The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Operational Technology (OT) Security Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Operational Technology (OT) Security Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Operational Technology (OT) Security Market size is valued at USD 19.84 billion in 2023 and is projected to reach USD 58.45 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.93% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Operational Technology (OT) Security Market Segmentation?
The report has segmented the market into the following categories:
By Offering
- Solutions - Market Size & Forecast 2019-2030, USD Million
- Security Information & Event Management (SIEM)- Market Size & Forecast 2019-2030, USD Million
- Asset Management - Market Size & Forecast 2019-2030, USD Million
- Network Segmentation & Isolation - Market Size & Forecast 2019-2030, USD Million
- Access Control & Identity Management- Market Size & Forecast 2019-2030, USD Million
- Vulnerability Management- Market Size & Forecast 2019-2030, USD Million
- Incident Response & Management- Market Size & Forecast 2019-2030, USD Million
- Data Protection & Encryption- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Services - Market Size & Forecast 2019-2030, USD Million
- Managed Security Services- Market Size & Forecast 2019-2030, USD Million
- Consulting & Advisory Services- Market Size & Forecast 2019-2030, USD Million
- Training & Education- Market Size & Forecast 2019-2030, USD Million
- Consulting Services- Market Size & Forecast 2019-2030, USD Million
- Integration Services- Market Size & Forecast 2019-2030, USD Million
- Support & Maintenance- Market Size & Forecast 2019-2030, USD Million
Asset Management Solutions have gained a noticeable market share in the Global Operational Technology (OT) Security market over the past few years.
By Deployment
- Cloud - Market Size & Forecast 2019-2030, USD Million
- On-Premise- Market Size & Forecast 2019-2030, USD Million
By Enterprise Size
- Large Enterprises - Market Size & Forecast 2019-2030, USD Million
- Small & Medium Enterprises- Market Size & Forecast 2019-2030, USD Million
By End Users
- Energy & Utilities - Market Size & Forecast 2019-2030, USD Million
- Oil & Gas - Market Size & Forecast 2019-2030, USD Million
- Manufacturing- Market Size & Forecast 2019-2030, USD Million
- Transportation and Logistics - Market Size & Forecast 2019-2030, USD Million
- Mining- Market Size & Forecast 2019-2030, USD Million
- Healthcare - Market Size & Forecast 2019-2030, USD Million
- Others (Building & Construction, Military, etc.)- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- Rest of the World
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Key Factor Driver Operational Technology (OT) Security Industry Growth by 2030
Rising Cybersecurity Threats Amplifying the Demand for OT Security Solutions – Over the past few years, several industries have transitioned towards digital platforms and started providing online services. As per the statistics by the GoDaddy Data Observatory, in 2023, more than 55% of the smaller businesses and around 71% of the larger enterprises have started using online platforms to provide services to consumers. These companies store the information related to the finances & the customers in their cloud servers. However, with the evolution of technology, the number of cyberattack incidents has also increased. Based on the statistics by IBM, a tech-based company, data breaches across the globe rose by 72% during 2021-2023, compromising the critical information of the organizations as well as customers. Therefore, to ensure the safety of the data, enterprises are increasingly adopting these security solutions, amplifying the market growth.
Who are the Key Players Operating in the Operational Technology (OT) Security Industry?
The top companies of the Operational Technology (OT) Security market ruling the industry are:
- Fortinet, Inc.
- AO Kaspersky Lab
- Cisco Systems, Inc.
- Forcepoint
- Thales
- Palo Alto Networks
- Broadcom
- Rockwell Automation
- Forescout
- Honeywell International Inc.
- Darktrace Holdings Limited
- Microsoft
- Nozomi Networks
- International Business Machines Corp.
- Qualys, Inc.
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FAQs (Frequently Ask Questions)
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