The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The expansion of the oil and gas industry is likely to stimulate innovation in SCADA manufacturing, propelling the market over the forecast period.

The global SCADA market is expected to grow from $11.06 billion in 2022 to $11.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The global SCADA market size is expected to grow to $16.02 billion in 2027 at a CAGR of 7.7%.

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Global SCADA Market Segments Include:

• By Offering: Hardware, Software, Services
• By Component: Programmable Logic Controller (PLC), Remote Terminal Unit (RTU), Human-Machine Interface (HMI), Communication System, Other Components
• By Deployment: On-Premise, Cloud
• By Application: Chemical And Pharmaceuticals, Food And Beverage, Manufacturing, Oil And Gas, Transportation, Utility, Water And Sewage
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global SCADA market in 2021.

Major Market Players in the SCADA market include Rockwell Automation Inc., Schneider Electric SE, Emerson Electric Co., Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Omron Corporation, Hitachi Ltd., Honeywell International Inc.

Product innovation has emerged as a significant trend that is gaining traction in the SCADA industry. To strengthen their market position, major SCADA firms are focused on product advancements. For example, Emerson Electric Co., a US-based manufacturer and provider of engineering services and solutions for industrial, commercial, and consumer industries, will unveil Movicon, an advanced automation platform, in October 2022.NExT 4.2. It provides users and original equipment manufacturers (OEMs) with the data and insights needed to achieve operational excellence through a simple interface that connects to any field device, control system, or enterprise system. It is fast, secure, and efficient, with higher performance, rapid application development, and improved connection.

The SCADA Global Market Report 2023  provides a SCADA market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The SCADA market forecast analyzes SCADA market size, SCADA market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

SCADA, which stands for supervisory control and data acquisition, is a system software programme used to manage industrial processes by acquiring real-time data from remote locations in order to govern equipment and conditions. It provides the tools required by the industrial organisation to make and implement data-driven decisions about its industrial processes.

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