The global SCADA market size is expected to reach $ 15.1 Billion by 2028 growing at the CAGR of 7.35% from 2021 to 2028. SCADA is a software system that allows industrial organizations to collect, process, and monitor real-time data. There are many different ways to do this but there is one main option that uses a centralized computer system and distributed network of wireless nodes that transmit data to it, or vice versa. The SCADA system has a great deal of functionality that allows industrial organizations to deal with all of their servers, and control and monitor both machines and networks as well as manage the whole infrastructure.
|Market Size (2019)||$ 8.3 Billion|
|CAGR (2021 to 2028)||7.35%|
|Market Classification||Offering, Component, End-User|
|Key Companies Profiled||IBM Corp, Hitachi LTD, Alstom, Honeywell International, ABB LTD, JFE Engineering Corporation, Mitsubishi Electric Corporation, Emerson Electric Co, Rockwell Automation, Schneider Electricc|
|Key Countries/Regions Analyzed||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2022 to 2028|
The factors driving the growth of the global SCADA market include the increasing demand for SCADA software in the energy sector and the rise in the number of smart devices and their interconnectivity. Furthermore, there is an increase in demand for industrial robots growing the market
- Rising demand for SCADA in the energy industry
The major factor driving the growth of the SCADA market is the rising demand for SCADA software in the energy industry. The energy industry is one of the most rapidly-growing industries in the world. This is due to the growing need for clean energy and the development of smart grids. In the past 10 years, there has been a huge increase in the adoption of SCADA systems in the energy industry. Organizations all over the world are updating their energy infrastructure to ensure that there are no outages or downtime for their energy users.
- Increased number of smart devices
The major driver of the SCADA market is the increased number of smart devices and their interconnectivity. Smart devices powered by IoT are changing the way we interact with the environment. There is a rise in the number of connected industrial devices and the demand for SCADA systems that can handle the increasing load is increasing. Thus, the rising use of SCADA systems for handling various industrial devices is the major factor driving the market.
The main factor that has restrained the growth of the SCADA market is the lack of innovations and technological breakthroughs in recent times. Furthermore, the risk of cyberattacks is also a huge concern for the SCADA system.
Key Insight in the report:
The Global SCADA market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.
The report covers extensive competitive intelligence which includes the following data points:
- Business Overview
- Business Model
- Financial Data
- Financial – Existing
- Financial – Funding
- Product Segment Analysis and specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
SCADA Market Segmentation
The report covers market sizing and forecasting at the country level as well as at the segment level. SCADA Market is analyzed across the below-mentioned different segments:
- Human Machine Interface (HMI)
- Remote Terminal Unit (RTU)
- Programmable Logic Controller (PLC)
- Process Industry
- Discrete Manufacturing
The Asia Pacific region holds the largest measure of the SCADA market and is anticipated to retain the dominant position over the coming years. The high growth rate of the SCADA market in this region is attributed to the huge infrastructural development. In addition to this, the rapidly growing oil and gas, and chemical industry in this region is estimated to boost the SCADA market growth.
The Global SCADA Market is analyzed across the below-mentioned region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
SCADA Market Players:
Some of the key players in the SCADA market include:
- IBM CORP
- HITACHI LTD
- HONEYWELL INTERNATIONAL
- ABB LTD.
- JFE ENGINEERING CORPORATION
- MITSUBISHI ELECTRIC CORPORATION
- EMERSON ELECTRIC CO.
- ROCKWELL AUTOMATION
- SCHNEIDER ELECTRIC
REPORT CONTENT BRIEF:
- High-level analysis of the current and future SCADA market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- SCADA market historical market size for the year 2020, and forecast from 2021 to 2028
- SCADA market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.