SCADA systems crucial to success, reveals Frost & Sullivan research
SCADA systems have become more important than ever to the operation of a utility, according to new research from Frost & Sullivan.
SAN JOSE, Calif., Feb. 19, 2001 (BUSINESS WIRE)—Many companies are streamlining operations and cutting costs to remain competitive.
The one they cannot afford to cut, however, is Supervisory Control and Data Acquisition (SCADA) systems. These monitoring systems provide real-time strategic information in a dynamic environment and are invaluable to successful market participants.
New analysis from Frost & Sullivan (http://frost2001.frost.com), "World SCADA Systems and Software Markets," reveals this industry generated $2.7 billion in revenues in 1999. Frost & Sullivan projects that number to nearly double by 2006, topping $4 billion.
SCADA systems play a key role in several industries, such as water and wastewater management, oil and gas production, and power and electric utilities. They are also expected to have a tremendous effect in the transportation industry as new freight and light rail systems come online.
"SCADA systems and software will need to be there to provide strategic information to decision-makers in a real-time environment," says Frost & Sullivan industry expert Pamela Culbertson-Krieger. "SCADA is the real-time IT business and cannot be ignored by enterprises without potentially risking both the profitability and viability of their business in a fiercely competitive environment."
PC-based SCADA systems are expected to garner a greater share of the market as end users move away from workstation-based systems. End users are more familiar with these systems as they operate on a Windows platform. Ease-of-use and lower total costs of ownership are two main factors driving this segment.
"PC-based systems are the wave of the future. These systems offer increased reliability, ease of use and decreasing price points, making it the solution of choice for small and medium-sized applications," says Culbertson-Krieger. "The shifting market toward PC-based turnkey solutions offer market opportunities to smaller systems integrator firms."
Frost & Sullivan's exhaustive research discovered the market drivers and restraints for the entire world market and its four main segments: PC-based turnkey systems, packaged SCADA software, SCADA hardware aftermarket, and workstation-based turnkey systems. Each segment of the market is analyzed in great detail and helps the analyst to form educated conclusions on each segment's future. This research also identifies key challenges facing all market participants and suggests strategies to overcome them.
The study focuses on major global markets, including North America, Europe, Asia and Rest of World. It analyzes the market for each region and offers ways to find success in these markets.
Frost & Sullivan, which is headquartered in San Jose, Calif., is a global leader in international strategic market consulting and training. Frost & Sullivan's industry experts monitor the process control instrumentation industry for market trends, market measurements and strategies. Executive summaries and interviews are available to the press.
Along with publishing in-depth strategic market consulting research, Frost & Sullivan also provides custom consulting needs to a variety of national and international companies.
(Report: 7248-12 Date: February 2001)