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The SCADA Market in Europe is expected to register a CAGR of 4.6% during the forecast period (2017 - 2023). SCADA (Supervisory Control and Data Acquisition) is an automated tool used in supervising, analyzing, collecting data and generating reports. The limited awareness prevailing within the IT segment is a major impediment to the market expansion, on a global level.
Efforts are made to raise the awareness levels of the IT trends and various products are launched which can be easily embed into a smart-phone to significantly enhance the overall effectiveness of employees. SCADA technology has been a vibrant technology, and many leading players are stepping into the market to establish themselves well ahead of competition. The opportunities are majorly due to automation and Internet of Things (IoT) technologies which can be a revolutionary concept to the retail sector. Based on the Architecture type, the SCADA market is segmented into Solution/Component and Services.
The Solution market is segmented into Hardware and Software. Components are further segmented into Human Machine Interface, PLC (Power line Communication), Remote Terminal Unit, Communication Systems, and Other Components. The verticals covered under the report include Oil & Gas, Energy & Power, Water & Waste Water, Manufacturing, Transportation, Pharmaceuticals & Chemicals, Telecommunication, Food & Beverages and Others. Based on Country, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The report covers the analysis of key stake holders of the SCADA market. Key companies profiled in the report include ABB Group, Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Alstom, General Electric (GE), Honeywell International, Inc., Omron Corporation, and Yokogawa Electric Corporation.