Operational Technology Cybersecurity Market Report: Trends, Forecast and Competitive Analysis to 2030

Operational Technology Cybersecurity Market Report: Trends, Forecast and Competitive Analysis to 2030

Operational Technology Cybersecurity Trends and Forecast

The future of the global operational technology cybersecurity market looks promising with opportunities in the mining, transportation, manufacturing, and power and electrical markets. The global operational technology cybersecurity market is expected to grow with a CAGR of 16.0% from 2024 to 2030. The major drivers for this market are increasing digitization of industrial processes and systems, growing sophistication and frequency of cyberattacks on OT systems, and rising awareness of the need to protect ot systems from cyber threats.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Operational Technology Cybersecurity by Segment

The study includes a forecast for the global operational technology cybersecurity by deployment type, end use, and region.

Operational Technology Cybersecurity Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:

• Cloud
• Premise

Operational Technology Cybersecurity Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Mining
• Transportation
• Manufacturing
• Power And Electrical
• Others

Operational Technology Cybersecurity Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Operational Technology Cybersecurity Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies operational technology cybersecurity companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the operational technology cybersecurity companies profiled in this report include-

• Broadcom
• Cisco
• Fortinet
• Forcepoint
• Forescout
• Trellix
• Zscaler
• Darktrace
• Cyberark
• Beyondtrust

Operational Technology Cybersecurity Market Insights

Lucintel forecasts that on-premise will remain the larger segment over the forecast period due to an increase in the money that businesses are spending to implement these cutting-edge systems and solutions, as well as, growing number of cyberattacks and data breaches is forcing businesses to put solutions in place on their property.

North America will remain the largest region over the forecast period due to government programs pertaining to R&D and OT security spending have resulted in improvements, as well as, technological & digital transformations in this region.

Features of the Global Operational Technology Cybersecurity Market

Market Size Estimates: Operational technology cybersecurity market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Operational technology cybersecurity market size by type, end use, and region in terms of value ($B).

Regional Analysis: Operational technology cybersecurity market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the operational technology cybersecurity market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the operational technology cybersecurity market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the operational technology cybersecurity market size?

Answer: The global operational technology cybersecurity market is expected to reach an estimated $xx billion by 2030.

Q.2 What is the growth forecast for operational technology cybersecurity market?

Answer: The global operational technology cybersecurity market is expected to grow with a CAGR of 16.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the operational technology cybersecurity market?

Answer: The major drivers for this market are increasing digitization of industrial processes and systems, growing sophistication and frequency of cyberattacks on OT systems, and rising awareness of the need to protect ot systems from cyber threats.

Q4. What are the major segments for operational technology cybersecurity market?

Answer: The future of the global operational technology cybersecurity market looks promising with opportunities in the mining, transportation, manufacturing, and power and electrical markets.

Q5. Who are the key operational technology cybersecurity market companies?

Answer: Some of the key operational technology cybersecurity companies are as follows:

• Broadcom
• Cisco
• Fortinet
• Forcepoint
• Forescout
• Trellix
• Zscaler
• Darktrace
• Cyberark
• Beyondtrust

Q6. Which operational technology cybersecurity market segment will be the largest in future?

Answer: Lucintel forecasts that on-premise will remain the larger segment over the forecast period due to an increase in the money that businesses are spending to implement these cutting-edge systems and solutions, as well as, growing number of cyberattacks and data breaches is forcing businesses to put solutions in place on their property.

Q7. In operational technology cybersecurity market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to government programs pertaining to R&D and OT security spending have resulted in improvements, as well as, technological & digital transformations in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the operational technology cybersecurity market by deployment type (cloud and premise), end use (mining, transportation, manufacturing, power and electrical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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