Operational Technology (OT) Security Market Expected to Reach USD 71.22 Billion in Value by 2032, CAGR Projected at 17.1%

𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐎𝐓) 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

According to Polaris Market Research's study, the operational technology (OT) security market is expected to grow at a CAGR of 17.1% over the estimated period. The industry value is expected to grow from USD 17.25 billion in 2023 to USD 71.22 billion in 2032.

The industry's growth is being fuelled by more industrial regulatory systems being linked to the Internet and alternate networks. This has escalated the probability of cyber assaults and other security menaces that could derange crucial frameworks and generate universal damage.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/operational-technology-ot-security-market/request-for-sample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Dissimilar to IT, the objectives of OT security concentrate on safety and dependability instead of prudence and nearness. Productive OT security includes utilizing OT cybersecurity software to observe, scrutinize, and regulate industrial structures and machinery either on-site or distantly. Such software permits condensed entrance to all laboring hardware, offering OT teams an aerial perspective of the whole operational framework from bottom line to bottom line. This renders it notably simpler to inscribe and sort out irregularities as soon as they are located and prior to them inflicting notable distress.

𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐏𝐫𝐨𝐟𝐢𝐥𝐞

The market players concentrate on alliances, commodity improvisation, and association to acquire a bettering over their fellows and seize a notable market share. Major companies in the operational technology (OT) security market are noted below:

• Checkpoint
• Cisco
• Fortinet
• Honeywell
• McAfee
• Palo Alto Networks
• Qualys
• Siemens
• Yokogawa Electric
• Zscaler

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3895/2

𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐎𝐓) 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The solutions segment has dominated the market, largely attributable to its ability to tackle the distinct challenges that come with OT environments.
• The services segment is projected to grow at a CAGR, mainly driven by aim to improve uptime, safety, and resilience by assisting in the identification of OT risks.
• The on-premises segment dominated the market as these offer complete authority and adaptability in managing security policies.
• The energy and power segment dominated the market and is anticipated to grow at the fastest CAGR owing to wide range of technologies.
• The North America region dominated the market owing to the rapidly increasing deployment of operational technology by numerous multinational corporations.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

• Integrated Security Solutions: There's a growing opportunity for vendors to offer integrated OT security solutions that combine multiple security capabilities such as asset inventory management, vulnerability assessment, threat detection, and incident response to provide comprehensive protection for industrial environments.

• Managed Security Services: The complexity of OT security and the shortage of skilled personnel create opportunities for managed security service providers (MSSPs) to offer outsourced monitoring, threat hunting, and incident response services to help organizations strengthen their security posture and improve operational resilience.

• IoT Security for OT: With the proliferation of IoT devices in industrial settings, there's a need for specialized IoT security solutions that can protect connected devices, sensors, and actuators from cyber threats and ensure the integrity and availability of critical infrastructure.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/operational-technology-ot-security-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

The research shows that the operational technology (OT) security market analysis is primarily segmented by offering, deployment mode, organization size, application, and region. According to the offering analysis, the solutions segment held the largest market share. This is extensively credited to its potential to approach the clear-cut provocations that emerge with the OT ambiance involving SIEM and asset discovery and management.
Furthermore, according to deployment mode, the on-premises segment dominated the market owing to its recognition within a firm's framework as providing entire jurisdiction and resilience in handling security strategies and layouts.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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Picture Archiving and Communication Systems Market: https://www.polarismarketresearch.com/industry-analysis/picture-archiving-and-communication-systems-pacs-market

Cryptocurrency Market: https://www.polarismarketresearch.com/industry-analysis/cryptocurrency-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.