REDDING, Calif., May 13, 2024 /PRNewswire/ -- According to a new
market research report titled, 'SCADA Market by
Type (Monolithic SCADA Systems, Distributed SCADA Systems,
Networked SCADA Systems), Component (Hardware, Software, Services),
Deployment Mode, End-use Industry (Oil & Gas, Automotive,
F&B), and Geography—Global Forecast to 2031,' the
SCADA Market to be worth $18.7
Billion by 2031, at a CAGR of 9% from
2024–2031.
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Supervisory control and data acquisition (SCADA) systems
comprise hardware and software components used to monitor and
control industrial processes. The SCADA system allows manufacturers
and organizations to collect and analyze real-time production data,
monitor and manage alarms, and program automatic control responses
triggered by operations or system parameters. In the last few
years, SCADA systems have witnessed considerable developments in
terms of technology and utility and facilitate better HMI designs,
efficient remote operations, better equipment control, smooth
troubleshooting, and reduced energy expenditures. Incorporation of
the SCADA system ensures a better return on investment and thus
witnesses consistent growth. Besides, concepts such as Industry 5.0
and industrial automation are also supporting the growth of the
SCADA market across the globe.
Factors such as the rising adoption of automated technologies
across Europe and Asia-Pacific, the ongoing Industry 5.0 trends,
growing demand for smart and digitized production processes, and
government support and initiatives for industrial automation are
driving the growth of the SCADA market. However, high initial
investment requirements are restraining the growth of this
market.
Furthermore, the increasing trend of wireless sensor networks
and the proliferation of smart factories are expected to create
growth opportunities for the players operating in this market.
However, the high risk of cyberattacks is a major challenge
impacting market growth.
The SCADA market is segmented based on type {monolithic SCADA
systems, distributed SCADA systems, networked SCADA systems, and
other SCADA systems}, component {hardware (human-machine interface
(HMI), distributed control systems (DCS), remote terminal units
(RTU), programmable logic controllers (PLC), process control
systems (PCS), communication systems, and other hardware),
software, and services (professional services and managed
services)}, deployment mode {on-premise deployments and cloud-based
deployments}, end-use industry {oil & gas, automotive, food
& beverage, semiconductors & electronics, IT &
telecommunications, agriculture, pharmaceuticals and healthcare,
transportation, manufacturing, and other end-use industries}, and
geography. The study also evaluates industry competitors and
analyzes the market at the regional and country levels.
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Based on type, the global SCADA market is broadly
segmented into monolithic SCADA systems, distributed SCADA systems,
networked SCADA systems, and other SCADA systems. In 2024, the
networked SCADA systems segment is expected to account for the
largest share of 47.5% of the SCADA market. The large
market share of this segment is attributed to the benefits offered
by these systems, including flexibility, scalability, and use of
common communication protocol facilitating better data exchange.
Various end-use industries, such as oil & gas, industrial
manufacturing, and power & utility, have adopted this
architecture.
The networked SCADA systems segment is also projected to
register the highest CAGR during the forecast period.
Based on component, the global SCADA market is
broadly segmented into hardware, software, and services. The
hardware segment is further segmented into remote terminal units
(RTU), programmable logic controllers (PLC), human-machine
interface (HMI), process control systems (PCS), communication
systems, distributed control systems (DCS), and other hardware. The
services segment is further segmented into professional services
and managed services. In 2024, the hardware segment is expected to
account for the largest share of 56% of the SCADA market.
The large market share of this segment is attributed to the rising
adoption of automated technologies, the rising focus of players on
innovative product offerings, and the growing demand for smart and
digitized production processes.
However, the software segment is expected to record the highest
CAGR during the forecast period. The growth of this segment is
attributed to the increasing focus of industry players on
introducing innovative SCADA software.
Based on deployment mode, the global SCADA market is
segmented into on-premise deployments and cloud-based deployments.
In 2024, the on-premise deployments segment is expected to account
for the larger share of the global SCADA market. The large market
share of this segment is attributed to the high preference for
on-premise deployments among large enterprises due to the
availability of trained IT professionals & infrastructure and
security issues associated with cloud-based deployments.
However, the cloud-based deployments segment is expected to
record the highest CAGR of 11% during the forecast period.
The growth of this segment is attributed to the benefits of cloud
infrastructure, such as ease of adoption, minimal requirements for
in-house infrastructure, high scalability, and easy installation of
SCADA solutions.
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Based on end-use industry, the global SCADA market
is segmented into oil & gas, automotive, food & beverage,
electronics & semiconductors, IT & telecommunications,
agriculture, pharmaceuticals & healthcare, transportation,
manufacturing, and other end-use industries. In 2024, the
manufacturing segment is expected to account for the largest share
of 26.4% of the SCADA market. The large market share of this
segment is attributed to the rising adoption of industrial
automation and control systems in the manufacturing sector, the
growing demand for smart and digitalized production processes, and
the proliferation of smart factories.
However, the automotive segment is expected to register a higher
CAGR during the forecast period. The growth of this segment is
attributed to the rising need to gather real-time data to control
and monitor industrial equipment and manufacturing processes and
the rising adoption of industrial robots, machine vision systems,
and industrial control systems.
Based on geography, the SCADA Market is segmented into
North America, Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa. In 2024,
North America is expected to
account for the largest share of 32% of the SCADA Market.
North America SCADA market is estimated to be worth USD 3.3 billion in 2024. The market growth in
North America is driven by the
presence of key market players in the region, growing demand for
automation and process control solutions, increased use of
automation in the industrial sectors, and the need to improve
productivity, quality, & efficiency of production
processes.
However, the Asia-Pacific
region is projected to record the highest CAGR during the forecast
period. The growth of this market is attributed to the increasing
investment in smart factories, growing FDI in the industrial
sector, increasing worker safety regulations, and rising demand for
industrial control solutions in manufacturing companies.
Asia-Pacific stands out as a
significant manufacturing hub across various sectors, including
automobiles, electronics, consumer goods, pharmaceuticals, and
more. This manufacturing prominence is a key factor driving the
adoption of automation technologies in the region. SCADA solutions
are gaining traction in countries like China, Japan,
South Korea, and India, driven by initiatives to transform
manufacturing facilities and the necessity for SCADA software to
monitor and communicate with Remote Terminal Units (RTUs),
Programmable Logic Controllers (PLCs), and Human-Machine Interface
(HMI) components.
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).
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Scope of the Report:
SCADA Market Assessment—by Type
- Monolithic SCADA Systems
- Distributed SCADA Systems
- Networked SCADA Systems
- Other SCADA Systems
SCADA Market Assessment—by Component
- Hardware
- Human-Machine Interface (HMI)
- Distributed Control Systems (DCS)
- Remote Terminal Units (RTU)
- Programmable Logic Controllers (PLC)
- Process Control Systems (PCS)
- Communication Systems
- Other Hardware Components
- Software
- Services
- Professional Services
- Managed Services
SCADA Market Assessment—by Deployment Mode
- On-premise Deployments
- Cloud-based Deployments
SCADA Market Assessment—by End-use Industry
- Oil & Gas
- Pipeline Monitoring and Controls
- Remote Equipment and Asset Monitoring
- Off-shore Platforms and On-shore Wells
- Other Applications
- Automotive
- System Monitoring
- Automated Controls
- Data Collection and Analysis
- Other Applications
- Food & Beverage
- Monitoring Control
- F&B Product Consistency
- Regulatory Compliance
- Other Applications
- Semiconductors & Electronics
- Smart Machinery Maintenance
- Process Traceability
- Elimination of Manual Operation
- Other Applications
- IT & Telecommunications
- Real-time Data Analysis
- Automation of Processes
- Network Security
- Other Applications
- Agriculture
- Greenhouse Automation
- Irrigation Control
- Livestock Farming
- Other Applications
- Pharmaceuticals & Healthcare
- Pharmaceutical Manufacturing Processes
- Hospital Facilities Management
- Other Applications
- Transportation
- Airports & Aviation
- Ports & Harbors
- Railway Systems
- Other Applications
- Manufacturing
- System Monitoring
- Automated Controls
- Data Collection and Analysis
- Process Automation and Control
- Other Applications
- Other End-use Industries
SCADA Market Assessment—by Geography
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Latin America
- Middle East & Africa
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