The global demand for Operational Technology Security Market is presumed to reach the market size of nearly USD 28.57 MN by 2028 from USD 15.33 MN in 2021 with a CAGR of 9.3% under the study period 2022 - 2028.
Operational technology security references the software, hardware, practices, personnel, and services used to protect people, assets and information involved in the monitoring and controlling of physical devices, processes and events. Operational technology security is designed to meet the unique security needs of OT environments. This includes safeguarding system availability, comprehending OT-specific protocols, and preventing attacks on legacy systems commonly used in OT environments. Operational technology security is used in various industries to measure, control, and view processes.
Market Dynamics
The market is driven by factors like the industry 4.0 adoption is quickly rising, and the number of cyber-attacks is fostering in the operational technology market. Moreover, the digital transformation has increased the need for operational technology security in the power generation & electrical segment. Furthermore, an increase in data traffic and utilization of 5G services are the factors fostering the operational technology security market growth. Additionally, government initiatives toward digitalization, increased regulatory requirements, and a rise in cyberattacks on OT infrastructure is pushing the market forward. However, factors like shortage of knowledge related to the software used in the operational technology and the cost factor may hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of operational technology security. The growth and trends of operational technology security industry provide a holistic approach to this study.
Market Segmentation
This section of the operational technology security market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Deployment
By End-Use Industry
- Power & Electrical
- Manufacturing
- Transportation
- Mining
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Operational Technology Security market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Operational Technology Security Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the operational technology security market include VMware, Inc (US), Honeywell International Inc (US), Schneider Electric (France), Cisco Systems Inc. (US), Broadcom (US), Kaspersky Lab (Russia), General Electric (US), Rockwell Automation Inc. (US), PAS Global LLC. (US), Fortinet Inc. (US), Palo Alto Networks (US), Darktrace (UK), and Forescout Technologies Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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