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SCADA Market registering a CAGR of 8.10% forecast to 2029 by Offering, Component, Deployment Type, End User
The continuous advancements in SCADA owing to the efforts made by market players has increa...View MoreSCADA Market registering a CAGR of 8.10% forecast to 2029 by Offering, Component, Deployment Type, End User
The continuous advancements in SCADA owing to the efforts made by market players has increased the efficiency of these systems. Global Supervisory Control and Data Acquisition (SCADA) Market was valued at USD 9.30 billion in 2021 and is expected to reach USD 17.34 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029.
The significant SCADA market report carries out an evaluation of the growth rate and the market value of SCADA industry based on market dynamics and growth inducing factors. Thorough market analysis covered in this business report by skilled experts gives every bit of knowledge which is imperative to design and align with current market scenarios. This market research report is one-stop archive for in-depth knowledge of market analytics aggregated by a broad rundown of distributors from over the globe. Moreover, for the businesses, it is the most important to get knowhow of consumer’s demands, preferences, attitudes and their changing tastes about the specific product which can be studied via the winning SCADA marketing report.
An excellent SCADA market survey report is prepared with the detailed market analysis performed by a team of industry experts, skilful analysts, dynamic forecasters and knowledgeable researchers. With the specific base year and the historic year, estimations and calculations are performed in the report. The report incorporates well-researched data sources that empower clients to focus upon current market opportunities and shield against credible dangers predominant in the market in the ebb and flow situation. Businesses can accomplish an unmatched insights and expertise of the best market opportunities into their relevant markets with the help of SCADA market research document.
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Supervisory Control and Data Acquisition (SCADA) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
• Surge in Number of Smart Buildings
Integration with Advanced Technologies
Industry 4.0
Opportunities
Furthermore, increase in number of developments in wireless sensor networks and their adoption in SCADA and use of 5G technology in industrial environments and big data analytics in SCADA systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, shift in preference for cloud-based over on-premises SCADA systems will further expand the market.
Restraints/Challenges
On the other hand, high capital requirement for installation and maintenance of these systems and anticipated decline in the oil prices are expected to obstruct market growth. Also, vulnerability to cyber-attacks is projected to challenge the supervisory control and data acquisition (SCADA) market in the forecast period of 2022-2029.
Key Players: Global SCADA Market
ABB (Switzerland), Schneider Electric (France), GENERAL ELECTRIC (US), Capula Ltd. (UK), Emerson Electric Co. (US), Rockwell Automation Inc. (US), Siemens (Germany), OMRON corporation (Germany), Yokogawa Electric Corporation (Japan), Progea srl (Italy), Willowglen Systems (Canada), TOSHIBA CORPORATION (Japan), Mitsubishi Electric Corporation (Japan), Fuji Electric Co. Ltd. (Japan), Hitachi Ltd. (Japan), Azbil Corporation (Japan), ELYNX TECHNOLOGIES LLC (US), Schweitzer Engineering Laboratories Inc. (US), Inductive Automation LLC (US), Valmet (Finland), Enbase LLC, Ing. (US), Punzenberger COPA-DATA GmbH (Austria)
MAJOR TOC OF THE REPORT
Chapter One: SCADA Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global SCADA Market Competition, by Players
Chapter Four: Global SCADA Market Size by Offering (Hardware, Software, Services)
Chapter Five: Global SCADA Market Revenue by Component (Human-Machine Interface, Remote Terminal Unit, Programmable Logic Controller, Communication System, Others)
Chapter Six: Global SCADA Market Revenue by Deployment Type (On-Premise, Cloud)
Chapter Seven: Global SCADA Market Revenue by End User (Process Industry, Discrete Manufacturing, Utilities)
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