SCADA Market 2020: Global Segments, Recent Trends, and Top Key Players (ABB, AVEVA Group plc, Emerson Electric, Hitachi, Honeywell, ICONICS, Mitsubishi Electric, Omron, Ovak Technologies, Partita IVA, Rockwell Automation, Schneider Electric, Siemens, Yoko

Rapid proliferation of industry 4.0 technologies is likely to drive SCADA market. The market is expected to witness a robust growth rate on account of increasing adoption of automation technologies by manufacturing, utility, and oil & gas industries. SCADA enables operators to monitor entire processes of machines and factories to access real-time data. The introduction of cloud-based SCADA systems may also provide promising opportunities for industry growth.

Cloud SCADA systems charge users only for the resources that are utilized by them. Such flexibility in terms of payment reduces the requirement of bearing high capital investments. These solutions stand out beneficial as they also eliminate installation and maintenance fees.

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Company profiled in SCADA market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ABB Ltd.
2. AVEVA Group plc
3. Emerson Electric
4. Hitachi
5. Honeywell International
6. ICONICS Inc.
7. Mitsubishi Electric
8. Omron
9. Ovak Technologies
10. Partita IVA
11. Rockwell Automation
12. Schneider Electric
13. Siemens
14. Toshiba Infrastructure Systems & Solutions Corporation
15. Yokogawa Electric Corporation

Ongoing technological advancements in Supervisory Control and Data Acquisition systems due to the emergence of Artificial Intelligence and IoT technologies may result in industry expansion over the coming years. In terms of revenue, SCADA market is forecast to cross the USD 50 billion mark by 2026.

SCADA systems are widely deployed in chemical and pharmaceutical industries to monitor and control the mixing of critical compositions in order to ensure optimum quality of the end-product. Booming chemical and pharmaceutical sales, particularly in Europe and Asia Pacific, will offer ample opportunities to regional SCADA solution developers.

The emerging trend of automation in the pharmaceutical sector is further accelerating the adoption of SCADA. In the pharmaceutical sector, the technology is primarily used to ensure compliance with strict safety and environmental regulations. Surging demand for automation and growing adoption of industry 4.0 solutions in chemical and pharmaceutical industries will undeniably have a positive impact on SCADA market.

Human-machine interface (HMI) component segment is gaining traction and will experience healthy growth throughout the forecast period. HMI is basically an I/O device that allows operators to monitor and control process data in real-time. In addition, it provides operators with critical information including scheduled maintenance, detailed schematics, data diagnostics, and logistic information.

North America SCADA market is likely to be driven by increasing investments in industry 4.0 technologies. Governments across the region, especially in Canada and the U.S. are making robust investments towards the development of smart infrastructure & transportation systems, creating heavy demand for SCADA technology. For the record, the U.S. Department of Transportation made an investment of more than USD 63 billion to build transportation infrastructure in 2018. Increasing spending on automation from various industries may supplement SCADA industry share in the forthcoming years.

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Key players in SCADA market are focusing on implementing various business growth strategies, including new solution launches, mergers & acquisition, and new alliances to strengthen partner network. For instance, ABB Ltd. acquired General Electric's industrial solutions business segment in 2018. This aided the company to strengthen its position across industrial automation solutions business.

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