Market Size (2018)
2018
—
ICT
Operational Technology Market
By Segment, By Region, And Segment Forecasts, 2018 – 2030
Vertical: ICTBase Year: 202110 Sections
Executive Summary
Operational Technology Market — Snapshot
Projected (2030)
2030
—
CAGR (2018–2030)
N/A
Key Players
114+
Operational technology (OT) security is used in various industries to measure, control, and provide a view of processes. These systems are extremely interconnected infrastructures and networks that control and manage the industrial processes. OT comprises systems of electronic components that can control the physical operations of the machines, which transmit sensor data to the controller for monitoring and automated operational functions. Factors such as the increase in cyber-attacks and network security threats, smart operational technologies, and convergence of IT and OT ecosystems are expected to boost the growth of the market. However, budget constraints affecting innovation and an increase in cyber threats due to the traditional OT security systems could restrain the market growth to a certain extent. The increasing investments to adopt the industrial internet of things (IIoT) solutions are expected to offer promising opportunities for the market players.
The global operational technology security market by value is estimated to register an 18.1% CAGR during the forecast period, 2022 to 2030. In 2021, the market was dominated by North America with a 41.5% share, followed by Europe and Asia-Pacific with shares of 28.9% and 19.7%, respectively.
The global operational technology security market has been segmented based on solutions, deployment type, end-use industry, and region. On the basis of solution, the OT endpoint security segment held the largest market share, with a market value of USD 4,359.4 million in 2021, and is projected to register a CAGR of 18.5% during the forecast period. Based on deployment type, the on-premises segment held the largest market share of 52.1% in 2021, with a market value of USD 8,261.7 million and is projected to witness a CAGR of 16.8% during the forecast period. By end-use industry, the power & electrical segment held the largest market share of 32.8% in 2021, with a market value of USD 4,202.9 million and is projected to witness a CAGR of 18.7% during the forecast period.
Honeywell International Inc., Schneider Electric, Palo Alto Networks, Cisco Systems Inc., Fortinet Inc. and General Electric are the prominent companies in the global market, which compete in terms of availability, quality, price, and technology. They primarily focus on the development of sophisticated operational technology security. Although the international players are dominating the market, regional and foreign players with small market shares also have a notable presence.
Key Insight
Operational Technology Market is a key focus area for market intelligence and strategic research.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, South America.
- Market Segmentation: The market is analyzed across key segments with forecasts from 2018 to 2030.
- Competitive Landscape: 114 leading companies are profiled, covering market positioning, strategies, and recent developments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Overview
Operational Technology Market — Growth Trajectory
Operational technology (OT) systems are defined as solutions that can detect or cause a change in asset-centric enterprises by direct monitoring and control of physical devices, processes, and events. The security services related to these systems help companies assess, design, and manage security strategies and activities for the protection of OT systems. Therefore, operational technology (OT) security can be defined as the integration of security solutions, services, and technologies used to protect people, assets, and information involved in the monitoring and control of physical devices, processes, and events.
Market Share by Application
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Dimensions
How this market is segmented
- By Deployment By Deployment is broken down into: On-Premise, Hybrid, Cloud.
- By End-Use Industry By End-Use Industry is broken down into: Power & Electrical, Manufacturing, Transportation, Mining, Others.
- By Component By Component is broken down into: Solution, Services.
Geographic Analysis
Regional market breakdown
- North America North America is one of the key regions covered in this market analysis.
- Europe Europe is one of the key regions covered in this market analysis.
- Asia Pacific Asia Pacific is one of the key regions covered in this market analysis.
- Middle East and Africa Middle East and Africa is one of the key regions covered in this market analysis.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansResearch Methodology
Operational Technology Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2021
Forecast Period
2021 – 2030
Primary Interviews
150+
Research Process
Historical data (2018–2021) and forecast period (2021–2030)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Competitive Landscape & Porter's Five Forces
Operational Technology Market — Competitive Analysis
Threat of New Entrants
There are several established players from the US and countries in Asia and Europe that operate in the global operational technology security market. The costs required for developing these solutions primarily constitute hardware, technology experts, and software developers. These initial costs incurred in the development of OT security software have a medium degree of impact on the new entrants in the market. However, stringent government regulations for ensuring safety and compliance with IT and security laws have restricted the entry of these players in the market. Thus, the impact of the threat of new entrants on the global operational technology security market is expected to be moderate during the study period.
Bargaining Power of Suppliers
The suppliers in the global operational technology security market are the solution providers and vendors that provide OT security solutions to enterprises. These suppliers focus on providing solutions that ensure compliance, threat and anomaly detection, and endpoint security to enterprises. Thus, there is minimal differentiation in OT security solutions. Most of these suppliers have operations across the Americas, Europe, and Asia-Pacific, which reduces their bargaining power to a certain extent. Considering the above factors, the bargaining power of suppliers is expected to have a moderate degree of impact on the global operational technology security market during the forecast period.
Threat of Substitutes
Currently, there exists no alternative to OT security solutions. Cyber-attacks have increased in recent years, which poses a significant risk to the operational reliability of enterprises across various industries, including utilities, manufacturing, and oil & gas. This has created a need for OT convergence of operating systems such as SCADA, MES, and controllers. Thus, the threat of substitutes the global operational technology security market is expected to be low during the forecast period.
Bargaining Power of Buyers
The buyers in the operational technology security market are enterprises across several industry verticals, including manufacturing, BFSI, oil & gas, telecommunication & networking, energy & utilities, healthcare, and military & defense. Since the OT security solutions possess similar characteristics, the cost of switching between solutions is relatively less. This reduces the impact of switching from one solution provider to another. Therefore, considering the aforementioned factors, the bargaining power of the buyers is expected to have a moderate impact on the global operational technology security market during the forecast period.
Intensity of Rivalry
The players operating in the global operational technology security market are expected to witness a high competition during the forecast period. This is because the solutions offered by the providers have moderate differentiation, which results in high brand loyalty among the buyers. Moreover, the R&D investments by these players to develop highly reliable solutions are expected to increase in the coming years. Thus, the intensity of rivalry in the global operational technology security market is expected to be high during the forecast period.
Empower your Business
with InsightsSave over 20% on
with Insights
Save over 20% on
Annual Subscription
See plans for professionals or small and medium businesses.
Analytics
Operational Technology Market — Key Findings
Analytical insights on Operational Technology Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
Operational Technology Market represents a significant market opportunity with multiple growth drivers across regions and segments.
Market Drivers
Operation technology (OT) includes the devices, sensors, and software required to control and monitor plants and equipment. On the other hand, information technology (IT) combines all the necessary technologies for information processing. During the last couple of decades, most industries have developed and managed OT and IT as two different domains, maintaining separate technology stacks, protocols, standards, governance models, and organizational units. However, over the last few years, OT has started to increasingly adopt technologies that are similar to IT. For example, Internet Protocol (IP) is gaining acceptance as an all-purpose networking protocol and is more frequently used in a wide range of devices. The convergence of IT and OT is likely to offer clear benefits to companies, including cost and risk reductions, enhanced performance, and gains in flexibility. In the coming years, sensors and connected systems such as wireless sensors and actuator networks (WSANs) are likely to be integrated into the management of industrial environments, including water treatment, electric power, and factories. Although traditional OT devices can collect data, they are not capable of transmitting the data over a large network or perform any in-depth analysis on that data. The integration of automation, communications, and networking in industrial environments is an integral part of the boosting adoption of the Internet of things (IoT). The IoT, when paired with edge computing, enables the IT portion of IT/OT convergence. Thus, the convergence of IT and OT ecosystems is expected to fuel the growth of the global operational technology security market during the forecast period.
Market Opportunities
Technological advancement is a continuous process. There is an increasing trend of using artificial intelligence, cloud technology, edge computing, and machine learning, along with IoT technology. The IoT is completely dependent on the network connectivity of the devices. The advent of 5G technology, in combination with IoT technology, is also expected to create lucrative opportunities across various industry verticals. Further developments in 5G would result in a faster internet connection and an unmatched degree of connectivity among connected devices in an IoT environment, which is not possible with the current connectivity technologies. Industrial Internet of things (IIoT) is a collection of connected devices that are used for expediting the production process in industrial sectors. IIoT can be used in maximizing efficiency and minimizing wastage of resources. Various industry leaders are implementing IIoT in their processes to expand their current businesses. Government policies such as Make in India, Industrial Value Chain Initiative Forum, and Industry 4.0 can create awareness in industries and positively influence its adoption rates. Investments by industry leaders in IoT can galvanize market growth in the coming years. The rapid pace of industrialization and integration of automation to alleviate the burden on production assemblies has also created several opportunities in the operational technology security market. Thus, the increasing investments in adopting IIOT solutions are expected to offer lucrative opportunities for the players operating in the global operational technology security market during the forecast period.
Market Restraints
Lack of skilled professionals is one of the major concerns faced by organizations for managing operational technology (OT) security risks. In a traditional networking setup, the IT team involves experts and technicians who are aware of network infrastructures, storage, servers, and virtualization. However, these experts lack knowledge in deploying and implementing OT security systems and identifying what risks could potentially impact their business. The desired skill set includes knowledge about application development, software management, and troubleshooting so that they can take advantage of network programmability. However, professionals with such capabilities are scarce, and training someone with such requirements is challenging.
Moreover, the transition in network infrastructure from traditional hardware-based architecture to software-oriented, programmable, automated, and converged architecture is divisive. In order to smoothen the transformation process, enterprises need to spread awareness among their employees and provide training to manage hybrid and converged solutions. Arrangements for securing OT security systems are a huge challenge for organizations, especially when it comes to training personnel. Thus, the lack of expertise and the complexity of the systems are expected to restrict the growth of the global operational technology security market during the forecast period.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Companies
Key companies profiled in Operational Technology Market
Profiles of 114 companies operating in the Operational Technology Market market, including revenue, employee count, and market positioning where available.
Showing 114 of 114 companies
SCADAfence
SCADAfence
ICT
Company Headquarters: US Founded: 2014 Workforce: ~200 Company Working: SCADAfence is the technology provider in OT & IoT cybersecurity. The company offers a full suite of industrial cybersecurity products that provides full coverage of large-scale networks, offering network monitoring, asset discovery, governance, remote access, OT and IoT device security. SCADAfence delivers proactive security and visibility to some of the complex OT networks, including the largest manufacturing facility in Europe. The company is specialized in OT Security, ICS Security, IoT Security, Cyber Security, BMS Security, Critical Infrastructure Security, Threat Detection, Cyber Risk Management, and Critical Infrastructure Cyber Security. The company serves various industries such as Governance & Compliance, Manufacturing, Infrastructure, and Others.
RevenueN/A
Employees200
Market CapN/A
Founded2013
US
Nozomi Net
Nozomi Networks Inc
ICT
Company Headquarters: US Founded: 2013 Workforce: ~500 Company Working: Nozomi Networks Inc. (Nozomi) is the leader in OT & IoT security and visibility. The company accelerates digital transformation by unifying cybersecurity visibility for the large critical infrastructure, energy, manufacturing, mining, transportation, building automation and other OT sites around the world. Nozomi’s innovation and research make it possible to tackle escalating cyber risks through exceptional network visibility, threat detection and operational insight. The company serves across industry verticals such as Chemicals, Manufacturing, Food, Logistics, Transportation, Smart cities, and Others. The company has more than 5000 customers worldwide.
RevenueN/A
Employees500
Market CapN/A
Founded2012
US
Darktrace
Darktrace
ICT
Company Headquarters: UK Founded: 2013 Workforce: ~2,000 Company Working: Darktrace is a cybersecurity company with a presence across Europe, Asia, and North America. The company provides solutions for tackling cyber-attacks for enterprises across the financial services, manufacturing, government & defence, education, retail & e-commerce, healthcare, pharmaceuticals, telecom, transportation, and media & entertainment, among others. It specializes in proving technological solutions covering cloud and SaaS security, threat visualization, OT, IoT and e-mail security. The company has more than 7400 customers serving more than 110 countries.
RevenueN/A
Employees2,000
Market CapN/A
Founded2012
UK
Forescout
Forescout Technologies Inc
ICT
Company Headquarters: US Founded: 2000 Workforce: ~1,100 Company Working: Forescout Technologies (Forescout) provides enterprise and IT/OT security solutions. The company specializes in asset inventory, network access control, IoT security, device compliance, OT security, security orchestration, and data center and cloud security. Its Zero Trust solution has applications across several industries and verticals, including financial services, government, healthcare, manufacturing, power & utilities, oil & gas, and education. Forescout has more than 3,800 customers and has a presence in Australia, Canada, China, Germany, Hong Kong, Japan, the UAE, and the UK. The company has also been awarded several titles, including the 2020 IoT Evolution Industrial IoT Product of the Year Award and the CRN 5-Star Partner Program.
RevenueN/A
Employees1,100
Market CapN/A
Founded1999
US
Palo Alto
Palo Alto Networks Inc
ICT
Company Headquarters: US Founded: 2005 Workforce: ~12,000 Company Working: Palo Alto Networks Inc (Palo Alto) is recognized as one of the leaders in the global cybersecurity market. The company comprises three segments: Products, Solutions, and Services. The company’s products include Network Security, Cloud-Delivered Security Services, Secure Access Service Edge, Cloud Native Application Protection, Endpoint Security, and Security Operations (OT). It addresses clients' needs by providing them with a digital solution comprising artificial intelligence, analytics, orchestration, and automation. It has served various industries with businesses on the cloud, networks, and mobile devices, accounting for over 70,000 customers in over 150 countries. The company also won the Next Generation Firewall Data Quadrant award. It also won the Cloud Security Award in 2019. Besides cloud and enterprise solutions, Palo Alto provides professional training and support services.
Revenue$2.9B
Employees12,000
Market CapN/A
Founded2004
US
Fortinet I
Fortinet Inc
ICT
Company Headquarters: US Founded: 2000 Workforce: ~10,195 Company Working: Fortinet Inc is a leader in providing automated and integrated cybersecurity solutions. The company provides high-performance cybersecurity solutions to various businesses, such as carriers, data centers, enterprises, and distributed offices. Its cybersecurity solutions provide end customers with broad, automated, and integrated protection against dynamic and sophisticated security threats. It operates through four segments, namely, Core Business, Fortinet Security Fabric, Fortinet Cloud Security and Internet of Things (“IoT”), and Operational Technology Security (“OT”). The company specializes in network security, enterprise firewall, Unified Threat Management (UTM), firewall, Intrusion Prevention System (IPS), VPN, antivirus, e-mail security, web filtering and web security gateway, antispam, application control and visibility, and Next Generation Firewall (NGFW).
Revenue$2.2B
Employees10,195
Market CapN/A
Founded1999
US
Page 1 of 19
…
Go to page
Powering the world's best teams.
From next-gen startups to established enterprises.
What our clients say
Trusted by forward-thinking businesses
for data-driven intelligence
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Operational Technology Market
Starting from
$4,950