According to the MRFR analysis, the SCADA market will have significant growth of 9.80% CAGR. The market value is projected to reach up to USD 21 Billion during the forecast period 2018-2023. SCADA is an acronym that stands for Supervisory Control and Data Acquisition. Driving factors such as the increasing usage of industrial mobility solutions are fueling market expansion. To monitor the manufacturing flow, some sectors have shifted to automated operations. The SCADA system is widely used in companies to secure their systems from cyber-attacks. The SCADA system has shortened the machines required for operational technology and machine technology for increased cyber-security. In the following years, the software segment will increase gradually. Companies’ investments in SCADA systems are also impacting growth. The huge reduction in the oil process has a significant impact on the oil and gas sector.
Furthermore, the lower implementation rate of WNS may impede SCADA Market expansion. The existence of various enterprises and substantial expansion potential in nations such as China, India, Japan, and South Korea are also significantly enhancing market growth. Coronavirus illness has a significant influence on several sectors throughout the world. Global economies suffered significant economic losses as a result of the restrictions. The sickness also put a significant burden on the healthcare industry, causing the market to fall significantly. The market for SCADA systems fell dramatically, and some firms suffered losses. In addition, the supply chain and component manufacturing were severely disrupted. As a result, once the pandemic crisis is under control, the industry will resume significant expansion in the following years.
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Market Segmentation:
By Component: SCADA components are classified as services, solutions, and hardware. Remote Maintenance, Data Management Software, Network System Protection, Building Management systems, and other solutions and services are available. The hardware sub-segments are further subdivided into Remote Terminal Unit 31 (HMI), Industrial Control Systems (ICS), Communication Systems, and others. It is expected that the software system will expand rapidly shortly.
By end-user: The SCADA Market is divided into Power and Energy, Telecommunication, Pharmaceutical, Waste and Water Management, Beverage and Food, Manufacturing, Chemical, and Others.
By deployment: The SCADA system market is divided into two segments: on-cloud and on-premise.
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Some of the major player operating in the market of Global SCADA are ABB (Sweden), Rockwell Automation (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Siemens AG (Germany), Emerson Electric (U.S.), eLynx Technologies (U.S.), Enbase Solutions (U.S.), Globlx (U.S.), Iconics (U.S.), IBM Corporation (U.S.), Mitsubishi Electric Corporation (Japan) among others.
Regional Classification:
North America, Asia-Pacific, Europe, the Middle East, and Africa account for the majority of the SCADA Market Size. According to studies, Asia-Pacific would have the greatest market share over the projection year. This is the fastest-growing manufacturing and technology center, encouraging the development of SCADA applications. The presence of nations such as Japan, China, India, South Korea, Taiwan, and others provides the greatest SCADA solutions. In addition, North America is expected to have a considerable stake in the next years. The availability of improved solutions and the rapid development of technology are critical elements for massive growth.
Industry News:
The leading companies are growing their global footprint through different techniques such as mergers, acquisitions, partnerships, collaborations, and so on. Mitsubishi Electric Corporation, Emerson Electric Corporation, Rockwell Automation Siemens AG, Yokogawa Electric Corporation, Radiflow, Schneider Electric SE, Honeywell Automation, Omron Corporation, Checkpoint Software Technologies, and General Electric are some of the major SCADA competitors.
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Table of content:
1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 Market Structure 16
2.4 List Of Assumptions 17
3 Research Methodology
3.1 Research Process 19
3.2 Primary Research 19
3.3 Secondary Research 20
3.4 Market Size Estimation 21
3.5 Forecast Model 22
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 25
4.2.1 High Demand Of Industrial Mobility Solutions To Manage The Process Remotely 25
4.2.2 Increasing Adoption Of Industry 4.0 Using SCADA 25
4.3 Restraint 26
4.3.1 High Investment Cost 26
4.4 Opportunities 26
4.4.1 Development In Big Data Analytics 26
4.5 Challenges 27
4.5.1 Increasing Cyber-Attacks 27
4.6 Porter’s Five Forces Model 27
4.6.1 Threat Of New Entrants 27
4.6.2 Bargaining Power Of Suppliers 28
4.6.3 Bargaining Power Of Buyers 28
4.6.4 Threat Of Substitutes 28
4.6.5 Intensity Of Rivalry 28
Continued…
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