Operational Technology Security Market worth $69.03 billion by 2030, growing at a CAGR of 18.15% - Exclusive Report by 360iResearch

The "Operational Technology Security Market by Component (Services, Solutions), Deployment Mode (Cloud, Hybrid, On-Premise), Organization Size, Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Operational Technology Security Market to grow from USD 21.47 billion in 2023 to USD 69.03 billion by 2030, at a CAGR of 18.15%.

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Operational technology (OT) security is the measures and controls in place to protect OT systems that use software to automate industrial processes against cybersecurity threats. OT security has evolved into a critical infrastructure management requirement as information technology converges, and OT drives greater automation and efficiency in industrial systems. Operational technology security is designed to meet the unique security needs of OT environments, which include protecting system availability, understanding OT-specific protocols, and blocking attacks targeting the legacy systems commonly used in OT environments. Operational technology security strategies are often detection-focused due to the prospect of false positive errors in threat prevention tools. Moreover, the increasing usage of digital technologies in the industrial sector and the rising involvement of governments in improving cybersecurity further improve the need for efficient and effective OT networks. However, substantial procurement costs, maintenance & upgradation issues, and lack of an experienced workforce for OT security solutions significantly impede the adoption of OT security solutions. In addition, the emerging need for competent and regulated security services and R&D activities to construct comprehensive OT security solutions is expected to create tremendous opportunities for growth in the operational technology security market.

Several organizations in the American region are seeking innovative solutions to help protect their critical assets and networks with the increasing adoption of emerging technologies, including artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML). One key trend in the American OT security market is the shift towards a more holistic approach to cybersecurity. Instead of using disparate security solutions for different parts of their networks, organizations seek comprehensive solutions that can provide end-to-end protection. Moreover, the regulatory framework has encouraged organizations to adopt standards for governing their cybersecurity practices. The Asia-Pacific operational technology security market is experiencing significant growth, driven primarily by increasing awareness of the need for secure infrastructure as more organizations become reliant on digital systems. The increasing sophistication of cyber attacks, along with the growth of the IoT and connected devices, is driving the growth of operational technology security in Europe. With rising threats from external actors, organizations seek solutions to protect their systems and data assets. Additionally, implementing laws and regulations such as GDPR and EU Network and Information Security (NIS) encourage greater investment in OT security measures.

Market Segmentation & Coverage:

This research report categorizes the Operational Technology Security Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solutions. The Services is further studied across Monitoring & Detection and Training & Consultancy. The Solutions is further studied across Integrated Solution and Standalone Solution. The Services is projected to witness significant market share during forecast period.

Based on Deployment Mode, market is studied across Cloud, Hybrid, and On-Premise. The Cloud is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and Small and Medium Enterprises (SMEs). The Small and Medium Enterprises (SMEs) is projected to witness significant market share during forecast period.

Based on Industry, market is studied across BFSI, Food & Beverage, Manufacturing, Metal & Mining, Oil & Gas, Power & Energy, Pulp & Paper, and Transportation. The Food & Beverage is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Operational Technology Security Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Operational Technology Security Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Operational Technology Security Market, highlighting leading vendors and their innovative profiles. These include AO Kaspersky Lab, Armis Security Ltd., Belden Inc., BeyondTrust Corporation, BlackBerry Limited, Broadcom Inc., Check Point Software Technologies Ltd, Cisco Systems, Inc., Claroty Ltd., CyberArk Software Ltd., Cyberbit Ltd., Cydome Ltd., Darktrace Holdings Limited, Dragos, Inc., FireMon, LLC, Forcepoint LLC, Forescout Technologies, Inc., Fortinet, Inc., Hitachi, Ltd., Honeywell International Inc., International Business Machines Corporation, Johnson Controls International PLC, Microsoft Corporation, Mission Secure Inc., NCC Group PLC, Nozomi Networks Inc., OPSWAT Inc., Optiv Security Inc., Ordr, Inc., Palo Alto Networks, Inc., Qualys, Inc., Radiflow, Rapid7, Inc., SCADAfence Ltd., SentinelOne, Inc., Siemens AG, SIGA OT Solutions, SSH Communications Security, Inc., Tenable, Inc., Thales Group, Trellix, Tripwire by Fortra LLC, Trustwave Holdings, Inc. by Singapore Telecommunications Ltd., TÜV SÜD AG, Waterfall Security Solutions Ltd., and Zscaler, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Operational Technology Security Market, by Component
7. Operational Technology Security Market, by Deployment Mode
8. Operational Technology Security Market, by Organization Size
9. Operational Technology Security Market, by Industry
10. Americas Operational Technology Security Market
11. Asia-Pacific Operational Technology Security Market
12. Europe, Middle East & Africa Operational Technology Security Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Operational Technology Security Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Operational Technology Security Market?
3. What is the competitive strategic window for opportunities in the Operational Technology Security Market?
4. What are the technology trends and regulatory frameworks in the Operational Technology Security Market?
5. What is the market share of the leading vendors in the Operational Technology Security Market?
6. What modes and strategic moves are considered suitable for entering the Operational Technology Security Market?

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