Global Data Historian Market Trajectory & Analytics 2020-2025: Rise of industrial Big Data and the Growing Importance of Storing Process Data for Time-Series Analysis – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Data Historian – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The global market for Data Historian is projected to reach US$1.1 billion by 2025, driven by the rise of industrial big data and the growing importance of storing process data for time-series analysis to extract phenomena like long-term trends, cyclical fluctuations and anomalies.

With modern businesses operating in data-intensive environments, data is at the core of about every vital business decision. Data volumes are increasing at an alarming rate with organizations becoming more scattered and large number of sensors being used. Consolidating and managing the large amount of industrial big data derived from various devices, systems and applications has become a major challenge for industries. On the other hand, rapid expansion of businesses has further increased the need for precise information to make accurate decisions.

Growing in popularity under this scenario is data historian also called as operational historian or process historian, and defined as an intelligent software program which captures and retrieves production as well as process data by time and stores data in a time series database.

Few of the benefits that strengthen the business case for data historian include high speed data acquisition; 50x data compression; reduced storage space; effective in capturing plant IoT data; complete capture of plant operating data; enables complex event processing; query interfaces that feed into enterprise BI pipes; quicker and informed decision making; and ensures business continuing and disaster recovery.

China ranks as the fastest growing market with a CAGR of 5.9% over the analysis period supported by the changing attitude of the conventional manufacturing sector towards BI. The Chinese manufacturing and production sector is tactically implementing long-term digitalization strategies to achieve manufacturing success both locally and internationally. Illustrative of this is the fact that the domestic digital sector contributes over 6% to the countrys overall GDP. Asia-Pacific excluding China follows next with a 5.5% CAGR led by India and other Southeast Asian countries.

Competitors identified in this market include, among others:

• ABB
• Aspen Technology, Inc.
• Automsoft
• AVEVA Group plc
• Canary Labs
• COPA-DATA GmbH
• Emerson Electric Co.
• GE Digital
• Honeywell International Inc.
• ICONICS, Inc.
• IBM Corporation
• OSIsoft
• PTC, Inc.
• Rockwell Automation, Inc.
• Siemens AG
• Yokogawa Electric Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• An Insight into Data Historian
• Evolution of Data Historians into Data Infrastructure
• Outlook
• Oil & Gas Industry Holds the Largest Share
• Growing Investments in Oil & Gas Exploration (2017-2025): Capital Expenditure in US$ Billion
• Asia-Pacific to Foster Fastest Growth
• Data Historian Becomes Distributed
• Global Competitor Market Shares
• Data Historian Competitor Market Share Scenario Worldwide (in %): 2019
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• IIoT and the Changing Relevance of Data Historian
• Growing Investments in IoT by Manufacturing Firms Turns the Focus on Making IoT Deliver Business Value Via Analytics: Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
• Process Historians Aid Digital Transformation
• Historian Emerges as an Useful Tool for Production Tracking
• Predictive Analytics Leverage Data Historian
• Analytics Receives New Significance as IoT Ecosystems Evolve & Data Growth Spirals, Making Aggregation & Analysis Buzzwords for IoT Success & Value Creation: Global Market for Data Analytics (In US$ Billion) by Type for the Years 2018 and 2023
• Advantages of Predictive Maintenance by % Share
• Machine Learning Emerges as an Evolving Application Platform
• Expanding Volumes of Industrial Big Data Sets the Demand for Data Historian
• Massive Volumes of Big Data Generated by IoT Accelerates the Criticality of Big Data Analytics and Technologies to Create Real World IoT Benefits: Global IoT Big Data (In Zettabytes) for the Years 2015, 2018 and 2020
• Strong Growth of Smart Manufacturing Concepts to Drive the Importance of Big Data in Predictive Asset Maintenance, Supply Chain/Inventory Planning, Energy Management & Process Management: Global Market for Smart Manufacturing (In US$ Billion) for the Years 2016, 2018, 2020 and 2022

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION

• Total Companies Profiled: 31

For more information about this report visit https://www.researchandmarkets.com/r/1ewdxw

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