SCADA (Supervisory Control and Data Acquisition) market is growing significantly at a CAGR of 5% during the forecast period. SCADA is a system that allows industries and organizations to monitor, collect, control, and process real-time data and manages industrial processes even at remote locations. With human-machine interface (HMI) software, the SCADA permits end-users to directly contact devices, which includes valves sensors, motors, and pumps, and record events into a log file. As these systems aids in processing data for smarter decisions, maintaining efficiency and communication with the system issues to help mitigate downtime, the need for SCADA systems is escalating continuously. Moreover, enduring technical encroachments in SCADA due to the innovative efforts from the market players have improved the efficiency, which creates several opportunities for the market growth in near future. The basic components that a SCADA system consists of are Programmable Logic Controllers (PLC), Remote Terminal Units (RTU), and HMI. The RTU aids in the monitoring of the analog and digital parameters of the field, such as temperature or any state of particular equipment. HMI system helps to view the information graphically to the user, whereas, PLCs aids in collecting the sensor output signals to convert them into digital data.
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Moreover, the growth in the adoption of cloud-based SCADA system in infrastructural development and raising awareness concerning the real-time detection of faults in the machines are the primary factors affecting the market positively. The surge in R&D activities in wireless sensors in SCADA and continuous growth in big data and analytics has substantially increased the efficiency of SCADA, which in turn, is anticipated to propel the market in near future. Whereas, high investment requirements for the setup of the SCADA system and cyber threats risks will affect the growth of the market.
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Global SCADA (Supervisory Control and Data Acquisition) Market Segmentation
By End-User
- Power and Energy
Oil & Gas
Manufacturing
Telecommunication
Automotive
Chemicals
Food & Beverages
Others (Transportation)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
