Operational Technology Security Market Size, Share & Trends Analysis Report By Type (Service And Solution), By Industry (IT & Telecom, Automotive, Power & Electrical, Manufacturing,), By Region, And Segment Forecasts, 2023 To 2030

Operational Technology (OT) security is the computer system that can automate, monitor, and manage industrial machinery operations by utilizing specific protocols and software. Operational technology security can monitor, manage, and automate the manufacturing and operations of the machinery of power grids, water treatment plants, transportation systems, and manufacturing processes. These systems frequently have a lengthy lifespan, which means they may continue to be used even after their initial design has become obsolete.

The key growth factors driving the need for OT security include the growth of the industrial Internet of Things as the use of connected devices and sensors to gather data and automate processes in industrial settings is growing rapidly. Due to the increase in cyber threats organizations are implementing robust security measures to protect their critical infrastructure companies are setting up the OT security system. In addition to it, digital transformation and technological advancement are the other key growth factors of OT security systems.

The COVID-19 pandemic had a significant impact on the operational technology security market. With the rise of remote work and the increased reliance on digital technology, there has been a surge in demand for OT security solutions. As organizations have shifted to remote work, they had to rely more heavily on digital technologies to maintain business continuity. This has resulted in an increased demand for OT security solutions to protect these digital assets.

In North America, OT security is a significant focus due to the presence of numerous critical infrastructure assets and a mature industrial sector.The Asia Pacific region has seen rapid growth in industrialization and the adoption of digital technologies, leading to an increased focus on OT security.Organizations in the region are deploying security measures like network segmentation, intrusion prevention systems, and security awareness training.

Major players in the operational technology security market are investing heavily in research and development to introduce new and innovative actuators to the market, which are more efficient and reliable. They are also adopting various strategies such as collaboration, merger, product launch, and acquisition. For instance, in March 2023, Optiv Security Inc., An IT service and solution provider organization launched the full suite of operational technology services with an aim to secure critical hardware, systems, and processes for their clients.

Operational Technology SecurityMarket Segmentation

• By Type

  • Service

  • Solution

• By Deployment Type

  • On-Premises

  • Cloud

• By Industry

  • IT & Telecom

  • Automotive

  • Manufacturing

  • Power & Electrical

  • Mining

  • Others (E-Commerce)

Key players

• Cisco Systems, inc.

• Microsoft

• Fortinet, Inc.

• Okta

• Rapid7

• DRAGOS, INC.

• Claroty

• Sophos Ltd.

• Palo Alto Networks

• Darktrace Holdings Limited