1. Data Historian Market Value and Growth Projections
The global Data Historian market is anticipated to experience significant growth in the coming years, with a particular focus on the year 2024. The Data Historian market value is projected to reach $1532.33 million USD in 2024, showcasing a robust Compound Annual Growth Rate (CAGR) of 7.35% from 2024 to 2029. This growth is set to be driven by the increasing demand for data-driven decision-making, improved product quality, predictive maintenance, energy efficiency, and regulatory compliance across various industries.
A Data Historian is defined as a software program that records the data of processes running in a computer system. It is crucial in environments where reliability and uptime are critical, gathering information about the operation of programs to diagnose failures. These historians are primarily used to meet the needs of process manufacturing segments in industries such as oil and gas, chemicals, pharmaceuticals, pipelines, and refining. They have become indispensable tools in capturing, storing, and analyzing large amounts of data over time, enabling organizations to make informed decisions and optimize operations.
Figure Global Data Historian Market Revenue (M USD) in 2024
2. Data Historian Market Driving Factors and Limitations
The growth of the Data Historian market is influenced by several driving factors. One of the key factors is the increasing adoption of industrial automation and the advancement of digital technologies such as IoT, AI, and machine learning. These technologies integrate with Data Historian systems, enabling comprehensive data collection and analysis, which in turn improves operational efficiency and predictive analytics. The shift towards cloud-based Data Historian solutions is also a significant trend, offering scalability and reducing infrastructure costs.
However, the market faces certain limitations. The high cost of implementing and maintaining Data Historian systems poses a challenge, especially for smaller organizations. Additionally, integration issues with legacy systems and the need for continuous technological upgrades to keep pace with the fast-evolving data management landscape can be limiting factors. The market also faces the challenge of ensuring data integration and compatibility across different platforms and formats.
3. Data Historian Market Technology Innovation, Mergers, and Acquisitions
The Data Historian market is characterized by continuous technology innovation, with a focus on enhancing data storage, retrieval, and visualization capabilities. Companies are investing in research and development to create more efficient and user-friendly historian solutions. Mergers and acquisitions have played a significant role in shaping the market, with major players like Emerson acquiring NI and AVEVA’s acquisition of OSIsoft, demonstrating the industry’s consolidation and the strategic expansion into digitalization offerings.
These moves not only strengthen the market position of the acquiring companies but also contribute to the overall technological advancement of the industry. The integration of complementary product offerings and the combination of industrial software and data management capabilities are key outcomes of these strategic acquisitions. They also indicate a trend towards providing more comprehensive solutions that cater to the growing needs of Industry 4.0 and beyond.
4. Data Historian Market by Type Analysis
In 2018, the On-Premises Data Historian market generated a revenue of 951.18 million USD, which slightly increased to 976.56 million USD by 2022. Projections for 2028 estimate a further growth to 1,113.32 million USD, with a modest CAGR of 2.21% from 2022 to 2028. This indicates a stable market with a gradual upward trend.
Conversely, the Cloud Data Historian market has shown a more dynamic growth trajectory. Starting at 126.37 million USD in 2018, it surged to 346.89 million USD in 2022. The forecast for 2028 predicts a substantial increase to 912.36 million USD, reflecting a robust CAGR of 17.49% from 2022 to 2028. This significant growth rate highlights the increasing preference and adoption of cloud-based solutions in the Data Historian market.
The total market revenue for Data Historians combined both On-Premises and Cloud types was 1,077.54 million USD in 2018, rising to 1,323.45 million USD in 2022. The market is expected to reach 2,025.68 million USD by 2028, with an overall CAGR of 7.35% for the period from 2022 to 2028. This overall growth underscores the expanding demand and application of Data Historian technologies across various industries.
Table Global Data Historian Market Revenue (M USD) and CAGR (%) Comparison by Type
|
|
2018 |
2022 |
2028 |
CAGR (2022-2028) |
|
On-Premises |
951.18 |
976.56 |
1113.32 |
2.21% |
|
Cloud |
126.37 |
346.89 |
912.36 |
17.49% |
|
Total |
1077.54 |
1323.45 |
2025.68 |
7.35% |
5. Data Historian Market by Application Analysis
Oil and Gas leads the market with a consumption value of 204.57 million USD in 2018, which increased to 268.57 million USD by 2022. The sector is expected to see significant growth, reaching 453.32 million USD by 2028, with the highest CAGR of 9.12% among all sectors.
Chemicals and Pharmaceuticals follow with a market consumption of 327.71 million USD in 2018, growing to 397.20 million USD in 2022. The sector is projected to reach 593.49 million USD by 2028, with a CAGR of 6.92%.
The Paper and Pulp industry shows a steady increase from 98.37 million USD in 2018 to 109.59 million USD in 2022, with a projected value of 144.90 million USD by 2028, reflecting a CAGR of 4.77%.
Metals and Mining have a market consumption of 72.43 million USD in 2018, which grew to 81.38 million USD in 2022. The sector is expected to reach 109.13 million USD by 2028, with a CAGR of 5.01%.
Utilities show a significant growth rate with a CAGR of 8.43%, increasing from 59.60 million USD in 2018 to 76.12 million USD in 2022, and projected to reach 123.72 million USD by 2028.
Data Centers also exhibit a strong growth pattern, with a CAGR of 6.79%. The market consumption increased from 51.52 million USD in 2018 to 62.11 million USD in 2022, and is expected to reach 92.13 million USD by 2028.
The Manufacturing sector, which is a key area for Data Historian applications, shows a CAGR of 8.03%. The market consumption rose from 154.13 million USD in 2018 to 194.17 million USD in 2022 and is projected to hit 308.68 million USD by 2028.
The Others category, which includes various other applications, shows a CAGR of 6.89%, with market consumption growing from 109.21 million USD in 2018 to 134.32 million USD in 2022, and expected to reach 200.31 million USD by 2028.
Table Data Historian Market Consumption (Value, M USD) Comparison by Application (2018-2028)
|
|
2018 |
2022 |
2028 |
CAGR (2022-2028) |
|
Oil and gas |
204.57 |
268.57 |
453.32 |
9.12% |
|
Chemicals and Pharmaceuticals |
327.71 |
397.20 |
593.49 |
6.92% |
|
Paper and Pulp |
98.37 |
109.59 |
144.90 |
4.77% |
|
Metals and Mining |
72.43 |
81.38 |
109.13 |
5.01% |
|
Utilities |
59.60 |
76.12 |
123.72 |
8.43% |
|
Data Centers |
51.52 |
62.11 |
92.13 |
6.79% |
|
Manufacturing |
154.13 |
194.17 |
308.68 |
8.03% |
|
Others |
109.21 |
134.32 |
200.31 |
6.89% |
|
Total |
1077.54 |
1323.45 |
2025.68 |
7.35% |
6. Regional Analysis of the Data Historian Market in 2024
North America: The Largest Market by Revenue
In 2024, the North American region, particularly the United States, stands out as the largest market by revenue. The United States market revenue is projected to reach approximately 554.15 million USD, with a growth rate of 7.75%. This region’s dominance can be attributed to its mature industrial sector, early adoption of digital technologies, and a strong focus on energy management and manufacturing efficiency. The United States, with its robust economy and technological advancements, continues to drive the demand for Data Historian solutions.
Europe: A Strong Second Place with Steady Growth
Europe follows as a significant market, with a projected revenue of around 360.40 million USD in 2024. The growth rate is expected to be 7.71%. Europe’s market is bolstered by its commitment to sustainability, stringent regulatory compliance, and advancements in the chemical and pharmaceutical sectors. Countries like Germany and France are particularly influential in driving the region’s market growth.
Asia-Pacific: The Fastest-Growing Region
The Asia-Pacific region is anticipated to be the fastest-growing region in 2024. Led by China, the market is driven by rapid industrialization, investment in smart manufacturing, and a push for energy efficiency. China’s market is projected to reach 198.61 million USD, with a growth rate of 9.29%. Other countries in the region, such as India and Japan, also contribute to the growth, albeit at a slower pace.
Figure Global Data Historian Market Value by Region in 2024
7. Top Three Data Historian Companies in 2023: An In-Depth Analysis
7.1 Microsoft Azure
Company Introduction and Business Overview:
Microsoft Azure, a subsidiary of Microsoft, is a leading provider of cloud computing services. Established in 2008 and headquartered in the USA, Azure has become synonymous with reliability and cutting-edge cloud technology. The platform supports a wide array of cloud services, including analytics, storage, and machine learning, making it a versatile choice for businesses worldwide.
Products Offered:
Azure’s Data Explorer is a standout product in the Data Historian market. This fully managed data analytics service is designed for real-time and time-series analysis on large volumes of data streams. It enables businesses to improve services and products, enhance customer experiences, monitor devices, and boost operations by quickly identifying patterns, anomalies, and trends in data.
Sales Revenue in 2023:
In 2023, Microsoft Azure achieved a significant milestone with a revenue of 181 million USD in the Data Historian sector. This success is attributed to Azure’s robust cloud infrastructure, its ability to scale, and its integration with other Microsoft services, making it a preferred choice for enterprises looking to leverage their data effectively.
7.2 Amazon Web Services (AWS)
Company Introduction and Business Overview:
Amazon Web Services, Inc., a subsidiary of Amazon.com, has been a pioneer in cloud computing since its establishment in 2006. With headquarters in the USA, AWS offers a broad set of cloud computing services that power a wide array of businesses, from startups to large corporations.
Products Offered:
AWS’s Modernize Data Historian service is a key player in the market. It focuses on helping customers transition their historian capabilities to the cloud, enabling more flexible use of operational data. AWS’s service supports the application of AI/ML and advanced analytics, providing real-time business outcomes and enhancing decision-making processes.
Sales Revenue in 2023:
AWS reported a revenue of 146.59 million USD in the Data Historian market for 2023. This revenue reflects AWS’s strong position in the cloud computing sector and its ability to offer scalable and secure data historian solutions that meet the growing demands of industries worldwide.
7.3 ABB
Company Introduction and Business Overview:
ABB, established in 1988 and headquartered in Switzerland, is a global leader in electrification and automation technology. With a presence in over 100 countries, ABB provides innovative solutions that enhance industrial productivity and energy efficiency.
Products Offered:
ABB’s Symphony® Plus Historian is a comprehensive information management solution that integrates data from various sources within a facility. It offers features like historical data on demand, superior data management, and flexible reporting, making it a valuable asset for operational excellence and informed decision-making.
Sales Revenue in 2023:
In 2023, ABB’s Data Historian segment recorded a revenue of 127.66 million USD. This revenue showcases ABB’s strength in providing reliable and efficient data historian solutions that are crucial for process efficiency and business profitability in various industries.