Rising Prevalence of SCADA In IT Sector Shall boost the Global Supervisory Control and Data Acquisition Market

Global Supervisory Control and Data Acquisition (SCADA) Market Report, published by Variant Market Research, forecast that the global market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period.
The major factors driving the global supervisory control and data acquisition (SCADA) market are high penetration of supervisory control and data acquisition across various industries. Furthermore, prevalence of SCADA in IT companies and rising demand for development automation in energy sector also fuels the growth of the market.
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The segments of the SCADA market are component, architecture, application and geography. By Component market is segmented into, remote terminal unit (RTU), SCADA communication systems, programmable logic control (PLC), human machine interface (HMI), and others. Architecture segment is further categorized into hardware, software and services. Human machine interface accounted for the largest market share of 33.6% in 2016 followed by programmable logic controller. Furthermore, application segment is further bifurcated into, electric power, oil & gas, food & beverages water & wastewater transportation, chemicals, pharmaceuticals, manufacturing, telecommunication and others.
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Geographically, global SCADA market is categorized into North America, Europe, Asia-Pacific and RoW. RoW is the fastest growing region in the market, primary due to increase in use of SCADA in oil & energy segment. Furthermore, North America accounted for the largest market share of 34.4%.
The Key market players in the global SCADA Market includes Honeywell International, Mitsubishi Electric Corporation, Schneider Electric SE, General Electric, GE Intelligent Platforms, IBM Corporation Hitachi, Ltd., ABB, Siemens AG, and B-SCADA Inc., among others.
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Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."

For information, contact:
VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/
USA Office:
649 Mission St.,
5th Floor, San Francisco,
CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com

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