With the capability to capture and analyze data from devices in isolated areas, SCADA systems have a unique place in the technological advancement of the 21st century. Entering the 2017-2022 period, the need for integrated and scalable solutions stretches beyond the highly-industrialized economies to developing countries. Thus, smart technologies that help optimize costs become a necessity, especially in highly competitive industries such as utilities.
Thanks to their scalability and ease of updating and upgrading, electrical SCADA are amongst the leaders in market expansion. They are estimated to expand at a CAGR (Compound Annual Growth Rate) of 7.8%, reaching $3.29 billion by 2022. Urban infrastructure (electricity grid, traffic control and water supply included) already relies heavily on SCADA for its day-to-day and long-term maintenance. Some segments, however, are expected to outpace others in the aforementioned period.