Report Code : A00441
Asia-Pacific region is expected to grow at a highest growth rate, due to increase in deployments of SCADA systems by the emerging nations such as India and China for smart grid procedures and to decrease power transmission and delivery losses.
Rachita Rake
Research Analyst, ICT at AMR
According to a recent report published by Allied Market Research, titled, SCADA Market by Offering and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global SCADA market was valued at $ 27,900 million in 2016, and is projected to reach at $ 41,603 million by 2023, growing at a CAGR of 6.00% from 2017 to 2023. In 2016, the services segment accounted for the highest revenue share in the global market.
Growth in adoption of cloud-based SCADA system, infrastructural development such as smart cities & transportation, and high penetration of mobile SCADA systems drive the growth of the global SCADA market. However, cyber threats and requirement of high investment for setting up a SCADA system hamper the market growth.
The services segment dominated the global market in 2016, and is expected to remain dominant during the forecast period, owing to increased adoption of SCADA as a service by end users.
Based on application, the electrical power segment led the market in 2016, and is projected to maintain its dominance in the future. However, the telecommunication segment is expected to witness the highest growth, owing to increase in demand for industry automation solutions in telecommunication industry.
North America generated the highest revenue in 2016; however, Asia-Pacific segment is anticipated to witness the fastest growth rate during the forecast period.
Some of the key players operating in the SCADA market that are profiled in the report include IBM Corp, Hitachi LTD, Alstom, Honeywell International, ABB LTD, JFE Engineering Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Rockwell Automation, and Schneider Electric.
Talk to David (Europe)
Talk to Sona Padman (Americas)
5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91 2066346060
Fax: +1(855) 550-5975
Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com
Supervisory Control and Data Acquisition (SCADA) Market by Offering (Hardware, Software, and Services) and Application (Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Buy Full Version
"Global SCADA Market"
Purchase Enquiry
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers