The supervisory control and data acquisition market was valued at US$ 9,420.0 million in 2017 and is projected to reach US$ 17,252.8 million by 2026, exhibiting a CAGR of 6.4% over the forecast period, according to Global supervisory control and Data Acquisition Market Report, by Offering (Hardware, Software, and Services), by Component (Human Machine Interface, Communication System, Remote Terminal Unit, and Others), by Application (Oil & Gas, Transportation, Telecommunication, Chemicals, Food & Beverages, Manufacturing, Water & Wastewater Treatment, and Others), published by Coherent Market Insights.
Supervisory control and data acquisition (SCADA) is implemented for command, control, communication, and surveillance purposes. Increasing demand for continuous maintenance of machinery in various industry verticals such as automotive, oil & gas, energy power, and others, in order to ensure safety of equipment, environment, and employee is driving the SCADA market growth. Moreover, rising demand for data sharing and real-time data monitoring from remote location is fueling growth of SCADA, which in turn reduce the operational cost and enhances the quality of work.
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Key Trends and Analysis of the Global Supervisory Control and Data Acquisition Market:
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