Europe Operational Technology (OT) Security Market Size, Share & Industry Trends Analysis Report By Offering, By Vertical (Manufacturing, Energy & Power, Oil & Gas, BFSI), By Deployment Mode, By Organization Size, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Operational Technology (OT) Security Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
Organizations sought to develop specialized point solutions to solve specialized problems as digital innovation (DI) programmes grew and IT OT networks converged. These OT security strategies led to a complicated network where solutions were unable to discuss information and offer complete insight.
IT and OT networks are frequently kept apart, which duplicates security efforts and forgoes transparency. These IT OT networks are unable to monitor activity across the attack surface. Because these dispersed teams are unaware of what is connected to their own networks, it might be challenging to define the bounds of the attack surface. OT IT networks are not only hard to manage effectively, but they also have serious security flaws.
As many OT environments are a part of the UK's Critical National Infrastructure, any disruption to the services they manage could be problematic. The current EU Network and Information Security (NIS) Directive has standards that must be followed, and the NCSC recently published recommendations to assist regulators and operators of critical services. The advice provided here can assist OT managers in making sure that any link between their OT settings and larger company networks or the Internet is maintained securely.
The Germany market dominated the Europe Operational Technology (OT) Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,277 million by 2028.The UK market is anticipated to grow a CAGR of 13.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15.6% during (2022 - 2028).
Based on Offering, the market is segmented into Solutions and Services. Based on Vertical, the market is segmented into Manufacturing, Energy & Power, Oil & Gas, BFSI and Others. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Broadcom, Inc. (Symantec Corporation), Cisco Systems, Inc., Fortinet, Inc., Forcepoint LLC (Francisco Partners), Tenable Holdings, Inc., Check Point Software Technologies Ltd., FireEye, Inc., Palo Alto Networks, Inc., and Kaspersky Lab.
Scope of the Study
Market Segments Covered in the Report:
- Energy & Power
- Oil & Gas
By Deployment Mode
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Broadcom, Inc. (Symantec Corporation)
- Cisco Systems, Inc.
- Fortinet, Inc.
- Forcepoint LLC (Francisco Partners)
- Tenable Holdings, Inc.
- Check Point Software Technologies Ltd.
- FireEye, Inc.
- Palo Alto Networks, Inc.
- Kaspersky Lab
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