
    5.6 Regulations
           5.6.1 EU General Data Protection Regulation (GDPR)
           5.6.2 Cloud Standard Customer Council (CSCC)

6 Data Historian Market, By Application (Page No. - 42)
    6.1 Introduction
    6.2 Production Tracking
    6.3 Environmental Auditing
    6.4 Asset Performance Management
    6.5 Governance, Risk, and Compliance Management
    6.6 Predictive Maintenance
    6.7 Others

7 Market By Component (Page No. - 50)
    7.1 Introduction
    7.2 Software/Tools
    7.3 Services
           7.3.1 Managed Services
           7.3.2 Professional Services
                    7.3.2.1 Consulting Services
                    7.3.2.2 Support and Maintenance Services

8 Market By Deployment Mode (Page No. - 58)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Market By Organization Size (Page No. - 62)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Data Historian Market Analysis, By End-User (Page No. - 66)
     10.1 Introduction
     10.2 Oil and Gas
     10.3 Marine
     10.4 Chemicals and Pharmaceuticals
     10.5 Paper and Pulp
     10.6 Metals and Mining
     10.7 Utilities
     10.8 Data Centers
     10.9 Others

11 Data Historian Market, By Region (Page No. - 76)
     11.1 Introduction
     11.2 North America
             11.2.1 By Country
                        11.2.1.1 United States
                        11.2.1.2 Canada
             11.2.2 By Application
             11.2.3 By Component
             11.2.4 By Deployment Mode
             11.2.5 By Organization Size
             11.2.6 By End-User
     11.3 Europe
             11.3.1 By Country
                        11.3.1.1 United Kingdom
                        11.3.1.2 Germany
                        11.3.1.3 France
                        11.3.1.4 Rest of Europe
             11.3.2 By Application
             11.3.3 By Component
             11.3.4 By Deployment Mode
             11.3.5 By Organization Size
             11.3.6 By End-User
     11.4 Asia Pacific
             11.4.1 By Country
                        11.4.1.1 China
                        11.4.1.2 Japan
                        11.4.1.3 Singapore
                        11.4.1.4 Australia and New Zealand
                        11.4.1.5 Rest of APAC
             11.4.2 By Application
             11.4.3 By Component
             11.4.4 By Deployment Mode
             11.4.5 By Organization Size
             11.4.6 By End-User
     11.5 Latin America
             11.5.1 By Country
                        11.5.1.1 Brazil
                        11.5.1.2 Mexico
                        11.5.1.3 Rest of Latin America
             11.5.2 By Application
             11.5.3 By Component
             11.5.4 By Deployment Mode
             11.5.5 By Organization Size
             11.5.6 By End-User
     11.6 Middle East and Africa
             11.6.1 By Country
                        11.6.1.1 United Arab Emirates
                        11.6.1.2 Kingdom of Saudi Arabia
                        11.6.1.3 Qatar
                        11.6.1.4 South Africa
                        11.6.1.5 Rest of MEA
             11.6.2 By Application
             11.6.3 By Component
             11.6.4 By Deployment Mode
             11.6.5 By Organization Size
             11.6.6 By End-User

12 Competitive Landscape (Page No. - 103)
     12.1 Overview
     12.2 Prominent Players in the Data Historian Market
     12.3 Competitive Scenario
             12.3.1 New Product Launches and Product Upgradations
             12.3.2 Partnerships, Collaborations, and Agreements
             12.3.3 Expansions
             12.3.4 Acquisitions

13 Company Profiles (Page No. - 108)
(Business Overview, Products Solutions, & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.1 ABB
     13.2 AVEVA Group
     13.3 General Electric
     13.4 Honeywell
     13.5 IBM
     13.6 Siemens
     13.7 Yokogawa
     13.8 Aspen Technology
     13.9 Emerson
     13.10 PTC
     13.11 Rockwell Automation
     13.12 ICONICS
     13.13 OSIsoft
     13.14 Automsoft
     13.15 Canary Labs
     13.16 COPA-DATA
     13.17 Inductive Automation
     13.18 Industrial Video & Control
     13.19 InfluxData
     13.20 Kx Systems
     13.21 LiveData Utilities
     13.22 Open Automation Software
     13.23 Progea
     13.24 Savigent Software
     13.25 Sorbotics

*Details on Business Overview, Products Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 156)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: MarketsandMarkets’ Subscription Portal
     14.4 Available Customization
     14.5 Related Reports
     14.6 Author Details


List of Tables (77 Tables)

Table 1 Data Historian Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y%)
Table 2 Market Size, By Application, 2016–2023 (USD Million)
Table 3 Production Tracking: Market Size, By Region, 2016–2023 (USD Million)
Table 4 Environmental Auditing: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Asset Performance Management: Market Size, By Region, 2016–2023 (USD Million)
Table 6 Governance, Risk, and Compliance Management: Market Size, By Region, 2016–2023 (USD Million)
Table 7 Predictive Maintenance: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Others: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Data Historian Market Size, By Component, 2016–2023 (USD Million)
Table 10 Software/Tools: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Services: Market Size, By Service, 2016–2023 (USD Million)
Table 12 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 13 Managed Services: Market Size, By Region, 2016–2023 (USD Million)
Table 14 Professional Services: Market Size, By Type, 2016–2023 (USD Million)
Table 15 Professional Services: Market Size, By Region, 2016–2023 (USD Million)
Table 16 Consulting Services Market Size, By Region, 2016–2023 (USD Million)
Table 17 Support and Maintenance Services Market Size, By Region, 2016–2023 (USD Million)
Table 18 Data Historian Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 19 On-Premises: Market Size, By Region, 2016–2023 (USD Million)
Table 20 Cloud: Market Size, By Region, 2016–2023 (USD Million)
Table 21 Market Size, By Organization Size, 2016–2023 (USD Million)
Table 22 Small and Medium-Sized Enterprises: Market Size, By Region, 2016–2023 (USD Million)
Table 23 Large Enterprises: Market Size, By Region, 2016–2023 (USD Million)
Table 24 Data Historian Market Size, By End-User, 2016–2023 (USD Million)
Table 25 Oil and Gas: Market Size, By Region, 2016–2023 (USD Million)
Table 26 Marine: Market Size, By Region, 2016–2023 (USD Million)
Table 27 Chemical and Pharmaceuticals: Market Size, By Region, 2016–2023 (USD Million)
Table 28 Paper and Pulp: Market Size, By Region, 2016–2023 (USD Million)
Table 29 Metals and Mining: Market Size, By Region, 2016–2023 (USD Million)
Table 30 Utilities: Market Size, By Region, 2016–2023 (USD Million)
Table 31 Data Centers: Market Size, By Region, 2016–2023 (USD Million)
Table 32 Others: Market Size, By End Users, 2016–2023 (USD Million)
Table 33 Data Historian Market Size, By Region, 2016–2023 (USD Million)
Table 34 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 35 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 36 North America: Market Size, By Component, 2016–2023 (USD Million)
Table 37 North America: Market Size, By Service, 2016–2023 (USD Million)
Table 38 North America: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 39 North America: Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 40 North America: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 41 North America: Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Europe: Data Historian Market Size, By Country, 2016–2023 (USD Million)
Table 43 Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 44 Europe: Market Size, By Component, 2016–2023 (USD Million)
Table 45 Europe: Market Size, By Service, 2016–2023 (USD Million)
Table 46 Europe: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 47 Europe: Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 48 Europe: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 49 Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Asia Pacific: Data Historian Market Size, By Country, 2016–2023 (USD Million)
Table 51 Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 52 Asia Pacific: Market Size, By Component, 2016–2023 (USD Million)
Table 53 Asia Pacific: Market Size, By Service, 2016–2023 (USD Million)
Table 54 Asia Pacific: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 55 Asia Pacific: Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 56 Asia Pacific: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 57 Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 58 Latin America: Data Historian Market Size, By Country, 2016–2023 (USD Million)
Table 59 Latin America: Market Size, By Application, 2016–2023 (USD Million)
Table 60 Latin America: Market Size, By Component, 2016–2023 (USD Million)
Table 61 Latin America: Market Size, By Service, 2016–2023 (USD Million)
Table 62 Latin America: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 63 Latin America: Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 64 Latin America: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 65 Latin America: Market Size, By End-User, 2016–2023 (USD Million)
Table 66 Middle East and Africa: Data Historian Market Size, By Country, 2016–2023 (USD Million)
Table 67 Middle East and Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 68 Middle East and Africa: Market Size, By Component, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Market Size, By Service, 2016–2023 (USD Million)
Table 70 Middle East and Africa: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 71 Middle East and Africa: Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 72 Middle East and Africa: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 73 Middle East and Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 74 New Product Launches and Product Upgradations, 2015–2018
Table 75 Partnerships, Collaborations, and Agreements, 2015–2018
Table 76 Business Expansions, 2015–2018
Table 77 Acquisitions, 2016

List of Figures (47 Figures)

Figure 1 Data Historian Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Market Assumptions
Figure 9 Global Data Historian Market is Expected to Witness Significant Growth During the Forecast Period
Figure 10 Data Historian Market Snapshot, By Component, 2018 vs 2023
Figure 11 Market Snapshot, By Service, 2018 vs 2023
Figure 12 Market Snapshot, By Application, 2018 vs 2023
Figure 13 Market Snapshot, By Deployment Mode, 2018 vs 2023
Figure 14 Market Snapshot, By End-User, 2018–2023
Figure 15 Rapid Growth in Industry Data Volumes and Data Consolidation for Process and Performance Quality Improvement are Expected to Drive the Growth of the Data Historian Market
Figure 16 Asia Pacific is Estimated to Have the Largest Market Share in 2018
Figure 17 Asia Pacific is Estimated to Have the Largest Market Share in 2018
Figure 18 Data Historian Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Production Tracking Application is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Consulting Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 The Cloud Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period.
Figure 24 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Data Center is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific is Expected to Grow at the Highest CAGR in the Data Historian Market During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Key Developments By the Leading Players in the Data Historian Market, 2015–2018
Figure 30 ABB: Company Snapshot
Figure 31 ABB: SWOT Analysis
Figure 32 AVEVA Group: Company Snapshot
Figure 33 AVEVA: SWOT Analysis
Figure 34 General Electric: Company Snapshot
Figure 35 General Electric: SWOT Analysis
Figure 36 Honeywell: Company Snapshot
Figure 37 Honeywell: SWOT Analysis
Figure 38 IBM Corporation: Company Snapshot
Figure 39 IBM: SWOT Analysis
Figure 40 Siemens: Company Snapshot
Figure 41 Siemens : SWOT Analysis
Figure 42 Yokogawa: Company Snapshot
Figure 43 Yokogawa: SWOT Analysis
Figure 44 Aspen Technology: Company Snapshot
Figure 45 Emerson: Company Snapshot
Figure 46 PTC: Company Snapshot
Figure 47 Rockwell Automation: Company Snapshot

The global data historian market is expected to grow from USD 914.9 million in 2018 to USD 1,271.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period. Major growth factors for the market include rapidly rising volumes of industrial big data and an increasing demand for consolidated data for process and performance improvement.

The report provides detailed insights into the global data historian market. It segments the market by application, component, deployment mode, organization size, end-user, and region. Among applications asset performance management application is expected to continue to dominate the market during the forecast period. Major sectors, particularly the upstream oil and gas, and power and utilities, are investing in solutions to reduce the unplanned interruption in production, optimize asset utilization, mitigate maintenance costs, and cut the risk of failures of both critical and non-critical assets. These factors are driving the growth of asset performance management segment. The production tracking application is expected to grow at the highest CAGR with the growing importance of historian data process among oil, gas, and utilities with the need for better management of data and ultimately, legacy systems.

In the component segment, the data historian software/tools segment is expected to have a higher market share during the forecast period. The demand for data historian software/tools is growing, as organizations need data historian to manage increasing data volumes to enhance productivity and maintain business continuity.

Among deployment models, the cloud deployment model is expected to record a higher CAGR during the forecast period, owing to its cost effectiveness, scalability, and ease of deployment. The large enterprises segment is expected to dominate the market in terms of market share, as large enterprises are focusing on efficient data management to drive business growth. However, the Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period, owing to the easy availability and scalability of cloud-based deployments.

The oil and gas end-user segment is expected to have the largest market size during the forecast period. This end-user segment is witnessing new growth opportunities coupled with rapid digital initiatives. Moreover, oil and gas companies rely on the past data to analyze any machine’s condition to avoid future breakdowns by using the predictive maintenance capabilities of the deployed data historian solution. The solution also helps in cutting significant costs while providing improved agility and scalability, overcoming the operational challenges. The data center segment is expected to grow at the highest CAGR during the forecast period growing with a CAGR of 9.0%.

Data Historian Market

The report covers all the major aspects of the data historian market and provides an in-depth analysis across 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to have a significant share in the global data historian market, owing to the direct presence of most of data historian vendors. APAC is expected dominate the market and would grow at the highest CAGR during the forecast period, owing to the growing adoption of data historian software and services among SMEs with growing digitalization, and increasing adoption of IoT-based technologies.

However, high deployment costs would restrain the market growth. Growing need for industrial 360 hypervision would create lucrative market opportunities.

The global data historian market is fragmented in nature, as no single vendor dominates the market. Major vendors of data historian software/tools and services include General Electric Company (US), ABB Ltd (Switzerland), Emerson Electric Co. (US), Siemens AG (Germany), AVEVA Group plc (UK), Honeywell International Inc. (US), Rockwell Automation, Inc. (US), OSIsoft (US), ICONICS, Inc. (US), IBM Corporation (US), Yokogawa Electric Corporation (Japan), PTC, Inc. (US), Inductive Automation (US), Canary Labs (US), Open Automation Software (US), InfluxData, Inc. (US), Progea (Italy), Kx Systems (US), Sorbotics. LLC (US), Savigent Software (US), Automsoft (Ireland), LiveData Utilities (US), Industrial Video & Control Co. (US), Aspen Technology, Inc. (US), and COPA-DATA GmbH (Austria). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, expansions, and acquisitions, to expand their offerings in the global data historian market.

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