Data Historian market was worth USD 1.23 Billion in 2023. As such, the forecast is that the market is expected to reach USD 1.96 Billion by 2032 with a CAGR of 5.3% over the period from 2024 to 2032.
A data historian is a software program that records the data of processes running in a computer system. Organizations use data historians to gather information about the operation of programs to diagnose failures when reliability and uptime are critical.
- The data historian market is fueled by the increasing adoption of the Industrial Internet of Things (IIoT) and big data analytics across various industries. Data historians are specialized software solutions designed to collect, store, and analyze time-series data generated by industrial processes and equipment. They provide insights for process optimization, predictive maintenance, regulatory compliance, and overall operational efficiency.
- Data Historian Market is the growing emphasis on data-driven decision-making. Businesses recognize the importance of leveraging historical data to gain insights into past performance, predict future trends, and make informed decisions. Data historians provide a centralized repository for storing vast amounts of time-stamped data, enabling organizations to conduct thorough analyses and extract valuable insights.
- The integration of AI-driven anomaly detection algorithms within Data Historians enables the early identification of deviations from normal operating conditions. This proactive approach not only enhances operational efficiency but also improves quality control and ensures regulatory compliance.
- Data Historians with Industrial Internet of Things (IIoT) devices and sensors. The proliferation of connected devices across industrial environments generates vast streams of real-time data, which can be seamlessly integrated with Data Historians for comprehensive analysis. This convergence of IIoT and Data Historians enables businesses to gain deeper insights into their operations, identify optimization opportunities, and drive informed decision-making.
Data Historian Market, Segmentation
The Data Historian market is segmented based on Component, Application, Deployment Mode, Organization Size, and End User.
Component:
Data historians are vital tools for organizations across various sectors, enabling them to collect, store, and analyze vast amounts of time-series data for operational insights and decision-making. Within this market, the Software/Tools segment encompasses a wide array of offerings tailored to meet the diverse needs of businesses, driving its dominance. Software/Tools segment benefits from the increasing adoption of advanced analytics and machine learning techniques within industries. These tools offer sophisticated functionalities for data analysis, visualization, and predictive modeling, empowering businesses to extract actionable insights from historical data stored in data historians. As organizations seek to derive greater value from their data assets, they are increasingly turning to feature-rich software solutions that enhance their analytical capabilities.
End User:
The IT and data centers segment dominate the Data Historian Market by End User. With the exponential growth in data generation and storage requirements within these sectors, the demand for efficient data management solutions like data historians is escalating. Data historians play a pivotal role in these environments by capturing, storing, and analyzing vast amounts of historical data from various sources, enabling informed decision-making, troubleshooting, and performance optimization.
Region:
North America is poised to assert dominance in the Data Historian Market, driven by factors such as technological advancements, widespread adoption of Industrial Internet of Things (IIoT) solutions, and the presence of major market players. The region's mature industrial infrastructure and a high concentration of key industries like manufacturing, energy, and healthcare contribute to its leading position. Moreover, stringent regulatory requirements regarding data management and the need for real-time analytics further fuel the demand for data historian solutions.
Some of The Leading/Active Market Players Are-
- GE (US)
- ABB (Switzerland)
- Emerson (US)
- Siemens (Germany)
- AVEVA (UK)
- Honeywell (US)
- Rockwell Automation (US)
- OSIsoft (US)
- ICONICS (US), Other Active players
Key Industry Developments: -
- In March 2024, TDengine announced the release of a new connector to integrate Wonderware Historian (now known as AVEVA Historian) into its industrial data platform. With the addition of this connector, TDengine now offers a zero-code option for replicating Wonderware data to TDengine out-of-the-box, expanding its efforts to assist industrial enterprises in accelerating digital transformation and modernizing their data infrastructure.
- In October 2023, TDengine, the next-generation data historian, announced the release of new connectors to support OPC-UA, OPC-DA, and MQTT protocols. These connectors deliver a zero-code solution to easily ingest Industrial Internet of Things (IIoT) data into the TDengine platform, giving enterprises an accessible and affordable solution for modern data management and analytics.
Key Findings of the Study
- The Software/Tools segment within the Data Historian market is experiencing dominance, fueled by the increasing adoption of advanced analytics and machine learning techniques. Businesses are seeking feature-rich software solutions to enhance their analytical capabilities and extract actionable insights from historical data.
- The IT and data centers segment emerges as the dominant end user within the Data Historian Market. With exponential data growth and storage requirements in these sectors, there's a rising demand for efficient data management solutions like data historians. These tools facilitate informed decision-making, troubleshooting, and performance optimization within these environments.
