SCADA Market 2018 Global Key Leaders: SCADA are ABB, IBM Corporation, Rockwell Automation, Schneider Electric SE, Siemens AG

Market Overview:
According to a report by Market Research Future (MRFR), the global SCADA (Supervisory Control and Data Acquisition) market is projected to reach USD 15.78 BN, growing at a healthy CAGR of 8.96% during the forecast period of 2017 to 2023.

This steady growth has been observed globally due to a plethora of drivers, for instance, increase in demand for reliable power distribution and transmission systems, remote monitoring techniques among various industries, assessment of new oil and gas fields, and low operational cost of SCADA Market. Also, growth in adoption of cloud-based SCADA systems, infrastructural development in the form of smart cities and transportation, as well as high penetration of mobile SCADA systems can provide impetus to the market.

However, cyber threats and high investment required for setting up the SCADA system are expected to impede the market growth. On the contrary, surge in research and development activities in wireless sensor network in SCADA coupled with rapid growth in big data along with analytics has increased the efficiency of SCADA systems, thus leading to market expansion.

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Market Segmentation:
The global SCADA Market is segmented on the basis of component, architecture, end-users, and region.

Based on component, the market is segmented into programmable logic controller (PLC), remote thermal units (RTU), human-machine interface (HMI), communication systems, and many more. PLCs are easily programmable, are rugged and designed to withstand vibrations, humidity as well as noise. On the other hand, a human-machine interface can reduce operation costs, improves communication, offers reliable messaging, and provides with alarms/warnings to plant operators.

On the basis of deployment, the market is segmented into on-cloud and on-premise. In this, on-cloud deployment SCADA systems are highly popular due to various benefits it provides with, namely easy setup, cost saving, easy recovery in case of any damage, and flexibility when anything needs to be updated or changed. Whereas on-premise deployment provides with complete control over maintenance and updates and simplifies IT governance or compliance regulations.

On the basis of architecture, the market is segmented into hardware architecture, software architecture, and services architecture.

The services in SCADA are network system protection, remote maintenance, building management system, and others. The end users utilizing SCADA services are transport, chemicals, oil & gas, power, manufacturing, telecommunications, and others. The rising adoption of SCADA to streamline processes in oil and gas industry and the increased offshore exploration and production (E&P) activities in countries like China, India, Kuwait, and Saudi Arabia are driving the demand for SCADA in oil and gas industry. SCADA is used to meet production targets and ensure smooth functioning of vital machines in manufacturing companies. This is expected to drive the demand for SCADA in manufacturing applications worldwide.

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Key Findings:
• Bedrock automation a global leader in scalable and industrial control systems, deployed an application which enables and users to have advantage over Bedrock SCADA platform which is obtained by combining SCADA developers, inductive automation, ICONICS, and TATSOFT.
• Red Lion Controls, Inc., which delivers industrial automation, integrated their SCADA platform with RAM industrial routers and cellular RTUs which enhances Industrial Internet of Things (IIoT).

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This release was published on openPR.