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Data Historian Market Growing at a CAGR 5.0% | Key Player Yokogawa, Aspen Technology, Emerson, Rockwell Automation, Automsoft

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Data Historian Market Growing at a CAGR 5.0% | Key Player Yokogawa, Aspen Technology, Emerson, Rockwell Automation, Automsoft

January 12
18:04 2021
Data Historian Market Growing at a CAGR 5.0% | Key Player Yokogawa, Aspen Technology, Emerson, Rockwell Automation, Automsoft

GE (US), ABB (Switzerland), Emerson (US), Siemens (Germany), AVEVA (UK), Honeywell (US), Rockwell Automation (US), OSIsoft (US), ICONICS (US), IBM (US), Yokogawa (Japan), PTC (US), Inductive Automation (US), Canary Labs (US), Open Automation Software (US), InfluxData (US), Progea (Italy), Kx Systems (US), SORBA (US), Savigent Software (US)
Data Historian Market by Application (Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management), Component (Software/Tools, Services), Deployment Mode, Organization Size, End User, and Region – Global Forecast to 2025

The global Data Historian Market size is expected to grow from USD 1.1 billion in 2020 to USD 1.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. The major driving factors in the data historian industry are increasing demand for consolidated data for process and performance improvement, and rising industrial big data.

Need to analyze machines condition to avoid future breakdowns by using the predictive maintenance capabilities driving the growth of chemicals and petrochemicals to end-user during the forecast period

Data historian solutions collect real-time data from automation and other systems to store time-stamped data at high speed and maintain the sequence of data. The Track and Trace (TnT) serialization initiative to preserve historical data in the chemical and petrochemical industry is creating a greater need for capturing historic production records. This is to help maintain the quality of drugs and avoid the counterfeiting of products. Additionally, it also helps in identifying the root cause of the problem in preventing any undesirable event in the production sequence. Data historian solutions and services offer new insights to enhance controls and also deliver information about the process and the equipment needed to rectify maintenance issues.

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Rising demand for consolidated data to monitor products and performance improvement to drive the growth of the product tracking segment to hold a larger market size

Production tracking is the most critical process in any manufacturing plant. Efficient production tracking enables quality improvement using root cause analysis, better monitoring and reporting, and improved supervision over raw material to avoid wastage. Data historian solutions collect, store, analyze, and represent information from over a diversified production floor and data source to enable users to get real-time manufacturing intelligence outcomes. For example, OSIsoft, through its PI historian platform, delivers robust manufacturing intelligence solutions, which include Overall Equipment Effective (OEE), product tracking and genealogy, electronic batch record reports, and asset utilization monitoring for better production tracking throughout the production life cycle.

The major data historian vendors include GE (US), ABB (Switzerland), Emerson (US), Siemens (Germany), AVEVA (UK), Honeywell International Inc. (US), Rockwell Automation, Inc. (US), OSIsoft (US), ICONICS, Inc. (US), IBM (US), Yokogawa (Japan), PTC, Inc. (US), Inductive Automation (US), Canary Labs (US), Open Automation Software (US), InfluxData (US), Progea (Italy), Kx Systems (US), Sorbotics. LLC (US), Savigent Software (US), Automsoft (Ireland), LiveData Utilities (US), Industrial Video & Control Co. (US), Aspen Technology (US), and COPA-DATA GmbH (Austria). These players have adopted various growth strategies, such as partnerships, agreements & collaborations, and new product launches, to further expand their presence in the global data historian market. Partnerships and new product launches have been the most dominating strategy adopted by the major players from 2018 to 2020, which has helped them innovate on their offerings and broaden their customer base.

ABB was incorporated in 1988 with the merger of Asea AB and BBC Brown Boveri AG. The company is headquartered in Zurich, Switzerland. It deals through four vertically integrated businesses: Electrification, Industrial Automation, Motion, and Robotics and Discrete Automation for its industrial customers, globally. The company announced the sale of its Power Grids business in December 2018 and will be divested to Hitachi in 2020. It is a public listed company listed on SIX Swiss Exchange under the ticker symbol of ABBN and ABB in NASDAQ. ABB offers its services to diverse verticals, including automotive, food and beverages, chemical, marine, oil and gas, power, and building and infrastructure. The company has a presence in more than 100 countries and generates financial revenue from the Americas, Europe, APAC, and MEA. In the data historian market, ABB offers Enterprise Historian solution to ensure communication technology keeps pace with the changing needs of the industry and implement innovative solutions for increased efficiency in the future. Enterprise Historian provides access to information, when and where you need it. It facilitates the integration of Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Manufacturing Execution Systems (MES), and automation systems to provide access to the information.

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GE was founded in the 1892 and is headquartered in Massachusetts, US. The company operates in the data historian market through GE Digital. GE Digital is a subsidiary of General Electric Company and develops software for manufacturing companies to manage assets and operations. It was founded in the year 2011 with headquarters in California, United States. It operates across numerous industry verticals, such as manufacturing, aviation, healthcare, mining, oil and gas, power generation and distribution, and transportation. GE Digital’s offerings are edge to cloud-based software and analytics, cybersecurity, field services management software, and industrial machine learning technology. The company launched Predix, a platform for developing IIoT applications. Furthermore in 2014, GE announced its plans for the expansion of Predix to companies developing industrial applications and services as a cloud-based service, hence enhancing the capability of the platform. This expansion led to the announcement of Predix cloud (August 2015), which was built particularly to manage various types of data generated by heavy-duty machineries, such as jet engines. In the data historian market, GE offers Proficy Historian, which is a software solution that collects industrial time-series and A&E data at very high speed, stores it efficiently and securely, distributes it, and allows for fast retrieval and analysis driving greater business value.

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