The global SCADA market is growing unprecedentedly, it is projected to grow at a 5% CAGR and expect to achieve $32.70 billion by 2020 according to a new market report by Transparency Market Research (SCADA Market—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020).
As SCADA system becoming increasingly smart with the adoption of various innovative applications, in addition to its transition from proprietary closed networks to open source solutions, it has also caused organisations being exposed to the risks on cyber security, which is one of the biggest challenges face by SCADA professionals today. Furthermore, among the other key issues include the need to integrate SCADA system within current business systems for an improved business decision making as well as implementing advanced applications within SCADA system to manage the increasingly complex business environment. With that being said, it is vital to establish a proactive management of SCADA system along with proper analysis of real time data that could lead to greater resource optimisation and total risk reduction.
Be sure not to miss out on Equip Global’s leading SCADA World Summit 2016. It provides an exclusive platform that brings together cross-industry SCADA Leaders and Project Owners to discuss the implementation of highly effective and energy efficient SCADA system in order toaccommodate ever growing business needs, achieve tremendous improvements in business processes as well as enhancing business profitability.