The global operational technology security market was valued at US$ 14,803.2 Mn in 2020 and is expected to reach US$ 26,518.7 Mn by 2028 at a CAGR of 7.7% between 2021 and 2028.

The Operational Technology Security Market report offers insightful and detailed information regarding the various key players operating in the market, their financial, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. It also provides up-to-date, complete product knowledge, end-users, industry growth will drive profitability and revenue. Operational Technology Security Market report studies the current state of the market to analyze the future opportunities and risks.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒$ 𝟏𝟒,𝟖𝟎𝟑.𝟐 𝐌𝐧 𝐢𝐧 𝟐𝟎𝟐𝟎 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒$ 𝟐𝟔,𝟓𝟏𝟖.𝟕 𝐌𝐧 𝐛𝐲 𝟐𝟎𝟐𝟖 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟕.𝟕% 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝟐𝟎𝟐𝟏 𝐚𝐧𝐝 𝟐𝟎𝟐𝟖.

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The major factor restraining growth of the global operational technology security market is lack of awareness and high cost of operational technology security. Although the demand for operational technology security solution is rapidly increasing, the factors such as lack of awareness among the consumers, high implementation cost may hamper the growth during the forecast period. In the past, IT and OT were monitored and controlled by different individual departments however, currently, the technological gap between the two is reducing drastically. Many companies fail to acknowledge this major shift in the OT. According to IBM, a U.S.- based technology company, 74% of organization do not have OT risk assessment, 78% companies do not have OT specific security policies, and 81% businesses do not have OT specific response plan.

Key Companies:
➼ Belden Inc.
➼ Cisco Systems Inc.
➼ Claroty Ltd.
➼ CyberX
➼ Cyberbit
➼ Darktrace
➼ Deloitte Touche Tohmatsu Limited
➼ Bayshore Networks
➼ Hitachi Systems Security Inc.
➼ Fortinet Inc.
➼ OTORIO Ltd.
➼ IBM Corporation
➼ Dragos Inc.
➼ Indegy
➼ IOActive Inc.
➼ Kaspersky Lab
➼ Leidos
➼ Thales Group
➼ TÜV SÜD
➼ Wurldtech Security Technologies Inc.
➼ Honeywell International Inc. (NextNine Ltd.)
➼ Nozomi Networks Inc.
➼ NCC Group

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗥𝗲𝗽𝗼𝗿𝘁:
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Operational Technology (OT) is hardware and software that detects or causes a change through the direct monitoring and/or control of physical devices, processes, and events in the enterprise, according to Gartner. As industrial systems become more connected, they also become more exposed to vulnerabilities. The high cost of industrial equipment and the devastation to communities and economies that an attack could generate are key factors for organizations looking to protect their industrial networks. Add legacy equipment, safety regulations that may prohibit any modifications being made to equipment, and compliance regulations that require sensitive data to be made available to third parties, and you have quite a challenge on your hands.

As industrial systems become more connected, they also become more exposed to vulnerabilities. The high cost of industrial equipment and the devastation to communities and economies that an attack could generate are key factors for organizations looking to protect their industrial networks. Add legacy equipment, safety regulations that may prohibit any modifications being made to equipment, and compliance regulations that require sensitive data to be made available to third parties, and you have quite a challenge on your hands.

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𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝗳𝗼𝗿 𝗯𝘂𝘆𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁:

» A complete backdrop analysis, which includes an assessment of the parent market.

» Historical, current, and projected size of the market from the standpoint of both value and volume.

» Recommendations to companies for strengthening their foothold in the market.

» The report reviews the key data points and qualitative indicators to increase understanding and awareness of the global Operational Technology Security market.

» For making informed decisions in businesses, it offers analytical data with strategic planning methodologies.

» It offers massive data about trending factors that will influence the progress of the Operational Technology Security Market.

» Reporting and evaluation of recent industry developments

» The research report has collected data, particularly on consumption, production, and trade to study the value chain.

» An objective assessment of the trajectory of the market

» It offers an analysis of changing competitive scenarios.

» Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.

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