SCADA market expected to reach USD 23.57 billion by 2032 with growth driven by automation and IoT
From GlobeNewswire: 2025-03-17 09:00:00
SCADA market size was USD 10.61 billion in 2023, expected to reach USD 23.57 billion by 2032, growing at a CAGR of 9.34%. Major players include Rockwell Automation, Schneider Electric, Siemens, and more. North America led in 2023, while Asia Pacific is set for the fastest growth at 11.27% from 2024-2032.
SCADA market thrives with rising industrial automation and IoT integration. Energy, utilities, and manufacturing industries invest in SCADA systems for efficiency and safety. The convergence of IoT and cloud technologies enhances real-time insights and automation. RTU dominated in 2023, while PLC segment is poised for rapid growth at 10.89%.
Utilities led SCADA market in 2023, with discrete manufacturing poised for fastest growth. Utilities rely on SCADA for electricity and water supply. Discrete manufacturing embraces automation and digital transformation programs. Hardware dominated in 2023, while software segment eyes rapid growth at 10.42% CAGR for sophisticated analytics.
North America dominated SCADA market in 2023, while Asia Pacific anticipates the fastest growth at 11.27% from 2024-2032. North America’s developed infrastructure and automation use drive market dominance. Asia Pacific’s industrialization, urbanization, and adoption of smart technologies boost market growth. Recent developments include Emerson’s DeltaV automation platform and ABB’s AquaMaster4 integration with Topkapi SCADA software. SCADA Market Analysis Report for 2024-2032 is available for access. For more information or customization, contact [email protected]. SNS Insider offers consulting services like Go To Market Assessment, Total Addressable Market Assessment, and Competitive Benchmarking. SNS Insider is a global market research and consulting agency providing clients with accurate market data, consumer insights, and opinions to make confident decisions.
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