The SCADA systems market is expected to witness significant growth over the next six years, which can be primarily attributed to profound applications in oil & gas, power, and water & waste water sectors. SCADA systems are extensively used across several verticals such as food, chemicals, beverages, pulp & paper, and pharmaceuticals. SCADA systems are widely used to monitor and control industrial processes and infrastructure in manufacturing plants.
SCADA systems’ architectures have evolved over a period of time from monolithic, distributed, and networked to Internet of Things (IoT). IoT-based SCADA is considered to be the fourth generation in the evolution path.
Instrumentation process has been increasingly integrated into SCADA to leverage the emergence of big data and analytics in order to scrutinize and analyze process data. Significant enhancements in industrial automation are expected to play a pivotal role in increasing efficiency and profitability of end-customers. SCADA systems have been increasingly deployed in shale gas extraction centers to overcome the complicated exploration process pertaining to the process which is expected to favorably impact market growth over the forecast period. Increased instances of cyber crimes are expected to restrain market growth over the forecast period. Data integration from oil and gas platform is expected to pose a challenge to the SCADA systems market growth.
The SCADA systems market is characterized by mergers and acquisitions in order to gain competitive advantage. For instance, ABB acquired Power One Global in April 2013. Key industry participants include Siemens AG, Alstom, Schneider Electric, Emerson Electric Co., ABB Ltd, General Electric, Omron Corporation and Rockwell Automation.
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