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Global Operational Technology (OT) Security Market 2023 - Business Trends, Industry Growth, Regional Analysis And Forecast To 2032
Operational Technology (OT) Security Market
The Business Research Company's Operational Technology (OT) Security Global Market Report 2023 identifies increased use of digital technologies in industrial systems as the major driver for the Operational Technology (OT) Security market's growth in the forecast period. Digital technologies in industrial systems refer to an increase in automation, preventative maintenance, self-optimization of process improvements, and, most importantly, a new level of efficiency and customer responsiveness. Operational technology security is viewed as a key function in operational and enterprise environments because it offers a strong foundation for addressing digital technology challenges, promoting adopting new technologies in operational environments, and demonstrating safety and security.
The global operational technology (OT) security market size is expected to grow from $16.70 billion in 2022 to $18.47 billion in 2023 at a compound annual growth rate (CAGR) of 10.63%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The operational technology (OT) security market size is expected to reach $27.95 billion in 2027 at a CAGR of 10.09%.
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Major competitors in the Operational Technology (OT) Security market are Honeywell International Inc., Fortinet, Broadcom Inc., Palo Alto Networks, Cisco Systems Inc., Kaspersky Lab, Darktrace, Forescout Technologies Inc.
A key trend in the Operational Technology (OT) Security market includes technological advancement. Major players in the operational technology (OT) security sector are focused on technological advancement to sustain their market position. For instance, in October 2021, Nozomi Networks, a US-based computer and network security company that delivers OT/IoT Security Intelligence, enabled them to coordinate remediation actions for threats that have been detected and respond to high-priority vulnerabilities.
Read More On The Global Operational Technology (OT) Security Market Report Here:
https://www.thebusinessresearchcompany.com/report/operational-technology-ot-security-global-market-report
The Operational Technology (OT) Security market is segmented -
• By Offering: Solutions, Services
• By Deployment Mode: Cloud, On-Premise
• By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
• By Industry: Power And Electrical, Mining, Transportation, Manufacturing, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Operational Technology (OT) Security market.
The Business Research Company's "Global Operational Technology (OT) Security Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Operational Technology (OT) Security Market Include:
1. Executive Summary
2. Operational Technology (OT) Security Market Characteristics
3. Operational Technology (OT) Security Market Trends And Strategies
4. Operational Technology (OT) Security Market - Macro Economic Scenario
5. Operational Technology (OT) Security Market Size And Growth
..........................
26. Africa Operational Technology (OT) Security Market
27. Operational Technology (OT) Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Operational Technology (OT) Security Market
29. Operational Technology (OT) Security Market Future Outlook and Potential Analysis
30. Appendix
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