ID: MRFR/ICT/1524-CRR | July, 2018 | Region: Global | 100 pages | Cooked Research Reports
Global SCADA Market Research Report — by Component (Hardware and Solution & Services), Deployment Type (On-cloud, On-premise), End-Users (Oil and Gas, Energy & Power, Manufacturing, Telecommunication, and Chemicals) – Forecast Till 2023
Industries globally have automated their processes to expedite their production flow and cater to the burgeoning demand. The web is vulnerable to cyberattacks as evident by the recent spate of botnets attacking major companies. In order to fortify their defenses from these malicious threats, industries are adopting supervisory control and data acquisition (SCADA) systems to streamline their processes. SCADA systems have separated the internet technology (IT) and operational technology (OT) of machines to avoid this particular hurdle. As per a new and detailed report by Market Research Future (MRFR), the global SCADA market is predicted to experience a 9.80% CAGR during the assessment period (2018-2023). The growth is facilitated by adoption of Industry 4.0 standards by leading companies.
The increasing demand for industrial mobility solutions can act as a catalyst for market demand over the forecast period. High initial investment costs of SCADA can be a potential irritant. But the benefits of SCADA such as faster accumulation of data, visual representation of controls, and ability of supervisors to react quicker to alarms can influence the purchasing decisions of industry leaders. In addition, developments in Industrial Internet of Things (IIoT) which have heightened the defenses of these systems can induce market demand in the coming years.
Inclination towards renewable sources of energy for utilities coupled with advances in smart grids can create the demand for advanced SCADA systems. Furthermore, to eliminate bottlenecks in the production line, manufacturers of SCADA are investing in enhancing the capabilities of programmable logic controllers (PLC). Emphasis on smart manufacturing can provide the market with new growth opportunities.
This report covers current events and trends in the market for SCADA to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections. MRFR’s report includes a thorough analysis of the global SCADA market segmented on the basis of component, deployment, end-user, and region with astute insights. The report has been prepared to assist industry players in making the right decisions which can culminate in fruitful returns. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.
By component, the SCADA market comprises hardware, software, and solutions and services. Two major methods of deploying SCADA systems outlined the report include on-premise and on-cloud. The report provides an extensive outlook on end-users leveraging on these systems to accelerate their processes. These include pharmaceutical, chemical, energy and power, food and beverages, water and waste management, oil & gas, telecommunication, manufacturing, and others.
The segments and sub-segments covered in the report are analyzed under four major regions – North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW), with respective country-level market sizing. The standard definition of “SCADA” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.
Schneider Electric SE, Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Siemens AG, Checkpoint Software Technologies Ltd., Radiflow, General Electric, Yokogawa Electric Corporation, Emerson Electric Corporation, and Honeywell Automation are eminent names profiled in in the SCADA market report.
The report offers comprehensive profiles on these market players and assesses their current standing in the SCADA market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.
Market Research Future (MRFR) employ a selective body of methods which assist in a scientific and systematic approach to research of the given field of study. Primary methods such as interviews with decision makers of leading competitors in the market have been used along with secondary methods to provide a comprehensive view of the market scenario. Credible sources such as white papers, annual reports, and SEC filings have been used as a part of objective secondary research methods. Top-down and bottom-up approaches have been applied to the field of study to provide accurate estimation and validation of the market. Inquisitive and proficient data analysts exhaust every line of research based on pertinent parameters to offer intelligent inputs and a dependable understanding of the market in its entirety.
For the scope of research, the report offers a comprehensive analysis of the global SCADA market.
Global SCADA Market – Analysis
The global market for SCADA is setting up itself for an astounding market valuation of USD 21.57 billion during the forecast period (2018-2023), states Market Research Future (MRFR) in a detailed analysis of its latest report. Supervisory control and data acquisition (SCADA) ensures secured utilization of resources from any location, and this has proved to be beneficial for many industries. This is expected to thrust the market growth at an impressive CAGR of 9.80% during the forecast period.
Industrial mobility solutions are of prime importance nowadays, and SCADA has taken a quantum leap to revamp the said scenario. SCADA updates the operational supervisors or the managers with detailed reports of the resources while it is on the move and it also supplies predictive information which quickens the decision-making process. This ability to provide real-time data has made it a market favorite.
SCADA plays an essential role in the digitization process associated with the Industry 4.0. To stay abreast requires staying updated with the latest standards and technologies. SCADA gives that window of an opportunity using which industries can get a head start. SCADA connects business with the Internet of Things (IoT) in a bid to give a holistic picture of the entire procedure to the one in control. SCADA focuses on monitoring and control, whereas IoT focuses on maintaining data. It has become imperative for businesses to adopt this technology which can propel the market growth during the forecast period.
However, high setup and functional cost can deter the market growth. It can be a big hurdle for small industries to implement SCADA and give their business the desired boost. Also, a data breach can pose a significant threat to companies which can dampen the participation of end-users.
Big data analytics has a multifarious role in diverse sectors, which when coupled with SCADA, works more efficiently. SCADA provides real-time data which aids big data analytics for predicting possible hindrances and providing prompt responses to prevent it to offer smoother function. Also, they provide sophisticated data management which ensures secure business operation.
The global SCADA market can be segmented by component, deployment, and end-user.
By component, the market can segmented into hardware, software, and solutions & services. Hardware section held the maximum market share in 2017 and can experience a healthy CAGR of 9.18% during the forecast period. Meanwhile, the software section is predicted to grow with the fastest CAGR of 11.37% during the same period.
Deployment-wise the market includes on-cloud and on-premise. On-premise, as per the market results of 2017, is leading the market and is expected to grow with a CAGR of 9.10% during the review period. However, on-cloud can register the fastest market growth in the same period with a CAGR of 11.45%.
Based on end-users, the market comprises oil & gas, water & waste management, food & beverage, energy & power, manufacturing, telecommunication, chemical, pharmaceutical and others. Oil & gas is currently leading the segment and is expected to grow with CAGR of 9.29% during the assessment period. On the other hand, water & waste management is set to record the fastest CAGR of 12.90%.
Geographically, the global SCADA market covers the latest trends and opportunities across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The APAC is currently leading the market with China making considerable contributions to take the market forward. Some key players in the global SCADA market are based out of China which has helped the country generate USD 2,194 million in 2017. Japan also contributes significantly as various companies such as Yokogawa and Mitsubishi have incorporated the system as a part of their operation architecture. Meanwhile, India has a better chance to perform well in this region with a predicted CAGR of 13.32% during the forecast period.
North America is the second largest market, with a number of end-user industries across the spectrum implementing SCADA to obtain real-time reports and minimize the chance of error occurrence. Mexico and Canada are also showing significant improvement that can spur the growth of the region.
The SCADA market is enjoying accolades from diverse industry verticals, and the market is competitive owing to the presence of many prominent global players.
Key players forming the global SCADA market are Schneider Electric SE, Checkpoint Software Technologies Ltd., Rockwell Automation, Emerson Electric Corporation, Siemens AG, Honeywell Automation, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Omron Corporation, General Electric, Radiflow, and others.
The Global SCADA market is characterized by the presence of many global, regional, and local providers.
According to MRFR analysis, General Electric is leading the global SCADA Market. General Electric is a technology and financial services company which develops and manufactures products for the generation, transmission, distribution, control, and utilization of electricity. The company is headquartered in the United States and has a global presence in EMEA and Asia Pacific region with an employee strength of 295,000 employees. The company has operations in more than 180 countries. The company benefits hugely from its skilled workforce and a strong customer base to achieve a global reach in the market. Various acquisitions and strategic partnerships have helped the company to use its technical expertise to stay ahead in the competitive market. The company plans to enhance its product portfolio and emphasize on sales to its existing customers in energy, aviation, and oil-and-gas businesses and obtain new customers in various other sectors to maintain its leading market position.
Emersion Electric has successfully occupied the second position in the global SCADA market. Emerson Electric Corporation is a leading manufacturer of process control systems, valves, and analytical instruments. The company operates through following reportable segments: process management, industrial automation, climate technologies, and commercial & residential solutions. The company is headquartered in the United States, and has a global presence in countries like China, India, Latin America, and South East Asia region and has an employee strength of 76,500 employees. The company is focused on driving growth from industries such as Midstream Oil and Gas, Chemicals and Refining, Power and Life Sciences. Also, the company is investing in research and development of SCADA systems and enhancing its corporate network by expanding its business into untapped areas to maintain its market position.
Siemens AG has occupied the third position in the global SCADA market. Siemens AG is headquartered in Germany and engages in the production and supply of systems for power generation, power transmission, and medical diagnosis. Geographically, the company has their business operations Europe, CIS, Africa and the Middle East; the Americas, and Asia and Australia. The company has an employee strength of 372,000 and is strongly placed in global SCADA market. The major advantage for Siemens AG is its strong product portfolio, skilled workforce, diversified revenue and strong technology-driven services. The company follows organic as well as inorganic growth strategy. With high investment in its research & development, it is continuously expanding its product portfolio which thereby supporting its market growth. The company also focuses on its capability upscaling and mergers & acquisitions to strengthen its expertise in technology and maintain its market position.
Schneider Electric has occupied fourth position in the global SCADA market. Schneider Electric is a global provider of energy management and automation solutions. The company is headquartered in Rueil-Malmaison, France and has an employee strength of 153,124 with a skilled workforce. The key advantage of Schneider Electric is its strong global presence and strong brand value. The company strongly focuses on organic growth strategy by providing world-class software and services to its customers to gain a strong employee base. The company plans to accelerate the growth of their profitable businesses by improvising their systems and equipment. Digitization forms the core of the company’s key strategy and the company aims to support digital transformation of its customers and partners. The company is investing in research and development of SCADA systems to maintain its market position.
Honeywell Automation has occupied the fifth position in the global SCADA market. Honeywell Automation offers wide range of products & services including aerospace products & services, turbochargers, energy efficient product solutions for home and businesses, specialty chemicals, and process technology for refining & petrochemicals. The company is headquartered in the U.S. and operates from offices located in India, China, North America, Canada, Germany, and Japan. The company heavily invests in research and development of SCADA systems. The company has a large customer base and a diversified product portfolio. Honeywell primarily focuses on an organic growth strategy with more focus on innovation. The company also aims to tap into the new geographical areas to increase its global presence and customer base to maintain its market position.