Global Operational Technology Security Market Research Report— Forecast till 2026

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Global Operational Technology Security Market is evaluated to surpass a market value of USD 24,092.7 Million registering a constant CAGR of 8.2% during the review period.

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Global Operational Technology Security Market Research Report— Forecast till 2026

Market Dynamics
Global Operational Technology Security Market is evaluated to surpass a market value of USD 24,092.7 Million registering a constant CAGR of 8.2% during the review period. Operational Technology is hardware and software that monitors and controls the performance of the devices which is used across various sectors. OT involves frameworks of electronic parts that can handle the actual activities of the machines, which send sensor information to the regulator for checking and computerized operational capacities. The growing demand for WAN solutions for centralized management, improved automation, and growing network reliability and security among enterprises are some of the market drivers during the review period.
The global operational technology security market is expected to witness healthy growth during the forecast period owing to the highest revenue of USD 13,740.3 Million in 2019. The growth of global OT security is attributed to the rise in cyber-attacks and network security threats, smart operational technologies, and convergence of IT and OT ecosystems during recent years. However, expenditure imperatives influencing the development and an increment in digital dangers because of the conventional OT security frameworks could control the market development during the study.
Market Segmentation
Global Operational Technology Security Market has been categorized into Component, Deployment, End-Use Industry, and Region.
Based on component type, the market has been segregated into solutions and services. The solution segment has been further categorized into OT endpoint security, OT network segmentation, anomaly detection, incident response, and reporting, and others. In terms of deployment type, the operational technology security market has been categorized into on-premises, hybrid, and cloud.
Regional Analysis
The region-specific analysis of the global operational technology security market has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is likely to drive the largest market in the global operational technology security market during the review period. The US is the major market player for operational technology owing to the heavy investments in research and development activities and a rapidly growing IT and communication sector in the country. The region is expected to command the market because of constant technological advancements, a dynamic regulatory framework, growing customer expectations, and cutthroat competition.
Europe exhibits the second-largest market for operational technology. The regional market growth is attributed to the upsurge in data traffic, the deployment of 5G services, the increasing number of cloud-based data centers, employee mobility, and the rapidly increasing adoption of IoT technologies.
Asia-Pacific contributes the third-largest regional market owing to the increasing need to consolidate the threat detection and prevention operations in one place and the increasing focus of enterprises on the vulnerability and threat exposures of their systems.
Major Players
The prominent players operating in the global operational technology security market include VMware, Inc (US), Honeywell International Inc (US), Schneider Electric (France), Cisco Systems, Inc. (US), Broadcom (US), Kaspersky Lab (Russia), General Electric (US), Rockwell Automation, Inc. (the US), PAS Global LLC. (US), Fortinet, Inc. (US), Palo Alto Networks (US), Darktrace (UK), and Forescout Technologies Inc. (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1  EXECUTIVE SUMMARY
2  MARKET INTRODUCTION
2.1 MARKET DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 21

2.5 LIST OF ASSUMPTIONS 21

3  RESEARCH METHODOLOGY
4  MARKET DYNAMICS
4.1 OVERVIEW 28

4.2 DRIVERS 29

4.2.1 CONVERGENCE OF IT AND OT ECOSYSTEMS 29

4.2.2 RISING RISKS OF CYBER THREATS ON CRITICAL INFRASTRUCTURE 29

4.2.3 DRIVERS IMPACT ANALYSIS 30

4.3 RESTRAINT 31

4.3.1 LACK OF EXPERTISE AND THE COMPLEXITY OF SYSTEMS 31

4.3.2 RESTRAINTS IMPACT ANALYSIS 31

4.4 OPPORTUNITIES 32

4.4.1 INCREASING INVESTMENTS IN ADOPTING INDUSTRIAL INTERNET OF THINGS (IIOT) SOLUTIONS 32

4.5 IMPACT ANALYSIS OF THE COVID-19 PANDEMIC ON THE OPERATIONAL TECHNOLOGY SECURITY MARKET 32

4.5.1 IMPACT ON OVERALL SPENDING ON IT SECURITY 32

4.5.2 INCREASED INVESTMENT IN SECURING REMOTE WORKING PRACTICES 33

4.5.3 IMPACT ON ACROSS VARIOUS INDUSTRY VERTICAL 33

5  MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 34

5.1.1 TECHNOLOGY PROVIDERS 34

5.1.2 SERVICE PROVIDERS AND RESELLERS 35

5.1.3 END USERS 35

5.2 PORTER’S FIVE FORCES MODEL 36

5.2.1 THREAT OF NEW ENTRANTS 36

5.2.2 BARGAINING POWER OF SUPPLIERS 37

5.2.3 THREAT OF SUBSTITUTES 37

5.2.4 BARGAINING POWER OF BUYERS 37

5.2.5 INTENSITY OF RIVALRY 37

6  GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY COMPONENT
6.1 OVERVIEW 38

6.2 SOLUTION 39

6.2.1 OT ENDPOINT SECURITY 40

6.2.2 OT NETWORK SEGMENTATION 40

6.2.3 ANOMALY DETECTION, INCIDENT RESPONSE AND REPORTING 41

6.2.4 OTHERS 41

6.3 SERVICES 42

6.3.1 MANAGED 43

6.3.2 PROFESSIONAL 43

6.3.2.1 CONSULTING SERVICES 44

6.3.2.2 DEPLOYMENT AND IMPLEMENTATION SERVICES 44

7  GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY DEPLOYMENT
7.1 OVERVIEW 45

7.2 ON-PREMISE 46

7.3 CLOUD 46

7.4 HYBRID 47

8  GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY END-USE INDUSTRY
8.1 OVERVIEW 48

8.2 POWER AND ELECTRICAL 49

8.3 MINING 49

8.4 TRANSPORTATION 50

8.5 MANUFACTURING 50

8.5.1 DISCRETE MANUFACTURING 51

8.5.2 PROCESS MANUFACTURING 51

8.6 OTHERS 51

9  GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET, BY REGION
9.1 OVERVIEW 52

9.1.1 MARKET ESTIMATES AND FORECAST, BY REGION 52

9.2 NORTH AMERICA 54

9.2.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 54

9.2.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 55

9.2.3 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 58

9.2.4 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 59

9.2.5 US 60

9.2.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 60

9.2.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 62

9.2.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 63

9.2.6 CANADA 64

9.2.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 64

9.2.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 66

9.2.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 66

9.2.7 MEXICO 67

9.2.7.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 67

9.2.7.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 69

9.2.7.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 70

9.3 EUROPE 71

9.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 71

9.3.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 72

9.3.3 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 74

9.3.4 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 75

9.3.5 UK 77

9.3.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 77

9.3.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 78

9.3.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 79

9.3.6 GERMANY 80

9.3.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 80

9.3.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 81

9.3.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 82

9.3.7 FRANCE 83

9.3.7.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 83

9.3.7.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 84

9.3.7.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 85

9.3.8 ITALY 86

9.3.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 86

9.3.8.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 87

9.3.8.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 88

9.3.9 SPAIN 89

9.3.9.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 89

9.3.9.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 90

9.3.9.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 91

9.3.10 REST OF EUROPE 92

9.3.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 92

9.3.10.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 94

9.3.10.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 94

9.4 ASIA-PACIFIC 96

9.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY 96

9.4.2 MARKET ESTIMATES AND FORECAST, BY COMPONENT 97

9.4.3 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 100

9.4.4 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 101

9.4.5 CHINA 102

9.4.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 102

9.4.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 104

9.4.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 105

9.4.6 JAPAN 106

9.4.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 106

9.4.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 107

9.4.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 108

9.4.7 INDIA 109

9.4.7.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 109

9.4.7.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 110

9.4.7.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 111

9.4.8 SINGAPORE 112

9.4.8.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 112

9.4.8.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 114

9.4.8.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 114

9.4.9 SOUTH KOREA 115

9.4.9.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 115

9.4.9.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 117

9.4.9.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 118

9.4.10 AUSTRALIA 119

9.4.10.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 119

9.4.10.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 120

9.4.10.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 121

9.4.11 REST OF ASIA-PACIFIC 122

9.4.11.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 122

9.4.11.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 124

9.4.11.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 124

9.5 MIDDLE EAST & AFRICA 126

9.5.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 126

9.5.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 128

9.5.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 129

9.6 SOUTH AMERICA 131

9.6.1 MARKET ESTIMATES AND FORECAST, BY COMPONENT 131

9.6.2 MARKET ESTIMATES AND FORECAST, BY DEPLOYMENT 133

9.6.3 MARKET ESTIMATES AND FORECAST, BY END-USE INDUSTRY 134

10  COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW 136

10.2 MARKET SHARE ANALYSIS 136

10.3 COMPETITVE BENCHMARKING 137

10.4 MAJOR GROWTH STRATEGY ADOPTED 138

11  COMPANY PROFILES
11.1 HONEYWELL INTERNATIONAL, INC. 139

11.1.1 COMPANY OVERVIEW 139

11.1.2 FINANCIAL OVERVIEW 140

11.1.3 PRODUCTS OFFERED 140

11.1.4 KEY DEVELOPMENTS 141

11.1.5 SWOT ANALYSIS 142

11.1.6 KEY STRATEGIES 142

11.2 SCHNEIDER ELECTRIC SE 143

11.2.1 COMPANY OVERVIEW 143

11.2.2 FINANCIAL OVERVIEW 143

11.2.3 PRODUCTS OFFERED 144

11.2.4 KEY DEVELOPMENTS 144

11.2.5 SWOT ANALYSIS 145

11.2.6 KEY STRATEGIES 145

11.3 CISCO SYSTEMS INC 146

11.3.1 COMPANY OVERVIEW 146

11.3.2 FINANCIAL OVERVIEW 146

11.3.3 PRODUCTS OFFERED 147

11.3.4 KEY DEVELOPMENTS 147

11.3.5 SWOT ANALYSIS 147

11.3.6 KEY STRATEGIES 147

11.4 KASPERSKY LAB 148

11.4.1 COMPANY OVERVIEW 148

11.4.2 FINANCIAL OVERVIEW 148

11.4.3 PRODUCTS OFFERED 149

11.4.4 KEY DEVELOPMENTS 149

11.4.5 SWOT ANALYSIS 149

11.4.6 KEY STRATEGIES 150

11.5 SYMANTEC CORPORATION 151

11.5.1 COMPANY OVERVIEW 151

11.5.2 FINANCIAL OVERVIEW 151

11.5.3 PRODUCTS OFFERED 152

11.5.4 KEY DEVELOPMENTS 152

11.5.5 SWOT ANALYSIS 152

11.5.6 KEY STRATEGIES 153

11.6 GENERAL ELECTRIC 154

11.6.1 COMPANY OVERVIEW 154

11.6.2 FINANCIAL OVERVIEW 154

11.6.3 PRODUCTS OFFERED 155

11.6.4 KEY DEVELOPMENTS 155

11.6.5 SWOT ANALYSIS 155

11.6.6 KEY STRATEGIES 156

11.7 ROCKWELL AUTOMATION 157

11.7.1 COMPANY OVERVIEW 157

11.7.2 FINANCIAL OVERVIEW 158

11.7.3 PRODUCTS OFFERED 158

11.7.4 KEY DEVELOPMENTS 159

11.7.5 SWOT ANALYSIS 159

11.7.6 KEY STRATEGIES 160

11.8 VMWARE INC (CARBON BLACK INC) 161

11.8.1 COMPANY OVERVIEW 161

11.8.2 FINANCIAL OVERVIEW 161

11.8.3 PRODUCTS OFFERED 162

11.8.4 KEY DEVELOPMENTS 162

11.8.5 SWOT ANALYSIS 163

11.8.6 KEY STRATEGIES 163

11.9 PAS GLOBAL LLC 164

11.9.1 COMPANY OVERVIEW 164

11.9.2 FINANCIAL OVERVIEW 164

11.9.3 PRODUCTS OFFERED 164

11.9.4 KEY DEVELOPMENTS 165

11.9.5 KEY STRATEGIES 165

11.10 FORTINET INC 166

11.10.1 COMPANY OVERVIEW 166

11.10.2 FINANCIAL OVERVIEW 166

11.10.3 PRODUCTS OFFERED 167

11.10.4 KEY DEVELOPMENTS 167

11.10.5 SWOT ANALYSIS 167

11.10.6 KEY STRATEGIES 168

11.11 PALO ALTO NETWORKS INC 169

11.11.1 COMPANY OVERVIEW 169

11.11.2 FINANCIAL OVERVIEW 169

11.11.3 PRODUCTS OFFERED 170

11.11.4 KEY DEVELOPMENTS 170

11.11.5 SWOT ANALYSIS 171

11.11.6 KEY STRATEGIES 171

11.12 FORESCOUT TECHNOLOGIES INC 172

11.12.1 COMPANY OVERVIEW 172

11.12.2 FINANCIAL OVERVIEW 172

11.12.3 PRODUCTS OFFERED 172

11.12.4 KEY DEVELOPMENTS 172

11.13 DARKTRACE 173

11.13.1 COMPANY OVERVIEW 173

11.13.2 FINANCIAL OVERVIEW 173

11.13.3 PRODUCTS OFFERED 173

11.13.4 KEY DEVELOPMENTS 173