Operational Technology (OT) Security Market Growth, Key Trends & Factor Driving Industry till 2030

Global Operational Technology (OT) Security Market Overview and Insights:

Operational Technology (OT) Security Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Operational Technology (OT) Security Industry and its Yearly Growth Rate?

The Global 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. Recently, there’s has been a substantial tendency towards industrial automation, which has been enhancing the acceptance of operational technology solutions. The oil & gas, manufacturing, and other industries have been promptly adopting operation technology solutions to strengthen their performance.

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Who are the Main Competitors Driving the Global Operational Technology (OT) Security Market Forward?

The prominent players essentially operating in the Operational Technology (OT) Security Market are as follows:

• 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.
• Others

What are the key Drivers Defining the Global Operational Technology (OT) Security Market Size?

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.

Also, the official governing bodies across the globe are recognizing the importance of data security & privacy. Therefore, the authorities are laying regulations that are mandating organizations to integrate security solutions within their digital ecosystems. Thus, compliance with these safety standards will continue to boost the requirement for OT security solutions in the coming years.

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What is the Segmentation of the Global Operational Technology (OT) Security Market?

The Operational Technology (OT) Security market covered in this report is segmented –

• 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

Key Questions Answered in the Research Report

1. What is the predicted Operational Technology (OT) Security market size and growth rate for the years 2024-30?
2. What challenges are restricting the growth of the Operational Technology (OT) Security market?
3. Which segment accounted for the largest market share in the Operational Technology (OT) Security market?
4. Which prominent companies are leading growth in the Operational Technology (OT) Security market?
5. In what formats does Markntel Advisors deliver the concerned report descriptions?
6. How long does it take for customers to receive the reports provided by Markntel Advisors?
7. Does Markntel Advisors provide customized reports?

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