Global SCADA System Market

Date: 1 September 2019

According to a research report published by Azoth Analytics in August 2019, the Global SCADA System Market by value was at USD 10.4 Billion in the year 2018. The market of SCADA Systems will show digital transformation in years to come due to integration of cloud computing, IIoT, big data analytics and Augmented reality technologies with SCADA system. 
The Azoth Analytics research report titled “Global SCADA System Market: Insights, Attractiveness, Trends and Opportunities (2019 Edition) – Forecast to 2024” has analysed the SCADA system Market in terms of sizing, growth and forecast. The report has further analysed the SCADA System Market by Component type (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems), By Architecture Type (Hardware, Software) and by End User Industry (Oil & Gas, Power Generation, Transportation, Water & Waste Water, Chemicals, Others). The Global SCADA System Market has been analysed by Region (North America, Europe, Asia Pacific, LAMEA (Latin America, Middle East & Africa) and By Country (United States, Germany, Poland, China, India) for the historical period of 2017-2018 and the forecast period of 2019-2024.

Modern and powerful SCADA solutions today must be able to quickly process huge amounts of data and archive this data for long periods. At the same time, new technologies are introduced in the industry and global solutions require mobile access to all of the plant information. In addition to increasing productivity, energy efficiency is an important factor in reducing the overall costs. Requirement of these features in SCADA systems will lift the demand of SCADA systems market in forecasted period.

Upgradation of outdated SCADA system with technologically advanced digitally integrated SCADA system will fuelled the market of SCADA systems. Additionally, investment spending on modernization of infrastructure in developed countries along with infrastructure development in developing countries will fostered the demand of SCADA systems market in future.