SCADA technology looks set to see growth
A SCADA market report, published by Allied Market Research, has forecast that the global market will reach $40,240 million by 2022 at a CAGR of 5.1% from 2016 to 2022.
The factors driving SCADA growth include a rising demand for safety, reducing transmission losses, and integration with corporate IT by deploying SCADA data to cloud. While there are no emerging technologies which will be able to replace SCADA system in the coming years, factors that are hindering market growth include increasing concern about cyber-attacks, management issues with the data generated, and lack of awareness of IT trends.
Numerous industry players are launching new SCADA solutions Siemens, for example, exhibited digitisation and engineering efficiency at the Husum Wind exhibition in Germany, where the main area of focus for digitisation was on the Simatic WinCC Open Architecture SCADA System.
In August, Simco Wireless Solutions entered into a partnership with RACOM to grow its SCADA and telemetry business. In June, Thuraya Telecommunications Company launched the Thuraya IP M2M Service to support high volume and throughput machine-to-machine (M2M) applications. In April, Schneider Electric introduced ClearSCADA 2017 with location services and integrated mapping functionalities.>
Source: Control Engineering Europe - All Articles