The final report will add the analysis of the Impact of Covid-19 in this report Global Data Historian Market.
Press Release Content:
Market Research Future (MRFR) announces the publication of its half-cooked research report—Global Data Historian Market 2018–2024.
According to Market Research Future, the global data historian market has been segmented based on component, organization size, application, time series database type, deployment, end users, and region.
The data historian offers various benefits to companies, enterprises, and industries by analyzing the historical data of the organization with current operational data and real-time sensor data, which allows the users to make changes in their process and functionality to increase the working efficiency. The companies are using predictive analysis with the data historian software to predict the future condition of the process and work and reduce the chances of the failure and downtime by indicating which system or machine requires maintenance.
The global data historian market has been segmented based on component, deployment, organization size, application, time series database type, and end users.
Based on component, the market has been segmented into software and services. Among these, the software segment accounts the largest market share due to increasing requirement by various organizations and enterprises for analyzing the functionality of the systems, production, supply chain process, and other parameters. The software records the historical data and arranges them according to the time period which allows the users to extract the information of the past working according to their requirement. Additionally, to increase the productivity and need to expand the business, the companies are using data historian software which is fueling the growth of the market.
Based on deployment, the global data historian market has been segmented as cloud-based and on-premise. The on-premise segment holds a large market share compared to others. The early adoption of on-premise mode by various organizations and companies for the deployment of various software is a major reason for the growth of this market. However, the cloud-based deployment is expected to be the fastest-growing segment during the forecast period due to increasing utilization of cloud-based services among organizations to store the information and reduce the cost of data storage along with need for real-time data.
Based on end users, the global data historian market has been segmented as oil and gas, marine, chemicals and pharmaceuticals, paper and pulp, metals and mining, utilities, data centers, and others. The oil & gas holds the largest market share for the market due to increasing dependency of the companies on the historical data of the production, maintenance and other aspects to reduce the downtime and future breakdowns.
The prominent players in the software data historian market ABB Limited (Sweden), AVEVA Group (UK), General Electric Company (US), Honeywell International Inc. (US), IBM Corporation (US), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Aspen Technology (US), Emerson Electric Co. (US), PTC Inc. (US), Rockwell Automation, Inc. (US), ICONICS (US), OSIsoft, LLC (US), Automsoft International Ltd (Ireland), Canary Labs, Inc. (US), and COPA-DATA GmbH (Austria) among others.
More Information : https://www.marketresearchfuture.com/reports/data-historian-market-8301
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