Some of the major drivers for the growth of this market include rising demand for automated industrial control solutions and rising investment in installing automated and connected process and control systems to gain efficiency over human labor-based operations. Several businesses are investing in automation technologies in order to save money and increase productivity. Furthermore, the development of cloud-based SCADA systems that provide enhanced collaboration and control over various processes and operations will drive demand for SCADA systems in the coming years. The risk of cyber-attacks, on the other hand, is a major challenge for the SCADA market.
Some of the major factors driving the automotive segment include the increasing adoption of industrial automation and control systems in automotive manufacturing and process facilities to increase productivity, efficiency, and reduce human load, as well as the increasing need to collect real-time data to control and monitor industrial equipment and manufacturing processes. Companies are creating new SCADA solutions.
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