Operational Technology Market Report: Trends, Forecast and Competitive Analysis to 2030

Operational Technology Trends and Forecast

The future of the global operational technology market looks promising with opportunities in the process and discrete markets. The global operational technology market is expected to reach an estimated $230.2 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are growing trend of industry 4.0, increasing focus on optimum utilization of resources, and rising demand of real-time data analysis and predictive maintenance.

A more than 150-page report is developed to help in your business decisions.

Operational Technology by Segment

The study includes a forecast for the global operational technology by component, networking technology, end use industry, and region

Operational Technology Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Human-Machine Interface
• Control Systems

Operational Technology Market by Networking Technology [Shipment Analysis by Value from 2018 to 2030]:

• Wired
• Wireless

Operational Technology Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Process Industry
• Discrete Industry

Operational Technology 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 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 companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the operational technology companies profiled in this report include-

• ABB
• Siemens
• Schneider Electric
• Rockwell Automation
• Honeywell International
• Emerson Electric
• IBM
• General Electric

Operational Technology Market Insights

Lucintel forecasts that control systems is expected to witness higher growth over the forecast period.

Within this market, process industry is expected to witness higher growth due to its ability to enhance resource utilization, minimize downtime, and enables data-driven decision making.

APAC is expected to witness higher growth over the forecast period due to the growing trend of automation in vearious end use industries along with rising adoption of industry 4.0, smart factory, IOT, and IIOT technologies in the region.

Features of the Global Operational Technology Market

Market Size Estimates: Operational technology 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 market size by component, networking technology, end use industry, and region in terms of value ($B).

Regional Analysis: Operational technology market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, networking technologies, end use industries, and regions for the operational technology market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the operational technology market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the operational technology market size?

Answer: The global operational technology market is expected to reach an estimated $230.2 billion by 2030.

Q.2 What is the growth forecast for operational technology market?

Answer: The global operational technology market is expected to grow with a CAGR of 5.7% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the operational technology market?

Answer: The major drivers for this market are growing trend of industry 4.0, increasing focus on optimum utilization of resources, and rising demand of real-time data analysis and predictive maintenance.

Q4. What are the major segments for operational technology market?

Answer: The future of the operational technology market looks promising with opportunities in the process industry, and discrete industry markets.

Q5. Who are the key operational technology market companies?

Answer: Some of the key operational technology companies are as follows:

• ABB
• Siemens
• Schneider Electric
• Rockwell Automation
• Honeywell International
• Emerson Electric
• IBM
• General Electric

Q6. Which operational technology market segment will be the largest in future?

Answer: Lucintel forecasts that control systems is expected to witness higher growth over the forecast period.

Q7. In operational technology market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness higher growth over the forecast period due to the growing trend of automation in vearious end use industries along with rising adoption of industry 4.0, smart factory, IOT, and IIOT technologies in the 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 market by component (human-machine interface and control systems), networking technology (wired and wireless), end use industry (process industry and discrete industry), 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?