Market Overview:

The Global Data Historian Market size was valued at USD 1.12 billion in 2022 and is projected to reach USD 1.78 billion by 2030, growing at a CAGR of 6.21% from 2023 to 2030.

The market for data historians is growing as more businesses find uses for them. The biggest thing driving the market is Data Historian, which gets rid of manual work and saves time and money. The use of data recorder software has led to better ways of doing things, which has caused the market for this kind of software to grow quickly. Rapid business growth has made it crucial for companies to get the right information to the right person at the right time. No matter how complicated it is, information merging is necessary to make sure that business practices improve the customer experience, running cycles, and other business practices in general.

Setting up ways to record data is an important part of making sure that the information we gather, store, and store is available to our customers across all of our operations. Information is kept in sync by an array of data records, which takes away the need to keep track of many links outside the site. Less complexity makes it easier for plant managers and experts to look at and change control rings, look into incidents, and notice changes in how hardware works. A wide range of experts who record data are chosen through ongoing selection and study.

But if it's done on purpose, the wrong use of information can really hurt both associations and their customers. Organizations should put in their venture contracts the rules about how information can be used, shared, and kept up-to-date. This is to make sure that information use doesn't break the law. When a substance gathers information about a person's profile, there is a risk of fraud, especially if the information is not kept safe. Also, the huge cost of adoption is the biggest thing that holds the market back.

Using cloud-based services to store info and analyze it:

A cloud-based data historian can store a lot of data and make it easy to combine it with tools that can examine it and turn it into useful information. It can give access to big data from any desktop, web browser, or mobile device that is connected to a trusted cloud system. Also, the cloud-based data historian can use connection technology that takes advantage of a public, private, or hybrid cloud infrastructure to improve teamwork and efficiency and keep the data safe.

Key Market News: 

• In December 2019, General Electric Digital said that its Proficy Historian product would be getting improvements. The Proficy Historian tool gives customers a scalable way to collect and combine data in deployments of any size. It also makes it easier to move data from the edge to the cloud. Updates include tag mapping, trend analysis with annotations, and the ability to create asset models so that users can position data to fit their business needs.

• In November 2020 InfluxData announced the general availability of the next-generation open source platform for time series data, InfluxDB 2.0.
• In October 2020 ICONICS introduced new Virtual Machine (VM) offerings on the Azure Marketplace. This virtual machine contains full installations of GENESIS64, Hyper Historian, IoTWorX, and AnalytiX Suite.
• In July of 2020, Siemens introduced digital solutions for workplaces post-COVID-19. The solution seeks to guarantee social separation and other precautions. It includes Internet of Things (IoT) solutions that facilitate compliance with social distancing and contact tracing guidelines, body temperature detection integrated with access control, indoor air quality optimization, and secure remote monitoring of a building's systems.
• In July 2020 GE released version 2.3 of Proficy Historian for Linux. This version would offer enhanced data collection at edge devices and distributed data administration to support the Internet of Things.
•  In August 2020 AVEVA announced an agreement to acquire OSIsoft for $5 billion. Both firms will merge their complementary product offerings, bringing together industrial software and data management to assist industrial and essential organisations in accelerating their digital transformation strategies.

Market Dynamics:

Market Driver

The production of a lot of industrial data and the growing need to integrate data to improve business process flows are two of the main things driving the data historian market. Data historian solutions let you keep multiple links between sites that are far apart by synchronizing data. With the rise of Industry 4.0, smart factories, and smart plants, companies all over the world are switching to using a lot of data at many different stages of their processes. Because of this, companies that want reliable and efficient plant operations, good management, and strong analytics have a real need for data logging options.

Market trends

New growth possibilities created by technological progress:

Plant data historian software that is constantly updated and used for different things, like keeping track of production and managing the performance of assets, will create possible growth opportunities for the market. Benefits like increased business productivity, fast data collection, and smart asset management are the main reasons why more and more solution providers are coming up with new goods to help businesses stay in business. Integration of technologies like the Internet of Things (IoT), machine learning, artificial intelligence, and others is likely to drive the growth of the market for data historians, giving them more features and better performance.

Major Market Segments:

By Type:

The market is split into On-Premise and Cloud based on how the software is used. Cloud made up a big chunk of the market. The main reason is that more Small and Medium Enterprises (SME) are using it. (SMEs). Most of the assets are in different places, like in different buildings or in different places. The cloud deployment choice makes it easy to work in different places without having to worry about installing software and keeping the hardware that supports it up to date. Also, the cloud-based data historian can use connection technology that works with a public, private, or hybrid cloud system to improve collaboration and efficiency without compromising security.

By Part: 

The market is split into Software and Services based on the type of component. A big part of the market was made up of services. Services are good for organizations because they help them grow and make more money. Businesses are becoming more service-oriented to streamline processes and make the most of their resources. Support, which is part of the after-sales services, is a big part of why the Data Historian Market is growing. Organizations have realized how important data analyst services are and are looking for more services to help them keep up with their work and do more of it.

By Use: 

The market is divided into Oil and Gas, Manufacturing, Chemicals and Petrochemicals, Paper and Pulp, Metal and Mining, Power and Utilities, and Others, based on the End-Use Industry. In 2021, oil and gas had the biggest share of the market. Oil and gas are an end-user industry worth billions of dollars that needs to keep improving its processes. Modern technologies make it possible to create and collect huge amounts of data, which can be used to learn more, improve tracking of process and asset performance, and make more money. In order to look for oil and gas, machines and other tools may need to be fixed.

By Region:

Adoption of data historians is particularly high in North America due to significant investments in research and development (R&D) activities to develop advanced technologies. Additionally, Asia Pacific (APAC) is expected to be one of the most lucrative markets for data historians during the forecast period, after Europe. This can be attributed primarily to improvements in infrastructure and an increase in the number of technology-oriented small and medium-sized enterprises (SMEs) in the region's fastest-developing countries, such as China and India.

Scope of Report:

Market Key Players:

PTC, AVEVA Group, Rockwell Automation, ABB, Siemens, Emerson, Yokogawa, General Electric, Emerson, Honeywell, OSIsoft, ICONICS, IBM, Inductive Automation, Canary Labs, Open Automation Software, InfluxData, Progea, Kx Systems, SORBA, Savigent Software, Automsoft, LiveData Utilities, Industrial Video & Control, Aspen Technology, and COPA-DATA

1. PTC

PTC Inc., founded in 1985 and headquartered in Boston, Massachusetts, is an American computer software and services corporation. The global technology company has more than 6,000 employees, 80 facilities in 30 countries, 1,150 technology partners, and over $1 billion in annual revenue.

PTC (NASDAQ: PTC) unleashes industrial innovation with market-proven, award-winning solutions that enable businesses to differentiate their products and services, enhance operational excellence, and increase workforce productivity. With PTC and its ecosystem of partner companies, manufacturers can capitalise on the potential of modern technology to drive digital transformation.

They provide Product Development Solutions, PLM - Product Lifecycle Management, CAD- Computer Aided Design, Internet of Things, Application Lifecycle Management, Service Lifecycle Management, Supply Chain Management, Augmented Reality, virtual reality, digital transformation, IIoT, digital twin, additive manufacturing, and Industrial Internet of Things

2. IBM

The International Business Machines Corporation, also known as Big Blue, is an American multinational technology company with its headquarters in Armonk, New York, and operations in more than 175 countries.

They provide these services Cloud, Research, Watson, Experience Design, Industry solutions, Mobile, Cognitive, Security, Systems services, Analytics, Consulting, Commerce, Resiliency services, Financing, and IT infrastructure.

3.   ICONICS

ICONICS is a provider of industrial automation. Automotive, Transportation, Building Control, Security, Food, Pharmaceutical, Machine Building, Oil, Gas, Petrochemical, Water and Wastewater, Renewable Energy, and Manufacturing use ICONICS software.

They provide Energia, Lubrificantes, and Tecnologia

4.   COPA-DATA

As an independent software manufacturer, COPA-DATA facilitates true industrial automation, digitalization, and advancement in industries including pharmaceuticals & life sciences, energy & infrastructure, automotive, food & beverage, general manufacturing, and process industries. Their product, the zenon Software Platform, is the leading industrial control system, operating completely vendor-independently in any hardware and software environment, with over 5,000 clients worldwide, including many Fortune Global 500 companies like Toyota, Pfizer, Ford Motor, Volkswagen, Saudi Aramco, Abbott, AB InBev, Microsoft, BMW, Coca Cola, Nestlé, Baxter, Mondelz, Texas Instruments, and GE Energy.

They provide services like HMI, SCADA, Manufacturing Intelligence, Production Performance, Plant Excellence, Data Historian, IIoT, smart grids, industrial automation, Manufacturing automation solutions, Energy automation solutions, digital transformation, Industrial software, Industrial Control System, Industry 4.0, Substation Automation, Renewable energy automation, process automation, Smart manufacturing, MES manufacturing execution system, Plug & Produce, Smart Factory, Industrial IoT, and Modular Type Package.

5. Emerson

The Emerson Electric Company is a multinational American corporation with headquarters in Ferguson, Missouri. The Fortune 500 firm manufactures products and offers engineering services to the industrial, commercial, and consumer markets. Emerson has roughly 86,700 employees and 170 locations for manufacturing.

They provide services like Technology, Engineering, Empowering Digital Transformation, Internet of Things, Industrial Automation, Home Comfort, Sensors, Software, Food Quality Protection, Operational Certainty, Project Certainty, Advanced Manufacturing, Energy Efficiency, Responsible Refrigeration, Food Waste Solutions, STEM, and Sustainable Energy

Market key segment

By Type:

• On-Premises
• Cloud

By Part: 

• Services 
• Software

By Use: 

• Oil and Gas 
• Manufacturing 
• Chemicals and Petrochemicals 
• Paper and Pulp 
• Metal and Mining 
• Power and Utilities 
• Others

By Region:

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Conclusion 

A data historian is a software application used to routinely record the data of a business, manufacturing unit, or other production unit. The data historian can store recorded data sets in a time series database using minimal disc space and permit the user to retrieve the data quickly and with minimal effort. Utilizing the time series database, the operators can learn about the prior operation of machines, systems, devices, and other characteristics, as well as their performance during the manufacturing process.

Increasing production of different materials, products, and other devices from industries such as automotive, oil & gas, metal, energy & power, and food & beverages, among others, which generates a large volume of data on a regular basis, is one of the major factors driving the growth of the Data Historian Market. In addition, the use of various IoT devices by these industries to share information within the manufacturing unit and with other units located in different geographies in order to analyse functionality and production is accelerating market growth. In 2022, the market for data historians was estimated to be worth USD 1.12 billion, and it is expected to reach USD 1.78 billion by 2030, expanding at a Rate of 6.21% from 2023 to 2030.

The number of industries that can benefit from using data historians has led to an expansion of the market for these products. The most important factor that is pushing the market is Data Historian, which eliminates the need for manual labour while simultaneously saving both time and money. The adoption of data recorder software has resulted in the development of more efficient methods of carrying out tasks, which has hastened the expansion of the market for software of this kind. Because of rapid business growth, it is now essential for companies to ensure that the appropriate information is delivered to the appropriate person at the appropriate moment. Information merging is essential to ensure that business practises improve the customer experience, running cycles, and other business practises in general. This is true despite the fact that information merging can be a complicated process.