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

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

Operational Technology Security Trends and Forecast

The future of the global operational technology security market looks promising with opportunities in the transportation & logistic, manufacturing, energy & power (generation), and oil & gas (distribution) markets. The global operational technology security market is expected to reach an estimated $51.3 billion by 2030 with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are escalating demand of industry 4.0 and smart infrastructure and stringent governmental regulations concerning the adoption of operational technology (OT) systems.

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

Operational Technology Security by Segment

The study includes a forecast for the global operational technology security by offering, deployment mode, organization size, end use, and region.

Operational Technology Security Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Solutions
• Services

Operational Technology Security Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:

• Cloud
• On-Premises

Operational Technology Security Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:

• SMEs
• Large Enterprises

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

• Transportation & Logistics
• Manufacturing
• Energy & Power (Generation)
• Oil & Gas (Distribution)
• Others

Operational Technology Security 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 Security 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 security companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the operational technology security companies profiled in this report include-

• Broadcom
• Cisco
• Fortinet
• Forcepoint
• Forescout

Operational Technology Security Market Insights

Lucintel forecasts that solution will remain the larger segment over the forecast period.

Within this market, energy and power is expected to witness the highest growth due to increasing frequency of attacks.

North America will remain the largest region over the forecast period due to increasing government investments in OT security and presence of major players in the region.

Features of the Global Operational Technology Security Market

Market Size Estimates: Operational technology security 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 security market size by various segments, such as by offering, deployment mode, organization size, end use, and region in terms of value ($B).

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

Growth Opportunities: Analysis of growth opportunities in different offerings, deployment modes, organization sizes, end uses, and regions for the operational technology security market.

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

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

FAQ

Q1. What is the operational technology security market size?

Answer: The global operational technology security market is expected to reach an estimated $51.3 billion by 2030.

Q2. What is the growth forecast for operational technology security market?

Answer: The global operational technology security market is expected to grow with a CAGR of 16.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the operational technology security market?

Answer: The major drivers for this market are escalating demand of industry 4.0 and smart infrastructure and stringent governmental regulations concerning the adoption of operational technology (OT) systems.

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

Answer: The future of the operational technology security market looks promising with opportunities in the transportation & logistic, manufacturing, energy & power (generation), and oil & gas (distribution) markets.

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

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

• Broadcom
• Cisco
• Fortinet
• Forcepoint
• Forescout

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

Answer: Lucintel forecasts that solution will remain the larger segment over the forecast period.

Q7. In operational technology security 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 increasing government investments in OT security and presence of major players in the 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 security market by offering (solutions and services), deployment mode (cloud and on-premises), organization size (SMEs and large enterprises), end use (transportation & logistics, manufacturing, energy & power (generation), oil & gas (distribution), 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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