A recent market research report by TMR Research presents a comprehensive account of the global market for supervisory control and data acquisition (SCADA) systems. The report, titled “SCADA Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”
The study on the global SCADA market analyzes the industry by segmenting it on the basis of component, application, architecture, and geographical region. The market, which is integral to a number of industrial sectors, is poised for strong growth. This growth will be brought about by numerous factors, which are discussed in depth in the report. Both current and future market trends are discussed in detail in the report.
The report segments the global SCADA market based on component into remote terminal unit, human machine interface, communication, and programmable logic unit. Based on area of use or application, the global SCADA market is segmented into telecommunication, manufacturing, oil and gas, water and wastewater, electrical power, food and beverages, pharmaceuticals, and chemicals. Based on architecture, the global SCADA market is segmented into services, hardware, and software.
The report is pertinent to industry stakeholders such as manufacturers of SCADA components and modules, installers and integrators of SCADA modules, investors, government agencies, and research companies. A large number of companies from a varied set of industries are increasingly realizing the necessity of SCADA systems for the proper functioning of internal operations, cost reductions, safety assurance at organizational levels. Keeping this in view, the report endeavors to answer all the important questions related to the SCADA market and offer definitive forecasts and estimates from 2017 to 2025.
The market is expected to be driven due to the increased demand for SCADA systems in industries such as power, water and wastewater treatment, electrical and electronics, automotive, chemical, and petrochemical. The vast technological developments in the field of SCADA systems in the past few years are also expected to further drive the global SCADA market. The market is also benefitting from the vast rise in demand for mobile monitoring and big data analytics in the past few years.
The rising integration of SCADA systems is helping the industrial sector bring down the chances of errors, thus accelerating their decision-making capability and enhancing profitability. Moreover, the use of SCADA for identifying potential errors in internal systems through predictive modeling, forecasting, and statistical analysis is also gaining prominence in the overall market. These factors are also compelling the increased usage of SCADA systems across a number of industries.
The research report provides a detailed and clear evaluation of the competitive landscape of the global SCADA market, profiling some of the leading companies in the market on the basis of regional and industry segments. The global SCADA market report includes a detailed section covering some of the crucial aspects of the competitive landscape of the market and presents an overview of aspects such as recent developments, introduction of innovative products, market size, leading contributors in terms of technological advancements and new products, growth prospects, and business strategies adopted by leading vendors.
It has been observed that the vendor landscape of the market is fairly consolidated and largely competitive. Some of the leading companies operating in the global SCADA market are ABB Ltd., Siemens AG, Emerson Electric Co., Honey well International Inc., Schneider Electric SE, and Rockwell Automation Inc.