Press release
Operational Technology (OT) Industry Annual Growth to hit USD 364.74 billion by 2030 | Top 5 Companies are Rockwell Automation, Inc., Emerson Electric Co., Fuji Electric Co., Ltd., Yokogawa Electric Corporation and Mitsubishi Electric Corporation.
Operational Technology (OT) Industry
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China's Made in China 2025, Japan's IVI, South Korea's Strategy 3.0, and India's Samarth Udyog Bharat 4.0 are set to drive industrial progress and create growth opportunities in the operational technology market.
Latest M&A
✅ Armis Security acquired Otorio, an Israeli exposure management analytics firm, enhancing OT cybersecurity offerings ahead of an anticipated USD 4.2 billion IPO.
✅ Rockwell Automation acquired Verve Industrial Protection to integrate zero-trust security controls into its process automation stack, supporting OT security frameworks.
✅ Tenable signed an agreement to acquire Vulcan Cyber, an exposure management solution, improving consolidation and remediation of OT security risks.
Key Players:
Siemens, ABB, Honeywell International Inc., General Electric, Schneider Electric, Rockwell Automation, Inc., Emerson Electric Co., Fuji Electric Co., Ltd., Yokogawa Electric Corporation and Mitsubishi Electric Corporation.
Latest News and Product Launches
✅ Immersive launched an advanced scenario-based OT cybersecurity training platform, featuring adaptive skill assessment and real-world malware simulations tailored for OT environments, addressing rising cyber threats on industrial systems.
✅ Fortinet broadened its OT security platform to support over 3,300 protocol rules and emerging 5G connectivity for rugged industrial assets.
✅ The integration of AI, edge computing, and digital twins is advancing OT capabilities for real-time analytics, autonomous operations, and predictive maintenance in manufacturing, energy, and power grid sectors.
Growth Forecast Projection:
The Global Operational Technology Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Operational Technology Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segmentation:
By Component: (Human Machine Interface, Control System)
By Network Technology: (Wired, Wireless)
By End-User: (Oil & Gas, Food & Beverages, Pharmaceuticals, Chemicals, Energy & Power, Metals & Mining, Pulp & Paper, Automotive, Aerospace & Defense, Semiconductor & Electronics, Medical Devices, Machine Manufacturing, Others)
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Operational Technology producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Operational Technology revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Operational Technology Market?
A: The Operational Technology Market stood at USD 210.06 billion in 2024 and is set to experience remarkable growth, reaching USD 364.74 billion by 2030
Q2: How fast is the Operational Technology Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 9.6% from 2025 to 2032
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