The major factors fueling the growth of the global SCADA market

For those who are unfamiliar, SCADA (Supervisory Control and Data Acquisition) is used to gather and analyze real-time data and comprises of remote terminal units, programmable logic controller, telemetry, and Human Machine interface.

The major factors fueling the growth of the industry is the need for high uptime, increase in operational efficiency, ease of controlling and monitoring of the industrial process and superior quality & quantity. High investments in infrastructure for various sectors and High Potential from renewable energy sector, supplement the growth of the industry. However, the major restraining factor is the cybersecurity threat which is being faced frequently by the market.

According to Research and Markets, the global SCADA market is expected to grow at a CAGR of 5.01% over the forecast period to reach US$15.373 billion by 2022, from US$12.041 billion in 2017.