Global Operational Technology Market to Reach $257.3 Billion by 2030
The global market for Operational Technology estimated at US$181.7 Billion in the year 2023, is expected to reach US$257.3 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030. Control System, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$134.2 Billion by the end of the analysis period. Growth in the Field Devices segment is estimated at 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $55 Billion, While China is Forecast to Grow at 4.7% CAGR
The Operational Technology market in the U.S. is estimated at US$55 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$44.8 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
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