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Global Data Historian Market 2018-2023 - Focus on Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management - ResearchAndMarkets.comThe "Data Historian Market by Application (Production Tracking, Environmental Auditing, Asset Performance Management, and GRC Management), Component (Software/Tools, Service), Deployment Mode, Organization Size, End-user, and Region - Global Forecast" report has been added to ResearchAndMarkets.com's offering. The global data historian market size is expected to grow from USD 914.9 million in 2018 to USD 1,271.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period. Major growth factors for the market include the increasing business need to consolidate the data for performance and quality improvement, and rapidly growing volumes of industrial big data which are difficult to manage as it is collected from multiple systems, devices, and applications. It is necessary for engineering industries to replace their outdated software solutions with advanced data historian solutions. However, deployment costs and unavailability of cost-effective pricing models may limit the market growth, and growing impact of IIoT deployment could be challenge to the market growth. The asset prformance management application is expected to dominate the overall data historian market in terms of share, as it is predominantly finding use in all end user segments to reduce risks and improve the efficiency in the production across verticals. Major sectors, particularly the upstream oil and gas and power and utilities, are investing in solutions to reduce the unplanned interruption in production, optimize asset utilization, mitigate maintenance costs, and cut the risk of failures of both critical and non-critical assets. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Data Historian Market, By Application 7 Market By Component 8 Market By Deployment Mode 9 Market By Organization Size 10 Data Historian Market Analysis, By End-User 11 Data Historian Market, By Region 12 Competitive Landscape 13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/4zrdwq/global_data?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005544/en/ |
