Global Data Historian Market Size By Deployment (On-Premise, Cloud), By Component (Software, Services), By End-Use Industry (Oil And Gas, Manufacturing, Data Centers), Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Data Historian Market Size By Deployment (On-Premise, Cloud), By Component (Software, Services), By End-Use Industry (Oil And Gas, Manufacturing, Data Centers), Geographic Scope And Forecast

Data Historian Market Size And Forecast

Data Historian Market size was valued at USD 1,123.11 Million in 2021 and is projected to reach USD 1,786.90 Million by 2030, growing at a CAGR of 6.21% from 2023 to 2030.

Constant innovation and deployment of new technologies, such as hyper historian software and plant data historian software, for a variety of applications, including asset performance management and production tracking have the potential to drive the growth of the Data Historian Market. The Global Data Historian Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Data Historian Market Definition

A data historian is a software program that is used to periodically record the data of a production unit across various industry verticals. The data historian can store recorded data files in a time series database with little disk space usage and allow the user to retrieve data with minimal effort and time. Operators can use a time series database to learn about the past operation of machines, systems, equipment, and other characteristics, as well as their performance during the production process.

As your business takes off, it's all about getting the right info to the right person exactly when they need it. Sure, it can be tricky, but pulling all your data together is key. It lets you focus on what matters most, like making customers happier, smoothing out operations, and, well, just being successful. That's where data history solutions come in handy. They collect, protect, and share your data with everyone in the company. These systems sync everything up, so you don't have to mess with tons of connections all over the place.

Think about itplant managers and engineers can easily analyze control loops, figure out what went wrong, and keep track of how equipment changes. Because it's all less complicated, right? So, yeah, expect to see more and more businesses using data history solutions, especially because they help with making decisions on the fly and getting better insights. Data history solutions are now critical to consolidate data from different sources.

The COVID-19 pandemic hit various industry verticals hard in 2020. Due to the coronavirus pandemic, significant players in this market have faced unprecedented challenges due to production disruptions, delayed orders, and various suspended contracts. However, Data historians are widely adopted in multiple industries, and their demand has been unaffected even during the COVID-19 pandemic.

Back in the day, the first historians, those data powerhouses, were built on DEC VAX/VMS minicomputers. Their whole purpose was to keep data safe and sound for both analytics and staying on the right side of regulations. Makes sense that time series databases and even good old spreadsheets were popping up and getting better at the same time – they were all part of the industrial automation analytics scene. OSIsoft really kicked things off with their historians, and it wasn't long before everyone else in industrial automation jumped on the bandwagon. They started adding historians to their hardware, components, or offering them as separate software to boost their SCADA systems. A lot of SCADA developers, like Inductive Automation (the folks behind Ignition SCADA), just baked data historians right into their systems. But then you had the big guys – Siemens, Honeywell International, and ABB – who usually kept them as separate products.

The Industrial Internet of Things (IIoT), Big Data, cloud services, and other technical innovations that produce enormous (and continuously expanding) volumes of real-time data are driving the new wave of interest in time series data solutions. Several new initiatives have been launched to meet this growing need, including Google Cloud IoT, Azure IoT by Microsoft, and Amazon Timestream, as well as open-source relational databases for time-series data like TimescaleDB and InfluxDB. Naturally, many customers are using different data historians now than ever before.

The use of multi-site cloud-based implementations that roll data into a single view has replaced single-site, on-premises versions for data historians. A system integrator and software provider ecosystem has also emerged to install these systems and provide value-added applications on top of Data Historians.

Global Data Historian Market Overview

Think of data historian solutions as your company's central memory bank. They collect, store, and share important information with everyone who needs it. Instead of juggling connections to different sites, these systems bring all your data together in one place. When things need to run smoothly and consistently, companies rely on data historians to understand how processes are performing and quickly identify any problems. They keep track of things like CPU temperature, fan and equipment speeds (RPMs), flow rates, fluid and pressure levels, and even digital signals like valve positions, limit switches, and motor status. You'll also find quality assurance data related to process, product, and custom limits, plus alerts when things go outside those limits (and when they return!). Finally, this software crunches the numbers to provide insights with aggregated data like averages, standard deviations, process capability, and moving averages. You can learn more here.

The market’s expansion is attributed to the wide applications for recording data on network bandwidth, fluid levels, pressure levels, fan temperature, limit switches, and valve positions in one or more locations in data centers, chemical plants, nuclear power plants, automobiles, pharmaceutical manufacturing, water management, environmental control, and agriculture. Additionally, users can use data historians to assess its performance, effectiveness, profitability, and production failures. Manufacturing operations trying to switch production to innovative products and boost productivity have been more dependent on data historians who offer sensor data analytics since the pandemic.

Operational data in control systems were traditionally only accessible to operations teams physically present in plants. Still, due to growing remote working and digital transformation projects, offsite engineers now need access to data. It is becoming more crucial to automate operational data collection.

So, stuff happens, right? And when things go wrong in production, you really need to dig into the past – your historical data – to figure out exactly what went wrong and where. Think of it like pulling a weedyou gotta get the root! Once you yank that root cause out of the picture, you stop the whole problem from cropping up again. We're talking about the usual suspects hereoperator goof-ups, not cleaning enough (or cleaning right!), gadgets breaking down, and temperatures all over the place. That's why data historians are so important; they're like super-organized librarians for all your plant's data. Process manufacturers can then use these data historians, along with some fancy analytics, to really see what's happening across the whole operation and ultimately boost both profits and efficiency, which is crucial in today's cutthroat market.

With all the buzz around Industry 4.0 and these fancy "smart factories," companies are realizing they're sitting on mountains of data just waiting to be used! That's why you're seeing so many businesses searching for data historian solutions. They want to manage things better, keep their plants running smoothly and efficiently, and really dig into the data for insights. A lot of companies are also trying to pull data from all sorts of different places into one spot for easier analysis. Take Palm Group, for example – they're a big player in the European paper industry. They decided to use BTG's dataPARC data historian, analytics, and visualization software to boost their decision-making and problem-solving across their five paper mill sites in Europe. Basically, everyone wants consolidated data these days to make things run better and boost performance.

Global Data Historian MarketSegmentation Analysis

The Global Data Historian Market is segmented on the basis of Deployment Mode, Component, End-Use Industry, And Geography.

Data Historian Market, By Deployment

  • On-Premises
  • Cloud

To Get a Summarized Market Report By Deployment-

When it comes to how companies are using data historians, it breaks down into two main optionson-premises and the cloud. In 2021, on-premises solutions were the most popular, grabbing a whopping 64.94% of the market – that's about USD 848.46 Million! And, it's expected to keep growing at a steady pace of 5.31% annually. Now, going the on-premises route can be pricier because you're dealing with in-house servers, those software license fees, your own IT crew, and it can take longer to get everything up and running. But, the upside is that many feel it's more secure since everything stays within the organization's walls. Basically, with on-premises, you're running the whole show – managing and maintaining everything on your own hardware and servers. Plus, having that physical control over the server is a big perk for some users. On the other hand, cloud-based solutions were the second biggest piece of the pie in 2021, coming in at USD 458.09 Million. What's really interesting is that it's expected to grow the fastest, with an impressive annual growth rate of 7.48%.

Data Historian Market, By Component

  • Software
  • Services

Okay, so when we look at the Data Historian Market, we can break it down by what's being offeredServices and Software. In 2021, Services were the big winner, grabbing a whopping 62.78% of the market – that's about USD 820.21 Million! And they're expected to keep growing, with a projected CAGR of 5.52%. Companies are offering these services in different ways – some have a fully cloud-managed service, while others let you put the historian right there with your measurement unit, on your local network, or even both. Think of it like thisyou pay a monthly fee for them to take care of the data storage and upkeep. These Data Historian services are basically database software that keeps a close watch on things over the long haul, storing data in a time-series database for applications that need that constant monitoring. Plus, it doesn't matter what operating system you're running – the Historian service can handle it. Now, Software was number two in 2021, coming in at USD 486.34 Million. But get this – it's expected to grow the fastest, with a CAGR of 7.06%! Why? Well, it offers some pretty cool benefits, like making your HVAC equipment more energy-efficient and helping it last longer.

Data Historian Market, By End-Use Industry

  • Oil and Gas
  • Manufacturing
  • Data Centers
  • Others

Based on End-use Industry, the market is segmented into oil & gas, manufacturing, data centers, and others. The Global Data Historian Market is experiencing a scaled level of attractiveness in the Manufacturing segment. The Manufacturing segment holds the highest share of the market. It is anticipated to account for the highest market share of 25.91% by 2030. The segment is projected to gain an incremental market value of USD 139.79 Million and grow at a CAGR of 4.09% between 2023 and 2030.

A data historian is a piece of software that makes it possible to record production data from operations carried out by a manufacturing system. It makes information storage and timely retrieval more efficient. It gathers time-series data from the numerous sensors so that plant engineers can access it as needed. A historian’s data can be used for advanced analytics tools that produce insights for predictive monitoring and maintenance alerts, tracking changing market conditions, and direct business decision-making for the manufacturing sector.

Data Historian Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

To Get a Summarized Market Report By Geography-

On the basis of regional analysis, the Global Data Historian Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2021, North America dominated the market, grabbing a 44.71% share valued at a whopping USD 584.16 Million! We're expecting it to keep growing at a rate of 5.49% over the next few years. Asia Pacific came in second place in 2021, with a value of USD 192.26 Million, and is predicted to grow at 5.92%. But get thisLatin America is expected to take the lead with the fastest growth, predicted at a cool 8.74%! Being the most developed region in the world, North America's got its fingers in everything from communication to healthcare to tech. So, yeah, North America is likely to stay on top thanks to a bunch of things, like the increased need for data historian software in different industries, more and more people using cloud software, a growing demand from the oil and gas sector, and so on.

Demand for data historian software across the North American continent is growing as greater business value is generated by a historian software solution that rapidly collects industrial time series and data, stores it efficiently and securely, distributes it, and enables quick retrieval and analysis. Making data available for asset and process performance analysis alters how businesses operate and compete. Additionally, it is necessary to maintain the appropriate equipment due to the typical remoteness of the exploration sites from populated areas in the Oil & Gas Industry.

Key Players

The major players in the market are; Siemens AG, Mitsubishi Electric Corporation & ICONICS Inc., Rockwell Automation Inc., ABB, AVEVA Group plc (Schneider Electric), General Electric Company, Emerson Electric Co., Honeywell International Inc., TRIHEDRAL (VTSCADA), Open Automation Software, and Others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Key Developments

  • In May 2022, GE Digital announced that electric utilities can now use Proficy Historian, a data management tool. Utilities can reduce complexity and enable the production of new value with Proficy Historian for Grid.
  • In Dec 2019, General Electric Digital announced the enhancement of its Proficy Historian offering, which provides customers with a scalable solution for data collection and aggregation across deployments of any size and extends data migration from edge to cloud. The updates include tag mapping, trend analysis with annotations, and the ability to define an asset model, allowing users to put data in context with business needs.

Company Market Ranking Analysis

To really get to know the top 5 companies in the Data Historian market, we did a deep dive to rank them. It's not just a random list – we considered a bunch of things! Right now, it looks like Siemens AG, Mitsubishi Electric Corporation & ICONICS Inc., Rockwell Automation Inc., and ABB are leading the pack. To figure that out, we looked at things like how well-known their brand is, how good their product selection is (think variations, specs, features, and price), where they're selling their products around the world, how many product-related sales they've made recently, and their cut of the overall revenue. We urther study each company's offerings, paying attention to the technologies they use and any new strategies they're using to boost their visibility, whether it's globally or just in certain regions. And, we also check out their distribution network – both online and offline – to see how strong their presence is in the Data Historian markets.

Company Regional/Industry Footprint

The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Rockwell Automation Inc has its presence globally i.e., in North America, Europe, Asia Pacific, Latin Amer

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