London, 28 November 2014 – TechNavio, a tech-focused research firm has published a new report on the Global SCADA Market in the Oil and Gas Industry, which is expected to grow at a CAGR of 7.45 percent from 2015-2019.
Infrastructure investments in the Oil and Gas industry is expected to increase significantly in tandem with growing demand for oil and gas from countries in the APAC region.
According to the latest report from TechNavio, the development of integrated safety solutions is propelling the supervisory control and data acquisition (SCADA) Market in the Oil and Gas Industry. Several vendors are offering integrated solutions, which are more effective than traditional safety systems and help end-users optimize their overall operational costs and improve operational efficiency.
“Honeywell International offers integrated process control and a safety system that is highly effective as compared to legacy systems,” says Faisal Ghaus, Vice President of TechNavio.
In addition, the increased development of midstream infrastructure is also expected to propel the market growth.
“Upcoming midstream infrastructure will lead to increased demand for SCADA systems to monitor and control the state and flow of oil and gas.”
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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