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Operational Technology Cybersecurity Trends and Forecast
The future of the global operational technology cybersecurity market looks promising with opportunities in the mining, transportation, manufacturing, and power and electrical markets. The global operational technology cybersecurity market is expected to grow with a CAGR of 16.0% from 2024 to 2030. The major drivers for this market are increasing digitization of industrial processes and systems, growing sophistication and frequency of cyberattacks on OT systems, and rising awareness of the need to protect ot systems from cyber threats.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Operational Technology Cybersecurity by Segment
The study includes a forecast for the global operational technology cybersecurity by deployment type, end use, and region.
Operational Technology Cybersecurity Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:
• Cloud
• Premise
Operational Technology Cybersecurity Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Mining
• Transportation
• Manufacturing
• Power And Electrical
• Others
Operational Technology Cybersecurity Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Operational Technology Cybersecurity Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies operational technology cybersecurity companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the operational technology cybersecurity companies profiled in this report include-
• Broadcom
• Cisco
• Fortinet
• Forcepoint
• Forescout
• Trellix
• Zscaler
• Darktrace
• Cyberark
• Beyondtrust
Operational Technology Cybersecurity Market Insights
Lucintel forecasts that on-premise will remain the larger segment over the forecast period due to an increase in the money that businesses are spending to implement these cutting-edge systems and solutions, as well as, growing number of cyberattacks and data breaches is forcing businesses to put solutions in place on their property.
North America will remain the largest region over the forecast period due to government programs pertaining to R&D and OT security spending have resulted in improvements, as well as, technological & digital transformations in this region.
Features of the Global Operational Technology Cybersecurity Market
Market Size Estimates: Operational technology cybersecurity market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Operational technology cybersecurity market size by type, end use, and region in terms of value ($B).
Regional Analysis: Operational technology cybersecurity market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the operational technology cybersecurity market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the operational technology cybersecurity market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the operational technology cybersecurity market size?
Answer: The global operational technology cybersecurity market is expected to reach an estimated $xx billion by 2030.
Q.2 What is the growth forecast for operational technology cybersecurity market?
Answer: The global operational technology cybersecurity market is expected to grow with a CAGR of 16.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the operational technology cybersecurity market?
Answer: The major drivers for this market are increasing digitization of industrial processes and systems, growing sophistication and frequency of cyberattacks on OT systems, and rising awareness of the need to protect ot systems from cyber threats.
Q4. What are the major segments for operational technology cybersecurity market?
Answer: The future of the global operational technology cybersecurity market looks promising with opportunities in the mining, transportation, manufacturing, and power and electrical markets.
Q5. Who are the key operational technology cybersecurity market companies?
Answer: Some of the key operational technology cybersecurity companies are as follows:
• Broadcom
• Cisco
• Fortinet
• Forcepoint
• Forescout
• Trellix
• Zscaler
• Darktrace
• Cyberark
• Beyondtrust
Q6. Which operational technology cybersecurity market segment will be the largest in future?
Answer: Lucintel forecasts that on-premise will remain the larger segment over the forecast period due to an increase in the money that businesses are spending to implement these cutting-edge systems and solutions, as well as, growing number of cyberattacks and data breaches is forcing businesses to put solutions in place on their property.
Q7. In operational technology cybersecurity market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to government programs pertaining to R&D and OT security spending have resulted in improvements, as well as, technological & digital transformations in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the operational technology cybersecurity market by deployment type (cloud and premise), end use (mining, transportation, manufacturing, power and electrical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Operational Technology Cybersecurity Market, Operational Technology Cybersecurity Market Size, Operational Technology Cybersecurity Market Growth, Operational Technology Cybersecurity Market Analysis, Operational Technology Cybersecurity Market Report, Operational Technology Cybersecurity Market Share, Operational Technology Cybersecurity Market Trends, Operational Technology Cybersecurity Market Forecast, Operational Technology Cybersecurity Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Operational Technology Cybersecurity Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Operational Technology Cybersecurity Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Operational Technology Cybersecurity Market by Deployment Type
3.3.1: Cloud
3.3.2: Premise
3.4: Global Operational Technology Cybersecurity Market by End Use
3.4.1: Mining
3.4.2: Transportation
3.4.3: Manufacturing
3.4.4: Power and Electrical
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Operational Technology Cybersecurity Market by Region
4.2: North American Operational Technology Cybersecurity Market
4.2.2: North American Operational Technology Cybersecurity Market by End Use: Mining, Transportation, Manufacturing, Power and Electrical, and Others
4.3: European Operational Technology Cybersecurity Market
4.3.1: European Operational Technology Cybersecurity Market by Deployment Type: Cloud and Premise
4.3.2: European Operational Technology Cybersecurity Market by End Use: Mining, Transportation, Manufacturing, Power and Electrical, and Others
4.4: APAC Operational Technology Cybersecurity Market
4.4.1: APAC Operational Technology Cybersecurity Market by Deployment Type: Cloud and Premise
4.4.2: APAC Operational Technology Cybersecurity Market by End Use: Mining, Transportation, Manufacturing, Power and Electrical, and Others
4.5: ROW Operational Technology Cybersecurity Market
4.5.1: ROW Operational Technology Cybersecurity Market by Deployment Type: Cloud and Premise
4.5.2: ROW Operational Technology Cybersecurity Market by End Use: Mining, Transportation, Manufacturing, Power and Electrical, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Operational Technology Cybersecurity Market by Deployment Type
6.1.2: Growth Opportunities for the Global Operational Technology Cybersecurity Market by End Use
6.1.3: Growth Opportunities for the Global Operational Technology Cybersecurity Market by Region
6.2: Emerging Trends in the Global Operational Technology Cybersecurity Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Operational Technology Cybersecurity Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Operational Technology Cybersecurity Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Broadcom
7.2: Cisco
7.3: Fortinet
7.4: Forcepoint
7.5: Forescout
7.6: Trellix
7.7: Zscaler
7.8: Darktrace
7.9: CyberArk
7.10: BeyondTrust
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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