MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Global Operational Technology (OT) Security Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Global Operational Technology (OT) Security Market: 2024-2030
The Global Operational Technology (OT) Security Market size is valued at USD 19.84 billion in 2023 and is projected to reach USD 58.45 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.93% during the forecast period, i.e., 2024-30.
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Global Operational Technology (OT) Security Market Driver:
Rising Cybersecurity Threats Amplifying the Demand for OT Security Solutions – Over the past few years, several industries have transitioned towards digital platforms and started providing online services. As per the statistics by the GoDaddy Data Observatory, in 2023, more than 55% of the smaller businesses and around 71% of the larger enterprises have started using online platforms to provide services to consumers. These companies store the information related to the finances & the customers in their cloud servers. However, with the evolution of technology, the number of cyberattack incidents has also increased. Based on the statistics by IBM, a tech-based company, data breaches across the globe rose by 72% during 2021-2023, compromising the critical information of the organizations as well as customers. Therefore, to ensure the safety of the data, enterprises are increasingly adopting these security solutions, amplifying the market growth.
Also, the official governing bodies across the globe are recognizing the importance of data security & privacy. Therefore, the authorities are laying regulations that are mandating organizations to integrate security solutions within their digital ecosystems. Thus, compliance with these safety standards will continue to boost the requirement for OT security solutions in the coming years.
Global Operational Technology (OT) Security Market Segmentation:
The Global Operational Technology (OT) Security Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Offering
-Solutions - Market Size & Forecast 2019-2030, USD Million
-Security Information & Event Management (SIEM)- Market Size & Forecast 2019-2030, USD Million
-Asset Management - Market Size & Forecast 2019-2030, USD Million
-Network Segmentation & Isolation - Market Size & Forecast 2019-2030, USD Million
-Access Control & Identity Management- Market Size & Forecast 2019-2030, USD Million
-Vulnerability Management- Market Size & Forecast 2019-2030, USD Million
-Incident Response & Management- Market Size & Forecast 2019-2030, USD Million
-Data Protection & Encryption- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
Services - Market Size & Forecast 2019-2030, USD Million
-Managed Security Services- Market Size & Forecast 2019-2030, USD Million
-Consulting & Advisory Services- Market Size & Forecast 2019-2030, USD Million
-Training & Education- Market Size & Forecast 2019-2030, USD Million
-Consulting Services- Market Size & Forecast 2019-2030, USD Million
-Integration Services- Market Size & Forecast 2019-2030, USD Million
-Support & Maintenance- Market Size & Forecast 2019-2030, USD Million
By Deployment
-Cloud - Market Size & Forecast 2019-2030, USD Million
-On-Premise- Market Size & Forecast 2019-2030, USD Million
By Enterprise Size
-Large Enterprises - Market Size & Forecast 2019-2030, USD Million
-Small & Medium Enterprises- Market Size & Forecast 2019-2030, USD Million
By End Users
-Energy & Utilities - Market Size & Forecast 2019-2030, USD Million
-Oil & Gas - Market Size & Forecast 2019-2030, USD Million
-Manufacturing- Market Size & Forecast 2019-2030, USD Million
-Transportation and Logistics - Market Size & Forecast 2019-2030, USD Million
-Mining- Market Size & Forecast 2019-2030, USD Million
-Healthcare - Market Size & Forecast 2019-2030, USD Million
-Others (Building & Construction, Military, etc.)- Market Size & Forecast 2019-2030, USD Million.
Geographical Analysis into the Global Operational Technology (OT) Security Market:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- Rest of the World
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/operational-technology-security-market.html
Competitive Landscape and Global Operational Technology (OT) Security Market Share Analysis:
The competitive landscape of the Global Operational Technology (OT) Security Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Fortinet, Inc., AO Kaspersky Lab, Cisco Systems, Inc., Forcepoint, Thales, Palo Alto Networks, Broadcom, Rockwell Automation, Forescout, Honeywell International Inc., Darktrace Holdings Limited, Microsoft, Nozomi Networks, International Business Machines Corp., Qualys, Inc.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Global Operational Technology (OT) Security Market growth?
- How is the Global Operational Technology (OT) Security Market expected to grow over the next five years?
- What are the key insights into the current trends in the Global Operational Technology (OT) Security Market?
- What is the current size of the Global Operational Technology (OT) Security Market, and how is it projected to change in the future?
- What is the future outlook for the Global Operational Technology (OT) Security Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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