Data Historian Market

Market Leaders - Data Historian Market

Data Historian tools assist companies in gaining more control over their production facility and equipment while making pertinent changes in a timely manner, increase efficiency, speed, and performance, enhance the quality of production. A data historian solution provides tracing and recording of the real-time data, with rapid accessibility to the historical data which is used to understand the past behaviorial pattern to identify and predict the potential breakdown to reduce the downtime and avert the loses. Moreover, the data historian also tracks the issues occured by not compling to regulations and helps to adhere to these regulations. Data historian solutions help improve the production tracking, assist in environmental auditing and GRC management, and also enable better predictive maintenence throughout the production life cycle. 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. An increasing business need to consolidate the data for performance and quality improvement is a major growth driver for the global data historian market.

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). The other stakeholders of the data historian market include research organizations, network and system integrators, managed services providers, and web and audience analytics. The players in this market have embraced different strategies to extend their worldwide presence and market shares. Their major growth strategies have been partnerships, new product launches, product upgradations, mergers and acquisitions, joint ventures, and expansions.

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General Electric, founded in the 1892, has its headquarters in Massachusetts, the US. The company offers data historian through its subsidiary GE Digital which was founded in 2011 in California. GE Digital provides an edge to cloud-based software and analytics, cybersecurity, field services management software, and industrial machine learning technology. The company launched Predix, a platform for developing Industrial Internet of Things (IIoT) applications. GE Digital introduced Predix Cloud in 2015, particularly to manage various types of data generated by heavy-duty machinery, such as jet engines In 2016, the company acquired Bit Stew Systems,, and ServiceMax to enhance and integrate machine learning and artificial intelligence to its PrediX Platform. In November 2016, GE Digital launched dedicated programs for Independent Software Vendors (ISVs). These programs are designed for the development of a marketplace in Predix applications.

Aveva Group, a holding company, provides engineering, designing, and information management software to industrial customers in oil and gas, building and infrastructure, chemical processing and petrochemical, marine and offshore, power and utilities, mining and mineral, pulp and paper, fabrication, and pharmaceutical verticals across the globe. It offers Enterprise Historian, Historian, and Historian Client which offer real-time data management to data present across the facility. Additionally, it offers relative service to enhance their customer experience with constant business as well as training support. The company’s Digital Asset approach ensures a constant, accurate digital representation of each physical asset, which helps its customers to work more efficiently and in a safer work environment throughout the operation cycle. In the last few years, the company has majorly adopted the collaborations strategy, for instance, in April 2016, it worked with Microsoft. The recent merger with Schneider Electric’s Industrial Software Business is expected to drive the company in the coming years.

Related 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

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