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Global SCADA Market Growing at a CAGR of 7.2% by focusing on Top Companies, Trends, Growth Factors and Forecasts 2024
Global SCADA Market Growth Factors and Forecasts 2024
The Global SCADA Market accounted for USD 9.34 billion in 2016 growing at a CAGR of 7.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global SCADA Market
SCADA is an acronym for supervisory control and data acquisition. SCADA generally refers to an industrial computer system that monitors and controls a process. It monitors, gathers, and processes real-time data, record events into a log file, and others. It has its wide application in oil & gas, power, water & wastewater, transportation, telecommunications, pharmaceuticals, chemicals, manufacturing, food & beverages. Increasing infrastructure development in terms of smart cities and transportation may act as a major driver in the growth of SCADA market. On the other side, declining and fluctuating oil and gas price may hamper the market.
Major Market Drivers & Restraints: Global SCADA Market
• Increasing Demand for Industrial Mobility for Remotely Managing the Process Industry
• Increasing Infrastructure Development in Terms of Smart Cities and Transportation
• Increasing Adoption of Cloud Computing in SCADA System
• Rising Adoption of Industry 4.0 Using SCADA System
• High Investment for Setting Up of SCADA System
• Declining and Fluctuating Oil & Gas Prices
The global terminal automation market is segmented on the basis of component, architecture, application and geography.
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The global SCADA market is segmented on the basis of component into human machine interface, remote terminal unit, programmable logic controller, and communication system. The communication system segment is further segmented into wired communication system, and wireless communication system.
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On the basis of Architecture, the global SCADA market is segmented into hardware architecture, software architecture, and services.
On the basis of application, the global SCADA market is segmented into oil & gas, power, water & wastewater, transportation, telecommunications, pharmaceuticals, chemicals, manufacturing, food & beverages, and others. The waste & wastewater segment is further segmented into water 4.0. The transportation segment is further segmented into traffic signals, and mass transit and railway traction.
On the basis of geography, the global SCADA market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The Global SCADA Market Report includes detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Some of the major players of the global SCADA market are ABB, Schneider Electric SE, General Electric Co., Cameron Solution Inc., Capula Ltd and others.
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Research Methodology: Global SCADA Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.
Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales In Terms Of Hardware, Software, And Services Availed, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.
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