Market Overview –
The MRFR study predicts that now the global supervisory control and data acquisition market systems will expand at a CAGR of 7% over the next few years. Supervisory Control and Data Acquisition describes what this system does. The increasing need for industrial mobility solutions is one factor propelling the industry forward. A number of sectors have adoptee automate techniques to keep tabs on manufacturing. The SCADA system has been widely adoptee by industries as a means of defending their infrastructure from cyberattacks.
In the years to come, the software industry as a whole is expects to expand slowly. The oil and gas sector has been hit hard by the sharp drop in production. The SCADA Market could be stunts by the low WNS adoption rate. It is expects that Asia-Pacific would account for the highest share of the SCADA market over the anticipate time frame
COVID-19 Analysis –
The Coronavirus pandemic severely impacte many global sectors. Several businesses were wipe out as demand for SCADA systems plummet. Massive disruptions occurre in the production of components and the supply chain as well. If the pandemic can be container, the economy will recover quickly in the years to come.
Market Dynamics –
Power plants, oil and gas refineries, transportation, water and waste control, and telecommunications are just few of the many industries that put SCADA to good use. Growing cyber-attacks and prohibitive costs may slow the SCADA business. Over the projection period, the SCADA market is predicate to benefit from rising R&D spending and widespread use of wireless sensor networks, both of which are projects to generate profitable prospects.
Market Analysis and Size –
In 2021, the global market for supervisory control and data acquisition (SCADA) was worth $9.30 billion. By 2029, that number is predicate to rise to $17.34 billion, for a compound annual growth rate (CAGR) of 8.10 percent. Given the widespread need for software, the service provisioning sector is predicter to expand rapidly. The Data Bridge Market Research team has compile a comprehensive market study that delves deeply into the industry’s experts, import/export data, pricing, production, consumption, and pestle analysis.
Recent Developments –
One of the leading providers of plant analytics, IIoT, HMI, and SCADA solutions, Progea Group (Italy) was acquire by Emerson Electric in October 2020. By acquiring Progea, Emerson is able to expand its embedder software and control offerings with the company’s expertise in analytics, industrial visualisation, and IIoT.
Read more articles – What role does Customer Due Diligence services play for FinServ?
Schneider Electric release the next generation of EcoStruxure Power in August 2020. This Internet of Things (IoT)-enable platform digitally optimizes and simplifies electrical distribution networks to make them safer, smarter, and faster. Avnet Data Security (Israel), a provider of cybersecurity services, was bought by Rockwell Automation in January 2020.
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Competitive Landscape –
The competitive landscape of the supervisory control and data acquisition (SCADA) industry is broken down each player in great detail. Information about these companies was only provide insofar as it was pertinent to the supervisory control and data acquisition (SCADA) sector.
Select Competitors –
AVEVA Group plc
Emerson Electric Co
Mitsubishi Electric Factory Automation
Rockwell Automation, Inc
Toshiba Infrastructure Systems & Solutions Corporation
Willowglen Systems Inc
By Type –
By Application –
Oil & Gas
Automotive & Transportation
Food & Beverages
Water & Wastewater
By Region –
Middle East & Africa