Global SCADA Market worth USD 15.78 Billion at CAGR 8.96% By 2023 SCADA Market_PDF | Page 2

SCADA market Research Report- Forecast to 2022
1 Summary
SCADA systems are capable of communicating with adjacent technical equipment through network links
such as profibus, RS-485 and others. Increase in technical developments has led to replacement of network
links by Ethernet cables which can standardize communication protocols. SCADA systems are capable of
providing remote access to monitoring systems with the help of internet by integrating with web
technologies. This helps in monitoring controls in smart phones and tablets.
Assessment of new oil and gas fields and low operational cost of SCADA are the key factors leading to
growth for global SCADA market. Increase in demand for reliable power distribution and transmission
systems, remote monitoring techniques among various industries are the various factors that are fuelling
the market growth. The high initial investments in installation and deployment is hindering the market
growth.
Key Players:
Some of the major player operating in the market of Global SCADA are ABB (Sweden), Rockwell
Automation (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Siemens AG
(Germany), Emerson Electric (U.S.), eLynx Technologies (U.S.), Enbase Solutions (U.S.), Globlx (U.S.),
Iconics (U.S.), IBM Corporation (U.S.), Mitsubishi Electric Corporation (Japan) among others.
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