SCADA Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
SCADA Software Market Growth and Trends
The Supervisory control and data acquisition market or the SCADA market held a market value of US$ 30 billion in 2019 and is expected to grow at a CAGR of 7.5% from 2020 to 2026. The increasing industrialization is a major growth factor of the SCADA market.
The rising demand for industrial mobility solutions is propelling the growth of the SCADA market. The increased adoption of Industry 4.0 is positively affecting the growth of the SCADA market. The increased use of software technologies, edge computing, and integration of the Internet of Things (IoT) is fueling the growth of the SCADA market.
The remote terminal units are projected to be the largest contributor to the SCADA market. The rising demand for low-cost controllers is elevating the growth of the RTU sector in the SCADA market. The gas and oil industry is expected to comprise a large market share in the SCADA market by 2026. The increasing trend of automation globally is influencing the growth of the SCADA market. The need for high-quality products and services is also improving the growth of the SCADA market. The need to increase the production rates to meet the demands of the supply chains raises the use of the SCADA systems.
The growing manufacturing sector globally is another growth factor for the SCADA market. The demand to reduce manual labour and to prevent personnel errors is also increasing the demand for the SCADA. The high demands in improving the efficiency of power transmissions and distributions have equally increased the demand for the SCADA. The emerging wireless sensor networks have increased the demand for SCADA. The development of smart cities will additionally support the demand and growth of the SCADA market. The rising investments in the smart grid projects are fueling the SCADA market.
The constant developments and continuous innovation in the technology of the SCADA systems promise a bright future for the model. Several Governments are proposing initiatives in the growth of the manufacturing sector which utilizes SCADA technology.
SCADA Software Industry Regional Analysis
SCADA Software Market Research Report Scope/Definition
SCADA Software Market Share and Competition Key companies operating in this industry are: Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Rockwell Automation (US), while other major players in this market include General Electric (US), Honeywell International (US), Yokogawa Electric (Japan), and OMRON (Japan).
SCADA Software Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Component Type Analysis (Revenue, USD Million, 2021 - 2028)
• Programmable Logic Controller (PLC)
• Remote Terminal Unit (RTU)
• Human-Machine Interface (HMI)
• Communication System
Architecture Size Analysis (Revenue, USD Million, 2021 - 2028)
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Oil & Gas
• Water and Wastewater
• Food & Beverages
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
SCADA Software Industry Companies
• Schneider Electric (France),
• ABB (Switzerland),
• Siemens (Germany),
• Emerson Electric (US),
• Rockwell Automation (US),
• General Electric (US),
• Honeywell International (US),
• Yokogawa Electric (Japan),
• OMRON (Japan).
Available Versions of SCADA Software Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report