Overview and Scope
An operations command center (OCC) is a centralized facility or location where organizations monitor, manage, and control their operations. The purpose of an OCC is to provide a comprehensive overview of the organization’s activities, enabling efficient and effective decision-making, rapid response to incidents, and continuous operational oversight.
Sizing and Forecast
The operations command center market size has grown strongly in recent years. It will grow from $29.74 billion in 2023 to $32.21 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased demand for real-time monitoring, a growing need for risk management, rising security concerns, economic growth, and the complexity of operations.
The operations command center market size is expected to see strong growth in the next few years. It will grow to $44.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to a rising focus on security and emergency response capabilities, the globalization of businesses, the growing need for risk management, the expansion of smart city initiatives, and the and the growing need for disaster recovery solutions. Major trends in the forecast period include adoption of AI and machine learning, integration of IoT devices, growth in cloud-based solutions, enhancements in data visualization tools, and an and an emphasis on cybersecurity measures.
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Segmentation & Regional Insights
The operations command center market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Application: Public Safety And Security, Transportation Management, Utilities Management, Industrial Management, Business Application, Other Applications
3) By End User: Utility Sector, Transportation Sector, Industrial Sector, Data Centers, Colocation Facilities, Other End Users
North America was the largest region in the operations command center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the operations command center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing threats of cybercrime and security breaches are expected to propel the growth of the operations command center market going forward. Cybercrimes and security breaches pose significant threats to organizations, necessitating robust cybersecurity measures and vigilant monitoring to protect sensitive data and maintain operational integrity. The growing threats of cybercrime and security breaches are due to increasingly sophisticated attacks and the expanding digital footprint of organizations. An operations command center helps mitigate the ever-increasing threats of cybercrime and security breaches by providing centralized monitoring, real-time threat detection, and coordinated incident response. For instance, in February 2023, according to Check Point Software Technologies Ltd., a US-based provider of cyber security solutions to corporate enterprises and governments., cyberattacks increased by 38% in 2022 compared to the previous year, with organizations experiencing an average of 1,168 weekly attacks. Therefore, the growing threats of cybercrime and security breaches will drive the growth of the operations command center market.
Key Industry Players
Major companies operating in the operations command center market are Microsoft Corporation, Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, Lockheed Martin Corporation, General Electric Company, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., ABB Ltd, Hewlett Packard Enterprise Company, Fujitsu Limited, Tata Consultancy Services Limited (TCS), Telefonaktiebolaget LM Ericsson (Ericsson), NEC Corporation, Thales Group, Atos SE, Motorola Solutions Inc., Hexagon AB, Rockwell Collins Inc., Saab AB, Harris Corporation, Everbridge Inc
The operations command center market report table of contents includes:
1. Executive Summary
2. Operations Command Center Market Characteristics
3. Operations Command Center Market Trends And Strategies
4. Operations Command Center Market – Macro Economic Scenario
5. Global Operations Command Center Market Size and Growth
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32. Global Operations Command Center Market Competitive Benchmarking
33. Global Operations Command Center Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Operations Command Center Market
35. Operations Command Center Market Future Outlook and Potential Analysis
36. Appendix
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