Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.67 Billion | USD 28.60 Billion | 11.58% | 2023 |
According to Zion Market Research, the global Supervisory Control and Data Acquisition (SCADA) Market was worth USD 10.67 Billion in 2023. The market is forecast to reach USD 28.60 Billion by 2032, growing at a compound annual growth rate (CAGR) of 11.58% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Supervisory Control and Data Acquisition (SCADA) Market industry over the next decade.
SCADA is the systems of hardware and software used for automation largely by industries such as power, water & wastewater management, and oil & gas. SCADA has feature such as capturing data from the distant area devices and allowing the central computer to monitor and control the processes from a particular location is likely to witness an expansion in their applications in the industry. It offers great help as a monitoring system, and enables real time data, and to control industrial processes locally or at remote locations.
The players are focusing aggressively on innovation, as well as on including advanced technologies in their existing Architectures. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development. For instance, Aveva Plc has entered into a partnership with Virsec as per which former’s customers will get access to the latter’s patented SCADA technology. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development.
Escalating funding required for infrastructural growth to boost renewable energy generation will impel supervisory control and data acquisition market. Apart from this, rising demand for automation across myriad industries and rapid modernization of factories are likely to support the global supervisory control and data acquisition market.
The cyber security acting as a key restraint for supervisory control and data acquisition market, however, is likely to impede the market growth over the next few years. Nevertheless, emerging business across the developing regions such as China and India is anticipated to produce lucrative avenues for key players, normalizing the impact of hindrances on the supervisory control and data acquisition market.
On the basis of Architecture, the global Supervisory Control and Data Acquisition (SCADA) market is segmented into Hardware, Software, and Services. Hardware market segment held the largest market share due to huge demand across the globe.
On the basis of Components, Supervisory Control And Data Acquisition (SCADA) market is segmented into Programmable Logic Controller (PLC), Remote Terminal Units (RTU’s) and SCADA Communication System. Programmable Logic Controller (PLC) segment is estimated to account for the largest Supervisory Control And Data Acquisition (SCADA) market shares among all the Components. This is attributed to its increasing use across various verticals of industry.
On the basis of Application, Supervisory Control And Data Acquisition (SCADA) market is segmented into Oil & Gas, Electrical Power, Water & Wastewater Application, Transportation and Manufacturing. Electrical Power segment held the largest market share due to huge demand across the globe for the growth of Supervisory Control And Data Acquisition (SCADA) market.
Report Attributes | Report Details |
---|---|
Report Name | Supervisory Control and Data Acquisition (SCADA) Market |
Market Size in 2023 | USD 10.67 Billion |
Market Forecast in 2032 | USD 28.60 Billion |
Growth Rate | CAGR of 11.58% |
Number of Pages | 125 |
Key Companies Covered | operating in the Supervisory Control And Data Acquisition (SCADA) market Honeywell International, Inc., Siemens AG, Emerson Electric Co., Alstom SA,ABB Ltd., Rockwell Automation, Omron Corp., Schneider Electric and amongst others. |
Segments Covered | By Architecture, By Components, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America has been leading the worldwide supervisory control and data acquisition market and is anticipated to continue on the dominant position in the years to come, states the market study. The dominance is mainly credited to acceptance of modern technology and funding of SCADA technology. Furthermore, the U.S. was the key contributor towards North America supervisory control and data acquisition market in 2020, and is predicted to be the major regional revenue pocket.
The high number of market players being headquartered in North America is another significant factor that is supporting this regional market. For the record, North America contributed more than 30% towards overall supervisory control and data acquisition market revenue in 2024.
The major players operating in the Supervisory Control And Data Acquisition (SCADA) market
By Architecture
By Components
By Application
By Region
FrequentlyAsked Questions
According to Zion Market Research, the global Supervisory Control and Data Acquisition (SCADA) Market was worth USD 10.67 Billion in 2023. The market is forecast to reach USD 28.60 Billion by 2032.
According to Zion Market Research, the global Supervisory Control and Data Acquisition (SCADA) Market a compound annual growth rate (CAGR) of 11.58% during the forecast period 2024-2032.
Major driving factors for the growth of Supervisory Control And Data Acquisition (SCADA) market are Escalating funding required for infrastructural growth, and rising demand for automation across myriad industries and rapid modernization of factories.
North America has been leading the worldwide supervisory control and data acquisition market and is anticipated to continue on the dominant position in the years to come, states the market study. The dominance is mainly credited to acceptance of modern technology and funding of SCADA technology.
The major players operating in the Supervisory Control And Data Acquisition (SCADA) market are Honeywell International, Inc., Siemens AG, Emerson Electric Co., Alstom SA,ABB Ltd., Rockwell Automation, Omron Corp., Schneider Electric and amongst others.
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