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Operational Technology (OT) Security Market Expansion: Predicted 17.1% CAGR to Reach USD 71.22 Billion By 2032

08-01-2024 09:51 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Operational Technology (OT) Security Market

Operational Technology (OT) Security Market

The operational technology (OT) security market size is projected to be valued at USD 17.25 billion in 2023 and is expected to rise to USD 71.22 billion by 2032. The market is expected to register a CAGR of 17.1% during the forecast period from 2024 to 2032. Various factors propelling the demand for operational technology (OT) security include:

โ— The Industrial IoT is quickly being utilized to assess facility efficiency, equipment status, production cycles, and other characteristics in order to pinpoint areas for improvement.
โ— The promise of features such as predictive asset maintenance, asset/network performance optimization, network monitoring digital assistants, predictive failure analysis, and remote condition monitoring is driving up demand for OT cloud services. These features generate large quantities of data from diverse field equipment, which can be used efficiently in a cloud location to shift market dynamics.
โ— The growing popularity of virtualization and cloud computing around the world raises demand for these technologies.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/operational-technology-ot-security-market/request-for-sample

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ (๐Ž๐“) ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ?

Operational technology (OT) security guards against cyberattacks against critical infrastructure and industrial control systems (ICS). OT systems are used to monitor and control physical processes in a variety of industries, including manufacturing, transportation, energy, and utilities. New vulnerabilities are being developed that hacker can exploit as more and more of these systems are connected to IT networks.

๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Some of the leading companies in the operational technology (OT) security market:

โ€ข Checkpoint
โ€ข Cisco
โ€ข Fortinet
โ€ข Honeywell
โ€ข McAfee
โ€ข Palo Alto Networks
โ€ข Qualys
โ€ข Siemens
โ€ข Yokogawa Electric
โ€ข Zscaler

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ: https://www.polarismarketresearch.com/buy/3895/2

๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ (๐Ž๐“) ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข The solutions segment has dominated the market, largely attributable to its ability to tackle the distinct challenges that come with OT environments.
โ€ข 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.
โ€ข The on-premises segment dominated the market as these offer complete authority and adaptability in managing security policies.
โ€ข The energy and power segment dominated the market and is anticipated to grow at the fastest CAGR owing to wide range of technologies.
โ€ข The North America region dominated the market owing to the rapidly increasing deployment of operational technology by numerous multinational corporations.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

โ€ข Industrial Digital Transformation: The adoption of IoT, AI, and other digital technologies in industrial environments has increased the attack surface, driving the need for robust OT security solutions.
โ€ข Rising Cyber Threats: The increasing frequency and sophistication of cyber-attacks targeting critical infrastructure and industrial systems highlight the need for enhanced OT security measures.
โ€ข Regulatory Compliance: Governments and regulatory bodies are implementing stringent cybersecurity regulations and standards for critical infrastructure, compelling organizations to invest in OT security solutions.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/operational-technology-ot-security-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐๐ซ๐ž๐š๐ค๐๐จ๐ฐ๐ง:

The operational technology (OT) security market is mainly segmented based on offering, deployment mode, organization size, application, and region. Based on the offering research, the solutions segment has defeated the market, owing mostly to its capacity to address the unique difficulties associated with OT settings, such as SIEM, Network Security, Vulnerability Management, Data Security, Asset Discovery & Management, and IAM.

Furthermore, according to the deployment method research, the on-premises segment held the biggest market share. These are integrated into an institution's infrastructure to provide comprehensive control and flexibility in handling security procedures and arrangements. On-premise resolutions are preferred because they authorize immediate control over industrial operations and isolation from exterior networks, often using segmented or isolated networks to limit potential attack sites.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Cyber Security Market: https://www.polarismarketresearch.com/industry-analysis/cyber-security-market

Digital Map Market: https://www.polarismarketresearch.com/industry-analysis/digital-map-market

Artificial Intelligence Market: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-market

Virtual Reality (VR) in Gaming Market: https://www.polarismarketresearch.com/industry-analysis/virtual-reality-vr-in-gaming-market

Consumer Network Attached Storage (NAS) Market: https://www.polarismarketresearch.com/industry-analysis/consumer-network-attached-storage-nas-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

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

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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.

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