While building apps based on IoT can be a strenuous task, but with a wide number of development tools, it has become easier to develop the app. If we take a look at the numbers, then in 2015 there were 15.41 billion IoT devices which have increased to 26.66 billion and are expected to surpass 75 billion by 2025.
Every smart element of the workspace (now, homes too) is related to the Internet of Things. This area of technology is quickly gaining importance and also creating a series of security risks.
SCADA Market by Component (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems), SCADA Architecture (Hardware, Software, Services), SCADA Industry, and Geography - Global Forecast to 2024
SPEAK WITH EXPERTS : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19487518
The SCADA market is expected to grow from USD 11.0 billion in 2019 to USD 15.2 billion by 2024; it is expected to grow at a CAGR of 6.7% during 2019-2024. The growth of SCADA market is propelled by factors such as high demand for industrial mobility solutions to efficiently manage process industries, increased adoption of Industry 4.0 in process industries, and increased use of software platforms such as IoT and edge computing.
Key Market Players
Key players offering SCADA solutions include Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Rockwell Automation (US), while other major players in this market include General Electric (US), Honeywell International (US), Yokogawa Electric (Japan), and OMRON (Japan). These players operate globally and provide solutions and components related to SCADA.