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(IT-NEWSWIRE.COM, July 09, 2019 ) According to the latest report by IMARC Group, titled “Global SCADA Market Research Report and Forecast 2019-2024”, the global SCADA market size reached US$ 18.6 Billion in 2018. Supervisory control and data acquisition (SCADA) is an industrial control system (ICS) that employs computers, network data communications and graphical user interfaces for high-level process supervisory management. It assists in collecting information, transferring it back to the central computer, alerting the home station, carrying out the required analysis and displaying the analysis to the user. It provides the facility of storing large amounts of data and offers an interface to connect the different sensors deployed in an area. Additionally, it aids in maintaining efficiency, processing data for smart and quick decision making, and communicating system issues to help mitigate downtime.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/scada-market/requestsample
Global SCADA Market Trends:
One of the pivotal factors bolstering the growth of the market is the growing popularity of SCADA systems around the world. This can be attributed to the assistance offered by these systems in distinguishing faults within the machinery and minimizing potential defects. Besides this, the cost-effectiveness of the SCADA framework is also stimulating the demand for these systems around the world. They can also disseminate power by re-steering electricity from excess capacity regions to areas with a lack of power supply. Another factor which is impelling the market growth is the increasing employment of SCADA systems in the oil and gas industry since they help in enhancing the extraction output, streamlining production and minimizing losses. Looking forward, the market is projected to reach a value of US$ 26 Billion by 2024, expanding at a CAGR of around 5.7% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/scada-market
Market Summary:
Market Breakup by Component:
1. Programmable Logic Controller (PLC) 2. Remote Terminal Units (RTU) 3. Human Machine Interface (HMI) 4. Communication Systems 5. Others
Based on the component, the market has been classified into the programmable logic controller (PLC), remote terminal units (RTU), human machine interface (HMI), communication systems and others.
Market Breakup by Architecture:
1. Hardware 2. Software 3. Services
On the basis of the architecture, the market has been divided into hardware, software and services. Currently, services account for the majority of the total market share.
Market Breakup by End-User:
1. Oil and Gas 2. Power 3. Water and Wastewater 4. Manufacturing 5. Chemicals and Petrochemicals 6. Pharmaceutical 7. Others
The market has been analyzed on the basis of the end user into oil and gas, power, water and wastewater, manufacturing, chemicals and petrochemicals, pharmaceutical and others. Presently, the oil and gas segment exhibits a clear dominance in the market.
Market Breakup by Region:
1. Europe 2. North America 3. Asia Pacific 4. Middle East and Africa 5. Latin America
Region-wise, the market has been segregated into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Amongst these, North America represents the largest market, holding the majority of the global share.
Competitive Landscape:
The competitive landscape of the market has been examined with some of the key players being ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Alstom, General Electric Co., Honeywell International, Inc., Omron Corporation, Yokogawa Electric Corporation, Iconics Inc., Elynx Technologies, LLC, Enbase LLC, Globalogix and Inductive Automation.
Browse similar reports by IMARC Group:
Computer Numerical Control (CNC) Market Research Report and Forecast: https://www.imarcgroup.com/computer-numerical-control-market
Digital Multimeter Market Research Report and Forecast: https://www.imarcgroup.com/digital-multimeter-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Pvt. Ltd.
Richard Lewis
6317911145
sales@imarcgroup.com
Source: EmailWire.Com
Source: EmailWire.com
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