Strong Growth Ahead: SCADA Market Size To Grow At Arecord 10.8% Cagr By 2029

The SCADA Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the SCADA Market Size and Projected Growth Rate?
In recent times, there has been significant growth in the size of the scada market. The market is projected to expand from $12.45 billion in 2024 to $13.22 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth during the historical period include the need for industrial automation, monitoring of critical infrastructure, improvements in efficiency and productivity, the necessity to meet regulatory compliance, and increased operational visibility.

Over the coming years, the scada market size is anticipated to experience swift expansion. With a compound annual growth rate (CAGR) of 10.8%, it is predicted to reach $19.91 billion by 2029. Factors contributing to this growth in the forecast period include the integration with IoT and big data analytics, focus on cybersecurity measures, expansion of renewable energy, smart city developments, and the increasing need for remote monitoring and control. Key trends for the forecast period are mobile SCADA applications, a stress on open standards, integration with renewable energy, remote monitoring and control, and water and wastewater management.

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What Are the Major Segments in the SCADA Market?
The SCADA market covered in this report is segmented -

1) By Offering: Hardware, Software, Services
2) By Component: Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), Human-Machine Interface (HMI), Communication System, Other Components
3) By Deployment: On-Premise, Cloud
4) By Application: Chemical And Pharmaceuticals, Food And Beverage, Manufacturing, Oil And Gas, Transportation, Utility, Water And Sewage

Subsegments:
1) By Hardware: Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), Human-Machine Interface (HMI) Devices, Communication Equipment
2) By Software: SCADA Software Applications, Visualization Software, Data Management Software, Security Software
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training Services

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What Are The Driving SCADA Market Evolution?
The SCADA market is predicted to be driven by the expansion of the oil and gas industry. This sector's activities encompass hydrocarbon exploration, observation, growth, drilling, manufacturing, refining, transportation, and distribution from oil rigs to consumers. SCADA software, used in this industry, oversees pipelines and quantifies gas well output from a distance, offering property optimization by providing a clearer view of the area and enhancing safety by moderating the procedure. For instance, OPEC (Organization of the Petroleum Exporting Countries) projected in their World Oil Outlook report published in October 2022 that the global primary energy need would increase by 23% by 2045. Furthermore, the global usage of oil is expected to escalate from approximately 97 million barrels daily (mb/d) in 2021 to nearly 110 million barrels daily (mb/d) in 2045. At the same time, the refining capacity is predicted to reach a figure of 15.5 million barrels per day (mb/d) from 2022 till 2045. Accordingly, the growing oil and gas industry are anticipated to stimulate the demand for the SCADA market.

Which Firms Dominate The SCADA Market Segments?
Major companies operating in the SCADA market include Hitachi Ltd., Siemens AG, General Electric Company, International Business Machines Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Toshiba Corporation, ABB Ltd, Fuji Electric Co Ltd., Eaton Corporation plc, Emerson Electric Company, Rockwell Automation Inc., Omron Corporation, Yokogawa Electric Corporation, Advantech Co Ltd., Parametric Technology Corporation., Schweitzer Engineering Laboratories Inc., B&R Industrial Automation GmbH, Wunderlich-Malec Engineering GmbH, Inductive Automation LLC, Tesco Controls LLC, COPA-DATA GmbH, NovaTech Automation Corporation, Elynx Technologies LLC, Intouch Insight, Iconics Inc., Progea S.r.l., Trihedral Engineering Limited, VTScada Systems Inc.

What Trends Are Driving Growth in The SCADA Market?
A significant trend that is becoming prevalent in the SCADA market is the surge in product innovations. To solidify their positions in the SCADA market, leading companies are placing considerable emphasis on innovative products. For example, Emerson Electric Co., a corporation based in the U.S. that produces and delivers engineering services and goods for industrial, commercial, and consumer markets, rolled out an advanced automation platform, Movicon.NExT 4.2, in October 2022. This platform offers a basic interface that connects to any field device, control system, or enterprise system, supplying data and insights that enable users and Original Equipment Manufacturers (OEMs) to achieve operational efficiency. Its key features include speed, security, efficiency, superior performance, accelerated application development, and upgraded connectivity.

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Which Is The Largest Region In The SCADA Market?
Asia-Pacific was the largest region in the SCADA market in 2024. The regions covered in the scada market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the SCADA Market?
2. What is the CAGR expected in the SCADA Market?
3. What Are the Key Innovations Transforming the SCADA Industry?
4. Which Region Is Leading the SCADA Market?

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