Uploaded on Jul 30, 2019
Global SCADA Market size is projected to be valued $48 Billion by 2024; with a CAGR of 5.6% from 2017 to 2025. SCADA, an acronym for supervisory control and data acquisition, is a category of software application program fo
Global SCADA Market
Global SCADA Market
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Accurize Market Research
Global SCADA Market is Estimated to Reach $48
Billion by 2024, Says Accurize Market Research
Global SCADA market report published by
Accurize Market Research forecast that the global
market is expected to reach $48 billion by 2024;
growing at a CAGR of 5.6% from 2017 to 2025. By
geography, Asia Pacific and North America are
expected to grow at a CAGR of XX% and XX%,
respectively, during the forecast period.
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Increasing demand for process automation in
different energy verticals to drive the growth of
the market
Increasing demand for process automation in
different energy verticals and integration of
SCADA with IT corporatesfuels the demand for
the global SCADA market. Moreover,technological
developments and penetration of SCADA in
various sectors also boosts the growth of the
market.
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Market Segmentation
The global SCADA market has been bifurcated on the basis of
component, architecture, application and geography. Component
segment is further segmented into human machine interface
(HMI), remote terminal unit (RTU), programmable logic control
(PLC), SCADA communication systems and others. Architecture
segment can be divided into hardware, software and services.
Furthermore, application segment contains transportation,
electric power, water & wastewater, oil & gas, manufacturing,
food & beverages, telecommunication, pharmaceuticals,
chemicals, and others.
By geography, the market is segmented into North America,
Europe, Asia-Pacific and Rest of the World (RoW). The U.S.,
Mexico and Canada are covered under North America wherein
Europe covers U.K, Germany, France, and others. Asia-Pacific
covers China, India, Japan, Taiwan, and others. ROW covers South
America, Middle East and Africa.
“Human machine interface accounted the largest market
share in the component segment ", says Accurize
By component segment, the human machine interface accounted for
the highest market share of 33.6% in 2017, followed by
programmable logic controller with market share of 30.3%.Moreover,
electric power and chemicals dominated the market in theapplication
segmentwith share of 17.5% and 14.6% respectively in 2017.
“North America dominated the global market with the highest
market share over the forecast period", says Accurize
In 2017, North America dominated the market with the highest
market share of 34.4%. Additionally, RoW is the fastest growing
region in the market during the forecast period, owning to increasing
use of SCADA in oil & energy sector.
Top players in the market
The key market players include
Hitachi, Ltd.,
IBM Corporation,
Honeywell International,
General Electric,
ABB,
GE Intelligent Platforms,
Mitsubishi Electric Corporation,
B-SCADA Inc.,
Schneider Electric SE,
Siemens AG among others.
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