Operational Technology (OT) Security Market By Component (Solution, Services), By Deployment Mode (On-Premise, Cloud), By Organization Size (Large Enterprises, Small and Medium Enterprises (SMEs)), By End-User (BFSI, Manufacturing, Energy and Power , Oil and Gas, Transportation and Logistics, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Operational Technology (OT) security refers to the protection of industrial control systems (ICS) and other operational technology used in critical infrastructure such as power plants, transportation systems, and manufacturing facilities. The purpose of OT security is to prevent unauthorized access, tampering, or disruption of these systems, which could lead to physical damage, financial loss, or even loss of life.
Rising adoption of cloud-based OT security solutions and the surge in the integration of government initiatives in security standards are driving the growth of the market. In addition, the growing demand for cyber threat modeling solutions is fueling the growth of the OT security market. However, the dearth of trained security staff to analyze OT security systems and the high installation cost of OT security solutions limit the market growth. Conversely, the rise in IIoT connectivity between industrial operations and the internet and increased work-from-home activities widen the penetration of broadband is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
The global OT security market is segmented into components, deployment mode, organization size, industry vertical, and region. Depending on the component, the market is divided into solutions and services. By deployment mode, the market is bifurcated into on-premise and cloud. By organization size, it is divided into large enterprises and small and medium-sized enterprises. As per end user, it is segmented into BFSI, manufacturing, energy & power, oil & gas, transportation & logistics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global OT security market is dominated by key players such as Broadcom, Cisco, Darktrace, Forcepoint, Forescout, Fortinet, Kaspersky, Microsoft Corporation, Palo Alto Networks, and Thales Group. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERSThe study provides an in-depth analysis of the global OT security market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global OT security market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
Consumer Buying Behavior Analysis
Product Benchmarking / Product specification and applications
Product Life Cycles
Consumer Preference and Product Specifications
New Product Development/ Product Matrix of Key Players
Patient/epidemiology data at country, region, global level
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Criss-cross segment analysis- market size and forecast
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market SegmentsBy ComponentSolution
Services
By Deployment ModeOn-Premise
Cloud
By Organization SizeLarge Enterprises
Small and Medium Enterprises (SMEs)
By End-UserBFSI
Manufacturing
Energy and Power
Oil and Gas
Transportation and Logistics
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersThales Group
Cisco System, Inc.
Kaspersky Lab
Fortinet, Inc.
Forescout
Broadcom Inc
Forcepoint
Darktrace Holdings Limited
Microsoft Corporation
Palo Alto Networks Inc
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