The SCADA market is driven mainly by factors such as implementation of SCADA to support high requirements of safety and to reduce distribution & transmission losses. Also, demand for SCADA has increased due to its integration with corporate IT and due to its flexibility with usage of WSN. Further, the deployment of SCADA on private cloud has gained momentum which has boosted the bandwidth requirement and is shifting towards IP based market. SCADA market is estimated to have significant growth during the forecast period. However, some factors that are restraining growth in the market include apprehensions of cyber-attacks, social engineering and physical security of the system.
The report segments the SCADA market on the basis of components, application, architecture, and geography. On the basis of components, the market is segmented as HMI, PLC, RTU, communication system, and others. Based on application, the market is segmented as oil & gas, power, chemicals, transportation, and others. Further, the sub-segments under architecture are software, hardware, and services. Lastly, the market is segmented on the basis of geography into North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, & Africa).
Some of the significant players in the SCADA market that are profiled in the report are IBM Corp, Hitachi LTD, Alstom, Honeywell International, ABB LTD, JFE Engineering Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Rockwell Automation, and Schneider Electric.
POTENTIAL BENEFITS FOR STAKEHOLDERS:
The report gives a broad examination of the present and developing business sector patterns and progression in the global SCADA market
The SCADA market is analyzed for different geographical region such as North America, Europe, Asia-Pacific and LAMEA
In this report region and country wise SCADA industry conditions are analyzed.
The market opportunities are highlighted in this report and provide estimations through quantitative analysis 2014-2020
The report gives out the necessary in-depth information about the drivers, restraints and opportunities
MARKET SEGMENTATION
The SCADA market is segmented on the basis of components, application, architecture, and geography.
GLOBAL SCADA MARKET, BY COMPONENTS
Human Machine Interface (HMI)
Programmable Logic Unit (PLC)
Remote Terminal Unit (RTU)
Communication
Others
GLOBAL SCADA MARKET, BY APPLICATION
Electrical Power
Oil & Gas
Water & waste-water
Manufacturing
Transportation
Telecommunication
Chemicals
Food and beverages
Pharmaceuticals
Others
GLOBAL SCADA MARKET, BY ARCHITECTURE
Software
Hardware
Services
GLOBAL SCADA MARKET, BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Taiwan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED
IBM Corp
Hitachi LTD
Alstom
Honeywell International
ABB LTD
JFE Engineering Corporation
Mitsubishi Electric Corporation
Emerson Electric Co.
Rockwell Automation
Schneider Electric
COMPANIES MENTIONED IN THE REPORT
Movilizer
Ignify Inc.
Bosch Rexroth AG
CGM Group
Table of Contents
Executive Summary
According to a recent report titled, SCADA Market by Offering and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global SCADA market was valued at $ 27,900 million in 2016, and is projected to reach at $ 41,603 million by 2023, growing at a CAGR of 6.00% from 2017 to 2023. In 2016, the services segment accounted for the highest revenue share in the global market.Growth in adoption of cloud-based SCADA system, infrastructural development such as smart cities & transportation, and high penetration of mobile SCADA systems drive the growth of the global SCADA market. However, cyber threats and requirement of high investment for setting up a SCADA system hamper the market growth.
The services segment dominated the global market in 2016, and is expected to remain dominant during the forecast period, owing to increased adoption of SCADA as a service by end users.
Based on application, the electrical power segment led the market in 2016, and is projected to maintain its dominance in the future. However, the telecommunication segment is expected to witness the highest growth, owing to increase in demand for industry automation solutions in telecommunication industry.
North America generated the highest revenue in 2016; however, Asia-Pacific segment is anticipated to witness the fastest growth rate during the forecast period.
Key findings of the SCADA Market:
The services segment is expected to exhibit significant growth in the global SCADA market during the forecast period.
In 2016, the electrical power segment accounted for the highest revenue among the other end user.
North America generated the highest revenue in 2016.
Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Some of the key players operating in the SCADA market that are profiled in the report include IBM Corp, Hitachi LTD, Alstom, Honeywell International, ABB LTD, JFE Engineering Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Rockwell Automation, and Schneider Electric.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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