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SCADA (Supervisory Control and Data Acquisition) Market, Opportunity, Analysis, Forecast 2021-2027

08-14-2021 05:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

SCADA (Supervisory Control and Data Acquisition) Market

SCADA (Supervisory Control and Data Acquisition) Market

The global supervisory control and data acquisition (SCADA) market is anticipated to record substantial growth rate over the forecast period. The growth of the market is attributed to increased adoption of Industry 4.0 in process industries, high demand for industrial mobility solutions to efficiently manage process industries and increasing adoption of software platforms including edge computing and IoT. SCADA systems are extensively utilized in Supervisory Control and Data Acquisition of industrial processes. SCADA is used extensively in the electricity sector. Other SCADA applications include gas and oil pipelines, water utilities, transportation networks, and applications requiring remote monitoring and control.

Similar to real-time process controls found in buildings and factory automation. SCADA systems have made substantial growth over the last decade in terms of performance, functionality, openness, and scalability and have emerged as an alternative to in house development for extremely complex control systems. The prevalence of SCADA systems has grown substantially to a point that presents a great deal of national infrastructure depends on it. The capabilities of the SCADA system have advanced from simply replacing lights to managing extremely complex critical safety shutdown systems and process control.

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At present, components and systems are greatly compatible and switchable, offering utilities an extensive range of choices and prospects for customization services as SCADA becomes more integrated. SCADA systems are becoming progressively universal, as web portals, thin clients, and web-based products are gaining prominence among key dealers which will significantly contribute to global SCADA industry. Furthermore, other important challenges in the global SCADA market are the need to increase cybersecurity threat and the need of internet for SCADA to provide access to real-time data.

The highly competitive global SCADA market, with the continuous emergence of new SCADA vendors with new SCADA products and solutions, is witnessing increased competition among the SCADA vendors. To sustain a strong position in such a competitive market, SCADA manufacturers are constantly introducing new technologies and adding new functionalities to the existing SCADA systems. Furthermore, the global economic recession has resulted in an increase in the end-users’ demand for low-price solutions with the same high functionality. In such an environment, competitive pricing strategies are of paramount importance, as they better position SCADA vendors to meet the market needs. The ability to provide SCADA systems with high functionality at a lower price is likely to increase its scalability to the end-users, especially during the economic recession.

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The prominent players functioning in the global SCADA market include ABB Group, AVEVA Group PLC, Diamond Technologies Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. These market players are continuously contributing to the market by implementing various market techniques and approaches which includes product launch and approvals, merger and acquisition, partnership, collaborations, and others for gaining a strong position in the market. The companies are increasingly investing in product development and innovation to gain a competitive share.

Global SCADA (Supervisory Control and Data Acquisition) Market- Segmentation

By End-User

Power and Energy
Oil & Gas
Manufacturing
Telecommunication
Automotive
Chemicals
Food & Beverages
Others (Transportation)

Global SCADA (Supervisory Control and Data Acquisition) Market- Regions

North America           

United States 
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific    

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East & Africa

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Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com 
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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