High adoption rate of cloud-based SCADA systems and increase in infrastructural developments such as smart cities and transportation are the major drivers of the global SCADA Market. In addition, high penetration of mobile SCADA systems supplements the growth of the market. However, increasing case of cybercrimes and high initial cost of SCADA systems have hampered …
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Supervisory Control and Data Acquisition (SCADA) Market to Surge at a Robust Pace in Terms of Revenue Over 2023
According to the report, the global SCADA market was valued at $29.3 billion in 2017 and is projected to reach $41.6 billion until 2023, registering a CAGR of 6.0% through 2023. Increased adoption of cloud-based SCADA systems and the rapid pace of infrastructural developments such as smart cities and transportation in emerging countries are expected to boost the growth …