SCADA Market
SCADA Market Global Industry Assessment & Forecast
Segments Covered
- By Type Hardware, Software, Services
- By Application Oil & Gas, Water & Wastewater, Chemicals, Pharmaceutical, Electrical & Electronics industry, Manufacturing, Transportation, Telecommunication, Food & Beverages, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 9.88 Billion |
Revenue 2028: | 17.10Billion |
Revenue CAGR (2021 - 2028): | 7.1 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: SCADA Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Consistent, vigorous, and actionable data analysis that would help to make key business decisions
- Statistically improved and reliable insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of SCADA market.
FAQ
Frequently Asked Question
What is the global demand for SCADA in terms of revenue?
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The global SCADA valued at 9.88 Billion in 2020 and is expected to reach 17.10Billion in 2028 growing at a CAGR of 7.1%.
Which are the prominent players in the market?
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The prominent players in the market are JFE Engineering Corporation, Hitachi LTD, Honeywell International, Siemens, Emerson Electric Co., Yokogawa Electric, Schneider Electric, Inductive Automation, Alstom, IBM Corp, ABB, General Electric, Emerson Electric, Mitsubishi Motors, Rockwell Automation..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 7.1% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the SCADA include
- The increasing adoption of Industry 4.0 across both manufacturing and process industries and the increasing demand for automated robots is anticipated to augment the growth of the SCADA market over the forecast period.
- Furthermore, the surging demand for emerging technologies such as IoT and artificial intelligence in industrial environments is also expected to further fuel the growth of the market in the near future.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the SCADA in 2020.