Global SCADA Market: The advancement of cloud-based supervisory control and data acquisition and wireless sensor network-based SCADA is expected to fuel the market over the forecast period.

The global SCADA market size was valued at USD 9.2 billion in 2020 and is projected to reach USD 13.2 billion by 2027, it is expected to grow at a CAGR of 7.6% from 2020 to 2027. SCADA systems are used for automation largely by industries such as power, water & wastewater management, and oil & gas. Supervisory control and data acquisition systems with their exclusive feature such as capturing data from the distant area devices and allowing the central computer to monitor and control the processes from a particular location is expected to witness an expansion in their applications in the industry. SCADA systems offer great help as a monitoring system, in a cost-efficient manner, thereby raising the operational competence of the firm. Advantages of automated control systems over the physically controlled procedure include less process time, increased efficiency, and convenience.

This market is propelled by some factors, such as growing infrastructure investments in budding economies, increasing the threat of cyber risk, and a substantial surge in process automation in numerous industry verticals. The advancement of cloud-based supervisory control and data acquisition and wireless sensor network-based SCADA is expected to fuel the market over the forecast period. This industry involves RTUs (remote terminal units), communication systems, HMI (human machine interface), and PLC (programmable logic controllers).

The supervisory control and data acquisition systems market is anticipated to foresee high growth over the forecast period owing to the enormous potential of the renewable energy industry, high investments in infrastructure for sections such as power (transmission and distribution), oil & gas and water & wastewater management. These are some of the factors which are expected to drive the growth of the supervisory control and data acquisition market over the forecast period. Cyber security risk is assumed as a significant challenge, which is being often faced by this market. Growing demand for automation in different energy sections is one of the primary factors driving this market. The supervisory control and data acquisition systems are used to monitor various complex systems and procedures in power plants, oil and gas, water & wastewater management, industrial facilities, pharmaceuticals, and telecommunication among others.

The demand for consistent power transmission and distribution among various industries, increasing demand for SCADA systems in oil & gas industry and growth in infrastructure investments in rising markets of Asia Pacific for proficient oil extraction are expected to speed up the growth of supervisory control and data acquisition systems market over the forecast period.
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 implementation of automation is increasing in APAC because of the rising necessity for high-quality products, along with the increased production rates. It also helps in the reduction of labor cost and human interference. The demand for process automation and instrumentation is very high in Asia Pacific owing to the increasing investment in power transmission and distribution. China, India, and Japan are considered as the largest electricity generating countries in APAC. The presence of key players such as OMRON (Japan) and Yokogawa Electric (Japan) in the region supports the growth of the market.

Automation of the procedures allows these systems to store historical information for trend analysis. By region, this market can be segregated into Asia-Pacific, Europe, North America and Rest of the world. In the last few years, North America has the largest share regarding revenue owing to reliable and improvised power management accompanied by massive investment in technologies. North America is projected to continue dominating over the forecast period. Europe is expected to be the second-largest revenue generator over the forecast period owing to increasing demand for automation procedures in oil & gas sector. Asia-Pacific is expected to grow rapidly over the forecast period due to increasing investment is done by governments and companies in various industry for automation.