Stratview Research delivers key insights into the global SCADA Oil and Gas Market. According to Stratview Research, the market is segmented by Architecture Type (Hardware Components, Software Solutions [Cloud-Based Solutions and Other Software Solutions], and Services), by Stream Type (Upstream, Midstream, and Downstream), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The report suggests that the overall SCADA oil and gas market size was valued at USD 3.47 billion in 2021 and is likely to grow at a CAGR of 5.85% during 2022-2028 to reach USD 5.19 billion in 2028.

What is a SCADA Oil and Gas?

SCADA is an architecture of control systems comprising computers, networked data communications, and graphical user interfaces for supervisory management. SCADA systems are used in the oil and gas refining and transportation industries to monitor and control a plant or equipment. It assists in obtaining data from remote devices such as valves, transmitters, and pumps, introduced in the field. The various sub-segments and components of the oil & gas SCADA system are programmable logic controllers (PLCs), industrial PCs, RTUs, servers, telemetry systems, and a supervisory system that provides various advantages in the production processes of the oil & gas industry.

Market Drivers

The growth of the market is mainly driven by factors such as-

• Increasing investments in the oil & gas pipeline networks along with the increasing demand for remote management of oil & gas pipelines,
• The surge in penetration of cloud computing services in the SCADA systems.

Furthermore, increasing demand for real-time information is another key driver contributing to the growth of the market.

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-        What is the global demand for SCADA Oil and Gas Market in terms of revenue?

-        Which are the prominent players in the market?

-        At what CAGR is the market projected to grow within the forecast period?

-        What are the driving factors fuelling the growth of the market?

-        Which region accounted for the largest share in the market?

-        How did the Covid19 impacted the market?

-        How long will it take to recover from the Covid impact?

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-        Reliable data

-        Attractive market segments and associated growth opportunities.

-        Customised report services

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Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.

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