New Revenue Opportunity with SCADA Market - Across Manufacturing Industries

Posted by Vikas Gadiya on December 9th, 2022

Attractive Opportunity: Supercharge your Visualizations

Accelerating deployment of AI and IoT across manufacturing industries and growing smart city projects for infrastructure and transportation development are some of the major factors which are posed to support growth of SCADA market.

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Industry Trends of the Global SCADA Market:

1. Schneider Electric has completely acquired AVEVA, a global leader in industrial software that drives digital transformation for industrial organizations managing complex operational process. The deal would help the company to accelerate both its software growth strategy and hybrid cloud-based subscription model.

2. Senseye was fully acquired by Siemens. The company provides artificial intelligence powered solutions for industrial machine performance and reliability. This acquisition will enable Siemens to expand their portfolio in the field of predictive maintenance and asset intelligence.

3. Rockwell Automation has launched V13 of FactoryTalk View Site software with new features. The new system offers deeper interaction with Logix controller with capability to drive HMI animation for automatic diagnostic through FactoryTalk ViewPoint web clients.

What are the Driving Factors of Evolution of technologies and consolidation of SCADA Market?

The SCADA market size is foreseen to grow from USD 9.8 billion in 2022 to USD 14.2 billion by 2027, at a CAGR of 7.8%, the Report provides crucial industry insights that will help your business grow.

Browse 195 market data tables and 86 Figures spread through 252 Pages and in-depth TOC on "SCADA Market size, analysis, trends, & forecasts. The Global market for SCADA Offering, Component, End User, Vertical & Region - Global Forecast to 2027"

Discrete Manufacturing industry segment to grow at the highest CAGR during the forecast period.

The discrete manufacturing ecosystem uses SCADA systems to ensure that the production targets are met, and systems run swiftly. A SCADA system tracks the units that are being produced and in various stages of completion. SCADA systems manage inventories for just-in-time manufacturing, regulate industrial automation and robots, and monitor processes and quality control functions.

SCADA Market : Top Leading Companies Profiles:
Software segment to grow at the highest CAGR in SCADA market during the forecast period.

SCADA software is the backbone of an SCADA system. The software system provides trending, diagnostic data, information and performs the task of monitoring and analysing the data that is further useful to the system for communicating the system issues to the operator to lower the downtime. The main advantages of software offering are the storage of real-time data, continuous system monitoring, alarm checking, and management of confidential data. SCADA software help the operator enhance the workflow, assist in faster decision-making, reduce errors, identify the cause of a problem, and improve plant operations.

Major players in the SCADA market are Rockwell Automation (US), Schneider Electric (France), Emerson Electric (US), Siemens (Germany), and ABB (Switzerland).

SCADA Market - Geographical Regional Vision by MarketsandmarketsTM
China to account for a significant market share of Asia Pacific from 2022 to 2027
.

China is a manufacturer, as well as a key exporter, of several consumer electronics and telecom products; this has generated huge growth opportunities for SCADA market players in the country. China is the fastest-growing economy in Asia Pacific and globally. Its manufacturing sector is challenged by the need to increase production without compromising on quality. Manufacturers and suppliers in the country are facing challenges of increasing labor costs and higher lead times due to the manual processes involved, which are driving demand for automated equipment and SCADA systems.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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Vikas Gadiya

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Vikas Gadiya
Joined: July 11th, 2022
Articles Posted: 124

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