The market for Supervisory Control and Data Acquisition (SCADA) Market is expected to reach US$ XX Mn by 2023.
The global SCADA market is projected to experience a CAGR of over 8% during the forecast period. The adoption of SCADA systems is primarily driven by the increasing demand for renewable energy in the energy and utility sectors. Also, the widening application of SCADA systems and solutions in the automotive and healthcare sectors is further fueling the growth of the market across the globe.
Other factors driving the market's growth are the rising integration of IoT technologies across utilities and the reduction of long-term maintenance and operational costs. However, the high initial cost of SCADA systems is hampering the growth of the market. Also, threats associated with data privacy and a lack of awareness regarding the benefits of SCADA technology among end-users, especially in developing regions, are likely to impede the adoption of SCADA systems to some extent.
This report analyses the global SCADA market in terms of architecture, hardware, application, and geography. The global SCADA market has been segmented based on architecture into hardware architecture, software architecture, and service architecture. The hardware segment is further sub-segmented into communication systems, remote terminal units, programmable logic controllers, and other hardware.
By services, the global SCADA market is bifurcated into consulting, implementation and integration, and repair and maintenance services. Based on end-user, the SCADA market is bifurcated into the public sector, oil & gas, manufacturing, energy & utility, transportation, healthcare, and telecom. The global SCADA market covers major geographies such as North America, Europe, Asia Pacific, and the Rest of the World.
Major players operating in the global SCADA market are concentrating on acquiring other players operating in the same segment to expand their existing portfolios and application-specific offerings.
Purpose of the Report
The purpose of this strategic research study titled "Global SCADA Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global SCADA market.
As of 2015, the remote terminal unit was the largest sub-segment with the largest market share. Broadening the application of remote terminal units from the oil and gas industry to electricity, heating networks, environmental protection, and water conservation is boosting the growth of this sub-segment across the globe. However, the communication systems sub-segment is projected to expand at the highest CAGR throughout the forecast period from 2016 to 2023.
At present, the oil and gas segment dominates the global SCADA market, followed by the manufacturing end-user segment. As of 2015, the oil and gas end-user segment accounted for over 1/4th of overall SCADA market revenue. Increasing investment by upstream oil and gas companies in the deployment of SCADA systems to automate business processes is boosting the market growth in the sector. The public and manufacturing sectors are the other major end-user segments in the global SCADA market.
By geography, Asia-Pacific was the dominant regional market in 2015, capturing over 1/3 of the overall SCADA market revenue. Additionally, the region is projected to continue its dominance over the forecast period. Growing spending in the manufacturing and public sectors on SCADA systems in the region is responsible for the market growth. Additionally, Asia Pacific is anticipated to expand at the highest CAGR, representing the huge potential for SCADA systems and solution providers. The market in the region is primarily driven by increasing demand for SCADA systems in the oil and gas industry. Major demand in the region is coming from emerging markets such as China and India.
The market for Supervisory Control and Data Acquisition (SCADA) Market is expected to reach US$ XX Mn by 2023.
The Supervisory Control and Data Acquisition (SCADA) Market is expected to see significant CAGR growth over the coming years, at 8%.
The report is forecasted from 2016-2023.
The base year of this report is 2015.
Schneider Electric SE, Siemens AG, ABB Ltd., IBM Corporation, Rockwell Automation Inc. are some of the major players in the global market.