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SCADA Market Worth $57.2 billion by 2028, Growing at a CAGR of 14.7% from 2021 – Exclusive Report by Meticulous Research®

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London, June 24, 2021 (GLOBE NEWSWIRE) — According to a new market research report, SCADA Market by Component (Hardware, Software, Services), Deployment Mode (On-premise, Cloud-based, Hybrid), End User (Oil & Gas, Automotive, Food & Beverage, Power, Semiconductors & Electronics, Chemicals & Materials)– Global Forecast to 2028”, published by Meticulous Research®, the SCADA market is expected to reach $57.2 billion by 2028, at a CAGR of 14.7% during the forecast period of 2021 to 2028.

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The increasing demand for automated industrial control solutions and growing investment for installing automated and connected process & control systems to gain efficiency over human labor-based operations are some of the major drivers for the growth of this market. Several companies are investing in automation technologies to gain cost-saving and productivity benefits. Additionally, the innovation of cloud-based SCADA systems offering enhanced collaboration and control over different processes and operations will propel the demand for SCADA systems in the coming years. However, the risk of cyber-attacks is a major challenge for the SCADA market.

Based on component, the SCADA market is segmented into hardware (programmable logic controllers, remote terminal units, communication systems, human-machine interface, and other hardware components), software, and services (professional and managed services). In 2021, the hardware segment is expected to account for the largest share of the overall SCADA market. The large share of this segment is mainly attributed to the high adoption of Industry 4.0 to automate different processes with the help of PLCs and RTUs. Advancements in hardware components, such as high-performance HMI, helps in pre-attentive processing and improves situational awareness.

Based on deployment mode, the SCADA market is segmented into on-premise, cloud-based, and hybrid. In 2021, the on-premise segment is expected to account for the largest share of the overall SCADA market. The large share of this segment is mainly attributed to the high security and data privacy offered by on-premise solutions. To secure the available data, companies prefer on-premise SCADA deployment, which gives assurance of data security. Also, these solutions are gaining demand as troubleshooting and uptime issues can be solved by IT teams on the premises.

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Based on end user, the SCADA market is segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverages, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2021, the oil & gas segment is expected to account for the largest share of the overall SCADA market, mainly due to the adoption of these systems to monitor and control physical components, telecommunication networks, and pipelines. The SCADA system helps to monitor the leakages of the oils and gases from pipelines, reducing loss. Some of the major areas highly influenced by SCADA solutions in the oil & gas sector include drilling operations, diagnostics & inspections, pipeline monitoring systems, weather monitoring systems, and pressure & flow systems.

Geographically, the global SCADA market is segmented into five regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2021, Asia-Pacific region is expected to account for the largest share of the global SCADA market, followed by Europe and North America. Factors such as high technical awareness related to industrial control solutions in China, Japan, and South Korea; presence of huge industrial sector; robust manufacturing capability; adoption of Industry 4.0 technologies; and transformation to smart factories are driving the growth of the APAC market.

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The global SCADA market is fragmented with the presence of several small and big players, including local, national, and international players. These companies are adopting various strategies to stay competitive and increase their market shares in recent years. For instance, in May 2020, AVEVA released the AVEVA HMI/SCADA 2020 version for the modern industrial atmosphere by harnessing the AVEVA cloud capabilities, web, and smartphone applications, enabling more collaborated operations.

Some of the prominent players operating in the global SCADA market are Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Pilz GmbH & Co. KG (Germany), Survalent Technology Corporation (Canada), Valmet (Finland), and Hitachi, Ltd. (Japan), among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/scada-market-5186   

Scope of the report

SCADA Market, by Component                          

  • Hardware
    • Programmable Logic Controller (PLC)
    • Remote Terminal Unit (RTU)
    • Communication Systems
    • Human-machine Interface (HMI)
    • Other Hardware Components
  • Software
  • Services
    • Professional Services
    • Managed Services

SCADA Market, by Deployment Mode

  • On-premise
  • Cloud-based
  • Hybrid

SCADA Market, by End User                  

  • Oil & Gas
  • Chemicals & Materials
  • Paper & Pulp
  • Pharmaceuticals & Biotech
  • Mining & Metals
  • Food & Beverage
  • Power
  • Consumer Goods
  • Automotive
  • Machines & Tools
  • Semiconductors & Electronics
  • Aerospace & Defense
  • Other End Users

SCADA Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

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Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
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APAC: +91 744-7780008
Email- [email protected] 
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Content Source: https://www.meticulousresearch.com/pressrelease/405/scada-market-2028


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Artificial Intelligence

ID Quantique launches a quantum-safe communication ecosystem to facilitate the adoption of Quantum networks, with HEQA Security, LuxQuanta, Quantum Optics Jena and ThinkQuantum as first partners

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GENEVA, May 14, 2024 /PRNewswire/ — To accommodate the growing demand for telecom-grade solutions that enable fast and cost-effective migration to quantum-safe communications, ID Quantique’s new Clarion KX software platform now supports multi-vendor Quantum Key Distribution (QKD) interoperability. Today, we are pleased to welcome new technology partners: HEQA Security, LuxQuanta, Quantum Optics Jena and ThinkQuantum to our Clarion KX ecosystem.

With the looming threat of quantum computers capable of breaking public-key cryptography, the reality of “harvest now, decrypt later” attack poses immediate threat to the confidentiality of enterprise, government, and IT service providers’ data. Organizations worldwide are grappling with the urgency of migrating to quantum-safe infrastructure – the most complex, time-sensitive, and costly cryptographic overhaul in IT history. Stakes are high, as failure to timely employ available mitigation strategies could expose them to significant liabilities.
To fully mitigate the associated risks, organizations are now looking to enforce a defense in depth approach by leveraging both quantum-based and algorithmic technologies at different layers of the network stack. QKD solutions, the key building block of this strategy, have been already recognized to play a critical role in ensuring long term resilience to Quantum threat.
ID Quantique Clarion KX platform leverages an open and service-based architecture to support a cost-effective scale up of QKD networks. It provides for orchestration and management of out-of-band quantum-key delivery in real time, regardless of the underlying QKD solutions or the location of the consuming encryption appliances. With its support for heterogeneous QKD infrastructure in complex and SLA demanding environments, IDQ’s Clarion KX platform also enables telecom operators to generate new revenue streams by providing new Quantum-Safe as a Service offerings to their B2B customers looking for long-term security assurance.
With ID Quantique’s expanded ecosystem and open interfaces, customers can now also leverage hybrid QKD networks, including continuous variables (CV) QKD, discrete variables (DV) QKD or Entanglement based QKD.
“We are extremely proud to break another important barrier to large-scale adoption of quantum networks. Said Grégoire Ribordy CEO of ID Quantique. Offering a vendor-agnostic ecosystem allowing heterogeneous QKD infrastructure was one of the next logical steps the market was expecting – and this is now available thanks to our partners.”
 “Reaching QKD interoperability is a significant market milestone that empowers customers to choose products freely for their networks, maximizing flexibility and adaptability to meet business needs. Said Nir Bar-Lev, CEO, HEQA Security. This customer-centric approach reflects HEQA Security’s dedication to delivering innovative solutions, even before standards are fully finalized.”
“Safeguarding both present and future communications requires customized solutions aligned with specific network requirements. That is why we must ensure multi-vendor interoperability, allowing our industry to build on the unique properties and specifications of each QKD and related technologies from different providers.” says Vanesa Diaz, CEO of LuxQuanta. “We are very pleased with the seamless work that both our teams have done to integrate our NOVA LQ® system with Clarion KX software, and we look forward to continuing to nurture this partnership.
“The integration of different technological approaches is an important step for future network architecture,” says Kevin Füchsel, CEO of Quantum Optics Jena. “The demonstration shows that our partners and customers can rely on simple and fast interoperability. This brings us a big step closer to multi-user and multi-vendor networks.”
“Partnering between ThinkQuantum and IDQ for the mutual recognition of our own quantum networking solutions is definitely moving in the direction of overcoming the competition we daily experience on the market to cooperate in the support of our common clients and Industry growth”, Simone Capeleto, CEO of ThinkQuantum.
More info on Clarion KX Platform
For more information visit our website:www.idquantique.comwww.heqa-sec.comwww.LuxQuanta.comwww.qo-jena.comwww.thinkquantum.com
Photo: https://mma.prnewswire.com/media/2412582/ID_Quantique.jpgLogo: https://mma.prnewswire.com/media/2412581/ID_Quantique_Logo.jpg
Contact: Catherine Simondi – VP Marketing and Communication, ID Quantique, [email protected] or + 42 22 801 83 71 
 

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Artificial Intelligence

Sona, next-generation workforce management for frontline, raises $27.5M Series A led by Felicis

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LONDON, May 14, 2024 /PRNewswire/ — Sona, the next-generation, intelligent workforce management platform for frontline enterprises founded by Steffen Wulff Petersen, Oli Johnson and Ben Dixon, announced today its $27.5M Series A. Felicis led the financing with participation from Northzone, Google’s AI-fund Gradient, SpeedInvest, Antler, BAG Ventures, and numerous notable angels participated in the round. Sona has raised $40M+ to date and will use this fresh round of capital to expand its go-to-market function and build more advanced AI capabilities on its platform. In 2023 alone, Sona experienced an explosive 400%+ revenue growth. To date, over 4.6 million shifts have been created on Sona.

The frontline workforce represents nearly 2 billion people worldwide, 56% of the global workforce. In spite of this, frontline innovations have received

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Artificial Intelligence

Dangbei to Unveil Mars Pro 2: World’s First Google TV 4K Laser Projector with Licensed Netflix

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A leap forward in home entertainment, combining a super-bright 4K laser cinema with the convenience of Google TV and licensed Netflix access
TUMWATER, Wash., May 14, 2024 /PRNewswire/ — Dangbei, an innovator in smart entertainment, today announces the launch of its flagship model, Dangbei Mars Pro 2, the world’s first Google TV 4K laser projector with a built-in, licensed Netflix app. It marks the first projector to combine laser-illuminated Ultra HD picture, Dolby and DTS:X surround sound, the vast content universe of Google TV, and advanced smart controls. This makes it a truly all-in-one entertainment hub, transforming spaces into a movie theater, a gaming arena, or even a sports bar.

The Brightest Projector from Dangbei
Boasting a stellar 2450 ISO lumens powered by a laser light source, Dangbei Mars Pro 2 is Dangbei’s brightest projector to date. This translates to consistently vibrant visuals, day or night, for years to come. The premium 4K UHD picture with HDR10+ support offers a theater-quality experience, and the ALPD® technology ensures speckle-free and color fringing-free visuals.
Netflix and More at Fingertips
Mars Pro 2 makes streaming a breeze. The pre-installed, licensed Netflix app delivers smooth, stutter-free playback, taking Netflix viewing on projectors to new heights. Google TV’s intuitive interface allows for managing watchlists, multiple profiles, and getting personalized recommendations from all preferred streaming services, including Netflix, YouTube, Prime Video, Hulu, Disney+, and more.
Big Picture, Big Sound
Despite its compact size compared to traditional projectors, Mars Pro 2 can project expansive images up to 200 inches—over 2.5 times larger than a 75-inch TV. The immersive adventure goes beyond visuals. Mars Pro 2 boasts powerful sound with dual 12W built-in speakers, a spacious 600ml sound chamber, Dolby Audio, and DTS:X support, creating a next-level cinematic soundscape.
Smarter Image Optimization
Mars Pro 2 debuts Dangbei’s next-gen intelligent image optimization technology, InstanPro AI Image Setup. It leverages a combination of dToF, CMOS, and AI algorithms to offer a range of functionalities. Users can enjoy faster autofocus, auto keystone, screen fit, obstacle avoidance, eye protection, and AI brightness control—all designed for a perfect viewing experience.
Unleash Endless Entertainment
Dangbei Mars Pro 2 is a one-stop shop for entertainment. A dedicated game mode with low latency, 4K 60Hz refresh rate, HDMI 2.1, and WiFi 6 ensures seamless gameplay. MEMC technology smooths out fast-action for sporting events and more. Plus, Mars Pro 2 comes with 3D capabilities including Blu-ray, all delivered in whisper-quiet operation under 24 dB for uninterrupted enjoyment.
Pricing and Availability
Dangbei Mars Pro 2 will be officially released on May 28th, available both on the official website and Amazon US for $1899. To mark the occasion, Dangbei will offer a special discount of $400, bringing the price down to $1499. Customers can even claim a free gimbal stand (valued at $139) with their purchase of Mars Pro 2 on the Official Website, by subscribing to the newsletter prior to launch. 
The new product will also be available on Amazon UK/EU and other marketplaces like MediaMarkt, Fnac, Alza, Datart, and Allegro.
About Dangbei
Dangbei is a premium smart entertainment provider specializing in projectors and other innovative products. Trusted by over 200 million users worldwide, Dangbei offers stunning visuals and immersive sound, transforming spaces into vibrant entertainment, work, and life hubs.
In China, Dangbei leads in software for large screens, providing a vast app and content library across entertainment, health, education, and productivity. Dangbei ranks Top 2 in terms of shipments in China and Top 1 in the laser projector category. Learn more at us.dangbei.com.
Photo – https://mma.prnewswire.com/media/2397856/Mars_Pro_2.jpg

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