North America 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 North America Operational Technology (OT) Security Market would witness market growth of 14.1% CAGR during the forecast period (2022-2028).
Count on every OT system and subsystem to complete its own task alone. The right people are given the right access and permissions thanks to multifactor authentication. A layered and levelled approach with zones of control is provided by network segmentation and micro-segmentation. Threats are discovered through sandboxing on the OT network, and automated quarantine stops them from inflicting harm.
A centralized security tool supports logging, reporting, analytics, and assesses data gathered from system-wide activities. Additionally, it offers security orchestration automation & response capabilities as well as security information and event management. User and device activity analysis provides OT security insights, and evaluations guarantee ongoing security.Due to the fact that OT systems were not interconnected with the internet, OT cyber security was not previously required.
OT is crucial for the smooth running of the country's key infrastructure, which is usually a web of interconnected and dependent systems. Since more operational technology components rely on IP-based services, more systems are being exposed to broad-based attacks. the idea that an internal network administration team may manage a network both locally and globally while also protecting it from any threats.
The US market dominated the North America 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 $8,962 million by 2028.The Canada market is poised to grow at a CAGR of 16.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.9% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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