SCADA Market Size & Forecast
The SCADA Market is projected to reach $9.6 billion by 2030, at a CAGR of 8.4% from 2023–2030. Factors such as the rising adoption of automated technologies across Europe and Asia-Pacific, the ongoing Industry 5.0 trends, growing demand for smart and digitized production processes, and government support and initiatives for industrial automation are driving the growth of the SCADA market. However, high initial investment requirements are restraining the growth of this market. Furthermore, the increasing trend of wireless sensor networks and the proliferation of smart factories are expected to create growth opportunities for the players operating in this market. However, the high risk of cyberattacks is a major challenge impacting market growth.
Growing Demand for Smart and Digitized Production Processes Driving the Adoption of SCADA Systems
Smart production refers to the integration of advanced technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and automation into manufacturing processes. In contrast, digitized production includes the digitization of production data, workflows, and communication channels to streamline operations, enhance visibility, and improve collaboration. In both these production scenarios, SCADA systems play a crucial role in facilitating data-driven decision-making, optimizing production efficiency, and ensuring seamless integration and coordination of manufacturing operations.
SCADA systems are used for data management, information management, energy management, and diagnostics management in digitized production processes. As a result, manufacturers across various industries are increasingly turning to SCADA systems to monitor, control, and automate their production operations. SCADA systems help in collecting and analyzing data from IoT devices, enabling predictive maintenance, remote monitoring, and intelligent decision-making to improve overall equipment effectiveness (OEE) and reduce downtime. All these benefits, along with the need to optimize production operations and improve efficiency, are increasing the adoption of SCADA systems across various industries, driving market growth.
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Key Findings in the SCADA Market Study:
The Networked SCADA Systems Segment to Register the Higher CAGR
Based on type, the global SCADA market is broadly segmented into monolithic SCADA systems, distributed SCADA systems, networked SCADA systems, and other SCADA systems. The networked SCADA systems segment is projected to register the highest CAGR during the forecast period. The growth of this market is attributed to the benefits offered by these systems, including flexibility, scalability, and use of common communication protocol facilitating better data exchange. Various end-use industries, such as oil & gas, industrial manufacturing, and power & utility, have adopted this architecture.
The Software Segment to Register the Highest CAGR
Based on component, the global SCADA market is broadly segmented into hardware, software, and services. The hardware segment is further segmented into remote terminal units (RTU), programmable logic controllers (PLC), human-machine interface (HMI), process control systems (PCS), communication systems, distributed control systems (DCS), and other hardware. The services segment is further segmented into professional services and managed services. The software segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing focus of industry players on introducing innovative SCADA software.
The Cloud-based Deployments Segment to Register the Highest CAGR
Based on deployment mode, the global SCADA market is segmented into on-premise deployments and cloud-based deployments. The cloud-based deployments segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the benefits of cloud infrastructure, such as ease of adoption, minimal requirements for in-house infrastructure, high scalability, and easy installation of SCADA solutions.
The Automotive Segment to Register the Highest CAGR
Based on end-use industry, the global SCADA market is segmented into oil & gas, automotive, food & beverage, electronics & semiconductors, IT & telecommunications, agriculture, pharmaceuticals & healthcare, transportation, manufacturing, and other end-use industries. The automotive segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising need to gather real-time data to control and monitor industrial equipment and manufacturing processes and the rising adoption of industrial robots, machine vision systems, and industrial control systems.
Asia-Pacific to be the Fastest-growing Regional Market
Based on geography, the SCADA market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific region is projected to record the highest CAGR during the forecast period. The growth of this market is attributed to the increasing investment in smart factories, growing FDI in the industrial sector, increasing worker safety regulations, and the rising demand for industrial control solutions in manufacturing companies.
SCADA Market: Competitive Analysis
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading players over the past three-four years. The key players operating in the global SCADA Market are Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Pilz GmbH & Co. KG (Germany), Survalent Technology Corporation (Canada), Valmet (Finland), and Hitachi, Ltd. (Japan).
SCADA Market Report Summary :
Particular
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Details
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Number of Pages
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226
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Format
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PDF
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Forecast Period
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2023–2030
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Base Year
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2022
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CAGR
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8.4%
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Estimated Market Size (Value)
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$9.6 billion by 2030
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Segments Covered
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By Type
- Monolithic SCADA Systems
- Distributed SCADA Systems
- Networked SCADA Systems
- Other SCADA Systems
By Component
- Hardware
- Human-machine Interface (HMI)
- Distributed Control Systems (DCS)
- Remote Terminal Units (RTU)
- Programmable Logic Controllers (PLC)
- Process Control Systems (PCS)
- Communication Systems
- Other Hardware Components
- Software
- Services
- Professional Services
- Managed Services
By Deployment Mode
- On-premise Deployments
- Cloud-based Deployments
By End-use Industry
- Oil & Gas
- Pipeline Monitoring and Controls
- Remote Equipment and Asset Monitoring
- Off-shore Platforms and On-shore Wells
- Other Applications
- Automotive
- System Monitoring
- Automated Controls
- Data Collection and Analysis
- Other Applications
- Food & Beverage
- Monitoring Control
- F&B Product Consistency
- Regulatory Compliance
- Other Applications
- Semiconductors & Electronics
- Smart Machinery Maintenance
- Process Traceability
- Elimination of Manual Operation
- Other Applications
- IT & Telecommunications
- Real-time Data Analysis
- Automation of Processes
- Network Security
- Other Applications
- Agriculture
- Greenhouse Automation
- Irrigation Control
- Livestock Farming
- Other Applications
- Pharmaceuticals & Healthcare
- Pharmaceutical Manufacturing Processes
- Hospital Facilities Management
- Other Applications
- Transportation
- Airports & Aviation
- Ports & Harbors
- Railway Systems
- Other Applications
- Manufacturing
- System Monitoring
- Automated Controls
- Data Collection and Analysis
- Process Automation and Control
- Other Applications
- Other End-use Industries
By Geography
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Latin America
- Middle East & Africa
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Countries Covered
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North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Thailand, Indonesia, Australia & New Zealand, Taiwan, and Rest of Asia-Pacific), Latin America, and Middle East & Africa (Saudi Arabia, UAE, Israel, and Rest of the Middle East & Africa)
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Key Companies
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Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Pilz GmbH & Co. KG (Germany), Survalent Technology Corporation (Canada), Valmet (Finland), and Hitachi, Ltd. (Japan)
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Key questions answered in the report: