Global SCADA Market size is projected to be valued $48 Billion by 2024; with a CAGR of 5.6% from 2017 to 2025. SCADA, an acronym for supervisory control and data acquisition, is a category of software application program for process control, the gathering of data in real time from remote locations in order to control equipment and conditions. A SCADA is a system of software and hardware elements which works by operating with signals that communicate via channels to provide the user with remote controls of any equipment in a given system. It also implements a distributed database, or tag database, that contains tags or points throughout the plant. The SCADA system software distributes, processes, and displays the data, helping users to analyze the data and make important decisions and also able to notify the user of an issue helps him to resolve it and prevent further loss of product.
Technological developments and penetration of SCADA in various sectors are boosting the growth of the global SCADA market. Moreover, rising demand for process automation in different energy verticals and integration of SCADA with IT corporates are also expected to fuel the growth of the market. However, cyber security may hinder the growth of the market. Furthermore, opportunities from various small enterprises from emerging economies and cloud-based SCADA would provide growth in the upcoming years.
The global SCADA market is segmented based on the component, architecture, application and geography. Component segment is further segmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic control (PLC), SCADA communication systems and others. Architecture segment can be bifurcated into hardware, software and services. Furthermore, application segment includes transportation, electric power, water & wastewater, oil & gas, manufacturing, food & beverages, telecommunication, pharmaceuticals, chemicals, and others.
The global SCADA market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). The U.S., Mexico and Canada are covered under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. ROW covers South America, Middle East and Africa.
Major companies operating in the global SCADA market are Mitsubishi Electric Corporation, Hitachi, Ltd., IBM Corporation, Honeywell International, General Electric, ABB, GE Intelligent Platforms, B-SCADA Inc., Schneider Electric SE, and Siemens AG, among others.
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Scope of SCADA Market