Digital transformation and everything it involves is based on data. Recent research by ARC Advisory Group confirms the importance of data usage in manufacturing and operations and that the digital transformation of industries is increasing the need for a robust Operational Historians/Industrial Data Platform technology. The Operational Historian/Industrial Data Platform is evolving, and its market continues to expand. New types of data are being merged with traditional structured process data, and the amount of data keeps rising exponentially. Operational data is critical to optimize manufacturing performance in real time. Newer technologies like edge, cloud, digital twins, 3D virtual reality technologies, advanced analytics including AI are all creating the need for more data, which is accessible, available, searchable, and contextualized.
"This is the year of Industrial Data and Industrial Data Platforms with data operations that connect, contextualize, model, democratize and ultimately connect the enterprise. Newer infrastructure and better data management tools including AI and ML for data operations and data management increase the demand for real-time Operational Historians, including cloud-based Enterprise Historians, and newer Data Platforms for on premise and cloud based. The shift toward user personas and roles with vivid visualization combined with ease of use, self-service tools, connected and collaborative enhancements continues to drive usage. The connected enterprise and increase in the volume of data are also driving the Operational Historian Market. Manufacturers and operating companies enable workers from anywhere with the ability to access data, to collaborate and enable faster and better data-driven decisions that improve performance," according to Janice Abel, Principal Analyst and key author of ARC's Operational Historians/Data Platforms Market Research.
Operational Historians/Data Platforms Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
Role of Acquisitions and Partnerships on the Market Landscape
Partnerships, acquisition, startups and open-source data platforms continue to reshape the industry. While some suppliers utilize partnerships for data applications, many Data Platforms are developed through collaborations among multiple companies, including open-source software entities that provide a range of software solutions. These solutions may include connectivity tools, data management and quality tools, data in motion utilities, data search functionalities, or comprehensive data storage platforms. Most suppliers use a combination of partnerships and acquisitions for Industrial Data Platform tools, including the use of open-source tools that are enhanced for industry.
Servitization and SaaS
More manufacturers (and suppliers) are engaging in servitization where they retain ownership of their products and charge customers a usage or performance fee. For example, instead of selling the product the manufacturer charges a one-time fee, the customer pays a monthly fee as they use the product. For Operational Historian suppliers this is often referred to as SaaS where the customer pays a monthly fee for use of the software.
New SaaS, DaaS Subscription and Remote Services
As suppliers and end users move the technology, information, and applications to the cloud, Industrial Data Platform software suppliers are seeing an increase in service-oriented subscription services that enable users to keep the software up to date and perform maintenance and move from CapEx to OpEx. The subscription fees and licenses vary by supplier, location, scale of production, and specific applications. For subscription services, most users pay for usage (e.g., by number of users, assets, volume of data, sites, etc.) from operating expense budgets. Some subscription services have flat monthly fees. Even for their on-premise applications, some end users are switching to subscription services to reduce their costs. End users want the ability to work remotely; suppliers have added features to accommodate this. Cloud, while still a relatively small market, is the fastest growing deployment segment and users are expanding their use of cloud services. Many suppliers are moving away from factoring in the number of users and moving to an enterprise usage model because it does not limit users (from using). Enterprise licenses typically offer unmetered usage and greater flexibility and value for organizations across multiple sites and plants.
Leading Suppliers to the Operational Historians/Data Platforms Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Aspen Technology, AVEVA, Cognite, Copa-Data, Honeywell.
About the Operational Historians/Data Platforms Research
The Operational Historians/Data Platforms research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and seven years of historical analysis. The research segmentation includes World Region, Revenue Type, Industry, Data Attributes, Deployment Model, Customer Size, Customer Type, Sales Channel.
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