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Supervisory Control and Data Acquisition (SCADA) Market (By Offering: Hardware, Software, and Services; By Component: Human-machine Interface (HMI), Programmable Logic Controller (PLC), and Remote Terminal Units (RTU); By Application: Electrical Power, Oil & Gas, Water & Wastewater, Manufacturing, Transportation, Telecommunication, Chemicals, Food & Beverages, Pharmaceuticals, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global supervisory control and data acquisition (SCADA) market size was valued at US$ 9.50 billion in 2022 and is expected to reach over US$ 28.60 billion by 2032 with a registered CAGR of 11.7% from 2023 to 2032.
SCADA stands for supervisory control and data acquisition, and it is used to monitor and control field devices at remote locations. The supervisory control and data acquisition (SCADA) systems are important because they collect and process real-time data, which helps preserve efficiency.
The supervisory control and data acquisition (SCADA) market expansion is being fueled by factors such as the increasing adoption of solutions for industrial mobility. To monitor the production flow, several sectors have shifted to automated operations. The industries are increasingly embracing the supervisory control and data acquisition (SCADA) system to defend the system from cyber threats.
The supervisory control and data acquisition (SCADA) is a control system that employs PCs, graphical user interfaces, and networked data communications to provide high-level process supervisory management and real-time data, especially from topographically remote places. It is utilized in a variety of industries, including oil and gas, power, pharmaceuticals, water and wastewater treatment, chemical and petrochemical, automotive and electrical, and electronics, to improve efficiency and production.
The increased acceptance of industry 4.0 solutions using supervisory control and data acquisition (SCADA) systems, rising demand for industrial mobility solutions for effective process industry management, and use of software platforms such as internet of things (IOT) and artificial intelligence (AI) are all driving the growth of the supervisory control and data acquisition (SCADA) market during the forecast period.
The supervisory control and data acquisition (SCADA) system has simplified the machines necessary for operational technology and machine technology, resulting in improved cyber-security. The software segment of SCADA is expected to grow in upcoming years. The expansion is also influenced by investments by key market players in SCADA systems.
| Report Coverage | Details |
| Market Size in 2023 | US$ 10.56 Billion |
| Growth Rate From 2023 to 2032 | CAGR of 11.7% |
| Revenue Projection in 2032 | US$ 28.60 Billion |
| Largest Market | Asia-Pacific |
| Fastest Growing Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Companies Mentioned | Schneider Electric S.E., ABB Ltd., Hitachi Ltd., IBM Corporation, Emerson Electric Co., Rockwell Automation Inc., Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Omron Corporation |
Based on the offering, the software segment dominated the market in 2022, in terms of revenue and is estimated to sustain its dominance during the forecast period. The supervisory control and data acquisition (SCADA) system is mainly used for the collection of data. The software is the computer program that helps to monitor factory and plant operations.
On the other hand, the hardware segment is estimated to be the most opportunistic segment during the forecast period. The functions of supervisory control and data acquisition (SCADA) hardware are data collection, data transfer, data processing, information display, and control actions.
Based on the component, the remote terminal units (RTU) segment dominated the market in 2022, in terms of revenue. The main task of RTU is to control and collect data from remote process equipment and send it back to a central station. It usually has the ability to dynamically download its setup and control program from a central station.
On the other hand, the programmable logic controller (PLC) segment is estimated to be the most opportunistic segment during the forecast period. The increased deployment of robots for automation across the automotive manufacturing, electrical, and electronics industries is a major growth indication for PLCs in the manufacturing sectors.
Based on the application, the oil and gas segment dominated the global supervisory control and data acquisition (SCADA) market in 2022, in terms of revenue. The automation technologies are being implemented by oil and gas industries all around the world to improve resource utilization and field visibility. Supervisory control and data acquisition (SCADA) provides a proactive and enhanced technique of diagnosing problems with real-time data, enabling quick decisions and profit maximization.
On the other hand, the food and beverage segment is estimated to be the most opportunistic segment during the forecast period. In the food and beverage sector, the supervisory control and data acquisition (SCADA) is used for a variety of tasks, including visualizing production, maintaining quality standards, creating reports, and packaging. It improves food safety and quality while reducing product waste by providing greater alarming capabilities, improved integration, traceability, and predictive and preventative maintenance. The constantly growing food and beverage industry around the world will lead to an increase in the utilization of SCADA.
Based on the region, the Asia-Pacific region has dominated the global SCADA market in 2022. The Asia-Pacific region is the dominant region as it is production and technical center, which will help supervisory control and data acquisition (SCADA) applications to develop. The countries such as South Korea, China, and Japan are giving the best solutions for the SCADA applications.
The North America is estimated to be the most opportunistic segment during the forecast period. The advanced solutions and rapid technology advancements are critical factors for tremendous growth in North America region.
Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting different marketing strategies, such as new product launch, investments, partnerships, and mergers & acquisitions. The companies are also spending on the development of improved products. Moreover, they are also focusing on competitive pricing.
In February 2019, the Emerson had acquired the General Electric’s intelligent platform business.
The various developmental strategies such as acquisition, business expansion, investments, new product launches, partnerships, joint venture, and mergers fosters market growth and offers lucrative growth opportunities to the market players.
Segments Covered in the Report
By Offering
By Component
By Application
By Geography
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