Global Operational Technology (OT) Security Market 2024-2028

Operational Technology (OT) Security Market 2024-2028

The operational technology (OT) security market is forecasted to grow by USD 28503.6 mn during 2023-2028, accelerating at a CAGR of 20.37% during the forecast period. The report on the operational technology (OT) security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising need to improve business efficiency, need for protection against phishing attacks and hacking, and increasing use of digital technologies in industrial systems.

Technavio's operational technology (OT) security market is segmented as below:

• By Application
• Power generation and electrical
• Manufacturing
• Transportation and logistics
• Mining
• Others
• By End-user
• SMEs
• Large enterprises
• By Geographical Landscape
• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the growing dependence on internet as one of the prime reasons driving the operational technology (OT) security market growth during the next few years. Also, increasing investments by governments in implementing operational technology security in critical infrastructure and convergence of it infrastructure and operational technology systems will lead to sizable demand in the market.

The report on the operational technology (OT) security market covers the following areas:

• Operational technology (OT) security market sizing
• Operational technology (OT) security market forecast
• Operational technology (OT) security market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading operational technology (OT) security market vendors that include Alphabet Inc., AO Kaspersky LAB, BeyondTrust Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., CyberArk Software Ltd., Darktrace Holdings Ltd., Forcepoint LLC, FORESCOUT, Fortinet Inc., Fortra LLC, Microsoft Corp., Nozomi Networks Inc., Okta Inc., Palo Alto Networks Inc., Radiflow, Sophos Ltd., Tenable Holdings Inc., and Zscaler Inc.. Also, the operational technology (OT) security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.