Data Historian Market Outlook 2020 : ABB, Honeywell International Inc., Emerson Electric Co

Global Data Historian Market Research Report published by market insight reports explores the current outlook in Global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the Global market, and divides the Market into several parameters.

This Data Historian Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the Global market for approaching years from 2019 to 2025. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.

The data historian market is expected to reach a CAGR of 6.8% during the forecast period (2020 – 2025).

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The prominent players in the Global Data Historian Market:

General Electric Company, Siemens AG, ABB, Honeywell International Inc., Emerson Electric Co., AVEVA Group plc, Rockwell Automation Inc., OSIsoft LLC and Others.

Key Market Trends: –

Cloud Deployment To Drive the Market Growth

– The cloud deployment is the experiencing highest growth rate during the forecasted period. The primary reason being greater adoption among the Small and Medium Enterprises (SMEs). Majorly the assets are physically spread out for instance, in a building or across multiple locations. Cloud deployment option facilitates easy operability among varied locations without concerning installing software and maintaining the supportive hardware to support it._
– A cloud-based data historian can provide the capability to store large amount of data and easily integrate with tools to analyze that data and turn it into actionable information. It can enable access to big data from any desktop, web browser, or mobile device, tying into a trusted cloud infrastructure. Moreover, the cloud-based data historian can use connection technology that leverages a public, private, or hybrid cloud infrastructure to increase collaboration and efficiency without comprising security.
– Cloud-based data historians provide advanced analysis. For instance, Honeywell’s Uniformance Cloud Historian uses cloud technology to analyze data across multiple sites to improve asset availability and increase plant uptime and enable users with a new edge, cloud, and data lake technologies for the process, asset, and business data. Moreover, it helps the user to improve both plant and enterprise performance.

North America to Hold Highest Market Share

– North America holds the highest market share owing to increasing spending on the R&D for new innovation in the data historian market in countries in the region. Moreover, the region has vendors like Honeywell International Inc., General Electric Company, Rockwell Automation, Inc., etc. who are continuously investing in the market.
– Furthermore, the region is known for innovation, adoption of the latest technologies like cloud computing, big data analytics, etc. As per the RightScales State of the Cloud Report 2019, over 80% of North American and European companies are using a complex deployment model in the cloud, i.e., 58% of the hybrid cloud, which grew from 51% in 2018 and 24% implementing a multi-cloud strategy, with an average of 5 cloud providers.
– The region also contributes substantially to the global data center demand from the IT, BFSI, retail, and healthcare industries. Real estate experts, such as CBRE, have reported that almost 90% of data center space around the world is occupied by the US. This is further boosting the demand for data historian markets.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Data Historian Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Data Historian Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Browse in-depth and report summary TOC on “Data Historian Market”:

Finally, the Data Historian market report offers a complete and detailed study of Global Data Historian market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.

Note: – All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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