Emerging Trends to Drive Operational Technologies Market Growth at 10.1% CAGR Through 2029

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Operational Technologies Market Size Growth Forecast: What to Expect by 2025?
The size of the operational technologies market has seen swift expansion in the past few years. The market, which is projected to rise from $182.06 billion in 2024 to $201.09 billion in 2025, is expected to register a compound annual growth rate (CAGR) of 10.5%. Factors contributing to growth during the historic period include the utilization of automation technologies, apprehensions about cybersecurity, the incorporation of IoT devices, digital transformation, and outdated infrastructure.

How Will the Operational Technologies Market Size Evolve and Grow by 2029?
The market for operational technologies is predicted to expand considerably in the upcoming years, escalating to a considerable $295.48 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 10.1%. The projected surge during this forecast period can be linked to the increased uptake of edge computing, the establishment of 5G networks, sustained emphasis on remote access, heightened focus on sustainability, and resilience of the supply chain. Throughout this forecast period, significant trends will include the creation and uptake of standardized protocols, the emergence of digital twins, increased use of predictive analytics, the proliferation of open-source technologies, and the emphasis on human-centric design.

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What Drivers Are Propelling the Growth of Operational Technologies Market Forward?
Boost in the requirement for energy is predicted to hasten the expansion of the operational technologies market in the future. The term 'energy' denotes the power or electricity essential for the functioning of machines, equipment, and various procedures, which are fundamental in manufacturing, production, and operational tasks. Factors like population increase, urbanization, industrial evolution, economical progression, and advancements in technology have magnified the demand for energy. Operational technologies, with their crucial nature in modernizing the energy industry, offer improved efficiency, dependability, and sustainability. They achieve this by streamlining operations, incorporating renewable energy sources, and strengthening grid resiliency to fulfill the shifting demands of the energy market. For example, in 2024, the International Energy Agency (IEA), an independent intergovernmental organization based in France, revealed that in 2023, there was a 2.2% growth in global electricity demand, with an anticipated average yearly growth of 3.4% up until 2026. As a result, the escalating demand for energy is inducing the growth of the operational technologies market.

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Which Emerging Trends Are Transforming the Operational Technologies Market in 2025?
Leading businesses in the operational technologies market are concentrating on creating technologically superior solutions such as industrial edge solutions, in order to boost real-time data processing, enhance operational productivity, and enable predictive maintenance. Industrial edge solutions are decentralized systems that process data either at or close to the point of creation within industrial spaces. This enables real-time analysis, heightened efficiency, and minimized latency within the manufacturing and operational procedures. For example, in October 2024, Ola Electric Mobility, an electric two-wheeler manufacturer based in India, introduced the Ola Digital Twin platform, aimed at revolutionizing manufacturing procedures and product development. This platform leverages advanced technologies such as Krutrim AI, simulations, and IoT to construct digital duplicates of actual-world manufacturing environments. This technology provides superior manufacturing planning, AI capabilities, AI-driven quality checks, thermal simulations for data centers and cooling systems, and integration with NVIDIA Isaac Sim for virtual robot training. The platform marks a novel standard in the electric vehicle industry for efficiency and innovation.

What Are the Key Segments in the Operational Technologies Market?
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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Who Are the Key Players Shaping the Operational Technologies Market's Competitive Landscape?
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.

What Geographic Markets Are Powering 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.

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