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SCADA market was valued at US$25.56 bn in 2017
In terms of revenue, the global SCADA market was valued at US$25.56 bn in 2015. Estimated to expand at a CAGR of 5.20% from 2016 to 2024, the revenues in this market will touch US$40.18 bn by the end of 2024.

MRRSE, 11/14/2017 - A new report added to the repository of Market Research Reports Search Engine “Supervisory Control and Data Acquisition (SCADA) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024” is a comprehensive repository of information, providing market share, size, and forecast.

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Supervisory control and data acquisition system primarily collects data from running industrial processes and utilize them to recognize any anomaly in the production process. Global SCADA market is primarily driven by increase in investments, for infrastructure development, in the emerging markets. The renewed interest in shale gas extraction has also driven the SCADA market forward. In the electrical power sector, SCADA systems are being deployed in countries like India and China for smart grid techniques to reduce power transmission and distribution losses. The existing supply and demand gap in the oil and gas sector has increased the need for efficient search and extraction of oil and gas.

In the emerging markets, process automation amongst industry verticals like water and wastewater management and chemicals have also been a big driving factor of this SCADA market. Considering all these positive impacts, demand for SCADA systems is set to rise during the forecast period to 2016 to 2024. Major objective for supervisory control and data acquisition (SCADA) is to acquire data from remote devices such as pumps, transmitters; valves etc. and provide overall remote control from a host software platform. It is a type of computer based industrial control system (ICS) used to monitor and control industrial processes. Above mentioned wide applications is expected to drive the growth of SCADA market in coming years.

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