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Intelligent Transportation System Market is Booming Worldwide Scrutinized in New Research

  Market Overview   Market Research Future (MRFR) reveals multiple causes that are likely to support the Intelligent Transportation System Market 2021 in the years to come. The expansion of intelligent transportation system market is likely at 9.31% CAGR in the analysis period 2021 to 2030. By 2030, the intelligent transportation system market is expected to garner USD 42.67 Bn. A comprehensive analysis for intelligent transportation system market dynamics in COVID 19 is elaborated in the report. The gradual adoption of intelligent transportation system across the information and communications technology sector can prompt the expansion of the Intelligent Transportation System (ITS) Market in the years to come.  The rise in number of cars and other types of transportation has triggered the need for advanced commute solutions. The increase in the need for effective traffic management by increasing value of time can contribute to the ITS market rise. The introduction of ...
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SCADA Market Forecast Innovative Technologies, Segmentation, Trends and Business Opportunities 2020-2027 | COVID-19 Effects

 

Market Highlights

SCADA is an automation tool which collects and supervises data. Global SCADA market is expected to show significant growth through the forecast period. Increase in demand for automation among various industry verticals, rise in the Internet of things, demand for remote control of operations are the factors that are driving the global SCADA market. Furthermore, increasing investments in research and development, entry of new market players to provide innovative SCADA solutions, government support to adopt SCADA solutions among industries are a few fuelling factors of the market growth.

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Segmentation:

The market for global SCADA market is segmented into component, architecture, deployment, end-users, and region. High initial costs and data privacy are hindering the market growth.

Competitive Landscape:

Some of the major player operating in the market of Global SCADA are ABB (Sweden), Rockwell Automation (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Siemens AG (Germany), Emerson Electric (U.S.), eLynx Technologies (U.S.), Enbase Solutions (U.S.), Globlx (U.S.), Iconics (U.S.), IBM Corporation (U.S.), Mitsubishi Electric Corporation (Japan) among others.

Regional Analysis:

The SCADA market, on the basis of region, is segmented into the North America, Europe, Asia Pacific and the Rest-of-the-World (RoW). The Asia Pacific market is anticipated to exhibit a robust growth rate over the forecast period owing to thriving automotive and education sectors across India, Japan, and China. Rising demand by industry stalwarts in regards to precision is expected to bolster demand for SCADAs. The Europe and North America markets possess immense growth potential on account of adopting latest technologies and demand from consumers. For instance, Jenoptik AG, an industry leader, has launched liquid crystal SLMs to modulate continuous wave (CW) laser light. The laser emitted from CW lights can be used to fabricate semiconductor chips and manufacture tiny components.

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