Operational Technology (OT) Security Market

Report Code TC 8139

Published in Apr, 2025, By MarketsandMarkets™

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Operational Technology (OT) Security Market by Offering (Solutions and Services), Deployment Mode (On-premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical (Manufacturing, Oil & Gas, and Energy & Power) - Global Forecast to 2030

USD 50.29 BN

MARKET SIZE, 2030

CAGR 16.5%

(2025-2030)

454

REPORT PAGES

541

MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The operational technology (OT) security market is projected to reach USD 50.29 billion by 2030 from USD 23.47 billion in 2025, at a CAGR of 16.5% from 2025 to 2030. Operational Technology (OT) security focuses on protecting Industrial Internet of Things (IIoT) devices, networks, and systems used in industrial operations. As organizations increasingly adopt connected sensors and smart equipment, the number of cyber threat entry points grows. This drives demand for advanced OT security solutions that enable continuous monitoring, threat detection, and data protection. Integrating AI and analytics further strengthens defenses, ensuring data integrity, system reliability, and uninterrupted operations across manufacturing, energy, and critical infrastructure sectors.

KEY TAKEAWAYS

BY OFFERING

The solutions segment dominates, encompassing Security Information and Event Management (SIEM), Asset Discovery & Management, Network Security, Vulnerability Management, and Identity & Access Management (IAM), ensuring real-time threat detection, visibility, and protection of industrial assets. The services segment also contributes to market growth by offering support for consulting & integration, training & development and maintenance of OT security infrastructures across industries.
BY DEPLOYMENT MODE

On-premises OT security solutions remain preferred in large industrial enterprises and critical infrastructure sectors for enhanced control, compliance, and operational reliability, whereas cloud-based OT security solutions are witnessing faster growth due to scalability, cost efficiency, and support for remote monitoring and management of distributed industrial assets.
BY ORGANIZATION SIZE

Large enterprises drive major revenue in the OT security market through comprehensive security architectures and strict compliance requirements, while SMEs exhibit higher CAGR growth by adopting cost-effective managed and cloud-based OT security solutions to mitigate increasing cyber threats.
BY VERTICAL

Manufacturing leads demand in the OT security market due to the need to protect industrial operations and ensure production continuity, followed by oil & gas (distribution) for securing critical infrastructure and operational assets, and then energy & power (generation) to safeguard power plants and ensure reliable energy supply.
BY REGION

The OT security market spans North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is the largest market, driven by advanced industrial infrastructure, strict regulatory compliance, and significant investments in cybersecurity solutions. Meanwhile, Asia Pacific is expected to achieve the highest CAGR, fueled by rapid industrialization, growing adoption of Industrial IoT devices, and increasing focus on securing critical manufacturing and energy operations.
COMPETITIVE LANDSCAPE

Major market players in OT security have pursued both organic and inorganic strategies, including partnerships, acquisitions, and technological investments. For example, Fortinet (US), Forcepoint (US), Cisco (US), and Tenable (US) have engaged in collaborations and solution enhancements to address the growing demand for robust OT security, ensuring protection of industrial operations, critical infrastructure, and connected assets across manufacturing, energy, oil & gas, and other sectors.

The OT security market is witnessing significant growth, driven by the rapid expansion of Industrial Internet of Things (IIoT) devices and the rising need to protect critical infrastructure from cyber threats. As industries integrate connected equipment and smart systems, risks to operational continuity and data integrity increase. Adoption of advanced OT security frameworks across transportation & logistics, manufacturing, energy & power, oil & gas, and other sectors is accelerating, supported by AI-driven analytics, regulatory compliance, and growing investments in industrial cybersecurity.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The figure highlights the evolving revenue landscape and client priorities in the OT security market. Currently, revenue is driven by traditional industrial security solutions such as SIEM, network security, and asset management, while advanced AI-driven OT security solutions, vulnerability management, and IAM solutions are gaining traction. Over the next 4–5 years, growth is expected to shift toward integrated, scalable OT security platforms. Key sectors including Manufacturing, Oil & Gas, Energy & Power, Transportation & Logistics, and others are focusing on operational continuity, data integrity, regulatory compliance, and protection of critical industrial assets.

Operational Technology Security Market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers

Impact
Level

Increase in threats to OT environment
Convergence of OT and IT networks

RESTRAINTS

Impact
Level

High procurement costs
Interoperability and standardization challenges

OPPORTUNITIES

Impact
Level

Increase in adoption of AI-powered security solutions
Need for secure OT networks

CHALLENGES

Impact
Level

Lack of trained security analysts
Lack of awareness about OT security techniques

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Increase in threats to OT environment

Increase in threats to OT environments is one of the main drivers of the OT security market. The integration of IT and OT systems has improved efficiency but also exposed industrial networks to malware, ransomware, and targeted attacks. High-profile incidents, such as the 2023 Mumbai power grid ransomware attack, highlight risks to operations and assets. Growing digitalization and stricter regulatory requirements are prompting organizations to strengthen OT security measures and protect critical infrastructure.

Restraint: High procurement costs

High procurement costs are a major restraint in the OT security market. Implementing robust OT security solutions demands significant investment in time, money, and expertise, often deterring SMEs. The complexity of OT environments, legacy systems, and compliance requirements adds to the challenge. Security measures like IAM, DDoS mitigation, IDPS, multi-factor authentication, and network segmentation further increase expenses, making it essential for organizations to prioritize critical assets and invest strategically.

Opportunity: Increase in adoption of AI-powered security solutions

Increase in adoption of AI-powered security solutions presents a significant opportunity in the OT security market. AI enables real-time threat detection, automated response, and predictive maintenance by analyzing large volumes of OT data. It improves system visibility, identifies vulnerabilities, and helps prioritize defenses. As AI solutions become more affordable, adoption is rising across industries, offering vendors opportunities to provide tailored AI-driven OT security tools that enhance resilience, streamline operations, and reduce costs.

Challenge: Lack of trained security analysts

Lack of trained security analysts is a major challenge in the OT security market. As OT systems become more interconnected, the demand for skilled professionals with expertise in industrial control systems and cybersecurity has surged. Many countries, including Japan and the UK, face a shortage of qualified personnel, leaving critical infrastructure vulnerable. Organizations can address this gap by investing in training and upskilling programs to build in-house expertise for effective OT security management.

Operational Technology Security Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY	USE CASE DESCRIPTION	BENEFITS
	The California Water and Wastewater District implemented Fortinet’s FortiGate NGFWs and FortiSwitches integrated via FortiLink to regain network control and enhance security after facing restricted access from a third-party integrator.	Achieved centralized management, improved visibility, and enhanced OT security, enabling faster troubleshooting, stronger network protection, and safer operations for the district.
	An international plastics manufacturer deployed Radiflow’s iSID and iSAP solutions to enhance OT visibility and detect threats after a cyberattack on one of its sites. The centralized iCEN dashboard enabled unified monitoring and control across facilities.	Achieved real-time threat detection, centralized management, and enhanced OT security, improving operational efficiency and driving expansion of Radiflow’s solutions across global sites.
	California Dairies Inc. partnered with Zscaler to migrate to a secure cloud environment, implementing Zero Trust App Access, Privileged Remote Access for OT, and Zero Trust for IoT/OT.	Enabled secure cloud migration, enhanced access control, and reduced reliance on legacy hardware, improving operational efficiency and simplifying IT/OT management.
	Hauraki District Council implemented Darktrace ActiveAI to secure IT/OT environments and manage third-party access with autonomous detection and AI-driven alerts.	Achieved 24/7 monitoring, faster threat response, autonomous isolation of suspicious devices, reduced alert fatigue, and ensured continuous protection of critical infrastructure.
	A Mexican mining giant deployed Keysight’s Flex TAPs and Vision NPBs to capture and distribute OT/IT network traffic, eliminating blind spots and enhancing overall OT security.	Enabled comprehensive OT visibility, effective threat detection, and reliable monitoring, supporting the client’s cybersecurity program and enhancing protection across critical mining operations.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The OT security ecosystem involves a comprehensive set of solutions and services designed to protect industrial control systems and critical infrastructure. Solutions include network security, endpoint protection, threat detection and response, and Security Information and Event Management (SIEM) tailored for OT environments. Services encompass risk assessments, managed security services, incident response, and compliance consulting. Together, these components safeguard OT systems against evolving cyber threats, ensure regulatory compliance, and maintain uninterrupted operations across sectors like manufacturing, energy & power, oil & gas, and transportation & logistics.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Operational Technology (OT) Security Market, By Offering

The solutions segment is expected to hold the largest market share in 2025 in the OT security market, driven by the rising need to protect industrial control systems and critical infrastructure. By offering network security, endpoint protection, threat detection and response, and SIEM tailored for OT environments, solution providers help organizations across manufacturing, energy & power, oil & gas, and transportation & logistics ensure operational continuity, regulatory compliance, and protection against cyber threats.

Operational Technology (OT) Security Market, By Deployment Mode

On-premises deployment is expected to hold a significant market share in 2025, in the OT security market, driven by the rising need for control, data privacy, and regulatory compliance in industrial environments. On-premises OT security solutions offer robust protection for critical infrastructure, enable real-time monitoring, and ensure secure management of industrial control systems, helping organizations maintain operational continuity and effectively mitigate cyber threats.

Operational Technology (OT) Security Market, By Organization Size

Large enterprises is expected to dominate the OT Security Market in 2025, driven by the rising need to secure complex industrial operations and meet strict regulatory requirements. They adopt comprehensive OT security solutions, including network security, endpoint protection, threat detection, and SIEM, to ensure operational continuity, protect critical assets, and mitigate evolving cyber threats, strengthening overall industrial resilience.

Operational Technology (OT) Security Market, By Vertical

By vertical, manufacturing is expected to hold the largest market share in 2025 in the OT security market, driven by the rising need to protect industrial operations, ensure production continuity, and safeguard critical assets from cyber threats. The adoption of advanced OT security solutions, including network security, endpoint protection, threat detection, and SIEM, enables manufacturers to enhance operational resilience, comply with regulatory requirements, and mitigate risks associated with increasingly connected industrial environments.

REGION

Asia Pacific to be fastest-growing region in global operational technology (OT) security market during forecast period

The Asia Pacific OT security market is expected to register the highest CAGR during the forecast period, driven by rapid industrialization, escalating cyber threats, growing digitalization of industrial processes, increasing adoption of Industrial IoT devices, and rising cybersecurity investments. Organizations across the region are deploying advanced OT security solutions, including network security, endpoint protection, threat detection, and SIEM, to protect critical infrastructure, ensure operational continuity, and comply with evolving regulatory requirements.

Operational Technology Security Market Region

Operational Technology Security Market: COMPANY EVALUATION MATRIX

In the OT security market matrix, Tenable (Star) leads with a strong market share and comprehensive solutions for vulnerability management and threat detection. Forescout (Emerging Leader) is gaining traction with specialized OT security offerings and strategic partnerships. While Tenable dominates through scale and portfolio breadth, Forescout has strong potential to move into the leaders' quadrant as demand for robust OT security grows.

Operational Technology Security Market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC	DETAILS
Market Size in 2024 (Value)	USD 20.29 Billion
Market Forecast in 2030 (Value)	USD 50.29 Billion
Growth Rate	CAGR of 16.5% from 2025-2030
Years Considered	2019-2030
Base Year	2024
Forecast Period	2025-2030
Units Considered	Value (USD Million/Billion)
Report Coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered	By Offering: Solution Service By Deployment Mode: Cloud On-premises By Organization Size: SMEs Large Enterprises By Vertical: Transportation & Logistics Manufacturing Energy & Power Oil & Gas Other Verticals
Regions Covered	North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

WHAT IS IN IT FOR YOU: Operational Technology Security Market REPORT CONTENT GUIDE

Operational Technology Security Market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST	CUSTOMIZATION DELIVERED	VALUE ADDS
Additional segments - OT network security and OT asset management	Conducted in-depth opportunity analysis specifically for OT network security and OT asset management segments, identifying market size, adoption trends, and emerging technology areas.	Provided actionable insights on growth potential, competitive landscape, and key trends, enabling the client to focus on high-opportunity segments with targeted strategies.
Additional countries in Europe	Provided country-level analysis for USA, Canada, Finland, Sweden, Benelux, UK, Spain, Portugal, Denmark, Norway, France, Austria, Switzerland, Italy, Rest of Europe, and APAC, covering market size, trends, competitive landscape, and forecasts.	Enabled precise regional strategy by identifying market opportunities, competitor positioning, and country-specific growth drivers for informed decision-making.
By components (Hardware, Software)	Segmented the OT security market into hardware and software components, analyzing revenue, adoption rates, and technology trends for each category.	Highlighted component-wise market share, investment opportunities, and key growth drivers, helping prioritize resource allocation and product development strategies.
Additional segments - direct sales vs channel sales	Analyzed the OT security market based on sales channels, comparing direct versus channel sales performance, adoption patterns, and revenue contributions.	Delivered insights on channel effectiveness, revenue trends, and strategic opportunities to optimize sales approach and enhance overall market penetration.
KSA customization for OT Security	Customized the OT security market analysis specifically for KSA, Including trends, market sizing, company profiles, key players, adoption trends, regulatory factors, and growth forecasts.	Provided a detailed understanding of the local market, enabling tailored strategies, partnerships, and actionable recommendations for OT security in the KSA market.

RECENT DEVELOPMENTS

February 2025 : Check Point partnered with leading cloud security provider Wiz to address the growing challenges enterprises face securing hybrid cloud environments. This collaboration bridges the longstanding gap between cloud network security and Cloud Native Application Protection (CNAPP) through a deep technological integration and strategic business alliance, delivering an industry-leading unified, holistic security solution.
January 2025 : Tenable has signed a definitive agreement to acquire Vulcan Cyber, an exposure management innovator. Vulcan Cyber's capabilities will be integrated into Tenable's platform, improving customers' ability to consolidate security exposures, prioritize risks, and streamline remediation across their entire attack surface.
July 2024 : CyberKnight signed partnership with Forescout to offer complete asset intelligence and control across IT, OT and IoT. This collaboration aimed to provide organizations in the META region with comprehensive asset intelligence and control across their entire digital estate, especially as they adopt cloud environments
March 2024 : C-DOT and PRL collaborated to integrate C-DOT's fiber-based Operational Technology (OT) Security (OT security) system with PRL's free-space OT security system, establishing India's first end-to-end quantum communication link using both fiber and free-space as transport mediums.
April 2023 : Trellix launched Trellix Endpoint Security Suite. Trellix Endpoint Security Suite's products and advanced capabilities empowered Security Operations Center (SOC) analysts with superior visibility and control in a single pane of glass to proactively secure all endpoints.

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE

PAGE NO

INTRODUCTION

RESEARCH METHODOLOGY

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW AND INDUSTRY TRENDS

Navigating OT security: AI, smart infrastructure, and regulatory shifts drive market transformation.

5.1

INTRODUCTION

5.2

MARKET DYNAMICS

5.2.1

DRIVERS

5.2.1.1

INCREASED THREATS TO OT ENVIRONMENTS

5.2.1.2

STRINGENT GOVERNMENT REGULATIONS RELATED TO OT SYSTEMS ADOPTION

5.2.1.3

CONVERGENCE OF OT AND IT NETWORKS

5.2.1.4

NEED FOR SECURE OT NETWORKS

5.2.2

RESTRAINTS

5.2.2.1

HIGH PROCUREMENT COSTS

5.2.2.2

EMERGING CHALLENGES RELATED TO MAINTENANCE AND UPGRADES

5.2.2.3

INTEROPERABILITY AND STANDARDIZATION CHALLENGES

5.2.3

OPPORTUNITIES

5.2.3.1

INCREASING ADOPTION OF AI-POWERED SECURITY SOLUTIONS

5.2.3.2

TECHNOLOGICAL ADVANCEMENTS IN CYBERSECURITY

5.2.3.3

DIGITAL TRANSFORMATION ACROSS ORGANIZATIONS

5.2.3.4

RISING DEMAND FOR INDUSTRY 4.0 AND SMART INFRASTRUCTURE

5.2.4

CHALLENGES

5.2.4.1

LACK OF TRAINED SECURITY ANALYSTS

5.2.4.2

LACK OF AWARENESS ABOUT OT SECURITY TECHNIQUES

5.2.4.3

COMPLEXITY PERTAINING TO OT ENVIRONMENTS

5.3

EVOLUTION OF OPERATIONAL TECHNOLOGY SECURITY

5.4

ECOSYSTEM ANALYSIS

5.5

VALUE CHAIN ANALYSIS

5.5.1

PROVIDERS OF OT SECURITY SOLUTIONS AND TOOLS

5.5.2

SERVICE PROVIDERS

5.5.3

SYSTEM INTEGRATORS

5.5.4

RETAIL/DISTRIBUTION

5.5.5

END USERS

5.6

TECHNOLOGY ANALYSIS

5.6.1

KEY TECHNOLOGIES

5.6.1.1

NETWORK SECURITY

5.6.1.2

ENDPOINT SECURITY

5.6.1.3

IDENTITY AND ACCESS MANAGEMENT (IAM)

5.6.2

COMPLEMENTARY TECHNOLOGIES

5.6.2.1

SECURITY INFORMATION AND EVENT MANAGEMENT (SIEM)

5.6.2.2

VULNERABILITY MANAGEMENT

5.6.3

ADJACENT TECHNOLOGIES

5.6.3.1

ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML)

5.6.3.2

BLOCKCHAIN

5.6.3.3

INTERNET OF THINGS (IOT)

5.7

REGULATORY LANDSCAPE

5.7.1

REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.7.2

KEY REGULATIONS

5.7.2.1

PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI–DSS)

5.7.2.2

HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA)

5.7.2.3

FEDERAL INFORMATION SECURITY MANAGEMENT ACT (FISMA)

5.7.2.4

GRAMM-LEACH-BLILEY ACT (GLBA)

5.7.2.5

CALIFORNIA’S PRIVACY RIGHTS ACT (CPRA)

5.7.2.6

ISO 27001

5.7.2.7

GENERAL DATA PROTECTION REGULATION

5.7.2.8

SARBANES-OXLEY ACT

5.7.2.9

SOC 2

5.8

PATENT ANALYSIS

5.9

PRICING ANALYSIS

5.9.1

AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOLUTION TYPE

5.9.2

INDICATIVE PRICING ANALYSIS OF KEY OT SECURITY VENDORS, BY OFFERING

5.10

PORTER’S FIVE FORCES ANALYSIS

5.10.1

THREAT OF NEW ENTRANTS

5.10.2

THREAT OF SUBSTITUTES

5.10.3

BARGAINING POWER OF SUPPLIERS

5.10.4

BARGAINING POWER OF BUYERS

5.10.5

INTENSITY OF COMPETITIVE RIVALRY

5.11

KEY STAKEHOLDERS AND BUYING CRITERIA

5.11.1

KEY STAKEHOLDERS IN BUYING PROCESS

5.11.2

BUYING CRITERIA

5.12

OPERATIONAL TECHNOLOGY SECURITY ATTACKS, 2023–2024

5.13

CASE STUDIES

5.13.1

CALIFORNIA WATER AND WASTEWATER DISTRICT LEVERAGED FORTINET SOLUTIONS FOR BETTER NETWORK MANAGEMENT

5.13.2

INTERNATIONAL PLASTICS MANUFACTURER IMPROVED OT VISIBILITY AND REDUCED RISK

5.13.3

ZSCALER HELPED CALIFORNIA DAIRIES TRANSITION TO CLOUD-BASED ENVIRONMENT

5.13.4

HAURAKI DISTRICT COUNCIL SECURES CRITICAL INFRASTRUCTURE AND MANAGES THIRD-PARTY RISK WITH DARKTRACE AI

5.13.5

KEYSIGHT ENABLES COMPREHENSIVE OT SECURITY FOR MEXICAN MINING LEADER

5.14

TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS

5.15

KEY CONFERENCES AND EVENTS, 2025–2026

5.16

INVESTMENT AND FUNDING SCENARIO, 2021-2024

5.17

NIST FRAMEWORK

5.17.1

INTRODUCTION TO NIST FRAMEWORK

5.17.2

IDENTITY

5.17.3

PROTECT

5.17.4

DEFEND

5.17.5

DETECT

5.17.6

RESPOND & RECOVER

5.18

OPERATIONAL TECHNOLOGY SECURITY MARKET: TECHNOLOGY ROADMAP

5.19

BUSINESS MODELS OF OPERATIONAL TECHNOLOGY SECURITY

5.19.1

MANAGED SECURITY SERVICES (MSS)

5.19.2

SECURITY AND SOLUTIONS

5.19.3

SECURITY CONSULTING

5.20

IMPACT OF AI/GENERATIVE AI ON OPERATIONAL TECHNOLOGY SECURITY MARKET

5.20.1

USE CASES OF GENERATIVE AI IN OPERATIONAL TECHNOLOGY SECURITY

5.20.2

IMPACT OF GENERATIVE AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS

5.20.2.1

ENHANCED THREAT DETECTION AND RESPONSE ACROSS IT/OT BOUNDARIES

5.20.2.2

SECURING THE EXPANDING ATTACK SURFACE OF IIOT AND SMART INFRASTRUCTURE

5.20.2.3

STRENGTHENING SUPPLY CHAIN SECURITY IN OT

5.20.2.4

ADDRESSING THE IT/OT SKILLS GAP THROUGH AI AUGMENTATION

5.20.2.5

IMPACT ON ADJACENT CYBERSECURITY MARKETS

5.20.2.6

EVOLVING THREAT LANDSCAPE

IMPACT OF 2025 US TARIFF – OPERATIONAL TECHNOLOGY SECURITY MARKET

US tariffs reshape global OT security market, driving regional price spikes and strategic adaptations.

111

6.1

INTRODUCTION

6.2

KEY TARIFF RATES

6.3

PRICE IMPACT ANALYSIS

6.4

IMPACT ON COUNTRY/REGION

6.4.1

NORTH AMERICA

6.4.2

6.4.3

CANADA

6.4.4

MEXICO

6.4.5

MARKET CHALLENGES:

6.4.6

MITIGATION MEASURES:

6.4.7

EUROPE

6.4.8

GERMANY

6.4.9

FRANCE

6.4.10

6.4.11

MARKET CHALLENGES:

6.4.12

MITIGATION MEASURES:

6.4.13

ASIA PACIFIC

6.4.14

CHINA

6.4.15

INDIA

6.4.16

AUSTRALIA

6.4.17

MARKET CHALLENGES:

6.4.18

MITIGATION MEASURES:

6.5

IMPACT ON END-USE INDUSTRIES

OPERATIONAL TECHNOLOGY SECURITY MARKET, BY OFFERING

Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 34 Data Tables

117

7.1

INTRODUCTION

7.1.1

OFFERING: OPERATIONAL TECHNOLOGY SECURITY MARKET DRIVERS

7.2

SOLUTIONS

7.2.1

SECURITY INFORMATION & EVENT MANAGEMENT (SIEM)

7.2.1.1

GROWTH IN THREAT LANDSCAPE TARGETING INDUSTRIAL SYSTEMS TO DRIVE DEMAND

7.2.2

ASSET DISCOVERY & MANAGEMENT

7.2.2.1

INCREASINGLY INTERCONNECTED AND DIGITIZED OT ENVIRONMENTS TO DRIVE DEMAND

7.2.3

NETWORK SECURITY

7.2.3.1

NEED TO PROTECT CRITICAL INFRASTRUCTURE TO DRIVE DEMAND

7.2.4

VULNERABILITY MANAGEMENT

7.2.4.1

INCREASING CONNECTIVITY AND DIGITIZATION OF INDUSTRIAL PROCESSES TO DRIVE DEMAND

7.2.5

IDENTITY & ACCESS MANAGEMENT (IAM)

7.2.5.1

NEED TO PREVENT UNAUTHORIZED ACCESS TO CRITICAL OT ASSETS TO DRIVE DEMAND

7.2.6

DATA SECURITY

7.2.6.1

NEED TO PROTECT SENSITIVE OT DATA WHILE ENSURING OPERATIONAL CONTINUITY, SAFETY, AND REGULATORY COMPLIANCE TO DRIVE DEMAND

7.2.7

Methodology

This study involved estimating the current operation technology (OT) security market size. Exhaustive secondary research was carried out to collect information on the OT security industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the size of the segments and subsegments of the OT security market.

Secondary Research

The market for companies providing OT security solutions and services was determined by analyzing secondary data from both paid and unpaid sources. This included reviewing the product portfolios of major companies in the ecosystem and evaluating their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases.

In the secondary research process, various secondary sources were referred to to identify and collect information related to the study. Secondary sources included annual reports, press releases, and investor presentations of OT security vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain essential information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the OT security market.

After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also undertaken to identify the segmentation types, industry trends, competitive landscape of OT security solutions offered by various market players, and fundamental market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.

In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

Operational Technology (OT) Security Market Size, and Share

Note: The companies have been categorized based on their total annual revenue; tier 1 companies = revenue greater
than USD 10 billion; tier 2 companies = revenue between USD 1 billion
and USD 10 billion; tier 3 companies = revenue between USD 500 million and USD 1 billion.
Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the OT security market and the size of various other dependent sub-segments in the overall OT security market. The research methodology used to estimate the market size included the following details: key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, with extensive interviews conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives.

All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis from MarketsandMarkets.

Operational Technology (OT) Security Market : Top-Down and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

According to MnM, OT is the use of hardware and software to monitor, detect, and control physical devices, processes, and events in enterprises. OT security includes a broad array of security solutions, such as NGFWs, IAM, and SIEM, among others, which are used to protect people, physical assets, processes, and information.

Stakeholders

Government bodies and public safety agencies
Project managers
Developers
Business analysts
Quality assurance (QA)/test engineers
OT security specialists
OT security solution and service providers
Consulting firms
Third-party vendors
Investors and venture capitalists
System integrators (SIs)
Technology providers

Report Objectives

To define, describe, and forecast the OT security market based on offering, deployment mode, organization size, vertical, and region
To forecast the market size of the five main regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
To profile the key players of the market and comprehensively analyze their market size and core competencies.
To track and analyze competitive developments, such as product launches, mergers & acquisitions, partnerships, agreements, and collaborations in the OT security market

Available Customizations

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Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
Further breakup of the North American market into countries contributing 75% to the regional market size
Further breakup of the Latin American market into countries contributing 75% to the regional market size
Further breakup of the Middle Eastern and African market into countries contributing 75% to the regional market size
Further breakup of the European market into countries contributing 75% to the regional market size

METHODOLOGY

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Operational Technology (OT) Security Market

Operational Technology (OT) Security Market by Offering (Solutions and Services), Deployment Mode (On-premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical (Manufacturing, Oil & Gas, and Energy & Power) - Global Forecast to 2030

OVERVIEW

KEY TAKEAWAYS

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

MARKET DYNAMICS

Driver: Increase in threats to OT environment

Restraint: High procurement costs

Opportunity: Increase in adoption of AI-powered security solutions

Challenge: Lack of trained security analysts

Operational Technology Security Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

MARKET ECOSYSTEM

MARKET SEGMENTS

Operational Technology (OT) Security Market, By Offering

Operational Technology (OT) Security Market, By Deployment Mode

Operational Technology (OT) Security Market, By Organization Size

Operational Technology (OT) Security Market, By Vertical

REGION

Asia Pacific to be fastest-growing region in global operational technology (OT) security market during forecast period

Operational Technology Security Market: COMPANY EVALUATION MATRIX

KEY MARKET PLAYERS

MARKET SCOPE

WHAT IS IN IT FOR YOU: Operational Technology Security Market REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

RECENT DEVELOPMENTS

Table of Contents

Methodology

Secondary Research

Primary Research

Market Size Estimation

Operational Technology (OT) Security Market : Top-Down and Bottom-Up Approach

Data Triangulation

Market Definition

Stakeholders

Report Objectives

Available Customizations

Geographic Analysis as per Feasibility

Company Information

TABLE OF CONTENTS

METHODOLOGY

KEY QUESTIONS (FAQ)

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Growth opportunities and latent adjacency in Operational Technology (OT) Security Market