"Smart Strategies, Giving Speed to your Growth Trajectory"
Supervisory Control and Data Acquisition abbreviated as SCADA is a supervisory and control system used to monitor, store, and analyze real-time data of scattered assets. SCADA has a control framework that uses personal computers, graphical user interfaces and data communication networks for obtaining real-time data from isolated areas. SCADA system is implemented across different industries such as manufacturing, electric & gas utilities, telecom & IT for supervisory process management. The SCADA system collects real-time data of the asset as well as monitors, analyzes and processes it locally or from a remote location. Human Machine Interface (HMI) software is mostly incorporated into the system, which offers direct interaction of end-user with devices such as pumps, valves, sensors, motors, etc. and records them into its log for future use and analysis. SCADA system redirects power from one place to another, becoming one of the primary reasons for the increasing demand for SCADA systems in the market. SCADA system is mainly adopted due to its efficiency, data analysis & processing automation, and downtime.
Key Market Driver -
• High penetration of mobile SCADA system • Growth of big data analytics • Rapid growth in the use of cloud computing technology in Industry
Key Market Restraint -
• Risk of cyberattacks
Siemens integrated a SCADA system in the TIA Portal to increase the digitalization of the production process. The digitalization of the industrial process includes virtual monitoring and operation control. The system can be implemented for a single to scattered multi-user stations that provide oversight and control of industrial processes from remote locations through web clients.
AVEVA Group plc. and its subsidiaries provide software and solutions for digital transformation in industrial processes. The company offers a set of HMI/ SCADA systems and intelligent solutions to integrate the number of assets or components for optimizing the industrial automation process. The optimized solution provided by the company delivers real-time monitoring and operational controlling of assets from remote locations. The company patented Citect SCADA system offer advantages such as real-time decision making, reduced latency, increased operator awareness, increased operational productivity, navigation and alarming tools, etc.
Some of the key competitors in the SCADA market include Emerson Electric Co., Schneider Electric, ABB Ltd., AVEVA Group plc, Hitachi, Ltd., JFE Engineering Corporation, Check Point Software Technologies Ltd., Yokogawa Electric Corporation.
Increasing demand for reduction in loss of materials and cost-optimized solutions are anticipated to supplement the adoption of SCADA systems in different industries such as oil and gas industries, water & wastewater processing plants, and manufacturing, among others. Real-time fault recognition in machinery becoming a significant cause in the increasing adoption of the SCADA system across the gas and hydraulics industries.
To gain extensive insights into the market, Request for Customization
Developed wireless network communication architecture and increment in the demand for cloud-based infrastructure are projected to increase the adoption of IoT technology in industrial verticals, which is expected to further contribute to the growth of the SCADA market in the U.S., Canada, Mexico, and related countries. The presence of major key players such as Yokogawa Electric Corporation, Mitsubishi Electric Corporation, and Omron Corporation in India, China and Japan, is expected to drive the market in the Asia Pacific region during the forecast period. An increase in the use of SCADA by power operators and service providers is likely to supplement the growth of North America SCADA market. The presence of SCADA systems providers and software providers in the region also fuelled the growth of SCADA in the region.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry