In a recent published report, Kenneth Research has updated the market report for SCADA System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for SCADA System Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on SCADA System Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The SCADA System Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
Integration and adoption of these digital technologies with SCADA system will transform the market of traditional SCADA systems. Additionally, infrastructural projects related to upgradation of old electricity grid system, manufacturing units, oil and gas pipelines and transportation networks across the globe boosted the demand of more advanced SCADA systems.
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A comprehensive research report from Azoth Analytics that aims to present the complete analysis of Global SCADA System Market. The Global SCADA System Market has been segmented by Component type (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems), Architecture Type (Hardware, Software) and by End User Industry (Oil & Gas, Power Generation, Transportation, Water & Waste Water, Chemicals, Others). The Global SCADA System Market has been analysed by Region (North America, Europe, Asia Pacific, LAMEA – Latin America, Middle East & Africa) and By Country (United States, Germany, Poland, China, India) for the historical period of 2017-2018 and the forecast period of 2019-2024.
Scope of the Report
Global SCADA System Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
* Analysis by Component type – Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems
* Analysis by Architecture Type – Hardware, Software
* Analysis by End User Industry – Oil & Gas, Power Generation, Transportation, Water & Waste Water, Chemicals, Others
Regional SCADA Systems Market– North America, Europe, Asia Pacific, LAMEA (Actual Period: 2017-2018, Forecast Period: 2019-2024)
* Analysis by Component type – Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems
* Analysis by Architecture Type – Hardware, Software
* Analysis by End User Industry – Oil & Gas, Power Generation, Transportation, Water & Waste Water, Chemicals, Others
Country Analysis – United States, Germany, Poland, China, India (Actual Period: 2017-2018, Forecast Period: 2019-2024)
* Analysis by Component type – Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems
* Analysis by Architecture Type – Hardware, Software
* Analysis by End User Industry – Oil & Gas, Power Generation, Transportation, Water & Waste Water, Chemicals, Others
Other Report Highlights
* Market Dynamics – Drivers and Restraints.
* Market Trends.
* SWOT Analysis.
Company Analysis – ABB, Emerson Electric Corp., Seimens, Honeywell International, Schneider Electric, General Electric
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Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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