Information Technology (IT) and operational-technology (OT) Converge Market to Signify Strong Growth by 2023-2029

The global IT and OT converge market is anticipated to grow at a CAGR of 9.8% during the forecast period (2023-2030). One of the driving forces behind IT and OT convergence is cyber security of operational systems including SCADA, MES, controllers, among others. OT has typically been managed as individual devices, which has made it very difficult for IT to maintain its cyber security mandate. In addition, the growing digital transformation, rising industrial internet of things (IIoT) fueled the market growth over the forecast period. As organizations undergo digital transformation initiatives, they are increasingly interconnecting traditionally isolated OT systems with IT networks. This connectivity creates new attack surfaces that require robust cybersecurity measures. Therefore, the major companies are creating an IT/OT security operations center service to identify malware intrusion, unauthorized access, and cyberattacks. 

For instance, in August 2022, Yokogawa Electric Corp., released the OpreXTM IT/OT security operations center (IT/OT SOC) service. This service was developed to improve the security of IT and OT networks by detecting, analyzing, and enabling a quick and effective response to cybersecurity incidents. I0T/OT SOC is a security monitoring service that uses next-generation security information and event management (SIEM) which is fast, scalable, and unified. The service benefited various CTI and ML tools to collect event logs from customers' IT/OT devices to detect cyber-attacks, unauthorized accesses, and infiltration by malware. It provided a wide range of analysis, consulting, and managed services with next-generation SOC architecture. 

Further, the IT and OT convergence is driven by the rising adoption of IIoT devices and sensors in industrial and critical infrastructure sectors has grown. These devices often bridge the gap between OT and IT systems, necessitating cybersecurity solutions that protect both realms. Owing to this, the key players are entering into strategic partnership to embrace the benefits of the industrial internet of things (IIoT) by reducing cyber risks. For instance, in July 2023, DirectDefense, Inc., a provider of information security services company, partnered with SCADAfence, the global technology provider in OT and IoT cybersecurity. The SCADAfence Platform enabled critical infrastructure and manufacturing organizations with complex OT networks to embrace the benefits of the IIoT by reducing cyber risks and mitigating operational threats. 

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- 

By Component 
By Networking Technology
By Industry Vertical
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Intel Corp., KPMG International Ltd., HCL Technologies Ltd., and among others. 
IT and OT Converge Market Report Segment

By Component 

Control Systems

Distributed Control System and SCADA
Warehouse Management System
Plant Asset Management and Functional Safety
Human Machine Interface
Field Devices

Industrial Sensors
Industrial Valves
Transmitters
Actuators
By Networking Technology

Wired
Wireless
By Industry 

Automotive, Aerospace, and Defense
Pharmaceuticals and Medical Devices
Machine Manufacturing
Semiconductor and Electronics
Utility and Energy
Chemical, Oil, and Gas
Metals and Mining
Food and Beverages
Others (Pulp and Paper)
A full Report of Information Technology (IT) and operational-technology (OT) Converge Market is Available @  https://www.omrglobal.com/industry-reports/it-and-ot-converge-market

IT and OT Converge Market Report Segment by Region

North America                                                                                                           

·        United States
·        Canada
Europe

·        UK
·        Germany
·        Spain
·        France
·        Italy
·        Rest of Europe
Asia-Pacific

·                  India
·                  China
·                  Japan
·                  South Korea
·                  Rest of APAC
Rest of the World

Latin America
Middle East and Africa 
Company Profiles

3Pillar Global Inc. 
Allied Telesis Inc.
Armis Inc.
Birlasoft
Converge Technology Solutions Corp.
KPMG International Ltd.
MachineMetrics, Inc.
PTC Inc.
Semtech Corp.
Siemens AG
Singtel Group Corp
TeamViewer US, Inc. 
Tulip Interfaces, Inc.
Verizon Communications Inc.
Wipro Ltd.
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