Press release
Operational Technologies Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Operational Technologies
The rise in energy demand is expected to drive the operational technologies market. Energy is crucial for various industries and activities, and its demand is growing due to urbanization, industrialization, and technological advancements. Operational technologies help modernize energy systems by improving efficiency, reliability, and sustainability, facilitating the integration of renewable energy. In 2024, the International Energy Agency reported a 2.2% global increase in electricity demand in 2023, with expectations for continued growth. This surge in energy needs is pushing the operational technologies market forward.
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What is the future CAGR of the operational technologies market, and how will it impact industry expansion?
The operational technologies market has grown rapidly, expanding from $182.06 billion in 2024 to $201.09 billion in 2025 at a CAGR of 10.5%. Growth has been fueled by automation adoption, cybersecurity concerns, IoT integration, digital transformation, and the modernization of aging infrastructure.
The Operational Technologies Market is forecasted to reach $295.48 billion by 2029, growing at a CAGR of 10.1%. Growth is driven by edge computing, 5G deployment, remote access expansion, and supply chain resilience. Trends include digital twin adoption, predictive analytics, open-source tech, and human-centric design.
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What are the most significant trends transforming the operational technologies market today?
Leading players in the operational technologies market are working on advanced solutions like industrial edge systems to improve real-time data processing, operational efficiency, and enable predictive maintenance. Industrial edge systems process data near its source in industrial settings, helping reduce latency and boost efficiency in operations. For example, in October 2024, Ola Electric Mobility, an Indian electric two-wheeler manufacturer, launched the Ola Digital Twin platform. This platform uses AI, simulations, and IoT to create digital replicas of real-world environments, improving manufacturing processes and product development in the electric vehicle industry.
Which key market segments comprise the operational technologies market and drive its revenue growth?
The operational technologies market covered in this report is segmented -
1) By Component: Control Systems, Field Devices
2) By Technology: Wired, Wireless
3) By Vertical: Oil And Gas, Food And Beverages, Energy And Power, Automotive, Other Verticals
Subsegments:
1) By Control Systems: Supervisory Control And Data Acquisition (SCADA) Systems, Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Human Machine Interface (HMI), Safety Instrumented Systems (SIS), Automation Controllers
2) By Field Devices: Sensors, Actuators, Valves, Transmitters, Relays
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Which geographical regions are pioneering growth in the operational technologies market?
North America was the largest region in the operational technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operational technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the operational technologies market?
Major companies operating in the operational technologies market are Huawei Technologies Co., Ltd., General Electric Co, accenture* Corporation, IBM Corporation, Cisco Systems, Ernst & Young Global Limited, Oracle, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Thales Group, Emerson Electric Co., Wipro Limited, Rockwell Automation, Inc., Fortinet, Inc., Yokogawa Electric Corporation, Advantech Co., Ltd., Audubon Companies, Forcepoint LLC, Wunderlich-Malec Engineering, Inc., Gray Matter Systems LLC, iTSM Group, SCADAfence, NTT Ltd.
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What Is Covered In The Operational Technologies Global Market Report?
•Market Size Forecast: Examine the operational technologies market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the operational technologies market for a structured understanding.
•Key Players Overview: Analyze major players in the operational technologies market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the operational technologies market.
•Segment Contributions: Evaluate how different segments drive overall growth in the operational technologies market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the operational technologies market.
•Industry Challenges: Identify potential risks and obstacles affecting the operational technologies market.
•Competitive Landscape: Review strategic developments in the operational technologies market, including expansions, agreements, and new product launches.
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