SCADA or supervisory control and data acquisition is a software application that is specially designed so that they can easily track and monitor a process by gathering the data. This software is mainly used in oil and gas, telecommunication, waste and water control and other industries. Thera main function is to monitor and control the equipment and plants. They are very useful for the industries because they can help them to work efficiently and use the data so that they can make smarter decisions. SCADA system usually consists of field data interface equipment, communications system, central host computer server, and set of standard or customized software system. These systems consist of both hardware and software components in which hardware function is to collect the data and with the help of the SCADA computer enter this data into the computer.
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Some of the factors which are responsible for the growth of this market are as follow:
The Global SCADA Market is segmented on the basis of component into human machine interface, remote terminal unit, programmable logic controller, and communication system ; architecture segmented into hardware architecture, software architecture, and services and application is segmented into oil & gas, power, water & wastewater, transportation, telecommunications, pharmaceuticals, chemicals, manufacturing, and food & beverages.
Key Development in the Market
“According to Data Bridge Market Research, global SCADA market accounted for USD 9.34 billion in 2016 growing at a substantial CAGR during the forecast period of 2017 to 2024”
Some of the major players of the global SCADA market are ABB, Schneider Electric SE, General Electric Co., Cameron Solution Inc., Capula Ltd and others.
SCADA is very useful for the easy flow of work in different industries. With integration of wireless sensor network in SCADA the application of SCADA has been increased. They are helping the user so that they can interact with different pumps, sensors and others. This software is also in high demand in industries because they are widely used in helping them to main efficiency and help them to tackle the problems easily. These are creating many new opportunities for the SCADA market.
Global SCADA Market - Industry Trends and Forecast to 2026