SCADA Global Market Report 2024

The scada market size has grown strongly in recent years. It will grow from $11.87 billion in 2023 to $12.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion during the historical period can be ascribed to the needs of industrial automation, critical infrastructure monitoring, efficiency and productivity gains, regulatory compliance requirements, and enhanced operational visibility.

The scada market size is expected to see strong growth in the next few years. It will grow to $17.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The anticipated growth in the forecast period can be linked to the integration with IoT and big data analytics, a focus on cybersecurity measures, the expansion of renewable energy, smart city initiatives, and the demands for remote monitoring and control. Significant trends expected in the forecast period involve mobile SCADA applications, an emphasis on open standards, the integration of renewable energy, and advancements in remote monitoring and control, particularly in water and wastewater management.

The SCADA market is poised for growth due to the expansion of the oil and gas sector. SCADA (Supervisory Control and Data Acquisition) software plays a crucial role in monitoring and controlling pipelines, measuring remote gas well production, and optimizing asset performance. The World Oil Outlook report by OPEC projects a 23% increase in global primary energy demand by 2045, with rising oil consumption and refining capacity. The growth of the oil and gas sector is expected to drive the demand for SCADA systems.

The SCADA market is expected to witness growth propelled by the rising trend of industrial automation. Industrial automation, involving control systems such as computers or robots, increases the demand for SCADA systems to ensure seamless integration and enhance operational efficiency. The International Federation of Robotics reported a 16% sales increase in industrial robots in the UK's automotive industry in 2020. The growth of industrial automation is a key factor driving the demand for the SCADA market.

The SCADA market is witnessing a trend of product innovations, with major companies focusing on strengthening their positions through innovative offerings. In October 2022, Emerson Electric Co., a US-based manufacturer, launched Movicon.NExT 4.2, an advanced automation platform. This platform offers a simple interface linking to various devices, control systems, and enterprise systems, providing users and original equipment manufacturers (OEMs) with data and insights for operational excellence.

The major companies in the SCADA market are concentrating on innovating new technologies to strengthen their market presence. In September 2022, OnLogic, a US-based global industrial computer manufacturer, introduced a new device, the IGN800 Raspberry Pi-powered Edge Gateway, designed for collecting, processing, and displaying industrial automation data. Certified for and pre-loaded with Ignition Edge software from SCADA specialists, Inductive Automation®, this industrial IoT gateway ensures high reliability and connectivity options. The integration of Ignition Edge software allows users to consolidate disparate systems into a single platform, offering a comprehensive HMI, SCADA, MES, and IIoT software solution.

In June 2022, Siemens AG, a Germany-based industrial manufacturing company, acquired Senseye, a UK-based provider of cloud software for predictive maintenance, for an undisclosed amount. Through this acquisition, Siemens aims to broaden its offerings in predictive maintenance, asset information, and digital business services. Senseye's expertise in automatically projecting machine failure without manual analysis will contribute to Siemens' capabilities in avoiding downtime and saving costs.

Major companies operating in the scada market report are Hitachi Ltd., Siemens AG, General Electric Company, International Business Machines Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Toshiba Corporation, ABB Ltd., Fuji Electric Co. Ltd., Eaton Corporation PLC, Emerson Electric Company, Rockwell Automation Inc., Omron Corporation, Yokogawa Electric Corporation, Advantech Co. Ltd., Parametric Technology Corporation., Schweitzer Engineering Laboratories Inc., B&R Industrial Automation GmbH, Wunderlich-Malec Engineering GmbH, Inductive Automation LLC, Tesco Controls LLC, COPA-DATA GmbH, NovaTech Automation Corporation, Elynx Technologies LLC, Intouch Insight, Iconics Inc., Progea S.r.l., Trihedral Engineering Limited, VTScada Systems Inc.

Asia-Pacific was the largest region in the SCADA market in 2023. The regions covered in the scada market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the scada market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary offerings of SCADA are hardware, software, and services. Hardware includes computer components such as programmable logic controllers (PLC), remote terminal units (RTU), human-machine interfaces (HMI), and communication systems, deployed on-premise and in the cloud. Applications span across chemical and pharmaceuticals, food and beverage, manufacturing, oil and gas, transportation, utility, water, and sewage.

The SCADA market research report is one of a series of new reports that provides SCADA market statistics, including SCADA industry global market size, regional shares, competitors with SCADA market share, detailed SCADA market segments, market trends, and opportunities, and any further data you may need to thrive in the SCADA industry. This SCADA market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The SCADA market consists of revenues earned by entities by providing SCADA services to automate industrial operations through software. The market value includes the value of related goods sold by the service provider or included within the service offering. The SCADA market also includes sales of sensors and actuators, SCADA field controllers, and SCADA supervisory computers which are used in providing SCADA services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.