Global SCADA Market 2017-2021
Supervisory control and data acquisition (SCADA) is a control system used to monitor the complete process of production and obtain real-time data from sites, which are geographically separated. SCADA is mainly used in industries such as the oil and gas, water and wastewater treatment, power, chemical and petrochemical, pharmaceutical, automotive, and electrical and electronics. The implementation of SCADA system helps end-user industries in improving their efficiency and productivity by the introduction of SQL and the web-based applications into SCADA software.Technavio’s analysts forecast the global SCADA market to grow at a CAGR of 6.64% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global SCADA market for 2017-2021. To calculate the market size, the report considers sales and services market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global SCADA Market 2017-2021
Technavio recognizes the following companies as the key players in the global SCADA market: ABB, Emerson Electric, Honeywell International, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: Rockwell Automation, General Electric, Yokogawa Electric, Mitsubishi Motors, and Inductive Automation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for cloud-based SCADA systems. When it comes to production, the main aim of any organization is to reduce the operational cost, fault tolerances, and increase the production and cost efficiencies. In order to ensure this, there is a huge need for adoption of SCADA systems, which can control the entire production site.”
According to the report, one driver in the market is increased extraction of shale gas. The US shale gas production has been driven by innovations in technology that reduced the drilling costs and also improved the drilling efficiency. The revolution of the US shale gas production has increased the extraction of shale gas, resulting in rising the demand for shale gas, which led to the reduction of natural gas prices. The lowering of prices has driven the export of natural gas to other countries where the cost is high, thereby fueling the development of infrastructure by laying new pipelines and support systems.
Further, the report states that one challenge in the market is lack of awareness and high deployment costs. The lack of awareness about the cyber security standards such as National Institute of Standards and Technology (NIST) guide to SCADA and Industrial Control Systems (ICS) security, 20% Critical Security Controls, and NERC CIP standards related to SCADA systems limit the proper usage of SCADA systems by companies, thus impeding the growth of the SCADA market. The availability of skilled labor is a high priority in the present scenario, as the contribution of skilled workforce to a company is highly important.
ABB, Emerson Electric, Honeywell International, Schneider Electric, Siemens, Rockwell Automation, General Electric, Yokogawa Electric, Mitsubishi Motors, and Inductive Automation.
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