Operational Technology Market, Global Outlook and Forecast 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.
This report aims to provide a comprehensive presentation of the global market for Operational Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Operational Technology. This report contains market size and forecasts of Operational Technology in global, including the following market information:
Global Operational Technology Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Operational Technology market was valued at US$ 37270 million in 2022 and is projected to reach US$ 50510 million by 2029, at a CAGR of 4.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Operational Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Operational Technology Market, by Component, 2018-2023, 2024-2029 ($ millions)
Global Operational Technology Market Segment Percentages, by Component, 2022 (%)
Field Devices
Control System
Services
Global Operational Technology Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Operational Technology Market Segment Percentages, by Application, 2022 (%)
Food & Beverage
Chemical
Oil & Gas
Automotive
Aerospace & Defense
Medical
Others
Global Operational Technology Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Operational Technology Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Operational Technology revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Operational Technology revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Operational Technology, market overview.
Chapter 2: Global Operational Technology market size in revenue.
Chapter 3: Detailed analysis of Operational Technology company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by component, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Operational Technology in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
