SCADA Market, by Type (Hardware, Software, Service), Hardware (RTU, PLC, Communication Device, Other Hardware), Service (Consulting, Integration & Implementation, Repair & Maintenance), End-user (Public Sector, Manufacturing, Oil & Gas, Energy & Utility, Transportation, Telecom) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022 - SCADA Market is worth USD 7.25 billion in 2016 and is expected to reach USD 11.69 billion by 2022, at a CAGR of 8.3% from 2016 to 2022.
Chicago, IL -- (SBWIRE) -- 03/28/2017 -- The objective of this report SCADA Market is to describe the market trends and revenue forecasts for the SCADA market for the next five years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the SCADA market. The scope of this report covers the SCADA market by its major segments, which include the types, hardware, services, end-users, and the major geographic regions.
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KEY PREMIUM INDUSTRY INSIGHTS:
The major reasons for this growth are growing demand for renewable energy in the energy & utility sector is increasing the uptake of SCADA systems, which is expected to drive the SCADA market.
The reduction in long-term operational and maintenance cost and the rising integration of IoT technologies across major end-user verticals are also some of the major driving factors for the SCADA market.
However, the high cost of deployment associated with SCADA systems is likely to hinder market growth.
Also, the lack of awareness and threat associated with data privacy and security are likely to hamper market growth.
The research methodology for Scalar Market Research's SCADA market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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