1. Increasing adoption of Industrial Internet of Things (IIoT) technology in various industries, leading to a growing need for data storage and analysis.
2. Rising demand for real-time data monitoring and analysis to improve operational efficiency and support decision-making processes.
3. Technological advancements, such as cloud-based data historian solutions, offering scalability, flexibility, and cost-effectiveness.
4. Growing emphasis on regulatory compliance and data security, driving the adoption of data historian solutions for maintaining and securing historical data.
Industry
Report Coverage | Details |
---|---|
Segments Covered | Deployment, Component, End-Use Industry |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Siemens AG, Mitsubishi Electric & ICONICS, Rockwell Automation, ABB, AVEVA Group plc (Schneider Electric), General Electric Company, Emerson Electric Co., Honeywell International, TRIHEDRAL (VTSCADA), Open Automation Software |
1. High initial investment and implementation costs associated with data historian systems, especially for small and medium-sized enterprises.
2. Lack of skilled professionals to effectively utilize data historian systems and analyze the large amounts of historical data generated.
3. Concerns regarding data privacy and security, particularly in highly regulated industries, leading to hesitancy in adopting data historian solutions.