Human-machine interface component segment in supervisory control and data acquisition (SCADA) market is gaining traction and will experience healthy growth throughout the forecast period. HMI is basically an I/O device that allows operators to monitor and control process data in real-time. In addition, it provides operators with critical information including scheduled maintenance, detailed schematics, data diagnostics, and logistic information.

Global supervisory control and data acquisition (SCADA) market size is anticipated to grow exponentially over the forthcoming years. SCADA provides operators with real-time visualization of the complete factory or process. Cloud-based SCADA systems help cut maintenance and installation costs, reducing the need for high capital investments.

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Global supervisory control and data acquisition (SCADA) market size will be worth more than USD 50 billion by 2026. Described below are some of the top trends augmenting the market size. However, the emergence of artificial intelligence (AI) and internet of things (IoT) are impacting the ongoing developments in SCADA, which will propel the industry outlook.

The presence of major technology companies in the regions will drive the North America supervisory control and data acquisition (SCADA) market growth. Rapid integration of advanced technologies such as IoT, AI, and big data analytics in industrial systems is anticipated to boost the adoption of SCADA solutions over the coming years. Government investment and support to introduce advanced SCADA systems will provide lucrative growth opportunities to North America supervisory control and data acquisition (SCADA) market.

The emergence of cloud-based SCADA will undeniably fuel supervisory control and data acquisition (SCADA) market trends. The increasing risk of cyberattacks will be major factor hampering the technology demand. Specific malwares are used to disrupt networks and processes including computer spyware and viruses. These malware programs pose serious threat to systems and networks without targeting a SCADA network, which will hamper the supervisory control and data acquisition (SCADA) market growth.

The emerging trend of automation in the pharmaceutical sector is further accelerating the adoption of SCADA. In the pharmaceutical sector, the technology is primarily used to ensure compliance with strict safety and environmental regulations. Surging demand for automation and growing adoption of industry 4.0 solutions in chemical and pharmaceutical industries will undeniably have a positive impact on supervisory control and data acquisition (SCADA) market.

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SCADA systems are widely deployed in chemical and pharmaceutical industries to monitor and control the mixing of critical compositions in order to ensure optimum quality of the end-product. Booming chemical and pharmaceutical sales, particularly in Europe and Asia Pacific, will offer ample opportunities to regional SCADA solution developers.

North America has witnessed heavy investments in robotics, automation, and industry 4.0 technologies. Investments in smart transportation and infrastructure systems has been a major focus for governments across the U.S. and Canada. For instance, the U.S. Department of Transportation (DOT) in 2018 invested more than US$63 billion in transportation infrastructure.

HMI also allows the operating personnel to visualize the graphical representation of the data. Technological advances and the emergence of wearable HMIs, artificial vision, and natural language processing (NLP) for HMIs will bolster the industry scope. SCADA/HMI companies are currently focusing on developing touchscreen interfaces to enhance the operability and overall efficiency of the systems.

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