PUBLISHER: The Business Research Company | PRODUCT CODE: 1705518
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705518
Operational technology (OT) encompasses a fusion of hardware and software systems employed for monitoring, controlling, and managing physical processes, devices, and infrastructure across various industries. It plays a crucial role in optimizing industrial processes, enhancing efficiency, ensuring safety, and facilitating the automation and digitization of industrial operations.
The primary components of operational technologies comprise control systems and field devices. Control systems are automated systems responsible for managing and regulating the behavior of other systems or processes. These technologies are deployed using wired and wireless connections and are applied across diverse verticals, including oil and gas, food and beverages, energy and power, automotive, and others.
The operational technologies market research report is one of a series of new reports from The Business Research Company that provides operational technologies market statistics, including the operational technologies industry global market size, regional shares, competitors with operational technologies market share, detailed operational technologies market segments, market trends, and opportunities, and any further data you may need to thrive in the operational technologies industry. These operational technologies market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The operational technologies market size has grown rapidly in recent years. It will grow from $182.06 billion in 2024 to $201.09 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to the adoption of automation technologies, cybersecurity concerns, integration of IoT devices, digital transformation, and aging infrastructure.
The operational technologies market size is expected to see rapid growth in the next few years. It will grow to $295.48 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to the growing adoption of edge computing, deployment of 5G networks, continued emphasis on remote access, increasing focus on sustainability, and supply chain resilience. Major trends in the forecast period include the development and adoption of standardized protocols, the rise of digital twins, greater utilization of predictive analytics, open source technologies, and human-centric design.
The growing demand for energy is anticipated to drive the expansion of the operational technologies market in the coming years. Energy refers to the power or electricity required to operate machinery, equipment, and processes, which are essential for manufacturing, production, and operational functions. This demand has risen due to factors such as population growth, urbanization, industrialization, economic development, and technological progress. Operational technologies play a crucial role in modernizing the energy sector by enhancing efficiency, reliability, and sustainability. They optimize operations, integrate renewable energy, and improve grid resilience to meet the evolving demands of the energy market. For example, in 2024, the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, reported that global electricity demand grew by 2.2% in 2023, with an anticipated average annual increase of 3.4% through 2026. Therefore, the rising demand for energy is driving the growth of the operational technologies market.
Leading companies in the operational technologies market are concentrating on developing advanced solutions, such as industrial edge technologies, to improve real-time data processing, boost operational efficiency, and facilitate predictive maintenance. Industrial edge solutions are decentralized computing systems that process data close to its source in industrial settings, allowing for real-time analysis, higher efficiency, and lower latency in manufacturing and operational procedures. For example, in October 2024, Ola Electric Mobility, an India-based electric two-wheeler manufacturer, introduced the Ola Digital Twin platform to transform manufacturing and product development. This platform utilizes cutting-edge technologies like Krutrim AI, simulations, and IoT to create digital replicas of real-world manufacturing environments. The platform enhances manufacturing planning, incorporates generative AI capabilities, enables AI-driven quality inspection, provides thermal simulations for data centers and cooling systems, and integrates with NVIDIA Isaac Sim for virtual robot training. This technology sets a new benchmark for innovation and efficiency in the electric vehicle industry.
In March 2023, Rockwell Automation Inc., a US-based provider of industrial automation and digital transformation technologies, acquired Knowledge Lens for an undisclosed amount. This acquisition aims to boost Rockwell Automation's digital transformation capabilities by unlocking data insights, enabling autonomous manufacturing, and expanding its range of industry-specific solutions. Knowledge Lens Private Limited is an India-based technology firm that delivers big data and AI solutions to help businesses enhance their data consumption and decision-making processes.
Major companies operating in the operational technologies market are Huawei Technologies Co., Ltd., General Electric Co, Accenture Corporation, IBM Corporation, Cisco Systems, Ernst & Young Global Limited, Oracle, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd, Thales Group, Emerson Electric Co., Wipro Limited, Rockwell Automation, Inc., Fortinet, Inc., Yokogawa Electric Corporation, Advantech Co., Ltd., Audubon Companies, Forcepoint LLC, Wunderlich-Malec Engineering, Inc., Gray Matter Systems LLC, iTSM Group, SCADAfence, NTT Ltd.
North America was the largest region in the operational technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operational technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the operational technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The operational technologies market consists of revenues earned by entities by providing services such installation and deployment services, maintenance and support services, and training and education services. The market value includes the value of related goods sold by the service provider or included within the service offering the operational technologies market also includes sales of transmitters, industrial sensors, industrial valves, and actuators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Operational Technologies Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on operational technologies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for operational technologies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The operational technologies market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.