Operational Technology Market Share, Key Market Players, Trends & Forecast, 2030

1. Operational Technology Market Size Worth USD 256.63 Billion in 2030 www.emergenresearch.com Market Size – USD 145.60 Billion in 2021, Market Growth – at a CAGR of 6.5%, Market Trends – Revenue growth in the operational technology market is driven by an increasing focus on real-time data analytics and predictive maintenance, strategic government initiatives to accelerate the adoption of operational technology, the development of machine learning and big data analytics, and rapid growth driven by emerging markets driven by factors such as strong industrial growth.

2. Industries We Cater to Food & Beverages Foods & Beverage, Food Ingredients, Food Processing and Equipment, Food Testing and Supply Chain, Health Food and Sports Nutrition, Frozen and Processed Food, Household, Retail Power & Energy Oil and Gas, Electricity, Energy Storage, Environmental, Renewable Energy Automotive Services Information and Tech Electric and Hybrid Vehicles, Off Highway and On Highway Vehicles, Aftermarket and Maintenance, Automotive Parts, Interior and Exterior Materials, Automotive electronics and Systems Data Security, Cloud Computing, IoT and Digitalization, Robotics, Telecom and Networking, Software and Services, Analytics, Semiconductor, Internet and E-Commerce www.emergenresearch.com Pharma & Healthcare Materials and Chemicals Medical Devices, Therapeutics, Biotechnology, Medical Imaging, Healthcare IT, Hospital Management, Diagnostics, Laboratory Equipment, Pharmaceutical Organic Chemicals, Disinfectants and Preservatives, Adhesives and Sealants, Polymers and Resins, Petrochemicals, Agrochemicals and Fertilizers, Paints and Coatings 5

3. Market Summary The global Operational Technology Market size was USD 145.60 Billionin 2021 and is expected to register a revenue CAGR of 6.5% during the forecast period, according to latest analysis by Emergen Research. Revenue growth in the operational technology market is driven by an increasing focus on real-time data analytics and predictive maintenance, strategic government initiatives to accelerate the adoption of operational technology, the development of machine learning and big data analytics, and rapid growth driven by emerging markets driven by factors such as strong industrial growth. Operational Technology (OT) refers to hardware and software used to directly monitor and/or control industrial machines, equipment, processes, and events to identify or implement changes. The concept of OT has gained wide acceptance in recent years as a means of explaining the technical and functional differences that exist between traditional his OT systems and the industrial control system environment. These systems include distributed control systems, remote terminal units, supervisory controls, programmable logic controllers, and data acquisition and related methods, along with highly specialized communication systems and classified management structures, usually, used in most configurations. Read More : https://www.emergenresearch.com/industry-report/operational-technology-market www.emergenresearch.com

4. Market Summary Some Key Highlights from the Report Based on component type, the global operational technology market is segmented into field instruments, control systems, and services. The control systems segment accounted for a large share of sales in 2021. Human Machine Interface (HMI) software provides a graphical user interface for operating machines in industrial and process control. His two main categories of human-machine interface software are machine programs and supervisory programs. A SCADA monitoring plane is process control software that collects information from sensors on the factory floor and sends it for analysis to a central computer designed for use in a control room environment. The Asia-Pacific market accounted for the largest share of sales in 2021. Asia-Pacific countries have created frameworks at the national level to recognize the potential of Industry 4.0 and prepare business institutions to improve productivity and resilience. Operator investments in ubiquitous 4G networks and continued investments in 5G are critical to the region's ability to provide high-quality connectivity. Asia-Pacific countries range from technologically advanced countries with high manufacturing costs to technologically advanced countries with low labor costs and low productivity. Some major companies in the global Operational technology market report include ABB, Siemens, Honeywell International Inc., General Electric, Schneider Electric, Rockwell Automation Inc., Emerson Electric Co., Oracle, IBM, Yokogawa Electric Corporation, and Hitachi, Ltd. Request Free Sample @ https://www.emergenresearch.com/request-sample/1387 www.emergenresearch.com

5. Market Summary • Emergen Research has segmented the global Operational technology market based on component, networking technology, industry insights, and region: • Component Outlook (Revenue, USD Million; 2019-2030) • Field Instruments • Control Systems • Services • Networking Technology Outlook (Revenue, USD Million; 2019-2030) • Wired • Wireless • Industry Outlook (Revenue, USD Million; 2019-2030) • Process Industry • Discrete Industry • Others • Request customization @ https://www.emergenresearch.com/request-for-customization/1387

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