Global SCADA Market

   2020-01-06       42        Business
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Global SCADA Market size for global SCADA market, which was valued US$ 9.20 Bn in 2017 and is expected to reach US$ 15.80 Bn by 2026, at a CAGR of 6.99 % during a forecast period.
Global SCADA Market size for global SCADA market, which was valued US$ 9.20 Bn in 2017 and is expected to reach US$ 15.80 Bn by 2026, at a CAGR of 6.99 % during a forecast period. Global SCADA Market SCADA stands for supervisory control and data acquisition. The main purpose of the SCADA system is to monitor and control a plant or equipment in industries such as telecommunications, water and waste control, energy, oil and gas refining and transportation. Increasing adoption of connected devices is one of the key drivers for the growth of the global SCADA market. Small & Medium scale and large enterprises are focusing on implementing cloud, IoT, analytics, and big data to proliferation organization’s efficiency. Data plays a vital role in resourceful growth of the organization and SCADA supports in acquisition and monitoring of the data, which in turn rises adoption of SCADA. Increasing adoption of a cloud-based SCADA system, growing infrastructural development like smart cities & transportation, and high penetration of mobile SCADA systems are expected to drive the growth of the global SCADA market. Furthermore, cyber threats and high investment for setting up a SCADA system are limiting the market Global SCADA Market. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global SCADA market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global SCADA market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. The services segment is expected to hold a major share in the global SCADA market. This growth in the market is accredited to the rising demand for services, which allow supervisory automation control and data acquisition application with better efficiency, high reliability, and greater visualization. Additionally, a growing demand for real-time data acquisition is projected to boost the SCADA market growth. The human-machine-interface segment is expected to grow at a high rate of CAGR during the forecast segment. Increasing technology adoption of Industry 4.0 is resulting in exponentially demand HM. This is also helpful to modify an industrial process by digitizing and centralizing the data. The integration of HMI is helping the operator to analyze important data envisioned with the graph, charts or digital dashboard. Asia Pacific is projected to lead the Global SCADA Market. The leading position in the market can be attributed to the growing adoption of automation and internet of things (IOT) for accessing data from remote locations through mobile devices and growing demand for an upgraded version of SCADA. The government Initiative for the adoption of SCADA for power, and water and wastewater applications is also expected to boost the SCADA Market in this region.

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