SCADA Market Latest Study Reveals the Huge Growth in Key Regions & in-Depth Market Analysis

According to Verified Market Intelligence, the Global SCADA Market was valued at USD 9.31 billion in 2017 and is projected to reach USD 15.28 billion by 2025, growing at a CAGR of 6.4% from 2018 to 2025.

Supervisory control and data acquisition (SCADA) is an organization of software and hardware components that allow the industrial organizations to collect, monitor, and process real-time data. It helps in interacting directly with the devices such as sensors, pumps, valves, motors, and more through human-machine interface (HMI) software. Moreover, it also helps in controlling industrial processes locally as well as remotely along with recording events into a log file. SCADA has many applications in sectors such as power plants, oil and gas refining, transportation, water and waste control and telecommunications.

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Growing adoption rate of Cloud Computing, growing industrial mobility demand, and expanding the adoption industry 4.0 by SCADA have been driving the global SCADA market. While increasing cyber-threats, increasing investment cost for setting up of SCADA system and fluctuating oil & gas prices acts a potential restraint for the overall market at a global level.

The “Global SCADA Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Emerson Electric Co., Schneider Electric SE, Honeywell International, Inc., Yokogawa Electric Corporation, Iconics Inc., ABB Ltd., Rockwell Automation, Inc., Siemens AG and General Electric Co. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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This release was published on openPR.