Operational Technology Security Market, By Component (solution and services (Professional Services and Managed Services)), By industry, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Operational technology is used to monitor and control various devices, physical processes, and infrastructure. The OT uses both hardware and software combination to monitor the equipment. There are large numbers of industries which rely upon OT for security; including power generation & electrical, manufacturing, transportation & logistics, *mining, and others.

Market Dynamics

The global operational technology security market is expected to grow significantly during the forecast period. The adoption of advanced technology such as Machine Learning (ML), Artificial intelligence (AI) is a major trend in the global operational technology security market. The companies are rapidly adopting these technologies to reduce the time required to respond to a particular cyber threat. The OT security solution equipped with machine learning and AI are provided with large volume of data base which helps machines to quickly learn and distinguish between various types of security threats such as malware, virus, and others and protect the infrastructure.

Thus, considering the benefits offered by these technologies various key players in the market are integrating ML and AI technologies in their products. For instance, in June 2019, Cyber X, Inc., a U.S.-based software company and subsidiary of Microsoft Corporation, launched Ganymede, an advanced automated threat extraction platform for IoT/ICS/OT solution. The Ganymede integrated with machine learning technology is used to identify malware and Advanced Package Tool (APT).

Key features of the study:

• This report provides in-depth analysis of global operational technology security market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year

• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players

• It profiles leading players in the global operational technology security market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans

• Companies covered as a part of this study include Accenture plc, Belden Inc., Cisco Systems, Inc., Claroty Ltd., CyberX, Cyberbit, Darktrace, Deloitte Touche Tohmatsu Limited, Bayshore Networks, Hitachi Systems Security Inc., Fortinet, Inc., OTORIO Ltd., IBM Corporation, Dragos, Inc., Indegy, IOActive Inc., Kaspersky Lab, Leidos, Thales Group, TUV SUD, Wurldtech Security Technologies Inc., Honeywell International Inc. (NextNine Ltd.), Nozomi Networks Inc., and NCC Group

• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics

• The global operational technology security market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers

• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global operational technology security market

Detailed Segmentation

• Global Operational Technology Security Market, By Component:
• Solution
  • OT Endpoint Security
  • OT Network Segmentation
  • Anomaly Detection
  • Incident Response and Reporting
  • Others
• Services
  • Professional Services
  • Consulting Services
  • Deployment and Implementation Services
  • Other Support Service
• Managed Services
• Global Operational Technology Security Market, By Industry
• Power Generation & Electrical
• Manufacturing
• Transportation & Logistics
• Mining
• Oil & Gas
• Others
• Global Operational Technology Security Market, By Region:
• North America
  • By Component:
  • Solution
  • OT Endpoint Security
  • OT Network Segmentation
  • Anomaly Detection
  • Incident Response and Reporting
  • Others
  • Services
  • Professional Services
  • Consulting Services
  • Deployment and Implementation Services
  • Other Support Service
  • Managed Services
  • By Industry:
  • Power Generation & Electrical
  • Manufacturing
  • Transportation & Logistics
  • Mining
  • Oil & Gas
  • Others
  • By Country:
  • U.S.
  • Canada
• Asia Pacific
  • By Component:
  • Solution
  • OT Endpoint Security
  • OT Network Segmentation
  • Anomaly Detection
  • Incident Response and Reporting
  • Others
  • Services
  • Professional Services
  • Consulting Services
  • Deployment and Implementation Services
  • Other Support Service
  • Managed Services
  • By Industry:
  • Power Generation & Electrical
  • Manufacturing
  • Transportation & Logistics
  • Mining
  • Oil & Gas
  • Others
  • By Country:
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
  • Rest of Asia Pacific
• Europe
  • By Component:
  • Solution
  • OT Endpoint Security
  • OT Network Segmentation
  • Anomaly Detection
  • Incident Response and Reporting
  • Others
  • Services
  • Professional Services
  • Consulting Services
  • Deployment and Implementation Services
  • Other Support Service
  • Managed Services
  • By Industry:
  • Power Generation & Electrical
  • Manufacturing
  • Transportation & Logistics
  • Mining
  • Oil & Gas
  • Others
  • By Country:
  • Germany
  • Italy
  • U.K.
  • France
  • Spain
  • Russia
  • Rest of Europe
• Latin America
  • By Component:
  • Solution
  • OT Endpoint Security
  • OT Network Segmentation
  • Anomaly Detection
  • Incident Response and Reporting
  • Others
  • Services
  • Professional Services
  • Consulting Services
  • Deployment and Implementation Services
  • Other Support Service
  • Managed Services
  • By Industry:
  • Power Generation & Electrical
  • Manufacturing
  • Transportation & Logistics
  • Mining
  • Oil & Gas
  • Others
  • By Country:
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East
  • By Component:
  • Solution
  • OT Endpoint Security
  • OT Network Segmentation
  • Anomaly Detection
  • Incident Response and Reporting
  • Others
  • Services
  • Professional Services
  • Consulting Services
  • Deployment and Implementation Services
  • Other Support Service
  • Managed Services
  • By Industry:
  • Power Generation & Electrical
  • Manufacturing
  • Transportation & Logistics
  • Mining
  • Oil & Gas
  • Others
  • By Country/Region:
  • GCC Countries
  • Israel
  • South Africa
  • Rest of Middle East and Africa
• Company Profiles

1. Accenture plc*

• Company Overview
• Product Portfolio and Specifications
• Financial Performance
• Strategic Overview
• Recent Developments/Updates

2. Belden Inc.

3. Cisco Systems, Inc.

4. Claroty Ltd.

5. CyberX,

6. Cyberbit

7. Darktrace

8. Deloitte Touche Tohmatsu Limited

9. Bayshore Networks

10. Hitachi Systems Security Inc.

11. Fortinet, Inc.

12. OTORIO Ltd.

13. IBM Corporation

14. Dragos, Inc.

15. Indegy,

16. IOActive Inc.

17. Kaspersky Lab

18. Leidos,

19. Thales Group

20. TUV SUD,

21. Wurldtech Security Technologies Inc.

22. Honeywell International Inc. (NextNine Ltd.)

23. Nozomi Networks Inc.

24. NCC Group

"*" marked represents similar segmentation in other categories in the respective section.