SCADA Market Update, Analysis and Forecast Report from 2016 to 2024

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SCADA Market Share, Growth, Trends and Forecast
by 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of SCADA Market

• Asia Pacific SCADA market is anticipated to offer
  high growth opportunities over the forecast time
  span owing to the rise in end-use applications
  such as manufacturing and telecommunication.
• In addition, the increase in the number of
  developing industries, the need for automated
  industries, and growing living standards in the
  region have led to an increase in the energy
  demand from power and oil gas industry.
• These factors have led to an increased demand for
  automated solutions in the region thereby
  propelling the SCADA market growth.

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• Application Analysis of SCADA Market
• Lack of awareness about the ongoing Information
  Technology (IT) trends among businesses is a
  major factor hindering the deployment of SCADA
  systems in the industry. However, with recent
  advancements, the systems can easily be embedded
  in the smartphones, which is providing
  ease-of-access to all the workforces.
• Consumerization of technology products and low
  protection for several industrial systems are
  further hampering the SCADA market growth.
  Weaknesses of these systems have led to the
  implementation of SCADA systems in
  infrastructures, which are susceptible to attacks
  and exploits.
• The SCADA market based on components can be
  segmented into Human Machine Interface (HMI),
  Programmable Logic Controller (PLC), Remote
  Terminal Unit (RTU), and communication systems.
  The RTU market is projected to hold a high
  revenue share in the overall SCADA market. The
  major share of RTU in the industry is credited to
  the components ability to allow efficient
  decision making for the operators. Deep sea
  exploration and extraction of shale gas in the
  oil gas industry using several RTU systems are
  further driving the demand for the RTU device
  implementation.

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Competitive Market Share of SCADA Market

• Key industry players operating in the SCADA
  market include ABB Ltd., Alstom, B-SCADA, Inc.,
  Emerson Electric Company, General Electric
  Intelligent Platforms, Honeywell International,
  MPC Consulting, Omron, Power System Engineering,
  Rockwell Automation, Siemens AG, Schneider
  Electric SE, UTSI International Corporation, and
  Yokogawa Electric Co.

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1925
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