The "Data Historian Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The data historian market is expected to reach a CAGR of 6.8% during the forecast period (2020 - 2025).
The market's growth is attributed to the wide applications in data centers, chemical plants, nuclear power plants, automobiles, pharmaceutical manufacturing, water management, environmental control, and agriculture for recording data on network bandwidth, fluid levels, pressure level, fan temperature, limit switches, and valve positions in one or more locations. Moreover, users can evaluate its operation, efficiency, profitability, and setbacks of production with data historians.
General Electric Company
Honeywell International Inc.
Emerson Electric Co.
AVEVA Group plc
Rockwell Automation Inc.
Open Automation Software
Key Market Trends
Cloud Deployment To Drive the Market Growth
The cloud deployment is the experiencing highest growth rate during the forecasted period. The primary reason being greater adoption among the Small and Medium Enterprises (SMEs). Majorly the assets are physically spread out for instance, in a building or across multiple locations. Cloud deployment option facilitates easy operability among varied locations without concerning installing software and maintaining the supportive hardware to support it.?
A cloud-based data historian can provide the capability to store large amount of data and easily integrate with tools to analyze that data and turn it into actionable information. It can enable access to big data from any desktop, web browser, or mobile device, tying into a trusted cloud infrastructure. Moreover, the cloud-based data historian can use connection technology that leverages a public, private, or hybrid cloud infrastructure to increase collaboration and efficiency without comprising security.
Cloud-based data historians provide advanced analysis. For instance, Honeywell's Uniformance Cloud Historian uses cloud technology to analyze data across multiple sites to improve asset availability and increase plant uptime and enable users with a new edge, cloud, and data lake technologies for the process, asset, and business data. Moreover, it helps the user to improve both plant and enterprise performance.
North America to Hold Highest Market Share
North America holds the highest market share owing to increasing spending on the R&D for new innovation in the data historian market in countries in the region. Moreover, the region has vendors like Honeywell International Inc., General Electric Company, Rockwell Automation, Inc., etc. who are continuously investing in the market.
Furthermore, the region is known for innovation, adoption of the latest technologies like cloud computing, big data analytics, etc. As per the RightScale's State of the Cloud Report 2019, over 80% of North American and European companies are using a complex deployment model in the cloud, i.e., 58% of the hybrid cloud, which grew from 51% in 2018 and 24% implementing a multi-cloud strategy, with an average of 5 cloud providers.
The region also contributes substantially to the global data center demand from the IT, BFSI, retail, and healthcare industries. Real estate experts, such as CBRE, have reported that almost 90% of data center space around the world is occupied by the US. This is further boosting the demand for data historian markets.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY?
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Consolidated Data for Process and Performance Improvement
4.2.2 Rising Industrial Big Data
4.3 Market Restraints
4.3.1 High Deployment Costs
4.4 Industry Attractiveness - Porter's Five Forces Analysis?
4.4.1 Bargaining Power of Suppliers?
4.4.2 Bargaining Power of Consumers?
4.4.3 Threat of New Entrants?
4.4.4 Threat of Substitute Products ?
4.4.5 Intensity of Competitive Rivalry?
4.5 Assessment on the Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Component
5.2 By Deployment Mode
5.3 By End-user Industry
5.3.1 Data Centers
5.3.2 Oil & Gas
5.3.3 Paper & Pulp
5.3.4 Water Management
5.3.6 Other End-user Industry
5.4.1 North America
5.4.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles*
6.1.1 General Electric Company
6.1.2 Siemens AG
6.1.4 Honeywell International Inc.
6.1.5 Emerson Electric Co.
6.1.6 AVEVA Group plc
6.1.7 Rockwell Automation Inc.
6.1.8 OSIsoft LLC
6.1.10 Open Automation Software
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/n912as
View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005645/en/
Laura Wood, Senior Press Manager
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