SCADA Market Overview:
SCADA (Supervisory Control and Data Acquisition) is an automated tool which can supervise, analyze, collect data and generate reports. The global SCADA market is estimated to witness significant growth during the forecast period, owing to growing demand for safety, minimize distribution & transmission loss, and also due to deployment of SCADA data into cloud and integration with corporate IT. The increase in end-user industry applications is also expected to boost the growth; however, factors such as increasing cyber-attacks, management issue with the data generated are likely to hinder the market growth.
On-going advancements in the SCADA due to innovative efforts from the market players has further enhanced the efficiency of the system. The competitive advantages of SCADA over alternative automation devices have also been described in the report. In order to understand the market, drivers, restraints, and opportunities are explained in the report. Further, the key strategies adopted by potential market leaders to facilitate the effective planning have been also discussed under the scope of the report.
Lack of awareness of IT trends is a major limitation for deploying the SCADA system. However, recent product advances can embed easily with the smart-phone and deliver ease of access to all the employees working. Numerous players are stepping in the SCADA market with innovative products. There are no emerging technologies which will be able to replace SCADA system in the coming years. The opportunities in the SCADA market will be due to automation and Internet of Things (IoT) technologies for retail sector.
Some of the significant players in the SCADA market that are profiled in the report are IBM Corp, Hitachi LTD, Alstom, Honeywell International, ABB LTD, JFE Engineering Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Rockwell Automation, and Schneider Electric.
The report segments the SCADA market on the basis of components, application, architecture and geography. On the basis of components, the market is segmented as HMI, PLC, RTU, communication system and others.
Based on application, the market can be segmented as oil & gas, power, chemicals, transportation, and others. Electric power is projected to dominate the market from 2014 to 2022.
On the basis of architecture, the market can be segmented as software, hardware and services. Hardware segment is anticipated to grow at the highest rate during the forecast period 2016-2022.
Geographically, the global SCADA market has been segmented into North America, Asia-Pacific, Europe, and LAMEA. These regions have been further bifurcated into key countries.
Top Factors Impacting the Global Scada Market
Increasing Demand for Automation in Energy Verticals
With the increasing demand for automation in every end user vertical such as oil & gas, power transmission and distribution, there is significant increase in demand for SCADA. In addition to automation, safety of the machinery and data requirement has elevated the demand of SCADA. Thus, automation and safety of machinery and data would fuel the growth of SCADA market in the forecast years.
Growing Demand for Cloud Based Application
Increasing demand for cloud based application is another key factor which is driving growth of SCADA market. Introducing cloud based application with SCADA will help in ease of data access on multiple electronic devices allowing collaboration of multiple users at the same time. Along with these benefits, methods such as pay as per user’s use and increasing the space if required are the factors boosting the demand for SCADA market in forecast period.
Safety and analyzing data are the key drivers of SCADA market. At times, group of hackers hack the system to acquire confidential data of an organization which becomes a threat. This is one of the key reason which holds back the SCADA market growth. Moreover, hackers also modify/delete critical data which makes it problematic for organizations. It has been anticipated that the rate of cyber-attacks has been decreasing. This minimized rate of cyber-attacks is expected to increase efficiency and thereby drive the market in the forecast period.
Top Impacting Factors
- The report gives a broad examination of the present and developing business sector patterns and progression in the global SCADA market.
- Exhaustive examination of the global SCADA market by sort helps in comprehension the sorts of gloves that are at present being utilized alongside the variations that would pick up noticeable quality later.
- SWOT investigation highlights the inner environment of the main organizations for powerful technique definition.
- The SCADA market is analyzed for different geographical region such as North America, Asia-Pacific and others
- In this report region and country wise SCADA market conditions are analyzed.
- The market opportunities are highlighted in this report and provide estimations through quantitative analysis 2014-2020.
- The report gives out the necessary in-depth information about the drivers, restraints and opportunities.
SCADA Market Key Segments
The market is segmented on the basis of components, application, architecture and geography.
- Human Machine Interface (HMI)
- Programmable Logic Unit (PLC)
- Remote Terminal Unit (RTU)
- Electrical Power
- Oil and Gas
- Water & waste-water
- Food and beverages
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players Profiled
- IBM Corp
- Hitachi LTD
- Honeywell International
- ABB LTD
- JFE Engineering Corporation
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Rockwell Automation
- Schneider Electric
Companies Mentioned in the Report
- Ignify Inc.
- Bosch Rexroth AG
- CGM Group