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Data Historian Market Estimated to Boost in Near Future 2027 with Key Players – ABB Group, Aspen Technology, AVEVA Group, Emerson Electric, General Electric Company, Honeywell International, IBM, PTC, Siemens AG, Yokogawa Electric Corporation

Press release   •   Jul 12, 2019 20:06 IST

The data historian software programs are designed to record and retrieve production and process data by time. The information thus stored is in an efficient time-series database requiring minimal disk space and enabling fast retrieval. The software can record analog and digital readings such as temperature, pressure, discrete level sensors besides product, quality and alarm information and aggregate data such as average and standard deviation. Data historians are used in heavy equipment monitoring, utilities, data center, manufacturing sites, racing and environmental monitoring, among other useful applications.

The data historian market is anticipated to grow in the forecast period owing to driving factors such as high demand from major end-use industries for process and performance improvement through consolidated data. However, high deployment costs are likely to hamper the growth of the data historian market. On the other hand, the market is expected to showcase significant opportunities on account of industrial 360-degree hypervision during the forecast period.

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The reports cover key developments in the Data Historian market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Data Historian market are anticipated to lucrative growth opportunities in the future with the rising demand for Data Historian market in the global market.

Key Players Influencing the Market

ABB Group

Aspen Technology, Inc.

AVEVA Group plc

Emerson Electric Co.

General Electric Company

Honeywell International Inc.

IBM Corporation

PTC Inc.

Siemens AG

Yokogawa Electric Corporation

The "Global Data Historian Market Analysis to 2027" is a specialized and in-depth study of the Data Historian industry with a focus on the global market trend. The report aims to provide an overview of global Data Historian market with detailed market segmentation by solution, deployment type, application, vertical and geography. The global Data Historian market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The global data historian market is segmented on the basis of components, deployment mode, organization size and industry vertical. By components, the market is segmented as software and services. Based on deployment mode, the market is segmented as cloud-based and on-premises. On the basis of the organisation size, the market is segmented as large enterprises and SMEs. The market on the basis of the industry vertical is classified as oil & gas, marine, chemicals, pharmaceuticals, metals & mining, utilities, data centers and others.

Besides this, the report analyzes factors affecting Data Historian market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Data Historian Market report.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Data Historian market based on the type and application. It also provides market size and forecast till 2027 for overall Data Historian market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the Data Historian Market.
  • Key market trends cracking up the growth of the Data Historian Market.
  • Challenges to market growth.
  • Key vendors of Data Historian Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Data Historian Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.
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