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.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around 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