Operational Technology Security Market Growth Drivers, Industrial Applications, Business Investments and Forecast till 2027
Operational Technology Security Market 2020
Overview
The operational technology security market is anticipated to grow by US$24,092.7 Million by 2026 rapidly growing at a CAGR of 8.2% during the forecast period. The global operational technology security market is driven by increasing cyber security threats and the rise of OT ecosystems. These factors have helped shape the Operational Technology Security Market and are expected to boost the growth. Companies in the operational technology security market could also face challenges such as complexity of the OT security solutions. The details covered in the operational technology security market report cover all the aspects of the industry. operational technology security market analysts have also shared growth projections in the report and have suggested operational technology security market players to plan growth strategies accordingly.
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Market Segmentation
The global operational technology security market has been segmented based on deployment, end-use industry, and component. On the basis of deployment, the market for operational technology security is segmented based on hybrid, cloud, and on-premise. Additionally, the market on the basis of the end-use industry, is segmented into manufacturing, mining, power & electrical, transportation, and others. The global market for operational technology security is also covered based on the component segment which is further split into solution (OT endpoint security, OT network segmentation, anomaly detection, incident response and reporting and others] and services (managed and professional (consulting services, deployment & implementation services and others)).
Factors like convergence of IT systems and increasing cyber attacks around the world support the Operational Technology Security Market Growth. The performance of the operational technology security market has also been studied for the past and current years. Additionally, the operational technology security market report provides analysis of these segments. The operational technology security market segmental analysis provided in the report offers major details about the operational technology security market performance and future.
Key Players
Bayshore Networks, Palo Alto Networks, Inc.(US), Carbon Black, Inc (US), Honeywell International Inc (US), Cisco Systems, Inc (US), Kaspersky Lab (Russia), Symantec Corporation (US), PAS Global, LLC (US), Cyberbit Ltd (Israel), General Electric (Wurldtech) (US), Verve Industrial Protection (US), Forescout Technologies Inc (US), Rockwell Automation, Inc.(US), MAVERICK Technologies, LLC (US), Schneider Electric (France), SCADAfence, Siemens (Germany), Fox-IT, AlertEnterprise, Owl Cyber Defense, Armis, Inc., Yokogawa Electric Corporation, Red Tiger Security, LLC, Biznet Bilisim, Claroty, CyberX, NOZOMI NETWORKS INC , Inc. PHOENIX, IOActive Inc, DRAGOS, INC, Indegy , Tenable®, Inc , Deloitte Touche Tohmatsu Limited , Darktrace Industrial, DFLabs, Deep Secure, and SCADAhacker, Lofty Perch Inc. are some reputed names in the OT security market as listed by MRFR.
Competitive Landscape
The operational technology security market is supported by surge in data traffic and 5G deployment in many countries. The population growth around the world and increasing demand of operational technology security market based services and products also support the market growth. However, the operational technology security market growth can be affected due to budget constraints affecting innovation and inefficiency of traditional OT security systems. The report covers all such details which will help companies in the operational technology security market to strengthen their business plan and improve their product portfolio. The operational technology security market research report also provides company profiles of major companies. The company profile of organizations operating in the operational technology security market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the operational technology security market. New entrants and established players can plan their strategies based on this data provided in the operational technology security market research report.
Industry News
F5 Networks Inc. has today announced the purchase of the "edge-as-a-service" start-up Volterra Inc. for a $500M offer of $440 M in cash and $60 M in potential value. Network traffic control firm Volterra was introduced in November 2019 and was developed in 2017 to help businesses distribute apps across the public and private clouds and the network edge with a services-based technology platform.
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