SCADA Market – By Component (Programmable Logic Controller [PLC], Remote Terminal Unit, Human-Machine Interface, And Communication Systems), Architecture (Hardware And Software Services), By Industry (Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, And Others), And By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

SCADA Market accounted 35307.60 million USD in 2020 and is expected to reach 62047.591 million USD by 2030 with a CAGR of 5.8% during the forecast period. SCADA is a Supervisory Control and Data Acquisition system, this system consists of software and hardware element, which allows enterprises or organizations to control the industrial process locally and remotely. It also enables the user to monitor, gather, and process real-time data. In addition to this, it enables direct interaction with devices which includes sensors, valves, pumps, motors, and others with the use of human-machine interface (HMI) software. SCADA can record all the events into a log file which is also a useful function for the organizations. SCADA system is very crucial for the organization as it helps them to maintain efficiency, better data processing, it also helps to make a smarter decision and provide reduced downtime with the use of communication within the system. With all the above advantages SCADA is popular in industrial use and infrastructural developments such as smart cities, The European government decided to develop 300 smart cities by 2020. According to the World Economic Forum Organisation by 2035 around 10-15% of jobs in three sectors which include manufacturing, wholesale & retail trade, and transportation & storage will have a high potential of automation. 

Market Segmentation:

On the basis of the component, the market is segmented into Programmable Logic Controller, Remote Terminal Unit, human-machine interface, and communication systems. On the basis of architecture, the market is segmented into hardware and software services. On the basis of industry, the market is segmented into electrical power, oil and gas, water & wastewater, transportation, manufacturing, telecommunication, chemicals, food & beverages, pharmaceuticals, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.  

Market Dynamics and Factors:

Growing automation in all industries across the world is one of the major factors for the growth of the market. Growth in popularity of enhanced automotive technology is also a supporting factor. In addition to this, the utilization of the concept of smart city and infrastructural developments in Europe and Asian countries are also driving the market of the SCADA system. Efficient local and remote control of the system is the main supporting factor of the system. An increase in the investment of the government in R&D activities further drives the market. However, the major restraining factors of the market are the high initial cost for the installation of the system and security concerns related to SCADA.

Geographic Analysis:

North America has dominated the market owing to technological advancement and early adaptation of the automation in the industrial area along with development in the infrastructure. Asia Pacific is expected to lead the market in the forecast period due to growing urbanization and industrialization in the region. In addition to this, growing automation in process improvement and electric utility in the growing economical countries such as India, China, and others. Europe is also expected to experience steady growth in the upcoming years. Infrastructural development and growing automation in Europe are the supporting factors for growth. The Middle East and Africa will experience steady growth with the adaptation of the enhanced automotive technology in the region.

Competitive Scenario:

Key players of the SCADA market include Schneider Electric SE (France), Checkpoint Software Technologies Ltd (Israel), Rockwell Automation (US), Emerson Electric Corporation (US), Siemens AG (Germany), Honeywell Automation (US), Mitsubishi Electric Corporation (Japan), Yokogawa Electric Corporation (Japan), Omron Corporation (Japan), General Electric (US) and Radiflow (US).

SCADA Market Report Scope