Data Historian Segmented By Cloud-based, On-Premise Solution in Energy & Utilities, Pharmaceuticals, Paper & Pulp, Chemicals, Marine, Data Centers, Metal & Mining,
Industry: IT and Telecommunication
Published Date: July-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 425
Report ID: PMRREP24847
Global data historian market revenue totaled US$ 1.45 Bn at the end of 2021. The market is expected to reach US$ 2.67 Bn by 2032, expanding at a CAGR of 5.8% over the decade.
Data historian solutions currently represent around 14% share of the global data visualization market.
| Attribute | Key Insights |
|---|---|
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Data Historian Market Size (2022) |
US$ 1.52 Bn |
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Projected Market Value (2032) |
US$ 2.67 Bn |
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Global Market Growth Rate (2022-2032) |
5.8% CAGR |
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Market Share of Top 5 Vendors |
35% |
Continuous innovation and deployment of new technologies, such as plant data historian software and hyper historian software, for a variety of applications, including asset performance management and production tracking has the potential drive the growth of the data historian market.
Each endeavor to build a data historian platform is driven by the requirement to manage greater data histories. The job of combining several data sets into a single, homogeneous data history might be summed up as the data warehousing task. Data historian is distinct, in that, data versioning is focused on real-life timestamps.
Data historian systems are used to provide real-time manufacturing intelligence solutions by gathering, storing, analyzing, and visualizing data from a variety of plant floor and business sources. Data historian solution providers specialized in high-end skills such as data-integration, data warehousing and data visualization deliver data services by using industry-leading process historian.
Industrial data historian streamlines the collection and storage of data from all areas of a facility. Process manufacturing businesses can employ data historians in conjunction with advanced analytics tools to get visibility into every part of the plant and boost efficiency and profitability in a highly competitive market.
The data historian market is expected to expand at 5.8% CAGR between 2022 and 2032 as compared to the 4.6% CAGR registered from 2017 to 2021. The recent increase of interest in Big Data has led to a rise in the demand for data historian solutions.
The industrial system where sensor data was collected and stored was formerly located adjacent to data historians, which are time-series databases. However, this data now needs to be transported, stored, and made searchable in a cloud-based database to benefit from artificial intelligence and big data analytics technologies, which are widely available in cloud environments.
Data historian market growth is anticipated to be driven by growing demand for cloud-based data historian software in the industrial sector for storing and retrieving production and process data.
High-speed data processing, remote data gathering, and intelligent asset management are just a few of the elements that are expected to contribute to the market's significant rise over the coming years.
“Rapid Advancements in Plant Data Historian Software”
There is always a large amount of data within an organization that needs to be stored, or there is a need to manage the flow of that data between various applications in the organization. If every application in the corporation needs to communicate with one another, there are an exponential number of interfaces that may be created.
A company with 1,000 applications may have as many as half a million interfaces. As a result, data historian tools or software include master data management hubs to give a central location to store all the data of the apps in an organization to produce master data.
In the same way, data warehouses also store all the data in one central place to obtain it for reporting and analysis, whenever needed. Hence, these hubs significantly simplify the problem of managing the flow of data between applications within an organization.
Thus, an increase in the adoption of plant data historian software is expected to drive the demand for data historian solutions during the forecast period.
“Advancement & Emerging Trends in Big Data & Analytics”
The world is moving toward digital transformation and has increased the adoption of cloud services. Advancements in technologies will create more opportunities for data historian solution providers.
Industrial big data is a huge amount of data that difficult to manage as it is composed from multiple systems, connected devices, and applications. Hence, it has become necessary for manufacturing industries to replace their traditional software solutions with new cloud-based data historian solutions.
Asian governments of developed nations have increased the usage of big data. Governments are developing teams of highly skilled and highly trained people, which will drive the growth of their nations for the next couple of decades.
Data is growing by leaps and bounds, and SMBs have begun to make use of workable information from big data and internet of things (IoT)-enabled devices.
Data historian vendors have also introduced their latest portfolios of hybrid cloud data protection solutions to offer SMBs an affordable way to secure their data against cyber security threats.
Europe is expected to account for nearly 31% share of the global data historian market in 2022 owing to rising R&D spending on new innovations across the region.
Due to the substantial presence of data historian software and service providers in the region, Europe is the largest market for data historian solutions. This is due to a significant rise in the need for data historian solutions for a variety of applications, including risk and audit management, condition-based maintenance, asset utilization monitoring, and production tracking.
Furthermore, it is projected that South Asia & Pacific would see the highest market growth for data historian due to its growing urbanization and economic development. Rapid advancements in new technologies, such as programmable networks and hybrid cloud solutions, have made it simpler and more affordable to enter new industries.
How Big is the Opportunity for Adoption of Data Historian Solutions in the U.K.?
Demand for data historian in the U.K. is expected to account for nearly 19.4% of the Europe market share by 2032. The U.K. is known for its innovation and adoption of cutting-edge technologies such as cloud computing and big data analytics.
Currently, the United Kingdom has over 30 programs that provide investment assistance to new data analytics companies. This sector is critical to economic development and has received significant investment as a result.
Skilled workforce, strong infrastructure, and a well-established and thriving market all point to a promising future for the country's data analytics sector.
Why is Demand for Data Historian Solutions Increasing in the U.S.?
The U.S. data historian market is expected to account for 71.1% of the North America market share by 2032.
Adoption of cloud-based solutions is increasing at an exponential rate in the United States, which is transitioning from on-premise solutions to cloud-based platforms. The U.S. has become one of the most proficient countries in using cloud technology. The country sees high investments in cloud-based data historian solutions.
Thus, technological advancements and significant investments in cloud historian solutions is a priority in the country and has fueled market growth. The U.S. also significantly contributes to global data center demand from the IT, BFSI, and healthcare industries.
Will India See High Adoption of Data Historian Solutions?
Sales revenue in India is estimated to increase at an impressive rate of 6.2% CAGR between 2022 and 2032, which is the highest CAGR as compared to other countries in the South Asia & Pacific region.
India is aggressively adopting digital technologies with rising Internet penetration rate. Indian companies in sectors such as manufacturing, pharmaceuticals, energy, metal and mining, and others are investing in data historian solutions, which has propelled market expansion in the country.
Growth in the Indian market is being driven by the increasing adoption of data historian software and services by small- and medium-sized businesses, against the backdrop of a surging digitalization trend in the country. Rising demand for effective and efficient data management software and services in various industries is also propelling market growth in India.
Why is Demand for Cloud-Based Historian Solutions Increasing Rapidly?
The cloud-based historian solutions segment is expected to expand at the highest CAGR of 6.7% as cloud deployment is anticipated to increase at the fastest rate.
Large amounts of data can be stored in a cloud-based data historian, which can also connect to tools for speedy analysis and conversion into usable information. It allows users to access vast volumes of data from any computer, web browser, or mobile device by connecting to a secure cloud infrastructure.
Cloud-based data historian solutions can use connecting technologies to boost collaboration and productivity without sacrificing security by using a public, private, or hybrid cloud architecture.
Why is Adoption of Data Historian Increasing the Energy & Utilities Sector?
The energy & utilities segment holds 23.9% of the global market share in 2022.
The energy & utilities industry, worth several billion dollars, needs constant process optimization. Modern technology makes it possible to create and gather enormous amounts of data, which can then be used to gain more knowledge and enhance process and asset performance monitoring to boost revenue. The potential need for equipment and device maintenance emerges from energy exploration.
Additionally, it is necessary to maintain the appropriate equipment due to the remote exploration sites from populated areas. Because the energy and utility industry is a multibillion dollar industry, even a little production equipment malfunction results in big losses. Because of this, businesses in this sector frequently use historical data to assess the condition of any equipment and avert breakdowns by making use of the forecast maintenance features of the installed data historian solution.
Top data historian solution providers rely heavily on the introduction of new products and strategic alliances to raise their bottom lines. To increase their market shares, data historian solution vendors are concentrating on developing innovative products and services.
| Attribute | Details |
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Forecast Period |
2022-2032 |
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Historical Data Available for |
2017-2021 |
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Market Analysis |
USD Million for Value |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
Data Historian Market by Solution:
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The global data historian market is estimated to expand at 5.8% CAGR and reach US$ 2.67 Bn by 2032.
The South Asia & Pacific market is expected to expand at a CAGR of 8% through 2032.
Between 2021 and 2022, revenue from data historian solutions increased at 5.1%.
Leading companies in this market are GE, ABB, Emerson, Siemens, AVEVA, and Honeywell, currently accounting for 35% market share.
From 2017 to 2021, demand for data historian solutions increased at 4.6% CAGR.
Advancements in plant data historian software and emerging trends in big data & analytics will drive market growth.
The on-premise segment is expected to dominate the market over the forecast period.
