Operational Technology

Operational TechnologyGlobal Operational Technology Market to Reach $257.3 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Operational Technology estimated at US$167.7 Billion in the year 2022, is projected to reach a revised size of US$257.3 Billion by 2030, growing at aCAGR of 5.5% over the period 2022-2030. Control System, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$134.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Field Devices segment is readjusted to a revised 5.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $49.1 Billion, While China is Forecast to Grow at 5% CAGR
The Operational Technology market in the U.S. is estimated at US$49.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$44.8 Billion by the year 2030 trailing a CAGR of 5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.Select Competitors (Total 34 Featured) - ABBAccentureAdvantech Co., Ltd.CognizantEmerson Electric Co.FANUC INDIA Private LimitedGeneral Electric CompanyHewlett Packard Enterprise Development LPHoneywell International Inc.Huawei Technologies Co., Ltd.John Wodd Group PLCOracleRockwell Automation, Inc.SCADAfenceSchneider ElectricSiemensWipro LimitedWunderlich-Malec Engineering, Inc.Yokogawa India Ltd.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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