The Global Data Historian market is forecast to reach USD 1,571.8 Million by 2028, according to a new report by Reports and Data. A data historian also known as operational historian or process historian is a software program that records and recovers production and process data by time; it stores data in a real time series database that effectively store data with minimal disk space and quick recovery. The market for data historian is influenced by rapid business expansions.
The above-mentioned factors collectively create opportunities for the market growth while factors such as high deployment costs pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the information and communication technology market owing to innovative efforts have enhanced the efficiency of data historian software.
The Asia Pacific region is anticipated to show high growth during the forecast period. This is due to the growing adoption of data historian software and services among small and medium-sized enterprises with growing digitization, and expanding adoption of IoT-based technologies. Most of the developing countries are looking at India, and China as the global market. These countries consist of over 40% population across the globe and application of data historian in this region will grow with a very high rate.
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The adoption of cloud-based tools for data analysis and storage has significantly contributed to the expansion of market revenue in the field of data historian solutions. The scalability and affordability of cloud-based solutions have made it feasible for small and medium-sized enterprises to utilize data historian solutions for their data analysis and storage needs. Additionally, the need for remote access to data and real-time monitoring has further fueled the demand for cloud-based solutions.
One specific industry that has experienced a surge in the adoption of data historian solutions is the oil and gas sector. This industry requires data analytics solutions for real-time monitoring of production procedures, pipeline operations, and supply chain management. By effectively managing and analyzing the vast amounts of data generated by these processes, data historians contribute to improving operational efficiency and reducing downtime in the oil and gas sector.
The healthcare sector is another industry where the demand for data historian solutions is on the rise. The necessity for real-time monitoring of patient data and electronic health records (EHRs) has become increasingly important in healthcare. Data historians play a crucial role in supporting better patient outcomes, lowering healthcare expenditures, and facilitating the management and analysis of patient data. The growing use of EHRs and the increasing demand for personalized therapy are driving the need for data historian solutions in the healthcare sector.
Overall, the adoption of cloud-based tools, the specific requirements of industries like oil and gas, and the need for real-time monitoring and analysis in the healthcare sector are some of the key factors contributing to the increasing demand for data historian solutions.
some leading companies operating in the global Keyword market:
Honeywell, General Electric, IBM, Yokogawa, Siemens, ABB, AVEVA Group, PTC, Emerson, and Aspen Technology, among others.
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The global market is further segmented into type and application:
Component Outlook (Revenue, USD Billion; 2020-2028)
Organization Size Outlook (Revenue, USD Billion; 2020-2028)
- Small and Medium-Sized Enterprises
- Large Enterprises
Deployment Type Outlook (Revenue, USD Billion; 2020-2028)
Applications Outlook (Revenue, USD Billion; 2020-2028)
- Production Tracking
- Environmental Auditing
- Asset Performance Management
- Governance, Risk, and Compliance Management
- Predictive Maintenance
End-Use Industry Outlook (Revenue, USD Billion; 2020-2028)
- Oil and Gas
- Chemicals and Pharmaceuticals
- Paper and Pulp
- Data Centers
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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