The SCADA oil & gas market is projected to grow at a CAGR of 5.77% from 2017 to 2022, to reach a market size of USD 4.52 Billion by 2022. Increased investments in pipeline networks, rising demand for remote management of oil & gas pipelines, and increased thrust on process optimization through automation and digitalization is expected to drive the this market during the forecast period.

The report segments market based on architecture into hardware, software, and services. The hardware segment dominated the market, by architecture, in 2016 accounting for the largest share in the total project spending. Hardware segment is followed by the software and services segments in terms of market share. Rising investments focused on automated devices in the oil & gas infrastructure is expected to drive the hardware segment.

Based on stream, the market is segmented into upstream, midstream, and downstream. Midstream is the largest segment for the market of SCADA oil & gas , by value stream.  Rising investments in pipeline infrastructure from countries, such as, the US, Canada, Russia, China, and India, is expected to drive the market during the forecast period.

In this report, the market has been analyzed with respect to seven regions, namely, North America, Europe, Asia Pacific, South-East Asia, South America, the Middle East, and Africa. North America is expected to dominate the this market during the forecast period, due to increase in investments in the pipeline infrastructure and increased adoption of cloud services in the region.  Growing investments in refineries and exploration of new oil & gas fields in the US and Canada is also expected to drive the demand for SCADA in the oil & gas industry in North America.

Declining and fluctuating oil & gas prices is expected to slow down the demand for the market during the forecast period. However, the growth in R&D in the wireless sensor network and increased use of big data analytics, offers lucrative opportunities for the market. Some of the leading players in this market includes Yokogawa Electric Corporation (Japan), General Electric Company (US), Honeywell International Inc. (US), CygNet Software, Inc. (US), Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation, Inc. (US), PSI AG (Germany), Mitsubishi Electric Corporation (Japan), Orbcomm Inc. (US), Iconics, Inc. (US), International Business Machines Corporation (US), TechnipFMC plc (UK), and Emerson Electric Co. (US).  New product launches and contracts & agreements were the most commonly adopted strategies by players to ensure their dominance in the market.

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