PUBLISHER: Grand View Research | PRODUCT CODE: 1530389
PUBLISHER: Grand View Research | PRODUCT CODE: 1530389
Data Historian Market Size & Trends
The data historian market size was estimated at USD 1.32 billion in 2023 and is estimated to grow at a CAGR of 6.3% from 2024 to 2030. The increasing amount of data generated by various sources, such as IoT devices, cloud applications, and social media, is driving demand for data historians. Many industries are subject to regulations and compliance requirements that require storing historical data. Data historians provide a way to meet these requirements while enabling organizations to extract insights from the data. This is particularly important in the industries such as financial services. Thus, demand from such sectors is contributing to the market.
The expansion of data centers supports the growth of data historians by providing the essential infrastructure for storing, processing, and analyzing vast amounts of data. Additionally, data centers often offer advanced processing capabilities, such as high-performance computing and data analytics tools, which help organizations derive valuable insights and trends from their data. With the emergence of Industry 4.0, along with smart plants and factories, there is a global shift towards utilizing large volumes of data across various process layers. This shift is driving the demand for data historian solutions to ensure effective management, stable and efficient plant operations, and robust analysis. However, data historian market growth is hindered by increasing data capabilities and complexities, high deployment costs, and limited development.
Global Data Historian Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global data historian market report based on type, deployment, enterprise size, end-use, and region:
U.S.
Canada
Mexico
Germany
UK
France
China
Japan
India
South Korea
Australia
Brazil
Kingdom of Saudi Arabia
UAE
South Africa