Advances in Smart Manufacturing Industry Coupled with IoT Integration to Leverage High Revenue Growth in SCADA Market —
Soaring dependence on process automation for improved operational efficiency and time management for on-time delivery of goods and services have leveraged rampant investment strides in SCADA market, primarily to engineer high end defense system to offset challenges of cyberthreats.
Enterprise adoption of highly versatile supervisory control and data acquisition (SCADA) systems to ensure adequate functional outcome have leveraged optimistic growth spurt in SCADA systems market in recent years, and with liklihood of strong growth chances in the coming years, backed by larger reliance on automation.
SCADA systems steer efficient remote access and intensify functional attributes such as data generation, control and management to gauge into active industrial factors as well as customer behavior, interactions and subsequent buying tendencies that are likely to influence a systematic rise in SCADA market in forthcoming years.
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Additional developments in IIoT integration with emergence of industrial 4.0 revolution are anticipated to reflect ample growth in the forthcoming years. In foreseeable future, untapped opportunities in smart manufacturing practices are further expected to coin relentless growth prognosis for superlative business outcome.
Progea Group Acquired by Emerson to Expand SCADA Offerings
As corporate investments towards superlative business outcome continue to accelerate relentlessly, leading market participant Emerson has announced its next big industrial move to acquire Progea Group, best known for its high end services in supervisory control and data acquisition (SCADA) besides human machine interface IIoT offerings.
Matured economies such as North America to sustain its uncompromised lead owing to tremendous mindfulness about the benefits of SCADA offerings, large scale dominance of industry players in the region as well as increasing investments by market participants to ensure smooth growth ride even against odds and competition intensity with major disruptions by novice market entrants seeking seamless penetration in SCADA market.
The global players in SCADA systems market include ABB, Emerson Electric, Siemens, Honeywell International, Omron Corporation, Schneider Electric, and others. Region wise the SCADA systems market is present across North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America, due to the presence of mature market will show a steady growth while South America, due to increasing foreign investment and growing manufacturing industry in Brazil will show lucrative growth during the forecast period. However, Asian countries will also contribute substantially towards SCADA systems market share in the upcoming years as they have a huge potential for the installation of transmission SCADA platforms.
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Segment overview of Global SCADA Market
Component Overview, 2015-2025 (USD Billion)
• Human Machine Interface
• Programmable Logic Controller
• Remote Terminal Unit
• SCADA Communication Systems
Application Overview, 2015-2025 (USD Billion)
• Electrical Power
• Oil & Gas
• Water & Wastewater
• Food & Beverages
Architecture Overview, 2015-2025 (USD Billion
Regional Overview, 2015-2025 (USD Million)
• North America (U.S., Canada)
• Europe (Germany, United Kingdom, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the Word
Some Major Points from Table of Content (TOC):
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. SCADA systems Market Overview, By Components
Chapter 5. SCADA systems Market Overview, By Application
Chapter 6. SCADA systems Market Overview, By Architecture
Chapter 7. SCADA systems Market Overview, By Region
Chapter 8. Company Profiles
What does the report include?
• The study on the global SCADA systems market includes qualitative factors such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the value chain, Porter’s Five Forces’ analysis, PESTEL analysis, and price trend analysis
• The study covers qualitative and quantitative analysis of the market segmented on the basis of components, application, architecture, region (and country).
• Actual market sizes and forecasts have been provided for all the above-mentioned segments
• The study includes the profiles of key players in the market with a significant global and/or regional presence
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