SCADA Market to exhibit growth at a CAGR of 7.72% through 2023-2027 

The scada market is expected to grow by USD 4.25 billion, at a compound annual growth rate (CAGR) of 7.72% between 2022 and 2027.Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. 

SCADA Market Segmentation 

• The end-user segments of the SCADA market are manufacturing, oil and gas, power, water and wastewater treatment, and others. Moreover, it covers geographical regions such as APAC, North America, Europe, Middle East and Africa, and South America and classifies Type into Solutions and Services.
• When it comes to the segment that is generating more revenue, it is oil and gas segment. It was valued USD 1,936.04 Billion in 2017 and continue to grow through 2023-2027.
• Geographically over the course of the projected period, APAC is expected to contribute 43% of the growth of the global market owing to the the investments and industrial advancements in the region, the market in Asia is anticipated to grow quickly.

Snapshot of the SCADA Market Analysis

ABB Ltd., ALSTOM SA, Capula Ltd., Check Point Software Technologies Ltd., Elynx Technologies LLC, Emerson Electric Co., General Electric Co., Honeywell International Inc., Inductive Automation LLC, JFE Holdings Inc., Mitsubishi Electric Corp., OMRON Corp., Ovak Technologies LLC, Radiflow, Rockwell Automation Inc., Schneider Electric SE, TOSHIBA CORP, Yokogawa Electric Corp., Siemens AG, and Hitachi Ltd. are some of the major market participants contributing significantly to the market advancement across APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, France

Techanvio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. For more insights and data-backed analysis download our best-selling report on SCADA Market