Global Operational Technology Market Growth (Status and Outlook) 2023-2029

Global Operational Technology Market Growth (Status and Outlook) 2023-2029

Operational Technology is the use of computers to monitor or alter the physical state of a system, such as the control system for a power station or the control network for a rail system.

LPI (LP Information)' newest research report, the “Operational Technology Industry Forecast” looks at past sales and reviews total world Operational Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Operational Technology sales for 2023 through 2029. With Operational Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Operational Technology industry.

This Insight Report provides a comprehensive analysis of the global Operational Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Operational Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Operational Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Operational Technology and breaks down the forecast by component, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Operational Technology.

The global Operational Technology market size is projected to grow from US$ 35430 million in 2022 to US$ 49240 million in 2029; it is expected to grow at a CAGR of 4.8% from 2023 to 2029.

Usually environments containing Industrial Control Systems (ICS), such as: supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), Remote Terminal Unit (RTU) and programmable logic controllers (PLC) as well as dedicated networks and organization units. Embedded Systems are also included in the sphere of operational technology (e.g. SMART instrumentation), along with a large subset of scientific data acquisition, control & computing devices. An OT device could be as small as the ecu of a car or as large as the distributed control network for a national electricity grid.

This report presents a comprehensive overview, market shares, and growth opportunities of Operational Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by component
Field Devices
Control System
Services

Segmentation by application
Food & Beverage
Chemical
Oil & Gas
Automotive
Aerospace & Defense
Medical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Honeywell
General Electric
Schneider Electric
Rockwell Automation
Yokogawa Electric
Emerson Electric
Advantech
Fanuc
Nextnine
Scadafence
Wood Group Mustang
Wunderlich-Malec Engineering
Tesco Controls
SAP
IBM
Cisco Systems
Oracle
Huawei Technologies
Hewlett-Packard Enterprise
NEC Corporation
Cognizant
Accenture
Wipro

Please note: The report will take approximately 2 business days to prepare and deliver.