According to the most recent analysis by Emergen Research, the size of the global operational technology market was USD 145.60 billion in 2021 and is projected to grow at a revenue CAGR of 6.5% during the forecast period. Increased emphasis on real-time data analytics and predictive maintenance, strategic government initiatives to speed up the adoption of operational technology, the development of machine learning and big data analytics, and the explosive growth of emerging markets, driven by factors like strong industrial growth, are all contributing to the operational technology market’s revenue growth. Hardware and software used to directly monitor and/or control industrial machines, equipment, processes, and events in order to detect or make changes are referred to as operational technology (OT).
The latest and updated research report on the Global Operational Technology Market covers a comprehensive overview of the Operational Technology market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Operational Technology market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Competitive Outlook: The leading companies operating in the Operational Technology market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Operational Technology Market and Profiled in the Report are:
ABB, Siemens, Honeywell International Inc., General Electric, Schneider Electric, Rockwell Automation Inc., Emerson Electric Co., Oracle, IBM, Yokogawa Electric Corporation, and Hitachi, Ltd
Objectives of the Report:
Study of the global Operational Technology market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Operational Technology market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Operational Technology market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Operational Technology market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
- Component Outlook (Revenue, USD Billion; 2019-2030)
- Field Instruments
- Control Systems
- Services
- Networking Technology Outlook (Revenue, USD Billion; 2019-2030)
- Wired
- Wireless
- Industry Outlook (Revenue, USD Billion; 2019-2030)
- Process Industry
- Discrete Industry
- Others
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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