Operational Technology Security Market Reaching USD 58.45 Billion Worth by 2030 at a CAGR of 14.93%

This comprehensive Global Operational Technology Security Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

According to recent market analysis report, the Global Operational Technology Security Market which was 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.

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Driving Force Behind the Growth of the Operational Technology Security Market through 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.

Market Segment Highlights:

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. This was primarily because of the rapid adoption of asset management solutions across industries like oil & gas, power generation, petrochemicals, etc. As asset management allows organizations to effectively integrate and manage their tools and equipment, their adoption has grown in the past few years. Also, asset management solutions offer predictive maintenance solutions for industrial equipment and actively notify every minor defect, owing to which their usage has been accelerated.

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

Operational Technology Security Market Regional Outlook:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

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Operational Technology Security Market Competition Analysis:

Some of the top Operational Technology Security companies operating in the market 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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