Global Supervisory Control and Data Acquisition (SCADA) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Supervisory Control and Data Acquisition Market Introduction
"The Supervisory Control and Data Acquisition Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Supervisory control and data acquisition (SCADA) is a system of software and hardware elements that allows organizations to monitor, command, gather, and process real-time data, and control organizational processes locally or remotely. In addition, it allows users to directly interact with devices such as valves, sensors, pumps, and motors through human‐machine interface (HMI) software, and also record events into a separate log file.
Increasing adoption of cloud-based SCADA system, owing to its benefits such as ease to retrieve files & uploading, easy upgradation through the cloud, scalability, etc., is a key factor expected to drive the growth of the global supervisory control and data acquisition market over the forecast period. In addition, increasing infrastructural development such as smart cities and smart transportation across various countries are major factors expected to drive the growth of the global market over the forecast period.
Furthermore, the increasing need for continuous maintenance of machinery across various industry verticals such as oil & gas, automotive, energy power, and others is another factor expected to further fuel the growth of the target market over the forecast period. Moreover, rising demand for real-time data monitoring and data sharing from remote location in order to reduce the operational cost and improve work quality is another factor expected to boost growth of the global market over the forecast period.
However, increasing incidence of cyber risk and high investment in setting up SCADA systems are major factors expected to restrain the growth of the SCADA market over the forecast period.
Ongoing trend observed in the target market is increasing adoption of supervisory control and data acquisition across various industries, like the oil & gas industry, and an increase in infrastructure investment activities, owing to increasing demand for consistent power transmission and distribution. This trend is expected to continue over the forecast period.
Increasing research and development activities in a wireless sensor network in SCADA and rapid growing big data analytics offer major opportunities for expansion of SCADA systems market over the forecast period.
Analysis by Region
The market in North America followed by Europe is expected to dominate the global market in terms of revenue over the forecast period, owing to the growing acceptance of modern technology and funding of SCADA technology across various countries in the region. In addition, the market in the Asia Pacific is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for SCADA across various countries such as China and India in the region.
Global supervisory control and data acquisition market segmentation:
Segmentation by offerings:
Segmentation by component:
- Human Machine Interface
- Communication System
- Remote Terminal Unit
Segmentation by application:
- Oil & Gas
- Automotive & Transportation
- Electric Power
- Food & Beverages
- Water & Wastewater
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- International Business Machines Corporation
- Alstom SA
- Honeywell International Inc.
- Hitachi, Ltd.
- Emerson Electric Co.
- ABB Ltd.
- Rockwell Automation, Inc.
- JFE Engineering Corporation
- Schneider Electric S.E.
- Mitsubishi Electric Corporation
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