29 April 2021
The new report the Supervisory Control and Data Acquisition (SCADA) Market Report to 2031: Forecasts by Component (Remote Terminal Unit (RTU), Programmable Logic Controller (PLC), Human-Machine Interface (HMI), Communication System, and Others), Offering (Hardware, Software, and Service), Industry (Oil & Gas, Power, Water & Wastewater, Transportation, Manufacturing, Chemical, Food & Beverage, and Others), by Region, Country, and Profiles of Leading Companies indicates that the global SCADA market will see $ XX bn in spending in 2020.
The lead analyst of the report said: "the SCADA market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of the SCADA."
High demand for industrial mobility solutions to efficiently manage process industries, increased adoption of Industry 4.0 in process industries, and increased use of software platforms such as IoT and edge computing are main drivers for the growth of the SCADA market over the forecast period. Additionally, the rising integration of industry 4.0 technologies, including Industrial IoT (IIoT) and the cloud, primarily drives the SCADA industry growth. Several industries in the global market have already deployed the SCADA technology to control and maintain machines across worksites and further collect data about the machine's operations to improve machine efficiency & productivity. The emergence of wireless sensor networks and its integration with SCADA technology is expected to open new market opportunities.
The growing manufacturing sector, mainly in Asia Pacific and North America, supports the adoption of automation and smart technologies. Increasing the government's focus on smart cities' development will support SCADA market demand over the forecast period. The primary factor challenging market growth is a high capital investment to install and maintain these systems. The need for skilled operators, programmers, and analysts to keep the system due to its complex architecture is also hampering industry growth.
COVID-19 pandemic has enhanced the integration of digitalization technologies in manufacturing facilities worldwide. Also, the growing IoT applications, digital transformation, and AI demand for software platforms are expected to reduce the direct virus impact and partially improve the growth of the SCADA in the global market post-pandemic and during the forecast period.
The XX page report contains 145 tables and 269 graphs that add visual analysis in order to explain developing trends within the SCADA market. The report provides $ XX bn forecasts during the forecast period 2021-2031 for the SCADA submarkets, namely by offering, i.e., hardware, software, and service.
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies' chapter covering more than 15 companies leading the field in the SCADA.
The global SCADA market 2021-2031 report will be of value to anyone who wants to understand better the SCADA market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical aspect of the SCADA industry.
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