SCADA has witnessed significant adoption during the forecast period, owing to increasing demand for SCADA in process automation, which aids in reducing operational cost. Furthermore, benefits offered by SCADA such as reduction in output defects, decline in production cost, and real-time detection of faults in machinery among others are fueling growth of SCADA market over the forecast period.
The global supervisory control and data acquisition (SCADA) market growth is attributed to rising adoption of cloud-based SCADA system, increasing infrastructural development in terms of smart cities & transportation, and high penetration of mobile SCADA systems. For instance, on January 2018, government of Canada unveiled 20 final cities for US$ 300 million smart city mission and is expected to invest US$ 0.25 million for each city in order to build efficient and effective city management solution and infrastructure. Thus, increasing infrastructure development is majorly fueling the market growth. In addition to this, growth of manufacturing hubs in countries such as China, India, Brazil, and others owing to their economic growth is fueling demand for automated system such as SCADA. For instance, according to statistics published by India Brand Equity Foundation (IBEF), Indian manufacturing industry’s gross value added (GVA) at basic price of US$ 347.18 billion in year 2017 up from US$ 323.27 billion in year 2016. Thus, increasing GVA of manufacturing industry is fueling the growth of SCADA market. Moreover, growing R&D wireless sensor network in SCADA and rising big data analytics is expected to increase efficiency of SCADA thereby, providing lucrative growth opportunity. However, high initial investment for setting up SCADA system and rising cyber threat is expected to hinder the market growth.
Key features of the study:
- This report provides in-depth analysis of supervisory control and data acquisition (SCADA) market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players It profiles leading players in the global supervisory control and data acquisition (SCADA) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, supervisory control and data acquisition (SCADA) market capital, key developments, strategies, and future plans Companies covered as part of this study include Alstom, IBM Corporation, Honeywell International, Hitachi, Ltd, Emerson Electric Co., ABB Ltd, Rockwell Automation, JFE Engineering Corporation, Schneider Electric, and Mitsubishi Electric Corporation. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics The global supervisory control and data acquisition (SCADA)market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global supervisory control and data acquisition (SCADA) market