Supervisory Control and Data Acquisition Market To Report Impressive Growth, Revenue To Surge To US$ 11 Bn By 2021

20-Aug-2018 | Zion Market Research

With the presence of a large pool of participants, the Global  supervisory control and data acquisition market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Rockwell Automation, Siemens AG, Schneider Electric, Alstom SA, Honeywell International Inc., and ABB Ltd are some of the key vendors of across the world. For instance, Aveva Plc has entered into a partnership with Virsec as per which former’s customers will get access to the latter’s patented SCADA technology. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the supervisory control and data acquisition market study.

Citing an instance, on 1st August 2018, Aveva Plc entered into partnership deal with Virsec Systems Inc. as per which former’s customers can access to latter’s patented SCADA technology.

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This review is based on a report by Zion Market Research, titled "Supervisory Control and Data Acquisition (SCADA) Market by Architecture (Hardware, Software and Services), by Components (Programmable Logic Controller, Remote Terminal Units and SCADA Communication System) for Oil and Gas, Electrical Power, Water & Wastewater Application, Transportation and Manufacturing Applications: Global Industry Perspective, Comprehensive and Forecast, 2015 – 2021"-Report at https://www.zionmarketresearch.com/report/supervisory-control-and-data-acquisition-scada-market

Global Supervisory Control and Data Acquisition Market

As estimated in this report, the global supervisory control and data acquisition market stood at US$ 7.5 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in the supervisory control and data acquisition market is expected to reach US$ 11 billion by the end of the forecast period.  

Need For Automation Across Industries To Drive Market’s Growth

“Escalating funding required for infrastructural growth to boost renewable energy generation will impel supervisory control and data acquisition market,” says the author of this study. Apart from this, rising demand for automation across myriad industries and rapid modernization of factories are likely to support the global supervisory control and data acquisition market.

The cyber security acting as a key restraint for supervisory control and data acquisition market, however, is likely to impede the market growth over the next few years. Nevertheless, emerging business across the developing regions such as China and India is anticipated to produce lucrative avenues for key players, normalizing the impact of hindrances on the supervisory control and data acquisition market, reports the study.

Extensive Investment In New Technology To Augment North American Dominance

Geographically, North America has been leading the worldwide supervisory control and data acquisition market and is anticipated to continue on the dominant position in the years to come, states the market study. The dominance is mainly credited to acceptance of modern technology and funding of SCADA technology. Furthermore, the U.S. was the key contributor towards North America supervisory control and data acquisition market in 2015, and is predicted to be the major regional revenue pocket. The high number of market players being headquartered in North America is another significant factor that is supporting this regional market. For the record, North America contributed more than 30% towards overall supervisory control and data acquisition market revenue in 2015.

In addition to this, Europe, which was a second biggest regional market in 2015, is anticipated to witness a substantial growth over the forecast timeframe.

The global Supervisory Control And Data Acquisition Market is segmented as follows:

By Architecture

  • Hardware
  • Software 
  • Services

By Component

  • Oil & Gas
  • Electrical Power
  • Water & Wastewater Application
  • Transportation
  • Manufacturing

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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