Market research Future SCADA Market Expected To Blowout At a CAGR of 6.5 | Page 3

SCADA Global Market Research Report- Forecast to 2023
2 SCADA Global Market Overview: -
SCADA is an automation system that helps to acquire data from remote devices by using transmitters,
pumps which is installed in the field. It provides remote control and also helps to operate the devices.
Exploration of new oil and gas fields and low operational cost are the key factors that have led to a spur in
the market of SCADA system. Moreover, Factors such as graphic display, trending, alarm, and data storing
features are driving the market. Huge potential from renewable energy sector, high investments in
infrastructure are some of the factors which are booming the SCADA market. Additionally demand for
reliable power distribution and transmission among different industries, rising demand for SCADA systems
in oil & gas industry in emerging markets for efficient oil extraction are likely to accelerate the growth of
supervisory control and data acquisition market during the forecast period. As per the study conducted by
Market Research Future, the global market for SCADA systems is likely to grow at the CAGR of around
6.5%.
SCADA Global Market – Segmentation
The scope of global SCADA systems market is segmented into two major segments which are explained
below:


By Technology
o PLC
o RTU
o Communication System
By Application
o Oil & Gas
o Transport
o Manufacturing
o Others
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