SCADA Market is expected to reach USD 15 billion by 2023

Pune, India, May, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on Global SCADA Market.

Market Highlights

SCADA is an automation tool which collects and supervises data. Global SCADA market is expected to show significant growth through the forecast period. Increase in demand for automation among various industry verticals, rise in the Internet of things, demand for remote control of operations are the factors that are driving the global SCADA market. Furthermore, increasing investments in research and development, entry of new market players to provide innovative SCADA solutions, government support to adopt SCADA solutions among industries are a few fuelling factors of the market growth.

The market for global SCADA market is segmented into component, architecture, deployment, end-users, and region. High initial costs and data privacy are hindering the market growth.

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Regional Analysis

Globally, Asia Pacific holds a major market share and is expected to grow at rapid rate through the forecast period. Adoption of industry automation across various industry verticals in the developing countries such as India and China are driving the market growth in the region. Attivo Networks, a global leader of cyber security solutions in Defense, is going to expand their foot print in the Asia Pacific region through Singtel Innov8, a venture capital funding organization based in Singapore. The company targets to increase their sales, marketing and expand their customer support operations for their products like SCADA, data centers and many more.

North America is expected to have the second largest market share in global SCADA market. Owing to the presence of major players in the region, being technically advanced region, and increasing demand from power sector, oil & gas and various other industries are driving the market in this region. Quorum Software, a global leader in software technology, has developed and upstream software for oil & gas industry which delivers modern energy workplace solutions.

Some of the major player operating in the market of Global SCADA are ABB (Sweden), Rockwell Automation (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Siemens AG (Germany), Emerson Electric (U.S.), eLynx Technologies (U.S.), Enbase Solutions (U.S.), Globlx (U.S.), Iconics (U.S.), IBM Corporation (U.S.), Mitsubishi Electric Corporation (Japan) among others.