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The SCADA market has reached a new level this year with emerging trends and geographically widespread.
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What is SCADA? • Scada is an industrial control system that is used to gather data from sensors and instruments located at remote sites and then transmit and display this data at a central site for controlling or monitoring purposes. • They are also used to collect and analyze data on real-time basis.
The SCADA Market: • The high potential from renewable energy and high investments in infrastructure are some of the factors that are driving the SCADA market. • The SCADA market has reached up to $11.16 billion in 2020, at an estimated CAGR of 7.24% from 2014 to 2020. • APAC has been estimated to account the highest CAGR of 8.06% from 2014 to 2020 amongst all the geographic regions due to high investments in infrastructure development, mainly from countries such as China and India.
The total revenue of the SCADA market was expected to grow at an estimated CAGR of 7.24% from 2014 to 2020 • SCADA market includes statistics by components, architecture, application, and geography with detailed classification splits by revenue. • Read about detailed analysis of Scada market: SCADA market report