ARC’s recent market research on SCADA systems for the upstream and midstream oil & gas industry reveals that SCADA systems are evolving to better support increased demand for field data in a secure manner. The global SCADA market reflects the impact of new economic realities on SCADA components and cost-effective communications for data and knowledge transfer. SCADA systems are becoming more advanced by using technologies like AI, cloud computing, and IoT, to improve their functions and performance. The integration of leading-edge technologies in SCADA systems can improve a variety of applications and trends within different industrial domains and sectors, such as smart grids, smart manufacturing, and smart cities.
"Cybersecurity is a critical concern in the oil and gas industry due to the reliance on technology and information systems for operations. A cyberattack could lead to operational disruptions, economic losses, and environmental harm. The industry is enhancing SCADA systems with strong cybersecurity features to combat frequent cyber threats targeting critical infrastructure. Compliance with industry standards and regulations is crucial for environmental protection, safety, and operational efficiency. Services addressing cybersecurity will continue to grow and even outpace software and hardware sales, especially in regulated industries such as pipelines. This can also be an issue for older systems, as newer systems have better solutions to address cybersecurity,” according to Vidya Prasad, Senior Analyst and key author of ARC's SCADA Systems for Oil & Gas Industry Market Research.
SCADA Systems for Oil & Gas Industry Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Increased Available Bandwidth
- More Field Compute Wanted
- Sustainability Demands Alternatives
- Integration Of Advanced Technologies
Leading Suppliers to the SCADA Systems for Oil & Gas Industry Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Emerson Automation Solutions, Honeywell, Schneider Electric, Yokogawa.
About the SCADA Systems for Oil & Gas Industry Research
The SCADA Systems for Oil & Gas research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and three years of historical analysis. The research segmentation includes Customer Type, World Region, Sales Channel, Service Revenues by Type, Project Type, Revenue Category, Industry Sector, Pipeline Type, Project Size, Hardware Revenues by Type, Software Revenues by Application, Overall Scope.
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