According to the research report titled ‘Global SCADA Market Size, by Component (Human machine interface, remote terminal unit, programmatic logic controller, communication system and others), by Architecture (Hardware, software and services), by Industry (Oil & gas, power & energy, water & wastewater, transportation, telecommunication, chemicals, Pharmaceuticals, food & beverage, manufacturing and others) and Regional Forecasts 2020-2027’, available with Market Study Report, global SCADA market was remunerated USD 11 billion in 2019 and is projected to expand at 6.7% CAGR over 2020-2027, accumulating USD 18.48 billion by the end of the forecast timeframe.
 

The report states that growing industrial automation is primarily driving global SCADA market growth. SCADA is crucial in industrial automation as it allows for efficient monitoring and control of various processes in the manufacturing and processing industries.
 

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According to the International Federation of Robotics (IFR), global industrial robot use is increasing at a rate of 14% per year, with 630,000 units expected by 2021, up from 421,000 in 2018. Asia and Australia are the biggest users of industrial robots, accounting for more than 60% of industrial robot use globally, cited the same source.
 

As per the study conducted by General Electronics in 2018, sector-wise bifurcation of manufacturing indicates that reliance on industrial IoT applications is highest in power and energy sector with 64%, utilities at 58% and aviation & aerospace at 62%. Hence, surge in adoption of robots and advanced technologies like IoT are expected to augment worldwide SCADA industry size in the upcoming years.
 

For those unversed, SCADA stands for Supervisory Control and Data Acquisition, and it is a software and hardware framework that allows industrial enterprises to collect, track, and process real-time data. It provides direct interaction with devices in an enterprise, such as sensors, pumps, valves, and motors, by utilizing human machine interface software. It also records events in log files for end users in industries such as telecommunication, pharmaceuticals, oil & gas, power generation, and manufacturing, among others.
 

On the downside, hefty capital requirement for installation and maintenance of SCADA system is likely to impede the industry expansion over the forecast timespan.
 

On the regional front, North America presently holds significant portion of global SCADA market share, attributable to growing adoption of the technology in several end-use industries.
 

Meanwhile, Asia Pacific industry is projected to showcase a strong growth rate over the assessment period, owing to introduction of 5G technologies in industrial sector and increasing production of renewable energy.
 

Leading organizations in global SCADA market sphere are Willowglen Systems, Inc., Yokogawa Electric Corporation, Omron Corporation, Honeywell International, Inc., General Electric (GE), Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Emerson Electric Co., and ABB Group.