Description
Global Operational Technology Security Market Analysis
Market Overview
The global market for operational technology security is likely to increase at a substantial rate over the forecast period of 2022-2030. Due to the increase in cyberattacks and network security threats, smart operational technologies, and the convergence of IT and OT ecosystems, the global operational technology (OT) security market is anticipated to develop.
Industrial internet of things (IIoT) solution adoption is anticipated to present a wide range of opportunities for market participants. Budgetary restrictions and conventional OT security methods, however, can prevent the sector from expanding.
Because of the potential advantages, including cost and risk savings, improved performance, and increased flexibility, the convergence of operation technology (OT) and information technology (IT) has gained popularity in recent years. In contrast to IT, which comprises all the technologies required for information processing, OT refers to the hardware, sensors, and software needed to operate and monitor machines and other equipment.
With independent technology stacks, protocols, standards, governance models, and organisational structures, OT and IT have traditionally been kept in separate realms in the majority of industries. However, as technologies like Internet Protocol (IP) have become more widely used, OT has been able to embrace more IT-like strategies.
Segment Overview
The component, deployment, end use, and regional segments have been used to divide the market for global operational technology security market. The global market has been bifurcated into solution and services based on the component of operational technology security.
The end user segment has been divided into power & electrical, mining, transportation, manufacturing, others. By deployment, the market has been bifurcated into on-premise, cloud, and hybrid.
Regional Analysis
The operational technology security market is segmented into Americas (North and South), Asia Pacific, Europe, and Middle East & Africa. In terms of market share, North America is anticipated to garner key position among the other regional competitors, partly because the region is adopting emerging technologies at larger pace than others.
Industry awareness and adoption rates are projected to increase as a result of government efforts like Make in India, the Industrial Value Chain Initiative Forum, and Industry 4.0. Furthermore, in the near future, market expansion may be facilitated by IoT investments made by industry leaders.
Additionally, the market for operational technology security has a wide range of opportunities due to the fast industrialization and integration of automation to lessen the burden on production lines. Therefore, during the course of the projection period, organisations operating in the worldwide operational technology security market should benefit from the increased investments in IIOT solutions.
Major Players
VMware, Inc., Honeywell International, Inc., HCL Technologies Ltd., Schneider Electric Se, Broadcom, Cisco Systems, Inc., and Kaspersky Lab are some of the affluent contenders holding sizeable operational technology security market share.
COVID 19 Impacts
The global shutdown of offices and other facilities caused by the COVID-19 pandemic has presented a tremendous challenge to businesses worldwide: finding a way to stay operational in spite of the move to remote IT infrastructures, such as cloud systems, data centres, departmental servers, and digital devices.
The cybersecurity company Darktrace reported that the percentage of attacks targeting people working from home rose from 12% to over 60% within six weeks of the lockdown. To combat this, micro, small, and medium enterprises began investing in advanced antivirus software.
TABLE OF CONTENT
1 EXECUTIVE SUMMARY 20
2 MARKET INTRODUCTION 22
2.1 MARKET DEFINITION 22
2.2 SCOPE OF THE STUDY 22
2.3 RESEARCH OBJECTIVE 22
2.4 MARKET STRUCTURE 23
2.5 LIST OF ASSUMPTIONS 23
3 RESEARCH METHODOLOGY 24
4 MARKET DYNAMICS 30
4.1 OVERVIEW 30
4.2 DRIVERS 30
4.2.1 CONVERGENCE OF IT AND OT ECOSYSTEMS 30
4.2.2 RISING RISKS OF CYBER THREATS ON CRITICAL INFRASTRUCTURE 31
4.2.3 DRIVERS IMPACT ANALYSIS 32
4.3 RESTRAINT 32
4.3.1 LACK OF EXPERTISE AND THE COMPLEXITY OF SYSTEMS 32
4.3.2 RESTRAINTS IMPACT ANALYSIS 33
4.4 OPPORTUNITIES 33
4.4.1 INCREASING INVESTMENTS IN ADOPTING INDUSTRIAL INTERNET OF THINGS (IIOT) SOLUTIONS 33
4.5 IMPACT ANALYSIS OF THE COVID-19 PANDEMIC ON THE OPERATIONAL TECHNOLOGY SECURITY MARKET 34
4.5.1 IMPACT ON OVERALL SPENDING ON IT SECURITY 34
4.5.2 INCREASED INVESTMENT IN SECURING REMOTE WORKING PRACTICES 34
4.5.3 IMPACT ON ACROSS VARIOUS INDUSTRY VERTICAL 34
5 MARKET FACTOR ANALYSIS 35
5.1 VALUE CHAIN ANALYSIS 35
5.1.1 TECHNOLOGY PROVIDERS 35
5.1.2 SERVICE PROVIDERS AND RESELLERS 36
5.1.3 END USERS 36
5.2 PORTER’S FIVE FORCES MODEL 37
5.2.1 THREAT OF NEW ENTRANTS 37
5.2.2 BARGAINING POWER OF SUPPLIERS 38
5.2.3 THREAT OF SUBSTITUTES 38
5.2.4 BARGAINING POWER OF BUYERS 38
5.2.5 INTENSITY OF RIVALRY 38
6 GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY COMPONENT 39
6.1 OVERVIEW 39
6.2 SOLUTION 40
6.2.1 OT ENDPOINT SECURITY 40
6.2.2 OT NETWORK SEGMENTATION 41
6.2.3 ANOMALY DETECTION, INCIDENT RESPONSE AND REPORTING 41
6.2.4 OTHERS 41
6.3 SERVICES 42
6.3.1 MANAGED 42
6.3.2 PROFESSIONAL 43
6.3.2.1 CONSULTING SERVICES 43
6.3.2.2 DEPLOYMENT AND IMPLEMENTATION SERVICES 43
7 GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY DEPLOYMENT 44
7.1 OVERVIEW 44
7.2 ON-PREMISE 45
7.3 CLOUD 45
7.4 HYBRID 45
8 GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY END-USE INDUSTRY 46
8.1 OVERVIEW 46
8.2 POWER AND ELECTRICAL 47
8.3 MINING 48
8.4 TRANSPORTATION 49
8.5 MANUFACTURING 49
8.5.1 DISCRETE MANUFACTURING 49
8.5.2 PROCESS MANUFACTURING 50
8.6 OTHERS 50
9 GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY REGION 51
9.1 OVERVIEW 51
9.1.1 MARKET ESTIMATES AND FORECAST, BY REGION 51
9.2 NORTH AMERICA 53
9.2.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 53
9.2.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 54
9.2.3 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 56
9.2.4 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 56
9.2.5 US 58
9.2.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 58
9.2.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 59
9.2.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 59
9.2.6 CANADA 61
9.2.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 61
9.2.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 62
9.2.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 63
9.2.7 MEXICO 64
9.2.7.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 64
9.2.7.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 66
9.2.7.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 66
9.3 EUROPE 68
9.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 69
9.3.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 70
9.3.3 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 71
9.3.4 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 72
9.3.5 GERMANY 73
9.3.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 73
9.3.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 75
9.3.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 75
9.3.6 FRANCE 77
9.3.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 77
9.3.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 78
9.3.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 78
9.3.7 UK 80
9.3.7.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 80
9.3.7.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 81
9.3.7.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 82
9.3.8 NORDICS 83
9.3.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 83
9.3.8.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 85
9.3.8.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 85
9.3.9 BENELUX 87
9.3.9.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 87
9.3.9.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 88
9.3.9.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 88
9.3.10 SPAIN 90
9.3.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 90
9.3.10.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 91
9.3.10.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 92
9.3.11 ITALY 93
9.3.11.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 93
9.3.11.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 95
9.3.11.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 95
9.3.12 REST OF EUROPE 97
9.3.12.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 97
9.3.12.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 98
9.3.12.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 98
9.4 ASIA-PACIFIC 101
9.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 102
9.4.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 103
9.4.3 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 104
9.4.4 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 105
9.4.5 CHINA 106
9.4.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 106
9.4.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 108
9.4.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 108
9.4.6 JAPAN 110
9.4.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 110
9.4.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 111
9.4.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 111
9.4.7 INDIA 113
9.4.7.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 113
9.4.7.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 114
9.4.7.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 115
9.4.8 AUSTRALIA 116
9.4.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 116
9.4.8.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 118
9.4.8.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 118
9.4.9 SOUTH KOREA 120
9.4.9.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 120
9.4.9.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 121
9.4.9.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 121
9.4.10 SINGAPORE 123
9.4.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 123
9.4.10.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 124
9.4.10.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 125
9.4.11 REST OF ASIA-PACIFIC 126
9.4.11.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 126
9.4.11.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 128
9.4.11.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 128
9.5 MIDDLE EAST & AFRICA 130
9.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 130
9.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 131
9.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 132
9.6 SOUTH AMERICA 134
9.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 134
9.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 135
9.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 136
10 COMPETITIVE LANDSCAPE 138
10.1 COMPETITIVE BENCHMARKING 139
10.2 VENDOR SHARE ANALYSIS 140
10.3 RECENT DEVELOPMENTS 140
10.3.1 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS 140
10.3.2 BUSINESS EXPANSIONS/ACQUISITIONS 142
10.3.3 PRODUCT LAUNCHES/DEVELOPMENTS 143
11 COMPANY PROFILES 146
11.1 HCL TECHNOLOGIES LTD 146
11.1.1 COMPANY OVERVIEW 146
11.1.2 FINANCIAL OVERVIEW 147
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 147
11.1.4 KEY DEVELOPMENTS 148
11.1.5 SWOT ANALYSIS 148
11.1.6 KEY STRATEGIES 149
11.2 VMWARE, INC. 150
11.2.1 COMPANY OVERVIEW 150
11.2.2 FINANCIAL OVERVIEW 151
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 151
11.2.4 KEY DEVELOPMENTS 152
11.2.5 SWOT ANALYSIS 152
11.2.6 KEY STRATEGIES 152
11.3 HONEYWELL INTERNATIONAL, INC. 153
11.3.1 COMPANY OVERVIEW 153
11.3.2 FINANCIAL OVERVIEW 154
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 154
11.3.4 KEY DEVELOPMENTS 155
11.3.5 SWOT ANALYSIS 156
11.3.6 KEY STRATEGIES 156
11.4 SCHNEIDER ELECTRIC SE 157
11.4.1 COMPANY OVERVIEW 157
11.4.2 FINANCIAL OVERVIEW 158
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 158
11.4.4 KEY DEVELOPMENTS 159
11.4.5 SWOT ANALYSIS 160
11.4.6 KEY STRATEGIES 160
11.5 CISCO SYSTEMS, INC. 161
11.5.1 COMPANY OVERVIEW 161
11.5.2 FINANCIAL OVERVIEW 162
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 162
11.5.4 KEY DEVELOPMENTS 163
11.5.5 SWOT ANALYSIS 163
11.5.6 KEY STRATEGIES 163
11.6 BROADCOM 164
11.6.1 COMPANY OVERVIEW 164
11.6.2 FINANCIAL OVERVIEW 165
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 165
11.6.4 KEY DEVELOPMENTS 166
11.6.5 SWOT ANALYSIS 166
11.6.6 KEY STRATEGIES 166
11.7 KASPERSKY LAB 167
11.7.1 COMPANY OVERVIEW 167
11.7.2 FINANCIAL OVERVIEW 167
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 167
11.7.4 KEY DEVELOPMENTS 167
11.8 GENERAL ELECTRIC 168
11.8.1 COMPANY OVERVIEW 168
11.8.2 FINANCIAL OVERVIEW 169
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 170
11.8.4 KEY DEVELOPMENTS 170
11.8.5 SWOT ANALYSIS 170
11.8.6 KEY STRATEGIES 171
11.9 ROCKWELL AUTOMATION, INC. 172
11.9.1 COMPANY OVERVIEW 172
11.9.2 FINANCIAL OVERVIEW 173
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 174
11.9.4 KEY DEVELOPMENTS 174
11.9.5 SWOT ANALYSIS 175
11.9.6 KEY STRATEGIES 175
11.10 PAS GLOBAL LLC (HEXAGON AB) 176
11.10.1 COMPANY OVERVIEW 176
11.10.2 FINANCIAL OVERVIEW 176
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
11.10.4 KEY DEVELOPMENTS 177
11.10.5 SWOT ANALYSIS 178
11.10.6 KEY STRATEGIES 178
11.11 FORTINET INC 179
11.11.1 COMPANY OVERVIEW 179
11.11.2 FINANCIAL OVERVIEW 180
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
11.11.4 KEY DEVELOPMENTS 181
11.11.5 SWOT ANALYSIS 181
11.11.6 KEY STRATEGIES 181
11.12 PALO ALTO NETWORKS INC 182
11.12.1 COMPANY OVERVIEW 182
11.12.2 FINANCIAL OVERVIEW 183
11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
11.12.4 KEY DEVELOPMENTS 184
11.12.5 SWOT ANALYSIS 185
11.12.6 KEY STRATEGIES 185
11.13 FORESCOUT TECHNOLOGIES INC 186
11.13.1 COMPANY OVERVIEW 186
11.13.2 FINANCIAL OVERVIEW 186
11.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 186
11.13.4 KEY DEVELOPMENTS 186
11.13.5 SWOT ANALYSIS 187
11.13.6 KEY STRATEGIES 187
11.14 DARKTRACE 188
11.14.1 COMPANY OVERVIEW 188
11.14.2 FINANCIAL OVERVIEW 188
11.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
11.14.4 KEY DEVELOPMENTS 188
11.14.5 SWOT ANALYSIS 189
11.14.6 KEY STRATEGIES 189
11.15 NOZOMI NETWORKS INC. 190
11.15.1 COMPANY OVERVIEW 190
11.15.2 FINANCIAL OVERVIEW 190
11.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
11.15.4 KEY DEVELOPMENTS 190
11.15.5 SWOT ANALYSIS 191
11.15.6 KEY STRATEGIES 191
11.16 SCADAFENCE 192
11.16.1 COMPANY OVERVIEW 192
11.16.2 FINANCIAL OVERVIEW 192
11.16.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 192
11.16.4 KEY DEVELOPMENTS 192
