Operational Technology Market 2022-2028

Description

List of Tables

Global Operational Technology Market Size, Share & Trends Analysis Report by Components (Human-Machine Interface and Control Systems), by Networking Technology (Wired and Wireless), and by Industry (Process Industry and Discrete Industry) Forecast Period (2022-2028)

The global operational technology market is anticipated to grow at a substantial CAGR during the forecast period. Operational technology is popularly used in industrial control systems that can be deployed anywhere including power stations paper industries, and others. The growth of the global operational technology market during the forecast period can be attributed to the increasing government involvement in supporting industrial automation as well as the growing emphasis on regulatory compliances. For instance, in September 2021, the Ministry of Electronics & Information Technology initiated National Mission of Power Electronics Technology (NaMPET) at CDAC, Thiruvananthapuram to deploy and commercialize power electronics technology.

The global operational technology market is segmented based on components, networking technology and industry. Based on the component, the market is sub-segmented into the human-machine interface (industrial valves, transmitters, industrial sensors, actuators) and control systems (SCADA, PAM, MES, WMS, DCS, HMI, functional safety). Based on the networking technology, the market is sub-segmented into wired and wireless. Based on the industry, the market is sub-segmented into process industry (oil & gas, food & beverages, pharmaceuticals, chemicals, energy & power, metals & mining, pulp & paper and others) and discrete industry (automotive, aerospace & defense, semiconductor & electronics, medical devices, machine manufacturing and others). Among the industry segment, the process industry is expected to cater considerable CAGR over the forecast period owing to the rise in integration of operational technology across the supply chain.

Geographically, the global operational technology market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is expected to hold considerable share in the market due to the growing demand for automation in industries and the increased adoption of industry 4.0 in the region. Furthermore, North America is the second-highest region to hold the market share due to the increasing adoption of advanced technologies in the countries such as the US and Canada in the region.

The major companies serving the global operational technology market include ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric, Siemens AG, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, and geographical expansion, to stay competitive in the market. For instance, in October 2021, Schneider Electric launched EcoStruxure Automation Expert Version 21.2. It is used to manage the automation lifecycle of the water & wastewater industry.

Research Methodology

The market study of the global operational technology Market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Operational Technology Market research and analysis by Components.

2. Global Operational Technology Market Research and Analysis by Networking Technology.

3. Global Operational Technology Market Research and Analysis by Industry.

The Report Covers:

Comprehensive Research Methodology of the global operational technology market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global operational technology market.
Insights about market determinants that are stimulating the global operational technology market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026451

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Operational Technology Market
Recovery Scenario of Global Operational Technology Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. ABB Ltd.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Honeywell International Inc.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Rockwell Automation Inc.
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Schneider Electric
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Siemens AG
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Operational Technology Market by Component
- 4.1.1. Human-Machine Interface
- 4.1.2. Control Systems
4.2. Global Operational Technology Market by Networking Technology
- 4.2.1. Wired
- 4.2.2. Wireless
4.3. Global Operational Technology Market by Industry
- 4.3.1. Process Industry
- 4.3.2. Discrete Industry

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Emerson Electric Co.
6.2. Fuji Electric Co., Ltd.
6.3. General Electric
6.4. Hitachi, Ltd.
6.5. HOLLYSYS
6.6. Mitsubishi Electric Corp.
6.7. IBM Corp.
6.8. Oracle Corp.
6.9. Omron Corp.
6.10. Yokogawa Electric Corp.