Rising Demand for Digitization to Expand Data Historian Software Market (SARS-CoV-2, Covid-19 Analysis)


Posted June 30, 2020 by MarketsFutureHere

Rising Demand for Digitization to Expand Data Historian Software Market (SARS-CoV-2, Covid-19 Analysis)

 
Data Historian Software Market


The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Data Historian Software Market. The growth sectors of the Data Historian Software Market are identified with precision for a better growth perspective.

The global data historian market is likely to gain popularity. The market is projected to witness an upswing in terms of valuation. An assessment presented by Market Research Future (MRFR) reveals that the global data historian market is supposed to strike 6.9% CAGR across the review period 2019 to 2024. It is also highlighted that the valuation of the data historian market is supposed to reach USD 1,406.23 Mn by 2024.

Data historian is a software program designed to record daily information about a unit. It is gaining popularity as it eliminated human intervention. Thus, the human resources can be channelized towards more important tasks. This, in turn, is assumed to guide the growth of the data historian market in the foreseeable future. In addition, it reduces and avoids the probability of human error drastically. It is supposed to catapult the data historian market on its growth trajectory. Increasing applications across units such as manufacturing, production, etc. is poised to boost market growth.

Market Segmentation

On the basis of component, the data historian market is divided into software and services. The sub-segments of the service segment are managed services and professional services.

On the basis of deployment, the segments of the data historian market are cloud-based and on premise.

On the basis of application, data historian market has been segmented into predictive maintenance, production tracking, asset performance management, environmental auditing, and others.

On the basis of time series database type, the data historian market has been segmented into operational and open source.

On the basis of end-user, data historian market has been segmented into data centers, marine, oil and gas, chemicals and pharmaceuticals, metals and mining, paper and pulp, utilities, and others.

Regional Analysis

The geographical analysis of the global data historian market has been covered in this report for the regions, such as Europe, Asia-Pacific, North America, and the Rest of the World (RoW). These segments based on region are further assessed on the level of countries for deeper market insight. Key players such as Honeywell International Inc., General Electric Company, IBM Corporation, etc. are expected to accelerate revenue generation in the region. It is prognosticated to drive the proliferation of the data historian market in the forthcoming years.

Competitive Dashboard

ABB Limited (Sweden), General Electric Company (US), AVEVA Group (UK), Honeywell International Inc. (US), Siemens AG (Germany), IBM Corporation (US), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), Aspen Technology (US), PTC Inc. (US), ICONICS (US), Rockwell Automation, Inc. (US), OSIsoft, LLC (US), Canary Labs, Inc. (US), Automsoft International Ltd (Ireland), and COPA-DATA GmbH (Austria) are the key participants of the global data historian market.

More Information@


Data Historian Market by Component, Size, Growth and Forecast – 2024 | MRFR
Data Historian Market is assessed to reach USD 1,406.23 million by 2024, registering a CAGR of 6.9% …

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Issued By mrfr
Country United States
Categories Software , Technology
Tags data historian , data historian market , data historian software , data historian software market
Last Updated June 30, 2020