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Operational Technology (OT) Security Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5782901
The operational technology (ot) security market size has grown rapidly in recent years. It will grow from $18.65 billion in 2023 to $20.76 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth observed in the historical period can be attributed to increased connectivity, aging infrastructure, cyber attacks, failures in incident response, and the adoption of digital technologies.

The operational technology (ot) security market size is expected to see rapid growth in the next few years. It will grow to $31.31 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The anticipated growth in the forecast period can be attributed to the integration of 5G, regulatory evolution, migration to the cloud, adoption of biometric security measures, and the integration of blockchain. Major trends in the forecast period include the implementation of a zero-trust framework, utilization of behavioral analytics, emphasis on predictive maintenance security, recognition of the human element, and the adoption of automated incident response.

The expanding utilization of digital technologies within industrial systems is poised to drive the growth of the operational technology (OT) security market in the coming years. Digital technologies in industrial settings encompass heightened levels of automation, preventative maintenance, self-optimization for process improvements, and notably, enhanced efficiency and customer responsiveness. Operational technology security assumes a pivotal role in both operational and enterprise environments, serving as a foundational element in addressing challenges posed by digital technologies. It facilitates the seamless adoption of new technologies within operational settings while prioritizing safety and security. As reported by the Computing Technology Industry Association, a US-based non-profit organization renowned for issuing professional certifications in the information technology industry, the information technology sector is anticipated to witness a 4% increase in 2021, reaching a market value of $5 trillion. Consequently, the heightened integration of digital technologies in industrial systems stands as a driving force behind the growth of the operational technology (OT) security market.

The growing prevalence of remote work is poised to significantly contribute to the expansion of the operational technology (OT) security market in the foreseeable future. Remote work, defined as the practice of conducting work outside a traditional office environment, introduces challenges related to the secure handling of sensitive operational data. To ensure data privacy, maintain regulatory compliance, and protect against unauthorized access to confidential information, the implementation of robust OT security measures becomes imperative in remote work scenarios. Notably, in September 2022, a report from the United States Census Bureau, a government agency, highlighted that nearly half of the workforce in the District of Columbia, comprising 48.3%, embraced remote work – marking the highest percentage of home-based workers among states and state equivalents in 2021. Moreover, states with notable proportions of remote workers included Washington (24.2%), Maryland (24.0%), Colorado (23.7%), and Massachusetts (23.7%). Consequently, the escalating trend of remote work stands as a key driver behind the growth of the operational technology (OT) security market.

The proliferation of digital technologies within industrial systems is expected to propel the expansion of the operational technology (OT) security market in the foreseeable future. This advancement encompasses automation enhancements, preventative maintenance protocols, self-optimization for process improvements, and notably, heightened efficiency and responsiveness in addressing customer needs. Operational technology security assumes a pivotal role within operational and enterprise environments due to its ability to form a robust foundation in confronting challenges posed by digital technologies. It facilitates the seamless adoption of new technologies within operational settings while underscoring the paramount importance of safety and security. For instance, statistics released by the Computing Technology Industry Association, a renowned US-based non-profit organization specializing in professional certifications for the information technology industry, project a 4% increase in the information technology sector, expected to reach $5 trillion by 2021. Consequently, the heightened integration of digital technologies within industrial systems stands as a driving force behind the growth trajectory of the operational technology (OT) security market.

Major players within the operational technology (OT) security market are strategically embracing partnerships to offer holistic security platforms tailored for operational technology (OT) environments. These strategic partnerships involve companies leveraging each other's strengths and resources to attain mutual benefits and foster success. A pertinent example occurred in June 2023 when L&T Technology Services Limited, an India-based technology company, collaborated with Palo Alto Networks, a US-based provider specializing in operational technology (OT) security. Through this partnership, LTTS and Palo Alto Networks aim to provide comprehensive security services and solutions, particularly focusing on 5G and operations technology (OT) across diverse industries. LTTS has now established itself as a Palo Alto Networks Managed Security Services Partner (MSSP), enabling the provision of an array of security services, including 5G, OT, and IT/OT Converged SOC services. This collaboration empowers end customers in industrial sectors to effectively mitigate security risks within their OT environments through a managed service offering centered around the Palo Alto Networks Zero Trust OT Security solution. This strategic alliance underscores a commitment to fortifying OT security by amalgamating expertise and resources to deliver robust, tailored solutions addressing the evolving challenges within operational technology landscapes.

In September 2023, Sapphire, a cyber security solutions provider based in the UK, successfully acquired Awen Collective for an undisclosed amount. This strategic acquisition positions Sapphire to expand its service portfolio, providing support to UK organizations seeking to integrate their IT and OT infrastructures while reinforcing cybersecurity defenses against cyber threats. The acquisition encompasses Awen Collective's intellectual property and assets, featuring its comprehensive technology stack. This includes Dot, specializing in OT asset discovery and vulnerability management, along with Profile, an industrial cyber compliance management system. Awen Collective, the acquired company, is a UK-based provider of operational technology (OT) security solutions.

Major companies operating in the operational technology (ot) security market report are Honeywell International Inc., Siemens AG, General Electric Company, Accenture plc, IBM Corporation, Cisco Systems Inc., Schneider Electric SE, Broadcom Inc., ABB Ltd., VMware Inc., Rockwell Automation Inc., Palo Alto Networks Inc., Fortinet Inc., Belden Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated, Zscaler, Kaspersky Lab, Darktrace Limited, FireEye Inc., Dragos Inc., Cyberbit Ltd., PAS Global LLC, Clavister AB, Nozomi Networks Inc., Mocana Corporation, Radiflow Ltd., Bayshore Networks Inc., Forescout Technologies Inc., Claroty Ltd., Owl Cyber Defense Solutions LLC, Innominds Software Inc., Tempered Networks Inc., CyberArk Software Ltd., Senstar Corporation, Wurldtech Security Technologies lnc., Securicon LLC, SecuriThings Ltd., Applied Risk B.V., Tenable Inc., OSIsoft LLC, Radware Ltd.

North America was the largest region and Western Europe was the second largest region in the operational technology (OT) security market in 2023. The regions covered in the operational technology (ot) security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the operational technology (ot) security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Operational technology (OT) security primarily encompasses solutions and services tailored for industrial systems. OT security solutions entail specialized software and protocols, facilitating interface capabilities with legacy and proprietary systems. These tools are instrumental in monitoring and managing the operations of industrial machinery within manufacturing, essential infrastructure (e.g., power and water systems), and related sectors. These security measures are deployed via cloud or on-premises setups, catering to both large enterprises and SMEs. The application of operational technology security spans across industries such as power and electrical, mining, transportation, manufacturing, and others.

The operational technology (OT) security market research report is one of a series of new reports that provides operational technology (OT) security market statistics, including operational technology (OT) security industry global market size, regional shares, competitors with operational technology (OT) security market share, detailed operational technology (OT) security market segments, market trends and opportunities, and any further data you may need to thrive in the operational technology (OT) security industry. This operational technology (OT) security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The operational technology (OT) security market includes revenues earned by entities by 24*7 monitoring, incident detection and response, training and consulting, deployment, testing, and support and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The market value includes the value of related goods sold by the service provider or included within the service offering. The operational technology (OT) security market also includes sales of integrated platforms and standalone tools which are used in providing operational technology (OT) security services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Operational Technology (OT) Security Market Characteristics3. Operational Technology (OT) Security Market Trends and Strategies
4. Operational Technology (OT) Security Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Operational Technology (OT) Security Market Size and Growth
5.1. Global Operational Technology (OT) Security Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Operational Technology (OT) Security Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Operational Technology (OT) Security Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Operational Technology (OT) Security Market Segmentation
6.1. Global Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Solutions
  • Services
6.2. Global Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Cloud
  • on-Premise
6.3. Global Operational Technology (OT) Security Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Large Enterprises
  • Small and Medium Enterprises (SMEs)
6.4. Global Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Power and Electrical
  • Mining
  • Transportation
  • Manufacturing
  • Other Industries
7. Operational Technology (OT) Security Market Regional and Country Analysis
7.1. Global Operational Technology (OT) Security Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Operational Technology (OT) Security Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Operational Technology (OT) Security Market
8.1. Asia-Pacific Operational Technology (OT) Security Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Operational Technology (OT) Security Market
9.1. China Operational Technology (OT) Security Market Overview
9.2. China Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Operational Technology (OT) Security Market
10.1. India Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Operational Technology (OT) Security Market
11.1. Japan Operational Technology (OT) Security Market Overview
11.2. Japan Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Operational Technology (OT) Security Market
12.1. Australia Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Operational Technology (OT) Security Market
13.1. Indonesia Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Operational Technology (OT) Security Market
14.1. South Korea Operational Technology (OT) Security Market Overview
14.2. South Korea Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Operational Technology (OT) Security Market
15.1. Western Europe Operational Technology (OT) Security Market Overview
15.2. Western Europe Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Operational Technology (OT) Security Market
16.1. UK Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Operational Technology (OT) Security Market
17.1. Germany Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Operational Technology (OT) Security Market
18.1. France Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Operational Technology (OT) Security Market
19.1. Italy Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Operational Technology (OT) Security Market
20.1. Spain Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Operational Technology (OT) Security Market
21.1. Eastern Europe Operational Technology (OT) Security Market Overview
21.2. Eastern Europe Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Operational Technology (OT) Security Market
22.1. Russia Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Operational Technology (OT) Security Market
23.1. North America Operational Technology (OT) Security Market Overview
23.2. North America Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Operational Technology (OT) Security Market
24.1. USA Operational Technology (OT) Security Market Overview
24.2. USA Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Operational Technology (OT) Security Market
25.1. Canada Operational Technology (OT) Security Market Overview
25.2. Canada Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Operational Technology (OT) Security Market
26.1. South America Operational Technology (OT) Security Market Overview
26.2. South America Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Operational Technology (OT) Security Market
27.1. Brazil Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Operational Technology (OT) Security Market
28.1. Middle East Operational Technology (OT) Security Market Overview
28.2. Middle East Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Operational Technology (OT) Security Market
29.1. Africa Operational Technology (OT) Security Market Overview
29.2. Africa Operational Technology (OT) Security Market, Segmentation by Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Operational Technology (OT) Security Market, Segmentation by Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Operational Technology (OT) Security Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Operational Technology (OT) Security Market Competitive Landscape and Company Profiles
30.1. Operational Technology (OT) Security Market Competitive Landscape
30.2. Operational Technology (OT) Security Market Company Profiles
30.2.1. Honeywell International Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Siemens AG
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. General Electric Company
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Accenture plc
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. IBM Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Operational Technology (OT) Security Market Other Major and Innovative Companies
31.1. Cisco Systems Inc.
31.2. Schneider Electric SE
31.3. Broadcom Inc.
31.4. ABB Ltd.
31.5. VMware Inc.
31.6. Rockwell Automation Inc.
31.7. Palo Alto Networks Inc.
31.8. Fortinet Inc.
31.9. Belden Inc.
31.10. Check Point Software Technologies Ltd.
31.11. Trend Micro Incorporated
31.12. Zscaler
31.13. Kaspersky Lab
31.14. Darktrace Limited
31.15. FireEye Inc.
32. Global Operational Technology (OT) Security Market Competitive Benchmarking33. Global Operational Technology (OT) Security Market Competitive Dashboard34. Key Mergers and Acquisitions in the Operational Technology (OT) Security Market
35. Operational Technology (OT) Security Market Future Outlook and Potential Analysis
35.1 Operational Technology (OT) Security Market in 2028 - Countries Offering Most New Opportunities
35.2 Operational Technology (OT) Security Market in 2028 - Segments Offering Most New Opportunities
35.3 Operational Technology (OT) Security Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Operational Technology (OT) Security Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on operational technology (ot) security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for operational technology (ot) security? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Offering: Solutions; Services
2) By Deployment Mode: Cloud; On-Premise
3) By Organization Size: Large Enterprises; Small and Medium Enterprises (SMEs)
4) By Industry: Power and Electrical; Mining; Transportation; Manufacturing; Other Industries

Key Companies Mentioned: Honeywell International Inc.; Siemens AG; General Electric Company; Accenture plc; IBM Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Honeywell International Inc.
  • Siemens AG
  • General Electric Company
  • Accenture plc
  • IBM Corporation
  • Cisco Systems Inc.
  • Schneider Electric SE
  • Broadcom Inc.
  • ABB Ltd.
  • VMware Inc.
  • Rockwell Automation Inc.
  • Palo Alto Networks Inc.
  • Fortinet Inc.
  • Belden Inc.
  • Check Point Software Technologies Ltd.
  • Trend Micro Incorporated
  • Zscaler
  • Kaspersky Lab
  • Darktrace Limited
  • FireEye Inc.
  • Dragos Inc.
  • Cyberbit Ltd.
  • PAS Global LLC
  • Clavister AB
  • Nozomi Networks Inc.
  • Mocana Corporation
  • Radiflow Ltd.
  • Bayshore Networks Inc.
  • Forescout Technologies Inc.
  • Claroty Ltd.
  • Owl Cyber Defense Solutions LLC
  • Innominds Software Inc.
  • Tempered Networks Inc.
  • CyberArk Software Ltd.
  • Senstar Corporation
  • Wurldtech Security Technologies lnc.
  • Securicon LLC
  • SecuriThings Ltd.
  • Applied Risk B.V.
  • Tenable Inc.
  • OSIsoft LLC
  • Radware Ltd.

Methodology

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