Global Supervisory Control and Data Acquisition (SCADA) Market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period.
Global supervisory control and data acquisition (SCADA) market is majorly driven by high penetration of SCADA across several industries. Additionally, rising demand for automation in energy sector, prevalence of SCADA in IT companies fuel the growth of the market.
Component, architecture, application and geography are the major segments of global SCADA market. Component segment includes remote terminal unit (RTU), SCADA communication systems, programmable logic control (PLC), human machine interface (HMI), and others. Architecture segment comprises hardware, software and services. Human machine interface held for the largest market share in 2016. Moreover, application segment is further categorized into, electric power, oil & gas, food & beverages water & wastewater transportation, chemicals, pharmaceuticals, manufacturing, telecommunication and others.
North America, Europe, Asia-Pacific and RoW are the key regions covered in the global SCADA market. RoW is the fastest growing region in the market. The growth is attributed to increase in use of SCADA in oil & energy segment. Furthermore, North America accounted for the largest market share of 34.4%.
The Key market players in the global SCADA Market are Honeywell International, Mitsubishi Electric Corporation, General Electric, Schneider Electric SE, GE Intelligent Platforms, IBM Corporation, Hitachi, Ltd., ABB, Siemens AG, and B-SCADA Inc., among others.
About Variant Market Research:
Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, “We would like to grow with you, making your paths simpler yet solidest” and our mission is to “Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves.”
The Co-founders of Variant Market Research: M/S Shweta Shubham and Mr. Yogesh Godse are keen to provide services across aforementioned domains helping them to take their strategic moves regarding their business and providing them the growth opportunities. The Co-founders say, “We believe in providing the future solutions for your business, exploring the current market trends and suggesting you the future strategies and forecast of a particular market that could keep your company ahead in the competitive market rivalry.” We hold expertise in our designated areas of research and consulting with a team of experts from each of the dedicated areas covered under our research. Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic move and take your company’s future ahead with our support and your esteemed cooperation.
For information, contact:
VARIANT MARKET RESEARCH LLP
649 Mission St.,5th Floor, San Francisco,
CA 94105, United States.