SCADA Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global SCADA Market: Overview
SCADA stands for supervisory control and data acquisition, an independent control system in other words, which is essential for proper functioning of numerous industries including energy, oil and gas, water, manufacturing, power, transportation, and recycling. SCADA helps these large-scale organizations and companies to maintain and enhance their efficiency via better communication and swift distribution of data between different departments. Some of the common examples of SCADA in real-life World can be refrigeration system in a hypermarket or supermarket, production and safety controls at a refinery or waste water treatment plant, and even energy controls at a home. Via SCADA systems, significant amount of time and money can be saved, and these glaring benefits are gaining popularity among the consumers. Consequently, the demand in the global SCADA market is projected for a robust growth rate during the forecast period of 2017 to 2025.
Global SCADA Market: Key Trends
SCADA collects analytical data that can be used to generate decisive reports and in turn supervise the future actions. Growing demand for safety assurance at organizations is one of the primary driver in the global SCADA market, while the need to minimize transmission and distribution loss and the integration of cloud computing in corporate IT are some of the other important factors augmenting the demand for SCADA. In the oil and gas industry, wherein exploration and production activities are in full swing, SCADA helps in maintenance of safety protocols, preserves the environment, and reduces operational costs by enhancing the quality of drilling outcomes. On the other hand, cyber-attacks and lack of awareness pertaining to IT trends are two important factors hindering the SCADA market from achieving its full potential. Management issues as a result of the data generated are also expected to challenge the global market for SCADA during the forecast period.
Based on component, the SCADA market can be segmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic unit (PLC), and communication. Application-wise, the market can be categorized into manufacturing, telecommunication, electrical power, oil and gas, water and waste-water, chemicals, pharmaceuticals, and food and beverages. On the basis of architecture, the market can be bifurcated into software, hardware, and services.
Global SCADA Market: Market Potential
In the recent past, the advancements in the SCADA owing to continuous efforts from the players in order to gain ground over their competitors in the SCADA market has significantly increased the efficiency of the system. Going forward, further improvements to SCADA system are expected, which will in turn opening new opportunities for the stakeholders. Evolving field of the Internet of Things and ubiquity of smartphones, to which SCADA systems can be easily embedded in order to access work progress of employees, is another futuristic favorable factor for the global SCADA market.
Global SCADA Market: Regional Outlook
North America currently is the most lucrative region for the vendors operating in the global SCADA market, which is a reflection of growing demand for process automation systems in several end-use industries including electrical power generation and the oil and gas sector. Increase investments in technology for the development of reliable power management in countries such as the U.S. and Canada is expected to maintain North America as most profitable region in SCADA market throughout the forecast period. Germany accounts for the maximum demand for SCADA systems from Europe, which is attributed to rising concern over the purification of shale gas and escalating demand for advanced power in the country.
Global SCADA Market: Competitive Landscape
Siemens AG, Schneider Electric SE, ABB Ltd., Honey well International Inc., Emerson Electric Co., and Rockwell Automation Inc. are six leading companies in fairly consolidated and highly competitive global SCADA market. In the near future, mergers and acquisition of smaller players is expected to help these market leaders to gain ground over their competitors.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report