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TechNavio Says Integrated Safety Solutions Will Positively Impact the Global SCADA Market in the Oil and Gas Industry by 2019
[December 03, 2014]

TechNavio Says Integrated Safety Solutions Will Positively Impact the Global SCADA Market in the Oil and Gas Industry by 2019


TechNavio, a tech-focused research firm has published a new report on the Global SCADA Market in the Oil and Gas Industry, which is expected to grow at a CAGR of 7.45 percent from 2015-2019.

Infrastructure investments in the oil and gas industry are expected to increase significantly in tandem with growing demand for resources from countries in the APAC region.

According to the latest report from TechNavio, the development of integrated safety solutions is propelling the Supervisory Control and Data Acquisition (SCADA) Market in the Oil and Gas Industry. Several vendors are offering integrated solutions, which are more effective than traditional safety systems and help end-users optimize their overall operational costs and improve operational efficiency.

"Honeywell (News - Alert) International offes integrated process control and a safety system that is highly effective as compared to legacy systems," says Faisal Ghaus, Vice President of TechNavio.



In addition, the increased development of midstream infrastructure is also expected to propel the market growth.

"Upcoming midstream infrastructure will lead to increased demand for SCADA systems to monitor and control the state and flow of oil and gas," says Ghaus.


TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].


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