Market Insights and Analysis: Operational Technology (OT) Security Market Overview and Projections (2024-2030)
The Global Operational Technology (OT) Security Market size is valued at USD 19.84 billion in 2023 and is projected to reach USD 58.45 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.93% during the forecast period, i.e., 2024-30.
Top leading companies in the Operational Technology (OT) Security Market includes:
Fortinet, Inc., AO Kaspersky Lab, Cisco Systems, Inc., Forcepoint, Thales, Palo Alto Networks, Broadcom, Rockwell Automation, Forescout, Honeywell International Inc., Darktrace Holdings Limited, Microsoft, Nozomi Networks, International Business Machines Corp., Qualys, Inc.
Industry Recent Development:
- 2024: Thales collaborated with Tenable to enhance their IT & operational technology security solutions. This partnership ensures comprehensive visibility into assets, effective risk assessment, and streamlined collaboration between IT and OT teams, crucial for protecting against diverse and evolving threats.
- 2023: Fortinet Inc. announced the launch of new & integrated operation technology security solutions, which would provide integrated protection and risk management which would be specific to different industrial environments.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Offering
-Solutions
–Security Information & Event Management (SIEM)
–Asset Management
–Network Segmentation & Isolation
–Access Control & Identity Management
–Vulnerability Management
–Incident Response & Management
–Data Protection & Encryption
–Others
-Services
–Managed Security Services
–Consulting & Advisory Services
–Training & Education
–Consulting Services
–Integration Services
–Support & Maintenance
- Asset Management Solutions have gained a noticeable market share in the Global Operational Technology (OT) Security market over the past few years.
By Deployment
-Cloud
-On-Premise
By Enterprise Size
-Large Enterprises
-Small & Medium Enterprises
By End Users
-Energy & Utilities
-Oil & Gas
-Manufacturing
-Transportation and Logistics
-Mining
-Healthcare
-Others (Building & Construction, Military, etc.)
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Operational Technology (OT) Security Market Geographic Reach:
The Geographic Reach of the Operational Technology (OT) Security Market evaluates the spread and significance of Operational Technology (OT) Security market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: Japan, South Korea, China, India, Australia, Rest of Asia-Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa: The UAE, Saudi Arabia, Qatar, Egypt, South Africa, Rest of the Middle East & Africa
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