Dublin, July 14, 2021 (GLOBE NEWSWIRE) -- The "Data Historian - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Data Historian Market to Reach US$1.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Data Historian estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 4.7% over the period 2020-2027.
Software, one of the segments analyzed in the report, is projected to grow at a 4.3% CAGR to reach US$918.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 35.5% share of the global Data Historian market.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4.5% CAGR for the Period of 2020-2027
The Data Historian market in the U.S. is estimated at US$313.3 Million in the year 2020. The country currently accounts for a 29.46% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$261 Million in the year 2027 trailing a CAGR of 4.5% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$261 Million by the year 2027.
Select Competitors (Total 32 Featured)
Aspen Technology, Inc.
AVEVA Group plc
Emerson Electric Co.
Honeywell International Inc.
Rockwell Automation, Inc.
Yokogawa Electric Corporation
Key Topics Covered:
II. EXECUTIVE SUMMARY
Influencer Market Insights
An Insight into Data Historian
Evolution of Data Historians into Data Infrastructure
Oil & Gas Industry Holds the Largest Share
Growing Investments in Oil & Gas Exploration (2017-2025): Capital Expenditure in US$ Billion
Asia-Pacific to Foster Fastest Growth
Data Historian Becomes Distributed
Impact of Covid-19 and a Looming Global Recession
IIoT and the Changing Relevance of Data Historian
Growing Investments in IoT by Manufacturing Firms Turns the Focus on Making IoT Deliver Business Value Via Analytics: Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
Process Historians Aid Digital Transformation
Historian Emerges as an Useful Tool for Production Tracking
Predictive Analytics Leverage Data Historian
Analytics Receives New Significance as IoT Ecosystems Evolve & Data Growth Spirals, Making Aggregation & Analysis Buzzwords for IoT Success & Value Creation: Global Market for Data Analytics (In US$ Billion) by Type for the Years 2018 and 2023
Advantages of Predictive Maintenance by % Share
Machine Learning Emerges as an Evolving Application Platform
Expanding Volumes of Industrial Big Data Sets the Demand for Data Historian
Massive Volumes of Big Data Generated by IoT Accelerates the Criticality of Big Data Analytics and Technologies to Create Real World IoT Benefits: Global IoT Big Data (In Zettabytes) for the Years 2015, 2018 and 2020
Strong Growth of Smart Manufacturing Concepts to Drive the Importance of Big Data in Predictive Asset Maintenance, Supply Chain/Inventory Planning, Energy Management & Process Management: Global Market for Smart Manufacturing (In US$ Billion) for the Years 2016, 2018, 2020 and 2022
III. MARKET ANALYSIS
Total Companies Profiled: 32
For more information about this report visit https://www.researchandmarkets.com/r/ja79pp
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