SCADA Market Synopsis:
Industries all over the world are starting to automate their processes in order to expedite their production flow and to cater the upscaling demand. The web is observed to be vulnerable to cyberattacks as is evidently visible by the recent spate of botnets attacking giant companies. To fortify their defences from these malicious threats, various industries have started adopting supervisory control and data acquisition (SCADA) systems for streamlining their processes.
SCADA systems are used to separate the operational technology from the internet technology of machines for avoidance of data theft and other cyberattacks. Market Research Future (MRFR) in their recent report have claimed that the global SCADA market is estimated to expand at 9.80% CAGR by 2023. Such growth is mainly facilitated by the adoption of industry 4.0 standards by leading organizations in various end-user industry verticals.
Moreover, increasing demand for industrial mobility solutions is bound to act as a catalyst for the demand of SCADA Market systems over the estimate period. However, high initial cost is bound to hamper market growth. Alternatively, other benefits of SCADA such as visual representation of controls, faster accumulation of data, and the ability of supervisors for reacting quickly to alarms is also estimated to influence the purchasing decisions of various industry leaders. Additionally, developments in the field of the industrial internet of things (IIoT), that have escalated the defences of these systems are known to provide an impetus to the market over the forecast period.
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on SCADA Market. The growth sectors of the SCADA Market are identified with precision for a better growth perspective.
Major Key Players:
Some influential players present in the global SCADA market include Schneider Electric SE, Checkpoint Software Technologies Ltd., Rockwell Automation, Emerson Electric Corporation, Siemens AG, Honeywell Automation, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Omron Corporation, General Electric, and Radiflow.
The global SCADA market is studied for various segments that are studied on the basis of components, deployment, end-user, and region. Based on components, the global SCADA market is segmented into hardware, software, and solutions & services. The hardware segment is estimated to boast the largest share of the revenue, just like it did in 2017. It is anticipated to register a staggering CAGR of 9.18% over the forecast period. In the meantime, the software segment is likely to gain momentum at the fastest pace and is predicted to witness 11.37% CAGR during the estimate period.
- Based on deployment, the global SCADA market is segmented into on-cloud, and on-premise. The on-premise segment is presently at the fore of the market and is estimated to witness stellar growth of 9.10% CAGR during the review period. Alternatively, the on-cloud segment is likely to take on the fastest growth trajectory, witnessing 11.45% CAGR by 2023.
- Based on end-users, the global SCADA market is segmented into water and waste management, oil & gas, food and beverage, energy and power, telecommunication, manufacturing, pharmaceutical, and chemical. The oil and gas segment is estimated to be the fore of the market and likely to register a 9.29% CAGR during the assessment period. meanwhile, the fastest CAGR is exhibited by the water and waste management segment, at 12.90% during the conjecture period.
Detailed Regional Analysis:
The global SCADA market is segmented into Europe, North America, Asia Pacific, and the Rest of the World. The APAC is presently boasting its foremost position in the market owing to the burgeoning demand from China.
The region was valued at USD 4.84 billion in 2017 and is expected to register an impressive CAGR of 11.48% over the estimate period. North America is likely to trail behind the APAC due to the rising incorporation of SCADA in several end-user industries residing in the region. Mexico and Canada are likely to emerge as prospective growth pockets in the forecast period.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Access Full Report Details @ https://www.marketresearchfuture.com/reports/scada-market-2056
List of Table
Table 1 Market Synopsis 14
Table 2 List of Assumptions 17
Table 3 Global Scada Market, By Component, 2017-2023 (Usd Million) 30
Table 4 Global Scada Market, By Hardware, 2017-2023 (Usd Million) 31
Table 5 Global Scada Market, By Solution & Services, 2017-2023 (Usd Million) 33
List of Figure
Figure 1 Global Scada Market: Market Structure 16
Figure 2 Research Process of Mrfr 19
Figure 3 Top Down & Bottom Up Approach 22
Figure 4 Droc Analysis of Global Scada Market 24
Figure 5 Porter’s Five Forces Analysis of The Global Scada Market 27
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