The basic objective behind SCADA (supervisory control and data acquisition) is to gather data in real time from remote locations in order to control equipment and conditions. The software application program for process control is used across a several industries such as telecommunications, oil and gas refining, food and beverages, transportation, pharmaceutical, water and waste water management, electric power and chemicals.
Supervisory control and data acquisition systems are a type of industrial control system used in various industries such as power generation, water and wastewater, oil and gas, telecommunication, manufacturing, and pharmaceuticals. SCADA systems allow automation of various industrial processes, which is the major driver for the global market.
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The primary driver for the increasing adoption of supervisory control and data acquisition systems in the electric power generation sector is the increasing incorporation of smart grid systems in developing countries such as India and China. SCADA systems can not only automate the process of monitoring electricity distribution, but also keep track of past usage patterns to deliver vital data for trend analysis. The improvement in grid efficiency brought about by the use of supervisory control and data acquisition systems is the major reason for the increasing use of SCADA systems in the power generation sector.
Cloud-Based SCADA: A Double Edged Sword
Cloud-based SCADA system has become a hot topic with technology firms offering some cloud-based SCADA systems as a “service”, more commonly referred to as SaaS (Software as a Service). Instead of the SCADA system software installed on local computers, the entire system and its data is maintained and stored in the cloud. SaaS companies provide their customers with services such as software applications, scalable server space, and off-site IT support. So, what are the benefits of moving SCADA system to the cloud?
Cheaper Operating Expenses: For companies, maintenance of SCADA hardware and software in-house and keeping them up-to-date is costlier than paying for a portion of the server space maintained by a third-party hosted cloud service.
More Server Space: Instead of buying additional databases and web servers, a company can opt for getting more space on a virtual cloud-based server without the need to install and maintain additional hardware.
Remote Sharing and Accessing of Data: For managers, it becomes increasingly easy to remotely access and share data stored on a cloud server.
According to the report, the global SCADA market was valued at US$23 bn in 2013 and is likely to reach a value of US$32.7 bn by 2020. Should the market hold true, this would represent a CAGR of 5% between 2014 and 2020.
Browse the full Supervisory Control and Data Acquisition (SCADA) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/scada-market.html
By application, the report segments the global supervisory control and data acquisition market into electricity generation, oil and gas, manufacturing, automotive, pharmaceuticals, telecommunication, food and beverage, water and wastewater, and transportation. Of these, electric power generation held a dominant 17.7% of the global SCADA market in 2013.
Some of the leading players competing in the SCADA market are General Electric Co, Rockwell Automation, Inc., Schneider Electric SE, Omron Corp, ABB Ltd., Siemens AG, Yokogawa Electric Corporation, Honeywell International, Inc., Emerson Electric Co., and Alstom SA. These vendors are profiled in the SCADA market research report based on aspects such as recent developments, business strategies, and financial and business overview.