- The key vendors in the SCADA Market in the APAC Region 2015-2019 are ABB Group, Honeywell International Inc., Schneider Electric and Siemens AG
London, 17 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the SCADA Market in the APAC Region 2015-2019. End-user specific developments in technology are one of the key trends upcoming in this market. SCADA manufacturers are not only increasing their product portfolio by acquiring companies with end-user specific products but are also working closely with end-users to develop products according to their requirements. The overall market is expected to grow at a CAGR of 8.46 percent during the period 2014-2018.
“Automation of existing industries and the impetus for energy and power generation from renewable resources aids the growth of the SCADA market in the APAC region,” says Faisal Ghaus, Vice President of TechNavio Research.
“Government regulations and initiatives for increasing safety in end-user industries also fuel the growth of the market. In addition, SCADA systems with efficient alarm handling capabilities are the preferred automation product for critical applications.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
