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Operational Technology-Global Market Insights and Sales Trends 2025
Synopsis
Operational Technology is the use of computers to monitor or alter the physical state of a system, such as the control system for a power station or the control network for a rail system.
The global Operational Technology market size is expected to reach US$ 50030 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Operational Technology in various end use industries. The expanding demands from the Food & Beverage, Chemical, Oil & Gas and Automotive, are propelling Operational Technology market. Field Devices, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Control System segment is estimated at % CAGR for the next seven-year period.
Usually environments containing Industrial Control Systems (ICS), such as: supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), Remote Terminal Unit (RTU) and programmable logic controllers (PLC) as well as dedicated networks and organization units. Embedded Systems are also included in the sphere of operational technology (e.g. SMART instrumentation), along with a large subset of scientific data acquisition, control & computing devices. An OT device could be as small as the ecu of a car or as large as the distributed control network for a national electricity grid.
Report Objectives
This report provides market insight on the different segments, by players, by Component, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Operational Technology, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Operational Technology market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Operational Technology market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Operational Technology sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Operational Technology covered in this report include ABB, Siemens, Honeywell, General Electric, Schneider Electric, Rockwell Automation, Yokogawa Electric, Emerson Electric and Advantech, etc.
The global Operational Technology market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Honeywell
General Electric
Schneider Electric
Rockwell Automation
Yokogawa Electric
Emerson Electric
Advantech
Fanuc
Nextnine
Scadafence
Wood Group Mustang
Wunderlich-Malec Engineering
Tesco Controls
SAP
IBM
Cisco Systems
Oracle
Huawei Technologies
Hewlett-Packard Enterprise
NEC Corporation
Cognizant
Accenture
Wipro
Global Operational Technology market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Operational Technology market, Segment by Component:
Field Devices
Control System
Services
Global Operational Technology market, by Application
Food & Beverage
Chemical
Oil & Gas
Automotive
Aerospace & Defense
Medical
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Component, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Operational Technology companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Operational Technology is the use of computers to monitor or alter the physical state of a system, such as the control system for a power station or the control network for a rail system.
The global Operational Technology market size is expected to reach US$ 50030 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Operational Technology in various end use industries. The expanding demands from the Food & Beverage, Chemical, Oil & Gas and Automotive, are propelling Operational Technology market. Field Devices, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Control System segment is estimated at % CAGR for the next seven-year period.
Usually environments containing Industrial Control Systems (ICS), such as: supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), Remote Terminal Unit (RTU) and programmable logic controllers (PLC) as well as dedicated networks and organization units. Embedded Systems are also included in the sphere of operational technology (e.g. SMART instrumentation), along with a large subset of scientific data acquisition, control & computing devices. An OT device could be as small as the ecu of a car or as large as the distributed control network for a national electricity grid.
Report Objectives
This report provides market insight on the different segments, by players, by Component, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Operational Technology, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Operational Technology market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Operational Technology market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Operational Technology sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Operational Technology covered in this report include ABB, Siemens, Honeywell, General Electric, Schneider Electric, Rockwell Automation, Yokogawa Electric, Emerson Electric and Advantech, etc.
The global Operational Technology market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Honeywell
General Electric
Schneider Electric
Rockwell Automation
Yokogawa Electric
Emerson Electric
Advantech
Fanuc
Nextnine
Scadafence
Wood Group Mustang
Wunderlich-Malec Engineering
Tesco Controls
SAP
IBM
Cisco Systems
Oracle
Huawei Technologies
Hewlett-Packard Enterprise
NEC Corporation
Cognizant
Accenture
Wipro
Global Operational Technology market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Operational Technology market, Segment by Component:
Field Devices
Control System
Services
Global Operational Technology market, by Application
Food & Beverage
Chemical
Oil & Gas
Automotive
Aerospace & Defense
Medical
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Component, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Operational Technology companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Operational Technology
1.1 Operational Technology Market Overview
1.1.1 Operational Technology Product Scope
1.1.2 Operational Technology Market Status and Outlook
1.2 Global Operational Technology Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Operational Technology Market Size by Region (2018-2029)
1.4 Global Operational Technology Historic Market Size by Region (2018-2023)
1.5 Global Operational Technology Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Operational Technology Market Size (2018-2029)
1.6.1 North America Operational Technology Market Size (2018-2029)
1.6.2 Europe Operational Technology Market Size (2018-2029)
1.6.3 Asia-Pacific Operational Technology Market Size (2018-2029)
1.6.4 Latin America Operational Technology Market Size (2018-2029)
1.6.5 Middle East & Africa Operational Technology Market Size (2018-2029)
2 Operational Technology Market by Component
2.1 Introduction
2.1.1 Field Devices
2.1.2 Control System
2.1.3 Services
2.2 Global Operational Technology Market Size by Component: 2018 VS 2022 VS 2029
2.2.1 Global Operational Technology Historic Market Size by Component (2018-2023)
2.2.2 Global Operational Technology Forecasted Market Size by Component (2024-2029)
2.3 Key Regions Market Size by Component
2.3.1 North America Operational Technology Revenue Breakdown by Component (2018-2029)
2.3.2 Europe Operational Technology Revenue Breakdown by Component (2018-2029)
2.3.3 Asia-Pacific Operational Technology Revenue Breakdown by Component (2018-2029)
2.3.4 Latin America Operational Technology Revenue Breakdown by Component (2018-2029)
2.3.5 Middle East and Africa Operational Technology Revenue Breakdown by Component (2018-2029)
3 Operational Technology Market Overview by Application
3.1 Introduction
3.1.1 Food & Beverage
3.1.2 Chemical
3.1.3 Oil & Gas
3.1.4 Automotive
3.1.5 Aerospace & Defense
3.1.6 Medical
3.1.7 Others
3.2 Global Operational Technology Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Operational Technology Historic Market Size by Application (2018-2023)
3.2.2 Global Operational Technology Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Operational Technology Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Operational Technology Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Operational Technology Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Operational Technology Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Operational Technology Revenue Breakdown by Application (2018-2029)
4 Operational Technology Competition Analysis by Players
4.1 Global Operational Technology Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Operational Technology as of 2022)
4.3 Date of Key Players Enter into Operational Technology Market
4.4 Global Top Players Operational Technology Headquarters and Area Served
4.5 Key Players Operational Technology Product Solution and Service
4.6 Competitive Status
4.6.1 Operational Technology Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Operational Technology Products, Services and Solutions
5.1.4 ABB Operational Technology Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Siemens
5.2.1 Siemens Profile
5.2.2 Siemens Main Business
5.2.3 Siemens Operational Technology Products, Services and Solutions
5.2.4 Siemens Operational Technology Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens Recent Developments
5.3 Honeywell
5.3.1 Honeywell Profile
5.3.2 Honeywell Main Business
5.3.3 Honeywell Operational Technology Products, Services and Solutions
5.3.4 Honeywell Operational Technology Revenue (US$ Million) & (2018-2023)
5.3.5 General Electric Recent Developments
5.4 General Electric
5.4.1 General Electric Profile
5.4.2 General Electric Main Business
5.4.3 General Electric Operational Technology Products, Services and Solutions
5.4.4 General Electric Operational Technology Revenue (US$ Million) & (2018-2023)
5.4.5 General Electric Recent Developments
5.5 Schneider Electric
5.5.1 Schneider Electric Profile
5.5.2 Schneider Electric Main Business
5.5.3 Schneider Electric Operational Technology Products, Services and Solutions
5.5.4 Schneider Electric Operational Technology Revenue (US$ Million) & (2018-2023)
5.5.5 Schneider Electric Recent Developments
5.6 Rockwell Automation
5.6.1 Rockwell Automation Profile
5.6.2 Rockwell Automation Main Business
5.6.3 Rockwell Automation Operational Technology Products, Services and Solutions
5.6.4 Rockwell Automation Operational Technology Revenue (US$ Million) & (2018-2023)
5.6.5 Rockwell Automation Recent Developments
5.7 Yokogawa Electric
5.7.1 Yokogawa Electric Profile
5.7.2 Yokogawa Electric Main Business
5.7.3 Yokogawa Electric Operational Technology Products, Services and Solutions
5.7.4 Yokogawa Electric Operational Technology Revenue (US$ Million) & (2018-2023)
5.7.5 Yokogawa Electric Recent Developments
5.8 Emerson Electric
5.8.1 Emerson Electric Profile
5.8.2 Emerson Electric Main Business
5.8.3 Emerson Electric Operational Technology Products, Services and Solutions
5.8.4 Emerson Electric Operational Technology Revenue (US$ Million) & (2018-2023)
5.8.5 Emerson Electric Recent Developments
5.9 Advantech
5.9.1 Advantech Profile
5.9.2 Advantech Main Business
5.9.3 Advantech Operational Technology Products, Services and Solutions
5.9.4 Advantech Operational Technology Revenue (US$ Million) & (2018-2023)
5.9.5 Advantech Recent Developments
5.10 Fanuc
5.10.1 Fanuc Profile
5.10.2 Fanuc Main Business
5.10.3 Fanuc Operational Technology Products, Services and Solutions
5.10.4 Fanuc Operational Technology Revenue (US$ Million) & (2018-2023)
5.10.5 Fanuc Recent Developments
5.11 Nextnine
5.11.1 Nextnine Profile
5.11.2 Nextnine Main Business
5.11.3 Nextnine Operational Technology Products, Services and Solutions
5.11.4 Nextnine Operational Technology Revenue (US$ Million) & (2018-2023)
5.11.5 Nextnine Recent Developments
5.12 Scadafence
5.12.1 Scadafence Profile
5.12.2 Scadafence Main Business
5.12.3 Scadafence Operational Technology Products, Services and Solutions
5.12.4 Scadafence Operational Technology Revenue (US$ Million) & (2018-2023)
5.12.5 Scadafence Recent Developments
5.13 Wood Group Mustang
5.13.1 Wood Group Mustang Profile
5.13.2 Wood Group Mustang Main Business
5.13.3 Wood Group Mustang Operational Technology Products, Services and Solutions
5.13.4 Wood Group Mustang Operational Technology Revenue (US$ Million) & (2018-2023)
5.13.5 Wood Group Mustang Recent Developments
5.14 Wunderlich-Malec Engineering
5.14.1 Wunderlich-Malec Engineering Profile
5.14.2 Wunderlich-Malec Engineering Main Business
5.14.3 Wunderlich-Malec Engineering Operational Technology Products, Services and Solutions
5.14.4 Wunderlich-Malec Engineering Operational Technology Revenue (US$ Million) & (2018-2023)
5.14.5 Wunderlich-Malec Engineering Recent Developments
5.15 Tesco Controls
5.15.1 Tesco Controls Profile
5.15.2 Tesco Controls Main Business
5.15.3 Tesco Controls Operational Technology Products, Services and Solutions
5.15.4 Tesco Controls Operational Technology Revenue (US$ Million) & (2018-2023)
5.15.5 Tesco Controls Recent Developments
5.16 SAP
5.16.1 SAP Profile
5.16.2 SAP Main Business
5.16.3 SAP Operational Technology Products, Services and Solutions
5.16.4 SAP Operational Technology Revenue (US$ Million) & (2018-2023)
5.16.5 SAP Recent Developments
5.17 IBM
5.17.1 IBM Profile
5.17.2 IBM Main Business
5.17.3 IBM Operational Technology Products, Services and Solutions
5.17.4 IBM Operational Technology Revenue (US$ Million) & (2018-2023)
5.17.5 IBM Recent Developments
5.18 Cisco Systems
5.18.1 Cisco Systems Profile
5.18.2 Cisco Systems Main Business
5.18.3 Cisco Systems Operational Technology Products, Services and Solutions
5.18.4 Cisco Systems Operational Technology Revenue (US$ Million) & (2018-2023)
5.18.5 Cisco Systems Recent Developments
5.19 Oracle
5.19.1 Oracle Profile
5.19.2 Oracle Main Business
5.19.3 Oracle Operational Technology Products, Services and Solutions
5.19.4 Oracle Operational Technology Revenue (US$ Million) & (2018-2023)
5.19.5 Oracle Recent Developments
5.20 Huawei Technologies
5.20.1 Huawei Technologies Profile
5.20.2 Huawei Technologies Main Business
5.20.3 Huawei Technologies Operational Technology Products, Services and Solutions
5.20.4 Huawei Technologies Operational Technology Revenue (US$ Million) & (2018-2023)
5.20.5 Huawei Technologies Recent Developments
5.21 Hewlett-Packard Enterprise
5.21.1 Hewlett-Packard Enterprise Profile
5.21.2 Hewlett-Packard Enterprise Main Business
5.21.3 Hewlett-Packard Enterprise Operational Technology Products, Services and Solutions
5.21.4 Hewlett-Packard Enterprise Operational Technology Revenue (US$ Million) & (2018-2023)
5.21.5 Hewlett-Packard Enterprise Recent Developments
5.22 NEC Corporation
5.22.1 NEC Corporation Profile
5.22.2 NEC Corporation Main Business
5.22.3 NEC Corporation Operational Technology Products, Services and Solutions
5.22.4 NEC Corporation Operational Technology Revenue (US$ Million) & (2018-2023)
5.22.5 NEC Corporation Recent Developments
5.23 Cognizant
5.23.1 Cognizant Profile
5.23.2 Cognizant Main Business
5.23.3 Cognizant Operational Technology Products, Services and Solutions
5.23.4 Cognizant Operational Technology Revenue (US$ Million) & (2018-2023)
5.23.5 Cognizant Recent Developments
5.24 Accenture
5.24.1 Accenture Profile
5.24.2 Accenture Main Business
5.24.3 Accenture Operational Technology Products, Services and Solutions
5.24.4 Accenture Operational Technology Revenue (US$ Million) & (2018-2023)
5.24.5 Accenture Recent Developments
5.25 Wipro
5.25.1 Wipro Profile
5.25.2 Wipro Main Business
5.25.3 Wipro Operational Technology Products, Services and Solutions
5.25.4 Wipro Operational Technology Revenue (US$ Million) & (2018-2023)
5.25.5 Wipro Recent Developments
6 North America
6.1 North America Operational Technology Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Operational Technology Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Operational Technology Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Operational Technology Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Operational Technology Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Operational Technology Market Dynamics
11.1 Operational Technology Industry Trends
11.2 Operational Technology Market Drivers
11.3 Operational Technology Market Challenges
11.4 Operational Technology Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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