Compared with the industrial automation hardware business, market for SCADA software automation products is expected to experience higher growth in the future. This is partly because SCADA products are mostly used in large investments in the energy business—such as in oil and gas and power facilities—an area that is performing better than other sectors. SCADA’s strong growth is also due to an increasing number of customers becoming aware of the importance of such software, which can enhance their production lines’ efficiency.
As the most important market for industrial automation investments, the Americas region generated the most SCADA sales revenue worldwide in 2013. The biggest contributor is the United States, which accounted for most of the revenue in the Americas region. The major factors driving the scale and growth of the Americas region are investments in the oil and gas markets, as well as the strong domestic consumption in the food and beverage and power markets. Canada and the Latin American countries also contribute copious opportunities in the oil and gas industry.
Questions or comments on this story? Contact dylan.mcgrath@ihs.com
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