According to Stratistics MRC, the Global Operational Technology Market is accounted for $151.04 billion in 2021 and is expected to reach $267.37 billion by 2028 growing at a CAGR of 8.5% during the forecast period.
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Operational technology is a category of hardware and software that monitors and controls how physical devices perform. An important feature of operational technology is the ability to monitor and control physical devices remotely. Operational Technology has become a common, crucial element of critical infrastructure systems since it is widely used in power plants, refineries, nuclear plants, etc. Earlier was only used in industrial control systems for manufacturing, transportation, and utilities, and also the technologies had networking limitations. The conventional operational technology which was only used in industrial control systems is now being replaced by operational technology with the technological advancements in communication and networking resulting in the emergence of the trend for smart operational technologies. This has provided administrators to perform their tasks remotely within the network and get work done in the real-time.
Some of the key players profiled in the Operational Technology Market include ABB, Accenture, Advantech Co., Ltd., Cognizant, Emerson Electric Co., FANUC INDIA Private Limited, General Electric Company, Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huawei Technologies Co., Ltd., John Wodd Group PLC, Oracle, Rockwell Automation, Inc., SCADAfence, Schneider Electric, Siemens, Wipro Limited, Wunderlich-Malec Engineering, Inc., Yokogawa India Ltd.
Types Covered:
• Field Devices
• Control System
• Services
Offerings Covered:
• Hardwar
• Software/Platform
Networking Technology Covered:
• Wired
• Wireless
Deployments Covered:
• On Premise
• Cloud
• Hybrid
Organization Sizes Covered:
• Large Enterprise
• Small and Medium Size Business
Components Covered:
• Human- Machine Interface
• Control Systems
End Users Covered:
• Process Industry
• Discrete Industry
• Utilities
• Telecommunications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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