DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "SCADA Market by Component, Application and Architecture - Global Opportunity Analysis and Industry Forecast, 2014 - 2022" report to their offering.
The report forecasts the global market to reach $40,240 million by 2022 at a CAGR of 5.1% from 2016 to 2022. The human machine interface (HMI) and programmable logic control (PLC) segments collectively occupied almost two-thirds share in the global SCADA market, by components, in 2015. By applications, oil & gas and electrical power together occupied close to one-third share in the global SCADA market in 2015.
SCADA is an automated tool which can supervise, analyze, collect data and generate reports. The global SCADA market is expected to witness significant growth during the forecast period, owing to growing demand for safety, reduction in transmission losses, and integration with corporate IT by deploying SCADA data to cloud. However, factors such as increasing cyber-attacks and management issues with the data generated are likely to hold back the market growth.
Growth in manufacturing and pharmaceutical sectors is expected to drive the growth of SCADA market. Industry sectors such as power, oil & gas and chemicals are using SCADA for safety and automation thereby driving the SCADA market globally. Together the three end-user industries accounted for almost half of the share in SCADA market in 2015.
Companies Mentioned
- IBM Corp
- Hitachi LTD
- Alstom
- Honeywell International
- ABB LTD
- JFE Engineering Corporation
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Rockwell Automation
-
Schneider Electric
Key Topics Covered:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Global Scada Market By Components
Chapter 5. Global Scada Market By Application
Chapter 6. Global Scada Market By Architecture
Chapter 7. Global Scada Market By Geography
Chapter 8. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/9f7wx5/scada_market_by
