Global SCADA System for Oil & Gas Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global SCADA system for oil & gas market in its upcoming report titled, “Global SCADA System for Oil & Gas Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global SCADA system for oil & gas market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global SCADA system for oil & gas market report has been segmented on the basis of architecture, stream, and region.

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SCADA (Supervisory Control and Data Acquisition) is a set of industrial software applications that are used to support proper management of production process. SCADA system for oil & gas is primarily used to collect data at remote oil & gas sites and also to reduce personnel visits. SCADA systems are used extensively in production monitoring and control, process monitoring and control, well monitoring and control, pipeline system, and drilling.

Rising demand for remote management in the oil & gas industry coupled with increasing exploration and production (E&P) activities, both in offshore and onshore oilfields are key factors driving growth of the global SCADA system for oil & gas market. In addition, increasing inclination towards process optimization through automation and digitalization, and increasing penetration of cloud computing services in SCADA system are other factors expected to fuel growth of the global SCADA system for oil & gas market over the forecast period.

However, high costs associated with deployment of SCADA system for oil & gas industries is a major factor restraining growth of the global SCADA system for oil & gas market. Additionally, concerns related to data security is another factor expected to hamper growth of the global SCADA system for oil & gas market over the forecast period.

The market in North America is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to growing adoption of cloud based SCADA system in the oil & gas industry in countries in the region. The market in Asia Pacific is expected to register significant growth in the target market over the forecast period, owing to increasing number of oil & gas drilling activities in emerging economies such as China, India, etc. Moreover, the market in Middle East & Africa is expected to register moderate growth in the target market, owing to growing demand for automation and proper monitoring in drilling equipment in the region.

Global SCADA system for oil & gas market segmentation:

By Architecture:

• Hardware
• Software
• Service

By Stream:

• Upstream
• Midstream
• Downstream

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• ABB Ltd.
• Schneider Electric S.E.
• Rockwell Automation, Inc.
• Mitsubishi Electric Corporation
• Siemens AG
• Yokogawa Electric Corporation
• PSI Software AG
• Larsen & Toubro Limited
• Emerson Electric Co.
• TechnipFMC plc