SCADA Market In Process Industries To Driven By Increasing Growth At CAGR of 5.08% By 2020
SCADA connects multiple systems to one centralized operation, and enables control from a remote location. The technology is mainly used for data acquisition, communications, control, and infrastructur...
SCADA connects multiple systems to one centralized operation, and enables control from a remote location. The technology is mainly used for data acquisition, communications, control, and infrastructure management in an industrial set-up.
Municipal bodies worldwide are adopting SCADA systems for efficient supply and distribution of water and recycling wastewater in urbanized areas. Vendors are shifting to cloud-based SCADA to overcome issues related to the hardware layer of IT infrastructure and maintenance, resulting in reduced end-user costs and greater flexibility. However, the implementation of SCADA and the costs incurred in switching vendors are high. This makes the existing end-users stay with the same provider and the new users cautious before implementing the system.
Technavios analysts forecast the global SCADA market in process industries to grow at a CAGR of 5.08% during the period 2016-2020.
Covered in this report
The market is divided into the following segments based on geography:
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Technavio's report, Global SCADA Market in Process Industries 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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