Need for data management and security to drive demand in the global SCADA market – TMR – Industrial IT
Demand in the world SCADA market has been growing at a steady pace lately. Advances in information and communication technologies (ICT) have been the main driver of demand in this market. In addition, the growing need for data protection, management and analysis has created new growth opportunities in the global market. Therefore, SCADA systems are expected to be introduced in various industry verticals in the coming years. A multitude of ICT service providers have emerged, and SCADA systems are an important component of their portfolio of offerings.
Supervisory Control and Data Acquisition (SCADA) systems help analyze data in real time and draw key inferences from it. This is an important consideration for vendors looking to improve their digital game. The application of SCADA systems is not limited to any particular sector or industry. The use of a monitoring node for data management and analysis has become a major feat in many organizations. In addition, the use of SCAD technologies for wired and wireless connections increases their scope. It can be safely concluded that in this world of data addiction, remote monitoring systems would become an important part of key organizations.
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In a report published by Transparency Market Research (TMR), the global market for SCADA for water and wastewater management is projected to grow at a solid CAGR of 5.6% over the period 2015 and 2025. As of Additionally, the total SCADA market volume is expected to reach $ 2,172.1 million by the end of 2025, up from $ 1,267.4 million in 2015.
Importance of SCADA systems in the energy sector
The unprecedented demand for real-time data processing in the energy industry has given a boost to the growth of the market. The energy sector is characterized by rapid technological growth and rapid spending. In this rapidly changing scenario, it is important to have a remote controlled system to manage data within the industry. In addition, industrial applications and processes can be automated without too many problems through the use of SCADA technologies. Therefore, SCADA systems help companies, organizations and industrial units to accelerate processes and improve their manufacturing capabilities.
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Healthcare-IT emerges as a key area of ââoperation
The importance of SCADA systems in the healthcare industry cannot be underestimated. Electronic health records (EHRs) have become an important component of large health centers and organizations. EHRs have brought a sense of integrity and consistency to the way health centers handle patient data. Hence, using SCADA to strengthen healthcare IT will generate key revenue in the global market. In addition, the demand for process automation in healthcare has also generated new market growth opportunities. Power companies, shopping malls, health centers and processing lines are some of the main end users of SCADA.
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