The SCADA (Supervisory control and data acquisition)
is a control system architecture that control industrial processes locally or
at remote locations. These systems are critically for industrial enterprises
since they help to manage the efficiency, process data for smarter decisions,
and communicate system issues to assistance mitigate downtime. Moreover, the supervisory
control and data acquisition concept was improved as a universal means of remote
access to an assortment of local control modules, which could be from different
introducers enabling access through standard automation protocols. Whereas, it
is one of the most frequently-used types of industrial control systems, however
there are apprehensions about SCADA systems being susceptible to cyber warfare.
The key players of this market across the globe is playing an effective role
for dominating the huge market share by doing more developments in the
specifications of the systems which further lead the market growth more
significantly in the forecasted period.
According to the report analysis, ‘Global SCADA Market by System Component,
Architecture Type, Industry Vertical and Region 2014-2023’ states that
some of the major key players which are recently functioning in this market
more actively by dominating the growing demand of potential buyers by analyzing
the entire global market includes ABB Ltd., B-SCADA Inc., Emerson Electric Co., Endress+Hauser
AG, General Electric Co., Hitachi, Ltd., Honeywell International Inc., International
Business Machines Corporation (IBM), Larsen & Toubro Limited, Mitsubishi
Electric Corp., Omron Corporation, Rockwell Automation Inc., Schneider Electric
SE, Siemens AG, TechnipFMC plc, Yokogawa Electric Corporation and several
others. Moreover, on the basis of industry vertical, the global market is
analyzed on the different segments with annual revenue in 2014-2023 which
includes electrical power industry, oil and gas industry, chemical and
petrochemical industry, water and wastewater treatments, telecommunication,
pharmaceuticals industry, transportation and several others. Whereas, based on
the architecture type, the global market is split into the sub-markets which include
hardware, software and services. The focused key players are adopting effective
strategies and policies for acquiring the huge market share across the globe by
doing significant developments in technology.
Based on the geography, the global market of SCADA is
spread across the globe which includes Asia Pacific region, Europe, North
America, Latin America and rest of the world. Whereas, it is expected that the
developed regions of this market is dominating the huge market share across the
globe and lead the market growth more actively in the forecasted period. While
the developing regions proved to be more effective players of this market for accounting
the highest share around the globe. Not only has this, the market key players
are utilizing the different market opportunities of making more profit by
working on the challenges and restraints which hamper the market growth. With
the effective working of the key player and applications of the SCADA the
market will grow in the forecasted period. Furthermore, with the effective
working of the key players the market is become more competitive which results
an effective investment by the new entrants. Therefore, in the coming years, it
is expected that the market will grow more actively over the recent trend with
the growing investment of the new investors.
For more information on the research
report, refer to below link:-
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
