Earlier operational technology was only utilized in industrial control systems for transportation, manufacturing, and utilities, and also the technologies had networking limitations. The conventional mechanically driven operation is now presence replaced by operational technology in the advent of technological advancements in networking and communication. Now, such physical devices are becoming smart and also a growing trend for intelligent operational technologies. Such technologies have offered administrators to perform their tasks remotely and getting work done in real-time.
MARKET DYNAMICS
Increasing demand for smart automation solutions and changing requirements and preferences of customers are some of the major factors driving the growth of the operational technology market. Moreover, an increase in demand for industrialization in emerging economies is anticipated to boost the growth of the operational technology market.
MARKET SCOPE
The Global Operational Technology Market Analysis to 2028? is a specialized and in-depth study of the operational technology market with a special focus on the global market trend analysis. The report aims to provide an overview of operational technology market with detailed market segmentation by component, networking technology, end-user. The global operational technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading operational technology market players and offers key trends and opportunities in the operational technology market.
MARKET SEGMENTATION
The global operational technology market is segmented on the basis of component, networking technology, end-user. On the basis of component, the market is segmented as field devices, control system, services. On the basis of networking technology, the market is segmented as wired technology, wireless technology. On the basis of end user, the market is segmented as food and beverages, energy and power, oil and gas, automotive, medical, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global operational technology market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The operational technology market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting operational technology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the operational technology market in these regions.
MARKET PLAYERS
The reports cover key developments in the operational technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from operational technology market are anticipated to lucrative growth opportunities in the future with the rising demand for operational technology market. Below mentioned is the list of few companies engaged in the operational technology market.
The report also includes the profiles of key operational technology market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Emerson Electric Co.
- General Electric
- Hewlett Packard Enterprise Development LP
- Honeywell International Inc.
- IBM
- NextNine Ltd.
- Siemens AG
- Wipro Limited
- Yokogawa Electric Corporation