Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Operational Technology (OT) Security Market size is expected to reach $34.9 billion by 2028, rising at a market growth of 15.5% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 16.3% during (2022 - 2028). To obtain competitive edge, increased efficiency, and new market opportunities, businesses may safely transport data by integrating IT and OT systems and procedures with OT Security Service. Along with that, there is an increase in the investments by companies on the adoption of these OT security services, which would spur the segment growth.
The Manufacturing segment acquired maximum revenue share the Global Operational Technology (OT) Security Market by Vertical in 2021 thereby, achieving a market value of $11.1 billion by 2028. The rise in attacks on the manufacturing sector suggests that it is essential for organizations who responsible for operating-system infrastructure, to secure the endpoints of their OT systems and networks.
The Cloud segment has shown the growth rate of 17.5% during (2022 - 2028). Organizations can use cloud-based solutions that give speed, scalability, and improved OT security due to the deployment option for OT security solutions that is based in the cloud. Additionally, the cloud-based OT security solution aids businesses in lowering the price of pricy hardware equipment needed for cooling, electricity, and storage.
The Large Enterprises segment is leading the Global Operational Technology (OT) Security Market by Organization Size in 2021 thereby, achieving a market value of $23.2 billion by 2028. There are many big companies that are increasingly investing in building a secure operational infrastructure. Due to this, the demand for various advanced solutions and systems would surge in the coming years.
The North America market dominated the Global Operational Technology (OT) Security Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.2 billion by 2028.The Europe market is exhibiting a CAGR of 14.7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 16.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Deployment Mode
By Organization Size
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