The study involves four major activities for estimating the size of the SCADA market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the SCADA market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.
Secondary Research
Secondary sources referred to for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.
Primary Research
Extensive primary research has been conducted after gaining knowledge about the current scenario of the SCADA market through secondary research. Several primary interviews have been conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data has been collected through questionnaires, e-mails, and telephonic interviews.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the SCADA market and other dependent submarkets listed in this report.
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The key players in the industry and markets have been identified through extensive secondary research.
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Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global SCADA Market Size: Bottom-Up Approach
Global SCADA Market Size: Top-down Approach
Data Triangulation
After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Market Definition
SCADA is an automation system designed to monitor and control complex systems/processes deployed in several industrial plants, including oil & gas, power, and water & wastewater treatment. This system allows gathering data from field devices and processing this data in real time to send commands that regulate or control industrial equipment or processes. It acts as an interface between plant machinery and input devices such as sensors, valves, pumps, and motors, which are part of SCADA system components such as the human–machine interface (HMI) and programmable logic controller (PLC). SCADA provides plant operators with crucial data regarding industrial processes and helps them make appropriate response and control decisions. The system records and maintains all real-time data related to machines in a log file.
Stakeholders:
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Application providers
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Automation consultants
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Integrators of automation systems
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Distributors and providers of SCADA
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Companies developing and integrating industrial software
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Companies providing industrial control systems (ICS) cybersecurity
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Vendors of SCADA software package
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Suppliers of SCADA components
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Providers of professional services/solutions
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Research organizations and consulting companies
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Technology investors
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Technology standards organizations, forums, alliances, and associations
Report Objectives:
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To describe and forecast the global SCADA market by offering, component, end user, and region, in terms of value
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To forecast the market with respect to 4 main regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
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To describe the on-premises, cloud-based, and hybrid deployment models of SCADA systems
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To describe the leading features of latest SCADA systems.
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To provide detailed information regarding the major factors, namely, drivers, restraints, opportunities, and challenges, influencing the growth of the market
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To analyze the competitive intelligence of players on the basis of company profiles, key growth strategies, and game-changing developments, such as product launches, product developments, partnership, agreement, and acquisitions
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To study the SCADA value chain and analyze the current and future market trends
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To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
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To analyze opportunities in the market for stakeholders by identifying high-growth segments in the market
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To strategically profile the key players and comprehensively analyze their market positions in terms of their rankings and core competencies2, along with a detailed competitive landscape for the market leaders
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:
Company Information:
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Detailed analysis and profiling of additional five market players
Lynda
Aug, 2022
"Benchmarking the rapid strategy shifts of the Top 100 companies in the SCADA Market - on pricing and sales/revenue." Need special pricing on SCADA for companies in this industry..