Press release
SCADA Market to Grow at 7.35% by 2028: Key Players, SWOT, Porter's Analysis, Market Size & Forecast till 2028
“The global SCADA market size was valued at $8.3 Billion in 2020 and is expected to reach $15.1 Billion by 2028 growing at the CAGR of 7.35% from 2021 to 2028.”, based on the report published by Evolve Business Intelligence in March 2021.
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The recent COVID scenario impacted the SCADA market negatively. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.
The SCADA market is segmented based on several segments including offering, component, and end user. The study includes a comprehensive value chain analysis, defines porter's five forces, as well as provides details on the key factors affecting the market growth (drivers, constraints/challenges, and opportunities).
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The report includes 10 key players in the SCADA market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
• IBM Corp
• Hitachi LTD.
• Alstom
• Honeywell International
• ABB LTD.
• JFE Engineering Corporation
• Mitsubishi Electric Corporation
• Emerson Electric Co.
• Rockwell Automation
• Schneider Electric
Furthermore, for the above-mentioned companies, the SCADA market report demonstrates their business overview, financials revenues, and research and development. Additionally, the report also provides the competitive landscape for the market players, and the strategies adopted by them to grow in the SCADA market (partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion).
Report Parameters
• Base Year: 2020
• Estimated: 2021
• Forecast: 2022 to 2028 (This period can be changed in the customization)
• Compound Annual Growth Rate (CAGR) Period: 2021 to 2028
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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Market Synopsis:
SCADA is an automation tool which collects and supervises data. Global SCADA market is expected to show significant growth through the forecast period. Increase in demand for automation among various industry verticals, rise in the Internet of things, demand for remote control of operations are the factors that are driving the global SCADA market. Furthermore, increasing investments in research and development, entry of new market players to provide innovative…
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Table of Contents
1 SCADA Market Overview
1.1 Product Overview and Scope of SCADA
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