Supervisory Control and Data Acquisition (SCADA) Market Expected to Reach USD 26.6 Billion by 2032 | Top Players Such as - ABB, Alstom and Hitachi

According to the report published by Allied Market Research, The Supervisory Control and Data Acquisition (SCADA) Market Expected to Reach USD 26.6 Billion by 2032 | Top Players Such as - ABB, Alstom and Hitachi. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Increase in penetration of mobile SCADA system and surging trend of industry 4.0 across manufacturing and processing industries is boosting the growth of the global market. In addition, Rapid growth in utilization of cloud computing technology positively impacts growth of the SCADA market. However, huge investment costs for insertion and sustentation of SCADA systems and escalating cyberattacks in the industrial networks are hampering the market growth. On the contrary, increasing advancements in wireless sensor networks is expected to offer remunerative opportunities for expansion of the SCADA market during the forecast period.

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The global supervisory control and data acquisition (SCADA) market was valued at USD 9.5 billion in 2022, and is projected to reach USD 26.6 billion by 2032, growing at a CAGR of 11.2% from 2023 to 2032.

The supervisory control and data acquisition (SCADA) market is segmented on the basis of offering, component, deployment type, application, and region. On the basis of offering, the market is categorized into hardware, software and services. On the basis of component, the market is fragmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), communication system, and others. On the basis of deployment type, the market is bifurcated into on-premise, and cloud. By end-user, it is classified into process industries, discrete manufacturing, and utilities. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on component, the remote terminal unit (RTU) segment held the highest market share in 2022, accounting for nearly two-fifth of the global Supervisory control and data acquisition (SCADA) market revenue, owing to rise in adoption of RTU devices in various industrial process, such as pressure tests, circulation pumps from a central location, to improve operational efficiency, and control various processes. However, the communication system segment is projected to manifest the highest CAGR of 14.6% from 2023 to 2032, as it helps to improve business operational efficiency, reduce infrastructure costs, and improve product quality.

Based on offering, the hardware segment held the highest market share in 2022, accounting for around half of the global Supervisory control and data acquisition (SCADA) market revenue, owing to rise in adoption of RTU devices in various industrial process, such as pressure tests, circulation pumps from a central location, to improve operational efficiency, and control various processes. However, the software segment is projected to manifest the highest CAGR of 13.8% from 2023 to 2032, as it helps to improve business operational efficiency, reduce infrastructure costs, and improve product quality.

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Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global Supervisory control and data acquisition (SCADA) market revenue, due to stable power management, as well as massive investment in technologies. However, the same region is expected to witness the fastest CAGR of 13.1% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to an increase in investment by the government in automation for a wide range of industries.

The leading market players profiled in the report include IBM Corp, Alstom, ABB LTD., Mitsubishi Electric Corporation, Rockwell Automation, Hitachi LTD., IBM Corp, Alstom, ABB LTD., Honeywell International, JFE Engineering Corporation, Emerson Electric Co., and Schneider Electric. Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/544

Covid-19 Scenario

● The supervisory control and data acquisition (SCADA) market has witnessed significant growth during the COVID-19 pandemic, owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand supervisory control and data acquisition (SCADA) technology. The supply chain got hampered during the pandemic along with delay logistics activities.

● However, the supervisory control and data acquisition (SCADA) market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

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