The SCADA 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 & wastewater sectors. SCADA systems are extensively used across several verticals such as food, chemicals, beverages, pulp & paper, and pharmaceuticals. SCADA is 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.
The 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 the 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 cybercrimes are expected to restrain market growth over the forecast period. Data integration from the oil and gas platform is expected to pose a challenge to the SCADA market growth.
The SCADA market is characterized by mergers and acquisitions in order to gain a 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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In contrast to its related industries like consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be more buoyant with continued strategic investments made to support the increased network traffic and data usage for remote working during the lockdown phase. From school closures necessitating students to use virtual offerings (Google Classroom ) to the governments using business analytics services (Power BI) for communicating virus updates, the demand for communication services and related infrastructure has witnessed an unprecedented rise amidst the global pandemic. Digital services including telemedicine are expected to remain popular even after the pandemic is contained, thereby ensuring strong growth in the communication infrastructure industry. The report will account for Covid19 as a key market contributor.