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Global Industrial Automation Software Market to Accelerate at a CAGR of Almost 3% During 2020-2024


Industrial Automation Software Market: Product Landscape
Based on the product, the SCADA software segment generated maximum revenue to the market in 2019. The rise in smart grid technology in the power industry drives the global SCADA market toward growth. The market growth in the segment will be significant over the forecast period.
Industrial Automation Software Market: End-user Landscape
Based on end-user, the process industries led the market in 2019. The increased need for plant optimization and enhanced overall efficiencies are driving the demand for automation software solutions such as programmable logic controller (PLC), SCADA, DCS, and manufacturing execution system (MES) across process industries. ....

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Technavio Research: Global Industrial Remote Terminal Unit Market to Grow by $ 1.94 Billion During 2020-2024 | APAC to Account for 35% Growth


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The industrial remote terminal unit (RTU) market is expected to grow by USD 1.94 billion, progressing at a CAGR of almost 6% during the forecast period. The rising investments in water and wastewater treatment and oil and gas industries will be crucial in generating revenue in the market. In addition, the rising dependence on natural gas and fossil fuels to ensure energy security is expected to drive demand for industrial RTU across end-user industries over the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201217005120/en/
Technavio has announced its latest market research report titled Global Industrial Remote Terminal Unit (RTU) Market 2020-2024 (Graphic: Business Wire) ....

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