Global SCADA Market worth USD 15.78 Billion at CAGR 8.96% By 2023 SCADA Market_PDF | Page 3

SCADA market Research Report- Forecast to 2022
2 Market Overview: -
The global market of SCADA around the world is growing rapidly. Increasing demand for automation in
different energy verticals is the key factor which driving the market of SCADA. North America leads the
global SCADA market. It offers benefits such as real time detection of faults in machineries, decrease the
amount of defects in output as well as decrease production cost. SCADA systems are being deployed in
countries like India and China for smart grid techniques and to reduce power transmission and distribution
losses. The existing supply and demand gap in the oil and gas sector has increased the need for efficient
search and extraction of oil and gas. SCADA systems are implemented to maximize oil and gas extraction.
Additionally, the renewed interest in shale gas extraction has also driven the SCADA systems market.
Intended Audience:
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SCADA distributors and providers
SCADA software package vendors
SCADA component suppliers
Professional service/solution providers
Research organizations and consulting companies
Technology investors
Technology standard organizations
Market Research Analysis: -
Regional Analysis
Geographically, Asia Pacific dominates the market for global SCADA market and is expected to grow at
a rapid rate through the forecast period. Demand for SCADA in industries to implement automation is
increasing among developing countries like India and China. Rising demand and deployment in power
industry is fuelling the market in this region. North America holds the second place in the global SCADA
market. Investments in oil & gas industry and rise in Industrial Internet of Things are driving the market in
this region..
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