SCADA Market - Size, Industry Share, Growth Trends and Forecasts (2024 - 2031)

By Offering:

Based on the offering, the market is trifurcated into hardware, software, and services.

Trends in the Offering:

• There is a growing focus on developing energy-efficient hardware components to meet sustainability goals, especially in utilities and industrial applications, contributing to reduced operational costs.
• Software solutions are increasingly incorporating advanced cybersecurity features to protect against cyber threats. This is critical as industrial operations grow more vulnerable to attacks in sectors like energy, utilities, and manufacturing.

The hardware offering accounted for the largest revenue share of 57.83% in 2023.

• Hardware offering encompasses physical devices including sensors, remote terminal units, controllers, and communication devices, essential for data acquisition and control.
• The development of smart sensors and controllers with built-in analytics, enhancing machine capabilities, which allows for more accurate data collection and real-time decision-making for industrial needs.
• For instance, Schneider Electric introduced a portfolio of controllers including PLC and PAC, catering to the needs for industrial automation . This range is designed to enhance machine capabilities and processes across manufacturing industries.
• Thus, the physical devices enhance machine capabilities providing accurate data to cater to industrial needs is proliferating the SCADA market trends.

The software offering is anticipated to register the fastest CAGR during the forecast period.

• Software offering includes digital platforms, applications, and analytical tools that enable monitoring, data analysis, and process optimization.
• These software solutions offer sophisticated features including real-time data analytics, predictive maintenance, and enhanced visualization tools that improve decision-making and operational efficiency.
• Additionally, the shift towards cloud-based platforms is gaining momentum, providing greater scalability, flexibility, and remote access, enabling businesses to access real-time data and offer system control remotely.
• In April 2023, Siemens unveiled Simatic S7-1500V, a cloud-based programmable logic controller, expanding the Simatic portfolio. This virtual controller offers enhanced flexible and scalable software-based automation. It enables central management and eases collaboration between IT and operational technology-oriented users.
• Overall, the aforementioned features of software offering are anticipated to boost the opportunity for SCADA market share.

By Component:

Based on components, the market is segmented into programmable logic controllers (PLC), human machine interfaces (HMI), remote terminal units (RTU), communication systems, and others.

Trends in the Component:

• RTUs are evolving to support edge computing, enabling real-time data processing closer to the source, which reduces latency and improves response times in critical applications.
• The adoption of wireless communication technologies, such as 5G, is increasing, providing faster and more reliable data transmission, especially in remote and challenging environments.

The programmable logic controller accounted for the largest revenue share of the total SCADA market share in 2023.

• PLCs are industrial computers used to automate manufacturing processes, such as assembly lines or robotic devices.
• They are a critical part of SCADA systems in industrial manufacturing, controlling complex processes with real-time feedback and offering high flexibility and reliability in automation.
• It provides real-time monitoring and control of industrial processes, allowing for quick responses to changes and minimizing downtime.
• In June 2023, WEG expanded the PLC500 programmable logic controller range with the launch of PLC500MC (Motion Controller) and PLC500ED (Edge Device). The motion controller is designed to provide advanced control of complex systems for interpolated axes motion, tangential motion, robots, and others. The Edge device model enables high-complexity operations on controller programming and actively interacts with cloud platforms to provide high flexibility.
• Hence, these factors contribute to the dominance of programming logic controllers in the SCADA market demand.

The human machine interface is anticipated to register the fastest CAGR during the forecast period.

• Human Machine Interface (HMI) is a technology that allows humans to interact with machines, making easily and control systems in various ways.
• This component is created to be user-friendly, enabling operators to easily oversee and manage the system.
• Additionally, the incorporation of artificial intelligence with HMI enhances operational efficiency by allowing keeping track of equipment vibration, temperatures, and other parameters.
• In May 2022, SECO expanded the FLEXY VISION human-machine interface portfolio through the acquisition of Garz & Fricke Group. This expansion of FLEXY VISION included the modular Proven Concept (PCT) HMI series by Garz & Fricke. This extensive software package for IoT/AI analytics enables customers to quickly collect and display valuable data from their field devices.
• Consequently, as per the analysis, integration with emerging technologies including AI with HMI is expected to propel the SCADA market opportunities.

By Deployment:

Based on deployment, the market is segmented into on-premises, cloud-based, and hybrid.

Trends in the Deployment:

• Organizations are increasingly seeking tailored solutions that fit specific operational needs, leading to a rise in bespoke on-premises SCADA systems.
• Cloud solutions are increasingly incorporating advanced analytics and AI capabilities, allowing organizations to derive actionable insights from real-time data.

The on-premises deployment accounted for the largest share in the year 2023.

• On-premises are hosted on local servers, providing organizations with direct control over data and infrastructure.
• These systems can be tailored to meet specific operational needs, allowing for unique configurations and functionalities.
• Additionally, sensitive information remains within the organization's premises, which can enhance data security and compliance with regulations.
• It offers features including local control, customization, data security, integration with legacy systems, and reliability.
• Hence, the aforementioned features of on-premises deployment are boosting the deployment segment in the SCADA market.

The cloud-based deployment is anticipated to register the fastest CAGR during the forecast period.

• Cloud-based solutions are hosted on remote servers and accessed via the Internet. This deployment model is gaining traction due to its numerous advantages.
• It offers the ability to easily scale resources according to operational needs, making them highly adaptable for growing organizations.
• Additionally, the solution facilitates seamless integration with IoT devices, allowing for enhanced data collection and real-time analytics.
• In January 2022, Yokogawa launched a cloud-based version of Collaborative Information Server (CI Server) R1.02. The OpreX control and safety system enhances data collection and analytics, allowing for improved operational visibility in various industries.
• Overall, the advantages of cloud-based deployment are expected to dominate the SCADA market trends during the forecast period.

By End-User:

Based on end-users, the market is segmented into industrial manufacturing, oil and gas, telecommunication, food and beverages, automotive, transportation, and others.

Trends in the End-User:

• There is a growth in using control systems in automotive and transportation for managing logistics, vehicle tracking, and production processes. They facilitate the integration of smart transportation systems, improving efficiency and safety in operations.
• In the telecommunication industry, supervisory data acquisition and control systems are used to monitor and manage network performance, ensuring optimal service delivery. This trend enables real-time monitoring of infrastructure, fault management, and resource allocation, helping to maintain network reliability and performance.

Industrial manufacturing accounted for the largest revenue share in the year 2023 and is anticipated to register the fastest CAGR during the forecast period.

• SCADA systems in industrial manufacturing focus on monitoring and controlling production processes, enhancing efficiency, and ensuring quality control.
• They facilitate real-time data collection and analysis, enabling predictive maintenance and reducing downtime.
• Additionally, manufacturers increasingly seek to optimize production process automation, reduce downtime, and improve quality control, all of which are facilitated by these systems.
• In May 2023, Rockwell Automation launched Allen‑Bradley ArmorBlock 5000 I/O blocks integrated with IO-Link technology. This distribution solution offers smart capabilities to cater to the needs of industrial manufacturers to optimize operational productivity. It provides seamless integration with Allen‑Bradley controllers, reducing the complexities.

SCADA Market Regional Analysis:

The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Asia Pacific region was valued at USD 3,178.60 Million in 2023. Moreover, it is projected to grow by USD 3,403.70 Million in 2024 and reach over USD 6,318.72 Million by 2031. Out of this, China accounted for the maximum revenue share of 29.3%. The Asia-Pacific region is experiencing rapid industrial growth, especially in countries including China, Japan, and India, leading to increased demand for supervisory control and data acquisition systems. There is a strong focus on developing smart cities and modernizing infrastructure, which will drive the adoption of these systems across various sectors. Moreover, the rise of Internet of things (IoT) encourages manufacturers and utilities to adopt these systems for better data integration and real-time monitoring.

• In March 2021, Mitsubishi Electric (Japan) extended its SCADA software lineup with the launch of GENESIS64 Basic SCADA and GENESIS64 Advanced Application Server. This portfolio caters to the IoT needs in production line monitoring, control, and process automation. This software has a feature to operate by voice commands with the use of AI smart speakers to enhance monitoring and control.

North America is estimated to reach over USD 7,432.48 Million by 2031 from a value of USD 3,789.96 Million in 2023 and is projected to grow by USD 4,053.70 Million in 2024. North America is a leading region for SCADA systems, primarily due to the presence of advanced manufacturing sectors and significant investments in infrastructure modernization. The region is home to leading technology companies that drive innovation in automation, HMI, and control systems, significantly enhancing control capabilities. Additionally, North American regulations promoting energy efficiency and reliability in utilities encourage the deployment of advanced monitoring and control systems.

• For instance, Inductive Automation (US) introduced Ignition, a supervisory control and data acquisition software with integrated HMI and MES into single-solution. It provides real-time control and monitoring, easy expandability, enhanced security, and a wide range of MES modules.

According to the SCADA market analysis, Europe is known for its innovation in industrial automation, with a strong focus on sustainability and renewable energy. Stringent regulations regarding energy efficiency and environmental protection are fueling the adoption, particularly in electric utilities and manufacturing.

The SCADA market in Latin America, the Middle East, and Africa is driven by the energy industry, particularly in oil and gas with significant investment in automation technologies. Additionally, countries in this region are investing in modernization and smart technologies to enhance operational efficiency.