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SCADA Market Analysis, Strategic Assessment, Trend Outlook and Business Opportunities

Author : Ronak Bora | Published Date : 2020-09-16 

Global SCADA market size is anticipated to grow exponentially over the forthcoming years. SCADA provides operators with real-time visualization of the complete factory or process. Cloud-based SCADA systems help cut maintenance and installation costs, reducing the need for high capital investments. The emergence of cloud-based SCADA will undeniably fuel future market trends.

The increasing risk of cyberattacks will be major factor hampering the technology demand. Specific malwares are used to disrupt networks and processes including computer spyware and viruses. These malware programs pose serious threat to systems and networks without targeting a SCADA network, which will hamper the market growth.

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A few known and standardized SCADA protocols also deliver information, albeit only when supervisory stations poll the RTUs.

With regards to application, the SCADA market is segmented into food & beverage, utility, water & sewage, transportation, chemical & pharmaceuticals, oil & gas and manufacturing. Of these, the utility segment is estimated to depict the highest growth rate through 2025, owing to escalating investments in smart grid development.

SCADA systems are extensively used in utility applications for various functions including the supervision of vast data variety, including water levels, currents, temperature, pressure, voltages, etc. across numerous industries. In the event of an anomaly being detected, alarms at both central and remote sites are triggered to alert operators.

On the regional front, the Latin America SCADA market is set to register appreciable growth at a rate of 4% CAGR through 2025. This growth is attributed largely to the rising prevalence of IoT and cloud computing technologies across myriad industry verticals in the region.

SCADA market is projected to surpass USD 50 billion by 2026. The market growth is attributed to the increasing adoption of automation technologies by oil & gas, utility, and manufacturing industries. SCADA allows operators to visualize the complete process of factory or machine to access real-time data. The emergence of cloud-based SCADA systems is further providing market opportunities. Cloud SCADA systems eliminate maintenance and installation fees, reducing the requirement of high capital investments. Ongoing technological advancements in SCADA due to the emergence of AI and IoT technologies is further providing market opportunities; however, increasing cyber security threats are hampering market growth. Specific malware programs are used to disrupt processes and networks ads including computer spyware and viruses. Malware poses a significant threat without specifically targeting a SCADA network, hindering the market demand.

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Some of the key players operating in the SCADA market include Emerson Electric Co., Schneider Electric SE, ABB Ltd., Rockwell Automation, Inc., Omron Corporation, Siemens AG, Honeywell International Inc., Partita IVA, Yokogawa Electric Corporation, Mitsubishi Electric, and Toshiba Infrastructure Systems & Solutions Corporation.

Table of Contents (ToC) of the report:

Chapter 3.   SCADA Market Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2016 – 2026

3.3.  Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Software & technology providers

3.3.3. Cloud service providers

3.3.4. Distribution channel analysis

3.3.5. End-use landscape

3.3.6. Vendor matrix

3.4.  Technology & innovation landscape

3.5.  Regulatory landscape

3.5.1.1.    North America

3.5.1.2.    Europe

3.5.1.3.    Asia Pacific

3.5.1.4.    Latin America

3.5.1.5.    MEA

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    Robust outlook of oil & gas industry across the globe

3.6.1.2.    Rising adoption of automation technologies in the utility sector of North America and Europe

3.6.1.3.    Increasing investments in smart city projects across Europe and Asia Pacific

3.6.1.4.    Government initiatives for supporting innovation in Asian manufacturing sector

3.6.1.5.    Rapidly developing manufacturing sector in Brazil & Mexico

3.6.1.6.    Growing popularity of enhanced automation technologies in MEA

3.6.2. Industry pitfalls & challenges

3.6.2.1.    High initial implementation cost

3.6.2.2.    Security concerns in SCADA

3.7.  Growth potential analysis

3.8.  Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9.  Competitive landscape, 2019

3.9.1. Company market share analysis

3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

3.10.      PESTEL analysis

Chapter 4.   SCADA Market, By Component

4.1.  Key trends by component

4.2.  Human-machine Interface (HMI)

4.2.1. Market estimates and forecast, 2016 – 2026

4.3.  Programmable Logic Controller (PLC)

4.3.1. Market estimates and forecast, 2016 – 2026

4.4.  Remote terminal unit (RTU)

4.4.1. Market estimates and forecast, 2016 – 2026

4.5.  Others

4.5.1. Market estimates and forecast, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/scada-supervisory-control-and-data-acquisition-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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