SCADA Market - Global Industry Analysis and Forecast (2022-2029)

SCADA Market was worth US$ 12.69 Bn. in 2021 and total revenue is expected to grow at a rate of 6.4 % CAGR from 2021 to 2029, reaching almost US$ 20.85 Bn.
SCADA Market Overview:

SCADA is a software and hardware system that enables industrial organisations to monitor, gather, and process real-time data, as well as control and monitor industrial processes locally or remotely. End users can also utilize human machine interface (HMI) software to interact directly with devices like sensors, valves, pumps, and motors, as well as record occurrences in a log file. Industrial SCADA systems are in high demand because they assist maintain efficiency, process data for better decisions, and notify system faults to help minimize downtime.

SCADA Market Dynamics:

The electricity distribution company (discom) – Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) – will shortly launch a supervisory control and data acquisition (SCADA) system on the network for real-time monitoring of power distribution in Noida. The growing importance of real-time data in industrial environments for process analysis and proactive maintenance, as well as the expanding need for automation technologies, are driving the adoption of Industry 4.0. Most industrial processes and systems can be automated with Industry 4.0, allowing manufacturing units to run around the clock. It also eliminates the human errors that are common in manufacturing operations. Cyber-physical systems, IoT, and cloud computing are all part of Industry 4.0. SCADA system helps real-time reporting to gather current and historical data as well as forecast future developments. As a result, in smart factories, using a SCADA system allows operators to forecast machine maintenance needs, schedule production accordingly, and avoid emergencies and equipment failure during the manufacture of valuable products.

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