Market Forecast by Countries (United States, Canada), By Application (Production Tracking, Environmental Auditing, Asset Performance Management, GRC Management, Predictive Maintenance, Others (security and quality control management)), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End User (Oil and Gas, Marine, Chemicals and Petrochemicals, Paper and Pulp, Metal and Mining, Power and Utilities, Others), By Component (Software/Tools, Services) And Competitive Landscape
Product Code: ETC4620847 | Publication Date: Jul 2023 | Updated Date: Jun 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 27 | |
North America Data Historian Market report thoroughly covers the market by countries, application, deployment mode, organization size, end user and component. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America data historian market is expected to witness significant growth from 2024 to 2030. This can be attributed to the increasing adoption of data historians in various industries such as manufacturing, energy and utilities, oil and gas, and healthcare.
According to 6Wresearch, North America Data Historian Market size is expected to grow at a significant CAGR of 13.5% during 2024-2030. One of the major drivers for the growth of the North America data historian market is the increasing adoption of Industrial Internet of Things (IIoT) solutions. IIoT enables real-time monitoring and control of industrial processes, generating huge amounts of data that can be managed and analyzed using data historians. Moreover, advancements in cloud computing and big data analytics have also contributed to the growth of this market. The ability to store and analyze large volumes of data in a cost-effective manner has made cloud-based data historians a popular choice among organizations. Additionally, the rising trend of digitalization and automation in industries is expected to further drive the demand for data historians.
North America data historian market also faces some challenges. One of the major challenges is ensuring data security and privacy. As data historians store sensitive industrial information, there are concerns around unauthorized access and cyber threats. This has led to stringent regulations and compliance requirements, adding to the complexity and costs of implementing data historian systems. Another challenge is managing legacy systems and integrating them with new technologies. Many organizations still rely on traditional methods of data storage and management, which can be difficult to integrate with modern data historian systems. This poses a challenge for companies looking to upgrade their data infrastructure.
North America data historian market has seen significant growth in recent years. This can be attributed to the presence of key players in the region such as Siemens AG, General Electric Company, Honeywell International Inc., and ABB Ltd. These companies are constantly innovating and investing in research and development to improve their data historian solutions, making them more efficient and user-friendly for businesses.
Government initiatives have also played a crucial role in driving the growth of the data historian market in North America. For instance, the US government has implemented policies and initiatives to promote the adoption of digital technologies, including data historian software, across various industries. This has created a favorable environment for businesses to invest in and adopt data historian solutions.
The future of the North America data historian market looks positive, with the increasing adoption of IIoT and advancements in cloud computing and big data analytics. As industries continue to generate vast amounts of data, the need for efficient and cost-effective solutions to manage and analyze this data will drive the demand for data historians. Moreover, as more businesses embrace digital transformation, there will be a growing need for real-time monitoring and control of industrial processes.
According to Ravi Bhandari, Research Head, 6Wresearch, in the United States specifically, there has been a significant push towards using advanced technologies such as IoT and cloud computing across industries. This has created a high demand for data historian software to manage and analyze the large volume of data being generated.
Both small and medium-sized enterprises (SMEs) and large enterprises are contributing to the growth of the data historian market in North America. SMEs are defined as companies with less than 500 employees, while large enterprises are those with more than 500 employees.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Data Historian Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Data Historian Market Revenues & Volume, 2020 & 2030F |
3.3 North America Data Historian Market - Industry Life Cycle |
3.4 North America Data Historian Market - Porter's Five Forces |
3.5 North America Data Historian Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Data Historian Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 North America Data Historian Market Revenues & Volume Share, By Deployment Mode, 2020 & 2030F |
3.8 North America Data Historian Market Revenues & Volume Share, By Organization Size, 2020 & 2030F |
3.9 North America Data Historian Market Revenues & Volume Share, By End User, 2020 & 2030F |
3.10 North America Data Historian Market Revenues & Volume Share, By Component, 2020 & 2030F |
4 North America Data Historian Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Data Historian Market Trends |
6 North America Data Historian Market, 2020 - 2030 |
6.1 North America Data Historian Market, Revenues & Volume, By Application, 2020 - 2030 |
6.2 North America Data Historian Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
6.3 North America Data Historian Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
6.4 North America Data Historian Market, Revenues & Volume, By End User, 2020 - 2030 |
6.5 North America Data Historian Market, Revenues & Volume, By Component, 2020 - 2030 |
7 United States Data Historian Market, 2020 - 2030 |
7.1 United States Data Historian Market, Revenues & Volume, By Application, 2020 - 2030 |
7.2 United States Data Historian Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
7.3 United States Data Historian Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
7.4 United States Data Historian Market, Revenues & Volume, By End User, 2020 - 2030 |
7.5 United States Data Historian Market, Revenues & Volume, By Component, 2020 - 2030 |
8 Canada Data Historian Market, 2020 - 2030 |
8.1 Canada Data Historian Market, Revenues & Volume, By Application, 2020 - 2030 |
8.2 Canada Data Historian Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
8.3 Canada Data Historian Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
8.4 Canada Data Historian Market, Revenues & Volume, By End User, 2020 - 2030 |
8.5 Canada Data Historian Market, Revenues & Volume, By Component, 2020 - 2030 |
9 North America Data Historian Market Key Performance Indicators |
10 North America Data Historian Market - Opportunity Assessment |
10.1 North America Data Historian Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Data Historian Market Opportunity Assessment, By Application, 2020 & 2030F |
10.3 North America Data Historian Market Opportunity Assessment, By Deployment Mode, 2020 & 2030F |
10.4 North America Data Historian Market Opportunity Assessment, By Organization Size, 2020 & 2030F |
10.5 North America Data Historian Market Opportunity Assessment, By End User, 2020 & 2030F |
10.6 North America Data Historian Market Opportunity Assessment, By Component, 2020 & 2030F |
11 North America Data Historian Market - Competitive Landscape |
11.1 North America Data Historian Market Revenue Share, By Companies, 2023 |
11.2 North America Data Historian Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |