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SCADA Market Expected to Reach USD 11.69 Billion by 2022 - Scalar Market Research
Scalar Market Research
The global SCADA market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.
Browse Report Summary: https://www.scalarmarketresearch.com/market-reports/scada-market
Buyers will receive 10% customization on this report.
Key findings of the report:
1. The strong rise in demand for renewable energy and especially from the energy and utility sector is attributed as one of the major driving factors for the global SCADA market.
2. The rising integration of the Internet of Things (IoT) technologies across major end-user sectors is also expected to be one of the strong driving factors for the growth of the SCADA market during the forecast period.
3. The reduced long-term operational costs and maintenance costs through SCADA is also expected to increase its adoption across the globe, driving the SCADA market in the near future.
Services projected to grow at the fastest CAGR in the SCADA market:
According to the report, services are expected to dominate the type segment of the global SCADA market, based on the growth rate. This segment is expected to grow at the fastest CAGR during the forecast period. The report attributes this growth to the rising demand from various end-user industries across the world. The hardware segment, on the other hand, is expected to be the largest type segment of the global SCADA market.
Asia-Pacific expected to become the fastest-growing geographic region:
According to the SCADA market report, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. North America, on the other hand, is expected to hold the largest share of the SCADA market during the next few years to come. The report attributes this growth to the rising awareness about the advantages of the SCADA software and systems and their rising adoption.
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The SCADA market report provides analysis of the key players, including:
1. ABB Ltd.
2. Alstom
3 Cisco Systems, Inc.
4. General Electric
5. IBM Corporation
6. Omron Corporation
7. Rockwell Automation, Inc.
8. Schneider Electric SE
9. Siemens AG
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About Scalar Market Research:
Scalar Market Research, Inc. is a Chicago, U.S.-based market research and consulting firm that serves Fortune 1000 companies, leading businesses and upcoming organizations from around the world to help them achieve their business goal of sustainable revenue growth, utilizing Scalar's premium market research reports and consulting services to make critical strategic decisions.
Our real-time industry data tracking, with the help of advanced analytics and machine learning, offers our clients highly accurate 360-degreeperspective of key developments in niche markets. Our team of industry experts, with a thorough understanding of the global markets and cumulative industry experience spanning 100+ years, works relentlessly to help our clients realize their most important business goals.
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