SCADA Market Size, Share, Forecast, & Trends Analysis by Type (Monolithic SCADA Systems, Distributed SCADA Systems, Networked SCADA Systems), Component (Hardware, Software, Services), Deployment Mode, End-use Industry (Oil & Gas, Automotive, F&B), and Geography - Global Forecast to 2031

SCADA Market Size & Forecast

The SCADA Market is expected to reach $18.7 billion by 2031, at a CAGR of 9% from 2024 to 2031. The growth of this market is attributed to the rising adoption of automated technologies across Europe and Asia-Pacific, the ongoing Industry 5.0 trends, growing demand for smart and digitized production processes, and government support and initiatives for industrial automation. Moreover, the increasing trend of wireless sensor networks and the proliferation of smart factories are expected to offer growth opportunities for the players operating in this market.

SCADA Market Growth Drivers

Rising Adoption of Automated Technologies Across Europe and Asia-Pacific Driving Market Growth

Increased competition and evolving customer requirements have compelled Europe’s manufacturing sector to embrace novel technologies and solutions for digital transformation. The major industries adopting automation in Europe include oil & gas, chemicals & petrochemicals, power & utilities, food & beverage, and automotive. Companies are investing in SCADA software, which is an integral part of automation systems. In September 2022, Schneider Electric (France) acquired AVEVA (U.K.), a leading industrial software provider, to accelerate its software growth strategy and enhance its hybrid cloud-based subscription model.

Automation in APAC is driven by population growth, urbanization, economic development, and increasing wages. The Government of China has launched the Made in China 2025 initiative to upgrade the Chinese industry. With this initiative, China plans to expand its high-tech sectors and further develop its advanced manufacturing base. The program aims to use government subsidies, mobilize state-owned enterprises, and pursue intellectual property acquisition to catch up with Western technological prowess in advanced industries. The Made in China 2025 initiative is the Chinese government's ten-year plan to upgrade the Chinese manufacturing base by developing ten high-tech industries. Such developments in Europe and Asia-Pacific are promoting industrial automation, driving the growth of the SCADA market.

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Growing Demand for Smart and Digitized Production Processes Driving the Adoption of SCADA Systems

Smart production refers to the integration of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and automation into manufacturing processes, whereas digitized production includes the digitization of production data, workflows, and communication channels to streamline operations, enhance visibility, and improve collaboration. In both these production scenarios, SCADA systems play a crucial role in facilitating data-driven decision-making, optimizing production efficiency, and ensuring seamless integration and coordination of manufacturing operations.

SCADA systems are used for data management, information management, energy management, and diagnostics management in digitized production processes. As a result, manufacturers across various industries are increasingly turning to SCADA systems to monitor, control, and automate their production operations. SCADA systems help in collecting and analyzing data from IoT devices, enabling predictive maintenance, remote monitoring, and intelligent decision-making to improve Overall Equipment Effectiveness (OEE) and reduce downtime. All these benefits, along with the need to optimize production operations and improve efficiency, are increasing the adoption of SCADA systems across various industries, driving market growth.

SCADA Market Trends

Increasing Reliance on Human-machine Interface (HMI) Systems

HMIs enable users to visualize process data, monitor equipment status, and control operations in real time by acting as the interface between operators and SCADA systems. The increasing reliance on HMI systems is driven by the growing adoption of Industrial IoT (IIoT), the growing need for user-friendly interfaces, and the increasing complexities and connectivity in industrial processes. Furthermore, the rise of Industry 4.0 has boosted thedemand for HMIs that support data-driven decision-making by providing operators with contextual information and actionable insights derived from big data analysis.

HMIs play a pivotal role in facilitating seamless communication between interconnected devices and provide interfaces for monitoring, controlling, and interacting with industrial equipment and systems. HMIs offer advanced features such as intuitive touch-screen interfaces, interactive graphics, and customizable dashboards that enable operators to interact with SCADA systems more effectively and efficiently. They also allow operators to visualize and interpret complex data, make more informed decisions, detect anomalies, prioritize tasks, troubleshoot issues, and optimize processes in real time. These benefits of HMIs and the increasing need to facilitate seamless interactions between operators and SCADA systems in smart factories and value chains are contributing to the growth of the SCADA market.

High adoption of Industry 4.0 technologies

Industry 4.0, often referred to as the fourth industrial revolution, represents the incorporation of advanced technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), big data analytics, and automation, into industrial processes to create smart factories and value chains. Industries such as manufacturing, energy, transportation, and utilities are leveraging these technologies to optimize operations, reduce downtime, and improve overall performance. SCADA incorporates elements of Industry 4.0 and is a foundational technology used in many industrial sectors to monitor and control processes in real time.

The integration of Industry 4.0 technologies is a growing trend in the SCADA market, driven by the increasing adoption of automated equipment and tools in manufacturing facilities, warehouses, and factories, rising investments in additive manufacturing, and the emergence of digital technologies. Major players in the market are focusing on driving innovation and enhancing resilience in manufacturing processes, in line with the objectives of Industry 4.0. For instance, in June 2023, Siemens AG (Germany) announced an investment strategy to foster future growth, drive innovation, and enhance resilience. The strategy entails allocating ~USD 2.18 billion (~EUR 2 billion) toestablishing new manufacturing facilities, innovation labs, education centers, and other company-owned sites. These initiatives are driving the deployment of smart manufacturing solutions across various industries.

SCADA Market Opportunity

Growing Adoption of Wireless Sensor Networks Generating Opportunities for Market Stakeholders

A Wireless Sensor Network (WSN) is a small, self-configured, and infrastructure-less system of nodes that accommodatingly can sense, monitor, capture, process, and control operations. WSNs offer greater flexibility and scalability compared to traditional wired systems, making them well-suited for SCADA applications in industries such as manufacturing, oil & gas, utilities, and transportation. Additionally, WSNs enable greater interoperability and integration with other technologies and systems, including IoT devices, cloud computing platforms, and data analytics tools. This interoperability enhances the functionality and value proposition of SCADA systems by enabling seamless data exchange and collaboration across different platforms and applications.

WSNs utilize battery-powered sensors, eliminating the need for a wired power supply, which enables the deployment of sensors in remote or hard-to-reach locations without the logistical challenges of running power cables, providing a high level of scalability and flexibility for SCADA implementation. These benefits of WSNs, along with the increasing need for more flexible, scalable, and interoperable solutions for monitoring and controlling industrial processes, are creating growth opportunities for market players.

SCADA Market Analysis: Key Findings

By Type: In 2024, the Networked SCADA Systems Segment to Dominate the SCADA Market

Based on type, the global SCADA market is segmented into monolithic SCADA systems, distributed SCADA systems, networked SCADA systems, and other SCADA systems. In 2024, the networked SCADA systems segment is expected to account for the largest share of 47.5% of the global SCADA market. The large market share of this segment is attributed to the benefits offered by these systems including flexibility, scalability, and use of common communication protocol facilitating better data exchange. Various end-use industries, such as oil & gas, industrial manufacturing, and power & utility, have adopted this architecture.

The networked SCADA systems segment is also projected to register the highest CAGR during the forecast period.

By Component: In 2024, the Hardware Segment to Dominate the SCADA Market

Based on component, the global SCADA market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of 55.9% the global SCADA market. The large market share of this segment is attributed to the rising adoption of automated technologies, the rising focus of players on innovative product offerings, and the growing demand for smart and digitized production processes.

However, the software segment is expected to record the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing focus of industry players on introducing innovative SCADA software.

By Deployment Mode: In 2024, the On-premise Deployments Segment to Dominate the SCADA Market

Based on deployment mode, the global SCADA market is segmented into on-premise deployments and cloud-based deployments. In 2024, the on-premise deployments segment is expected to account for the larger share of 65.4% of the global SCADA market. The large market share of this segment is attributed to the high preference for on-premise deployments among large enterprises due to the availability of trained IT professionals & infrastructure and security issues associated with cloud-based deployments.

However, the cloud-based deployments segment is expected to record the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the benefits of cloud infrastructure, such as ease of adoption, minimal requirements for in-house infrastructure, high scalability, and easy installation of SCADA solutions.

By End-use Industry: In 2024, the Manufacturing Segment to Dominate the SCADA Market

Based on end-use industry, the global SCADA market is segmented into oil & gas, automotive, food & beverage, electronics & semiconductors, IT & telecommunications, agriculture, pharmaceuticals & healthcare, transportation, manufacturing, and other end-use industries. In 2024, the manufacturing segment is expected to account for the largest share of 26.4% of the global SCADA market. The large market share of this segment is attributed to the rising adoption of industrial automation and control systems in the manufacturing sector, the growing demand for smart and digitalized production processes, and the proliferation of smart factories.

However, the automotive segment is expected to register a higher CAGR during the forecast period. The growth of this segment is attributed to the rising need to gather real-time data to control and monitor industrial equipment and manufacturing processes and the rising adoption of industrial robots, machine vision systems, and industrial control systems.

Geographical Analysis

In 2024, the North America Region to Dominate the SCADA Market

In 2024, North America is expected to account for the largest share of 32.1% of the global SCADA market. Asia-Pacific SCADA market is estimated to be worth USD 3.3 billion in 2024. The market growth in North America is driven by the presence of key market players in the region, the growing demand for automation and process control solutions, the increased use of automation in the industrial sectors, and the need to improve productivity, quality, and efficiency of production processes.

However, the Asia-Pacific region is projected to record the highest CAGR during the forecast period. The growth of this market is attributed to the increasing investment in smart factories, growing FDI in the industrial sector, increasing worker safety regulations, and rising demand for industrial control solutions in manufacturing companies.

SCADA Market: Key Companies

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the SCADA market are Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Pilz GmbH & Co. KG (Germany), Survalent Technology Corporation (Canada), Valmet (Finland), and Hitachi, Ltd. (Japan).

SCADA Industry Overview: Latest Developments from Key Industry Players

• In October 2022, ZPE Systems (U.S.) launched the Mini SR, a smartphone-size, cloud-orchestrated gateway that solves the operational challenges of running security and connectivity at the network edge. The Mini SR is perfect for managing remote manufacturing equipment, SCADA systems, medical imaging devices, and even oil & gas equipment sensors.
• In December 2020, Hitachi ABB Power Grids launched the RTU530, an all-new Remote Terminal Unit (RTU) that builds on the established reliability and efficiency of the RTU500 series. The RTU introduced new advanced functionality, including faster processing capabilities and a simple and user-friendly interface.
• In November 2022, Arduino launched its first micro PLC for Industrial IoT and building automation applications. The new PLC is designed to enable high-performance computing, a high level of data security, rapid development, and availability in three different variants to better suit end-user needs.

SCADA Market Research Summary

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