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Operational Technology Market by Component (Field Devices, Control Systems, Services), Networking Technology (Wired Technology, Wireless Technology), End-User Industry, and Region - Global Forecast to 2022

Operational Technology: Global Forecast until 2022

  • April 2017
  • 234 pages
  • ID: 4837043
In this report:
The market in APAC for metals and mining industry held the largest market size worth USD ##.## million in 2016 and is expected to reach USD ##.## million by 2022, growing at a CAGR of ##.##% between 2017 and 2022.
The market for the medical industry was worth USD ##.## million in 2016 and is expected to reach USD ##.## million by 2022, growing at the highest CAGR of ##.##% between 2017 and 2022.

Summary

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"OT market intended to grow at a significant rate between 2017 and 2022"

The operational technology market is anticipated to rise at a compound annual growth rate (CAGR) of 6.70 percent between 2017 and 2022 and is anticipated to be worth at ~$40.4B by 2022. The main key factors driving the rise of the OT market are the development strategies implemented by the actors operating in the automation ecosystem, including mergers and acquisitions, alliances, and collaborations; growing demand for industrialization in emerging economies; and evolution of IIoT with the increased communication and monitoring of machines. Nevertheless, the main restraining factors for the increase of this market are supply chain disruptions, lack of efficient government initiatives, and so on.

"SCADA systems projected to hold the biggest share of the OT market established on control systems during the estimate period"

The supervisory control and data acquisition systems hold the biggest share in the OT market for control systems. The acceleration in adoption of IoT has rised the use of connected devices, and the industry demand for automation will keep driving the industry for control systems including DCS and SCADA systems. The quick demand for digital transformation has raised the requirements for control systems. Furthermore, IIoT is urging the markets to automate their plant and their production process to benefit a competitive edge over the peers. DCS offers the finest control for regulatory applications and is used for the integration of power measuring devices, drives, and soft starters.

"Wired technology forecasted to hold the biggest share of the global OT market in 2017"

Wired networks are safe and reliable, and hence they continue to be one of the most preferred technology in the industrial organizations. The wired networking technologies which are essential for establishing connectivity among the OT solutions are Industrial Ethernet, Modbus, PROFINET, Foundation Fieldbus, HART, and others (CAN, SDI, and CDE). These are widely used in the end-user market across several process industries including oil and gas, food and beverages, chemical, pharmaceutical, and others.

"OT market in North America (NA) forecasted to grow at the quickest rate during the outlook period"

The OT market in North America continent is anticipated to grow at the quickest rate between 2017 and 2022. North America (NA) is one of the main increase regions for the OT market. A significant number of technology providers as well as new start-up firms are offering their products and solutions to process as well as non-process sectors through system integrators and IT service providers. Different industries including food and beverages, oil and gas, and chemical functional in the area have significantly entered the sector through alliances and collaborations. This development has created a huge increase potential for the OT market in North America continent.

The break-up of the profiles of primary members taking part for the study has been provided below.

• By Company category: Tier 1 = 55.0 percent, Tier 2 = 30.0 percent, and Tier 3 = 15.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 25.0 percent, and Others = 25.0 percent

• By Area: North America (NA) = 35.0 percent, EU = 25.0 percent, Asia-Pac = 30.0 percent, and RoW = 10.0 percent

The top players operating in the OT market are ABB, General Electric (NYSE:GE), Yokogawa Electric, Rockwell Automation (NYSE:ROK), IBM (NYSE:IBM), Oracle Corporation (NYSE:ORCL), SAP SE (SAP), Siemens (SIA), Emerson, Schneider Electric (SU), Huawei Technologies, Accenture, and so on.

Segment Research

The research report on the OT market contains the market split on the basis of following segments: component, networking technology, end-user sector, and territory. The market has been split on the basis of components into field devices, control systems, and services.

On the basis of networking technology, the OT market has been categorized into wired technology and wireless technology. The market has been split on the basis of end-user market into the plan (food and beverages, chemical, oil and gas, energy and power, metals and mining, and others including pulp and paper and pharmaceutical markets) and the non-process (aerospace and defense, automotive, medical, agriculture, and building) sectors. The analysis includes the industry established on four main regions: North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

- Figures of segmentation, review, and estimate for the sector established on component, networking technology, end-user sector, and area have been organized to give an global view of the OT market.

- The value chain study is provided to provide a detailed insight into the OT market.

- The main drivers, market restraints, alternatives, and opportunities for the OT market have been precised in this industry report.

- The market research includes an exhaustive competitive analysis, detailed DIVE review, and revenue of the main actors.

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