SCADA Market will register a CAGR of % during 2020-2024. The market’s growth momentum will Accelerate.
Increased extraction of shale gas | Growing demand for monitoring, visualizing, and controlling equipment from all industries | Need to reduce energy losses in metal, mining, and mineral industries will be one of the major factors driving the growth of this market. Additionally, key SCADA Market trends such as the Growing demand for cloud-based SCADA systems | Rise in big data analytics | Adoption of mobile SCADA systems will also influence market growth during the forecast period.
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SCADA Market Size
During the forecast period, the SCADA Market size will grow by $ 8.22 bn.
SCADA Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the SCADA Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the High initial cost of implementation | Threat caused by cyberattacks | Lack of awareness will also challenge the growth of the companies.
ABB Ltd. | Emerson Electric Co. | General Electric Co. | Honeywell International Inc. | Mitsubishi Electric Corp. | Rockwell Automation Inc. | Schneider Electric SE | Siemens AG | Toshiba Corp. | Yokogawa Electric Corp..list
are some of the companies covered in Technavio’s SCADA Market report for 2020-2024.
SCADA Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the SCADA Market.
The APAC will account for the largest SCADA Market share and during 2020-2024, the region will contribute to 45% of the market’s growth.
Market Analysis Insights 