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SCADA Market to Surpass with CAGR of 14.7% and Garner Revenue of $57.2 Billion by 2028

Meticulous Research® – a leading global market research company published a research report titled SCADA Market by Component (Hardware, Software, Services), Deployment (On-premise, Cloud-based, Hybrid), End User (Oil & Gas, Automotive, Food & Beverage, Power, Semiconductors & Electronics, Chemicals & Materials)– Global Forecast to 2028.”

According to the latest publication from Meticulous Research®, the global supervisory control and data acquisition (SCADA) market is projected to reach $57.2 billion by 2028, growing at a CAGR of 14.7% during the forecast period. The global SCADA market is witnessing growth due to the rising adoption of efficient control & monitoring solutions in industrial processes and growing demand for systems that monitor & control the manufacturing and industrial processes. These systems aid companies in reducing production waste and enhancing overall manufacturing efficiency with the help of trends and insights provided to the management. However, cyber threats associated with the SCADA systems where data is stored is restraining the growth of this market.

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The SCADA market is gaining high pace due to several strategic developments adopted by industry leaders to develop their product portfolio. For instance, in April 2021, Mitsubishi Electric Corporation (Japan), an electrical product manufacturer and automation solution provider, renewed its SCADA lineup named GENESIS64 to provide two software for system monitoring and process control.

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SCADA Market by Component

Hardware

Software

Services

Programmable Logic Controller (PLC)

Remote Terminal Unit (RTU)

Communication Systems

Human-machine Interface (HMI)

Other Hardware Components

Professional Services

Managed Services

SCADA Market by Deployment Mode

On-premise

Cloud-based

Hybrid

SCADA Marketby End User

Oil & Gas

Chemicals & Materials

Paper & Pulp

Pharmaceuticals & Biotech

Mining & Metals

Food & Beverage

Power

Consumer Goods

Automotive

Machines & Tools

Semiconductors & Electronics

Aerospace & Defense

Other End Users

SCADA Market by Geography

North America

Europe

Asia-Pacific (APAC)

Latin America

Middle East & Africa (MEA)

U.S.

Canada

U.K.

Germany

France

Italy

Spain

Russia

Rest of Europe

China

India

Japan

South Korea

Rest of APAC

Brazil

Mexico

Rest of Latin America

UAE

Saudi Arabia

South Africa

Rest of the MEA

To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/scada-market-5186

Based on component, the SCADA market is segmented into hardware, software, and services. In 2020, the services segment accounted for the largest share of the market due to the growing demand for installation, maintenance, repair, and training services associated with SCADA systems. The demand for efficient, professional services is expected to grow as companies offer services that will offer clients easy understanding and usage of SCADA systems.

Based on deployment mode, the market is segmented into on-premise, cloud-based, and hybrid. The cloud-based segment will witness high demand over the forecast timeline due to the increasing transformation of conventional industrial control systems to cloud-based SCADA systems. With the deployment of on-cloud SCADA solutions, companies can limit their IT costs as they are outsourced to provide support and maintenance for in-house servers.

Based on end user, the SCADA market is segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. The food & beverage segment is expected to register the highest CAGR during the forecast period due to the high adoption of manufacturing automation and process control solutions across the F&B sector. SCADA improves production efficiency and increases profitability in the F&B plants. Deployment of SCADA in the processing and packaging part of the F&B industry offers enhanced integration, predictive & preventive maintenance, and traceability.

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The key players operating in the global SCADA market are Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Pilz GmbH & Co. KG (Germany), Survalent Technology Corporation (Canada), Valmet (Finland), and Hitachi, Ltd. (Japan).

Key questions answered in the report:

Which are the high growth market segments in terms of component, deployment, end user, and region/countries?

What was the historical market for SCADA across the globe?

What are the market forecasts and estimates for the period 2021–2028 in terms of revenue?

What are the major drivers, restraints, and opportunities in the global SCADA market?

Who are the major players in the SCADA market?

How is the competitive landscape, and who are the market leaders in the global SCADA market?

What are the recent developments in the global SCADA market?

What are the different strategies adopted by the major players in the global SCADA market?

What are the geographical trends and high growth regions/countries?

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