Here is why the SCADA market is expected to grow steadily

Steadily, one can observe that, the key driving factors for the growth of the SCADA market are increased demand for industrial mobility for remotely managing the process industry, increasing adoption of cloud computing in SCADA system, increasing infrastructure development in terms of smart cities and transportation, and rising adoption of Industry 4.0 using SCADA system.

However, Research and Markets revealed that, the high investment cost for setting up of SCADA system, and declining and fluctuating oil and gas prices are considered to be the major restraints for the SCADA market.

The firm forecasts that, the SCADA market is expected to grow at a CAGR of 6.6% between 2017 and 2022 to be worth USD 13.43 billion by 2022.