The global SCADA market was valued at US$ 29.24 billion in 2017 and is expected to increase to US$ 47.14 billion by 2026, registering a CAGR of 5.5% over the forecast period from 2018 to 2026, according to SCADA Market Report, by Offering Type (Hardware, Software, and Services), by Component Type (Human-Machine Interface, Communication System, Remote Terminal Units, and Others), by Applications (Oil & Gas, Automotive & Transport, Electric Power, Food & Beverages, Manufacturing, Pharmaceuticals, and Water & Waste Water Management), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.
Significant growth in sectors such as oil and gas, automotive and transport, electric power, food and beverages, and water and waste water is expected to contribute to growth of the global SCADA market. These solutions enable enterprises to automate their business operations, offer remote and better control over processes, and help in data acquisition and monitoring, which aids to enhance overall business performance. Moreover, these technologies help industries to enhance human-machine interface (HMI). HMI is a part of SCADA, which communicates with programmable logic controllers (PLC) or I/O sensors to generate and display data on the screen.
Furthermore, SCADA consists of a component called communication system, which is utilized for transferring data to different units. Communication system also aids in establishing remote control over the processes. Therefore, enterprises are focusing on implementing SCADA to track and gather data and efficiently manage operational issues. Therefore, all these factors are expected to propel growth of the SCADA market over the forecast period.
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Browse 150 market data tables* and 90 figures* on “Supervisory Control and Data Acquisition (SCADA)” - Global forecast to 2026.
Key Trends and Analysis of the Global SCADA Software Market:
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