Market Highlights
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.
Segmentation:
The global operational technology security market share 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.
Regional Overview
Companies in the operational technology security market are spread across the world. The operational technology security market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American operational technology security market has many companies across the United States, Canada, and Mexico. Europe has companies in the operational technology security market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the operational technology security market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The operational technology security market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the operational technology security market can be found in the market research report.
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.
