SCADA Market is comprehensive and accurately presented in the report with the help of detailed market information and data, critical findings, error-free statistics, and reliable forecasts. The report digs deep into important aspects of the global SCADA market, including competition, segmentation, regional expansion, and market dynamics. Each leading trend of the global SCADA market is carefully studied and elaborately presented in the report. Readers are also provided with detailed information on key drivers and restraints of the global SCADA market. Players can become informed about unknown future challenges in the global SCADA market and prepare effective strategies to better deal with them.
The continuous advancements in SCADA owing to the efforts made by market players has increased the efficiency of these systems. Global Supervisory Control and Data Acquisition (SCADA) Market was valued at USD 9.30 billion in 2021 and is expected to reach USD 17.34 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029.
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Supervisory Control and Data Acquisition (SCADA) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
• Surge in Number of Smart Buildings
The growing urbanization in developing economies, there has been a surge in smart buildings, which is estimated to bolster the market's overall growth. Furthermore, the increasing number of internet users, growing adoption of smart devices has a positive impact on the market.
Integration with Advanced Technologies
The integration with big data analytics and cloud computing offering enhanced services to various industries further influence the market. The research and development (research and development) activities improve hardware and software processing solutions for supervisory control and data acquisition (SCADA).
The rise in the emergence of industry 4.0 across both manufacturing and process industries accelerate the market growth. These services are deployed as a part of their digitalization initiatives. Several governments are incorporating supervisory control and data acquisition (SCADA).
Furthermore, increase in number of developments in wireless sensor networks and their adoption in SCADA and use of 5G technology in industrial environments and big data analytics in SCADA systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, shift in preference for cloud-based over on-premises SCADA systems will further expand the market.
On the other hand, high capital requirement for installation and maintenance of these systems and anticipated decline in the oil prices are expected to obstruct market growth. Also, vulnerability to cyber-attacks is projected to challenge the supervisory control and data acquisition (SCADA) market in the forecast period of 2022-2029.
Key Players: Global SCADA Market
ABB (Switzerland), Schneider Electric (France), GENERAL ELECTRIC (US), Capula Ltd. (UK), Emerson Electric Co. (US), Rockwell Automation Inc. (US), Siemens (Germany), OMRON corporation (Germany), Yokogawa Electric Corporation (Japan), Progea srl (Italy), Willowglen Systems (Canada), TOSHIBA CORPORATION (Japan), Mitsubishi Electric Corporation (Japan), Fuji Electric Co. Ltd. (Japan), Hitachi Ltd. (Japan), Azbil Corporation (Japan), ELYNX TECHNOLOGIES LLC (US), Schweitzer Engineering Laboratories Inc. (US), Inductive Automation LLC (US), Valmet (Finland), Enbase LLC, Ing. (US), Punzenberger COPA-DATA GmbH (Austria), among others
MAJOR TOC OF THE REPORT
Chapter One: SCADA Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global SCADA Market Competition, by Players
Chapter Four: Global SCADA Market Size by Offering (Hardware, Software, Services)
Chapter Five: Global SCADA Market Revenue by Component (Human-Machine Interface, Remote Terminal Unit, Programmable Logic Controller, Communication System, Others)
Chapter Six: Global SCADA Market Revenue by Deployment Type (On-Premise, Cloud)
Chapter Seven: Global SCADA Market Revenue by End User (Process Industry, Discrete Manufacturing, Utilities)
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global SCADA Market
Analysis of market effect factors and their impact on the forecast and outlook of the global SCADA Market
Key Questions Answered in Report:
What is the key to the SCADA Market?
What will the SCADA Market Demand and what will be Growth?
What are the latest opportunities for SCADA Market in the future?
What are the strengths of the key players?
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