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The SCADA Market Size is expected to attain a market size of $40.9 billion by 2023, growing at a CAGR of 5.3% during the forecast period. SCADA (Supervisory Control and Data Acquisition) is an automated tool used in supervising, analyzing, collecting data and generating reports. The global SCADA market size would witness unprecedented growth majorly due to growing need for safety measures, controlling the distribution & transmission loss, adoption of cloud technology and integration with corporate IT. The steadily growing end-user applications would further contribute to the market expansion, globally.
Nevertheless, growing cases of cyber-attacks, challenges pertaining to managing large data effectively are some of the factors restricting the market growth.The growing complexity in the industrial processes of the century has significantly contributed to the adoption of SCADA systems. Addressing the complexity is a need of the hour for the modern businesses and industrial plants in virtually all the sectors. Product design, inventory, production equipment and support system create complicated process environment, which needs to be simplified or optimized.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 Region, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa.
The SCADA Market Analysis 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.