operational technologies market analysis, operational technologies market size, operational technologies market industry, operational technologies market share, operational technologies market growth, operational technologies market trends
How much is the operational technologies market worth, and how is it expected to expand?
The operational technologies market size has grown rapidly in recent years. It will grow from $182.06 billion in 2024 to $201.09 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to the adoption of automation technologies, cybersecurity concerns, integration of IoT devices, digital transformation, and aging infrastructure.
The operational technologies market size is expected to see rapid growth in the next few years. It will grow to $295.48 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to the growing adoption of edge computing, deployment of 5G networks, continued emphasis on remote access, increasing focus on sustainability, and supply chain resilience. Major trends in the forecast period include the development and adoption of standardized protocols, the rise of digital twins, greater utilization of predictive analytics, open source technologies, and human-centric design.
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What are the key drivers behind the rapid expansion of the operational technologies market?
The increase in demand for energy is expected to propel the growth of the operational technologies market going forward. Energy refers to the power or electricity needed to operate machinery, equipment, and processes, which are crucial for manufacturing, production, and operational activities. The demand for energy increased due to population growth, urbanization, industrialization, economic development, and technological advancements. Operational technologies play a vital role in modernizing the energy industry, improving efficiency, reliability, and sustainability by optimizing operations, integrating renewable energy, and enhancing grid resilience to meet the energy market’s evolving demands. For instance, in 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, In 2023, global electricity demand grew by 2.2%, with expectations for an average annual increase of 3.4% through 2026. Therefore, an increase in demand for energy is driving the growth of the operational technologies market.
What is the segmentation for the operational technologies market?
The operational technologies market covered in this report is segmented –
1) By Component: Control Systems, Field Devices
2) By Technology: Wired, Wireless
3) By Vertical: Oil And Gas, Food And Beverages, Energy And Power, Automotive, Other Verticals
Subsegments:
1) By Control Systems: Supervisory Control And Data Acquisition (SCADA) Systems, Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Human Machine Interface (HMI), Safety Instrumented Systems (SIS), Automation Controllers
2) By Field Devices: Sensors, Actuators, Valves, Transmitters, Relays
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Who are the most influential companies in the operational technologies market?
Major companies operating in the operational technologies market are Huawei Technologies Co., Ltd., General Electric Co, Accenture Corporation, IBM Corporation, Cisco Systems, Ernst & Young Global Limited, Oracle, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Thales Group, Emerson Electric Co., Wipro Limited, Rockwell Automation, Inc., Fortinet, Inc., Yokogawa Electric Corporation, Advantech Co., Ltd., Audubon Companies, Forcepoint LLC, Wunderlich-Malec Engineering, Inc., Gray Matter Systems LLC, iTSM Group, SCADAfence, NTT Ltd.
What are the most influential trends expected to drive the operational technologies market forward?
Major companies operating in the operational technologies market are focusing on developing technologically advanced solutions, such as industrial edge solutions to enhance real-time data processing, improve operational efficiency, and enable predictive maintenance. Industrial edge solutions refer to decentralized computing systems that process data at or near the source of generation in industrial environments, enabling real-time analysis, improved efficiency, and reduced latency in manufacturing and operational processes. For instance, in October 2024, Ola Electric Mobility, an India-based electric two-wheeler manufacturer, launched the Ola Digital Twin platform to revolutionize manufacturing processes and product development. The platform uses advanced technologies like Krutrim AI, simulations, and IoT to create digital replicas of real-world manufacturing environments. This technology offers enhanced manufacturing planning, generative AI capabilities, AI-driven quality inspection, thermal simulations for data centers and cooling systems, and integration with NVIDIA Isaac Sim for virtual robot training. This platform sets a new standard for efficiency and innovation in the electric vehicle industry.
What are the major regional insights for the operational technologies market, and which region holds the top position?
North America was the largest region in the operational technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operational technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Operational Technologies Market Report 2025 Offer?
The operational technologies market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Operational technology (OT) refers to a combination of hardware and software systems used to monitor, control, and manage physical processes, devices, and infrastructure in various industries. It is critical to optimizing industrial processes, improving efficiency, ensuring safety, and enabling the automation and digitization of industrial operations.
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