PUBLISHER: Allied Market Research | PRODUCT CODE: 1344544
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344544
According to a new report published by Allied Market Research, titled, "Supervisory Control and Data Acquisition (SCADA) Market," The supervisory control and data acquisition (scada) market was valued at $9.5 billion in 2022, and is estimated to reach $26.6 billion by 2032, growing at a CAGR of 11.2% from 2023 to 2032.
Increase in penetration of mobile SCADA system and surging trend of industry 4.0 across manufacturing and processing industries is boosting the growth of the global market. In addition, Rapid growth in utilization of cloud computing technology positively impacts growth of the SCADA market. However, huge investment costs for insertion and sustentation of SCADA systems and escalating cyberattacks in the industrial networks are hampering the market growth. On the contrary, increasing advancements in wireless sensor networks is expected to offer remunerative opportunities for expansion of the SCADA market during the forecast period.
The supervisory control and data acquisition (SCADA) market is segmented on the basis of offering, component, deployment type, application, and region. On the basis of offering, the market is categorized into hardware, software and services. On the basis of component, the market is fragmented into human machine interface (HMI), remote terminal unit (RTU), programmable logic controller (PLC), communication system, and others. By end-user, it is classified into process industries, discrete manufacturing, and utilities. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the supervisory control and data acquisition (SCADA) market are ABB Ltd., Alstom SA, Emerson Electric Co., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Rockwell Automation Inc., Schneider Electric SE, JFE Engineering Corporation, and Mitsubishi Electric Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.