The global Operation Technology Security market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Operation Technology Security industry is witnessing an expansion and change of dynamics owing to the entry of several new players. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The size of the global Operation Technology security market was USD 14.25 billion in 2021, and it is anticipated to grow in value at a CAGR of 15.0% over the following five years. Market revenue growth is being driven by an increasing adoption of operation technology security services and solutions for reducing cybersecurity threats of internet-connected devices and systems. Monitoring and managing Critical Infrastructure (CI) of various industrial Internet of Things (IoT) connected automated devices is done using operational technology (OT) security solutions and software. The Federal Bureau of Investigation (FBI) estimates that 847,376 cyberattack instances with a loss of USD 18.7 billion were reported in 2021.
In view of the current COVID-19 pandemic, the growth of the Operation Technology Security industry is expected to be significantly affected, especially due to movement restrictions and lockdowns affecting supply and demand. There has been a significant impact of the COVID-19 pandemic on several sectors of the global market. The Operation Technology Security sector is expected to be affected too. The economic slowdown and dynamic changes in the demands will also adversely affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Operation Technology Security industry.
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Competitive Terrain:
The global Operation Technology Security industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Honeywell International Inc., SCADAfence Ltd., AO Kaspersky Lab, Darktrace Holdings Limited, Dragos, Inc., SIGA, Forcepoint LLC, Zscaler, Inc., OTORIO Ltd., SSH Communications Security Inc., Nomios USA Inc., CyberArk Software Ltd. and among others
Radical Highlights of the Operation Technology Security Market Report:
- Comprehensive overview of the Operation Technology Security market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Operation Technology Security market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Market Segmentations of the Operation Technology Security Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Operation Technology Security market on the basis of product, application, and region:
Segments Covered in this report are:
-
Component Outlook (Revenue, USD Billion; 2019-2030)
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Deployment Mode Outlook (Revenue, USD Billion; 2019-2030)
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End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Manufacturing
- Logistic and supply chain
- Petrochemicals
- Mining
- Steel and metallurgy
- Others
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Regional Outlook of the Operation Technology Security Market
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Contents
- Executive Summary
- Research Methodology
- Market Overview
- Regional Landscape
- Global Market Analysis and Forecast by Types
- Global Market Analysis and Forecast by Applications
- Global Market Analysis and Forecast by Regions
- North America Market Analysis and Forecast
- Europe Market Analysis and Forecast
- Asia Pacific Market Analysis and Forecast
- Latin America Market Analysis and Forecast
- Middle East & Africa Market Analysis and Forecast
- Competitive Landscape
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