Global Operational Technology Market Analysis 2022
The Global Operational Technology Market is expected to reach $265.64 billion by 2028 growing at a CAGR of 8.4% from 2021 to 2028. Operational technology systems are hardware and software that detect the cause of change through direct monitoring using a physical device. Operational technology keeps factories, power plants, facility equipment, machines, and others running.
Factors such as the surging adoption of Industry 4.0 and increasing government involvement in supporting industrial automation are driving the growth of the market. However, high installation and maintenance costs are restraining the growth of the market.
Based on component, the control systems segment is going to have a lucrative growth during the forecast period due to the significant shift in consumer purchasing behavior resulting in the increased implementation of real-time warehouse management software solutions for efficient order processing, picking, packaging, and shipment tracking, and route planning.
The key vendors mentioned are Hewlett Packard Enterprise Development LP, Yokogawa India Ltd., Wipro Limited, Siemens, Accenture, Rockwell Automation, Inc., Oracle, John Wodd Group PLC, Huawei Technologies Co., Ltd., Advantech Co., Ltd., General Electric Company, FANUC INDIA Private Limited, Emerson Electric Co., Cognizant, Honeywell International Inc., ABB and Schneider Electric.
Offerings Covered:
- Software/Platform
- Hardware
Networking Technologies Covered:
Types Covered:
Deployments Covered:
Components Covered:
- Control Systems
- Human-Machine Interface
Organization Sizes Covered:
- Small and Medium Size Business
- Large Enterprise
End Users Covered:
- Water and Wastewater
- Utilities
- Transportation and Logistics
- Agriculture
- Semiconductor & Electronics
- Pulp & Paper
- Automotive
- Oil & Gas
- Metals & Mining
- Healthcare and Medical Devices
- Construction
- Machine Manufacturing
- Life Sciences
- Food & Beverages
- Energy & Power
- Marine and Ports
- Chemicals
- Building and Infrastructure
- Telecommunications
- Pharmaceuticals
- Aerospace & Defense
Regions Covered:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Key Questions Answered in this Report:
- How this market evolved since the year 2020
- Market size estimations, forecasts and CAGR for all the segments presented in the scope
- Key Market Developments and financials of the key players
- Opportunity Analysis for the new entrants
- SWOT Analysis of the key players
- Fastest growing markets analyzed during the forecast period
- 1 Market Synopsis
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- 2 Research Outline
- 2.1 Research Snapshot
- 2.2 Research Methodology
- 2.3 Research Sources
- 2.3.1 Primary Research Sources
- 2.3.2 Secondary Research Sources
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- 3 Market Dynamics
- 3.1 Drivers
- 3.2 Restraints
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- 4 Market Environment
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
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- 5 Global Operational Technology Market, By Offering
- 5.1 Introduction
- 5.2 Software/Platform
- 5.3 Hardware
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- 6 Global Operational Technology Market, By Networking Technology
- 6.1 Introduction
- 6.2 Wireless
- 6.3 Wired
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- 7 Global Operational Technology Market, By Type
- 7.1 Introduction
- 7.2 Services
- 7.3 Field Devices
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- 8 Global Operational Technology Market, By Deployment
- 8.1 Introduction
- 8.2 On Premise
- 8.3 Hybrid
- 8.4 Cloud
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- 9 Global Operational Technology Market, By Component
- 9.1 Introduction
- 9.2 Control Systems
- 9.3 Human-Machine Interface
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- 10 Global Operational Technology Market, By Organization Size
- 10.1 Introduction
- 10.2 Small and Medium Size Business
- 10.3 Large Enterprise
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- 11 Global Operational Technology Market, By End User
- 11.1 Introduction
- 11.2 Water and Wastewater
- 11.3 Utilities
- 11.4 Transportation and Logistics
- 11.5 Agriculture
- 11.6 Semiconductor & Electronics
- 11.7 Pulp & Paper
- 11.8 Automotive
- 11.9 Oil & Gas
- 11.10 Metals & Mining
- 11.11 Healthcare and Medical Devices
- 11.12 Construction
- 11.13 Machine Manufacturing
- 11.14 Life Sciences
- 11.15 Food & Beverages
- 11.16 Energy & Power
- 11.17 Marine and Ports
- 11.18 Chemicals
- 11.19 Building and Infrastructure
- 11.20 Telecommunications
- 11.21 Pharmaceuticals
- 11.22 Aerospace & Defense
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- 12 Global Operational Technology Market, By Geography
- 12.1 Introduction
- 12.2 North America
- 12.3 Europe
- 12.4 Asia Pacific
- 12.5 South America
- 12.6 Middle East & Africa
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- 13 Strategic Benchmarking
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- 14 Vendors Landscape
- 14.1 Hewlett Packard Enterprise Development LP
- 14.2 Yokogawa India Ltd.
- 14.3 Wipro Limited
- 14.4 Siemens
- 14.5 Accenture
- 14.6 Rockwell Automation, Inc.
- 14.7 Oracle
- 14.8 John Wodd Group PLC
- 14.9 Huawei Technologies Co., Ltd.
- 14.10 Advantech Co., Ltd.
- 14.11 General Electric Company
- 14.12 FANUC INDIA Private Limited
- 14.13 Emerson Electric Co.
- 14.14 Cognizant
- 14.15 Honeywell International Inc.
- 14.16 ABB
- 14.17 Schneider Electric
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- List of Data Tables
- Table 1 Global Operational Technology Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Operational Technology Market Outlook, By Offering (2020-2028) ($MN)
- Table 3 Global Operational Technology Market Outlook, By Software/Platform (2020-2028) ($MN)
- Table 4 Global Operational Technology Market Outlook, By Hardware (2020-2028) ($MN)
- Table 5 Global Operational Technology Market Outlook, By Networking Technology (2020-2028) ($MN)
- Table 6 Global Operational Technology Market Outlook, By Wireless (2020-2028) ($MN)
- Table 7 Global Operational Technology Market Outlook, By Wired (2020-2028) ($MN)
- Table 8 Global Operational Technology Market Outlook, By Type (2020-2028) ($MN)
- Table 9 Global Operational Technology Market Outlook, By Services (2020-2028) ($MN)
- Table 10 Global Operational Technology Market Outlook, By Field Devices (2020-2028) ($MN)
- Table 11 Global Operational Technology Market Outlook, By Deployment (2020-2028) ($MN)
- Table 12 Global Operational Technology Market Outlook, By On Premise (2020-2028) ($MN)
- Table 13 Global Operational Technology Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 14 Global Operational Technology Market Outlook, By Cloud (2020-2028) ($MN)
- Table 15 Global Operational Technology Market Outlook, By Component (2020-2028) ($MN)
- Table 16 Global Operational Technology Market Outlook, By Control Systems (2020-2028) ($MN)
- Table 17 Global Operational Technology Market Outlook, By Human-Machine Interface (2020-2028) ($MN)
- Table 18 Global Operational Technology Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 19 Global Operational Technology Market Outlook, By Small and Medium Size Business (2020-2028) ($MN)
- Table 20 Global Operational Technology Market Outlook, By Large Enterprise (2020-2028) ($MN)
- Table 21 Global Operational Technology Market Outlook, By End User (2020-2028) ($MN)
- Table 22 Global Operational Technology Market Outlook, By Water and Wastewater (2020-2028) ($MN)
- Table 23 Global Operational Technology Market Outlook, By Utilities (2020-2028) ($MN)
- Table 24 Global Operational Technology Market Outlook, By Transportation and Logistics (2020-2028) ($MN)
- Table 25 Global Operational Technology Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 26 Global Operational Technology Market Outlook, By Semiconductor & Electronics (2020-2028) ($MN)
- Table 27 Global Operational Technology Market Outlook, By Pulp & Paper (2020-2028) ($MN)
- Table 28 Global Operational Technology Market Outlook, By Automotive (2020-2028) ($MN)
- Table 29 Global Operational Technology Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 30 Global Operational Technology Market Outlook, By Metals & Mining (2020-2028) ($MN)
- Table 31 Global Operational Technology Market Outlook, By Healthcare and Medical Devices (2020-2028) ($MN)
- Table 32 Global Operational Technology Market Outlook, By Construction (2020-2028) ($MN)
- Table 33 Global Operational Technology Market Outlook, By Machine Manufacturing (2020-2028) ($MN)
- Table 34 Global Operational Technology Market Outlook, By Life Sciences (2020-2028) ($MN)
- Table 35 Global Operational Technology Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 36 Global Operational Technology Market Outlook, By Energy & Power (2020-2028) ($MN)
- Table 37 Global Operational Technology Market Outlook, By Marine and Ports (2020-2028) ($MN)
- Table 38 Global Operational Technology Market Outlook, By Chemicals (2020-2028) ($MN)
- Table 39 Global Operational Technology Market Outlook, By Building and Infrastructure (2020-2028) ($MN)
- Table 40 Global Operational Technology Market Outlook, By Telecommunications (2020-2028) ($MN)
- Table 41 Global Operational Technology Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 42 Global Operational Technology Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
- Table 43 North America Operational Technology Market Outlook, By Offering (2020-2028) ($MN)
- Table 44 North America Operational Technology Market Outlook, By Networking Technology (2020-2028) ($MN)
- Table 45 North America Operational Technology Market Outlook, By Type (2020-2028) ($MN)
- Table 46 North America Operational Technology Market Outlook, By Deployment (2020-2028) ($MN)
- Table 47 North America Operational Technology Market Outlook, By Component (2020-2028) ($MN)
- Table 48 North America Operational Technology Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 49 North America Operational Technology Market Outlook, By End User (2020-2028) ($MN)
- Table 50 Europe Operational Technology Market Outlook, By Offering (2020-2028) ($MN)
- Table 51 Europe Operational Technology Market Outlook, By Networking Technology (2020-2028) ($MN)
- Table 52 Europe Operational Technology Market Outlook, By Type (2020-2028) ($MN)
- Table 53 Europe Operational Technology Market Outlook, By Deployment (2020-2028) ($MN)
- Table 54 Europe Operational Technology Market Outlook, By Component (2020-2028) ($MN)
- Table 55 Europe Operational Technology Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 56 Europe Operational Technology Market Outlook, By End User (2020-2028) ($MN)
- Table 57 Asia Pacific Operational Technology Market Outlook, By Offering (2020-2028) ($MN)
- Table 58 Asia Pacific Operational Technology Market Outlook, By Networking Technology (2020-2028) ($MN)
- Table 59 Asia Pacific Operational Technology Market Outlook, By Type (2020-2028) ($MN)
- Table 60 Asia Pacific Operational Technology Market Outlook, By Deployment (2020-2028) ($MN)
- Table 61 Asia Pacific Operational Technology Market Outlook, By Component (2020-2028) ($MN)
- Table 62 Asia Pacific Operational Technology Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 63 Asia Pacific Operational Technology Market Outlook, By End User (2020-2028) ($MN)
- Table 64 South America Operational Technology Market Outlook, By Offering (2020-2028) ($MN)
- Table 65 South America Operational Technology Market Outlook, By Networking Technology (2020-2028) ($MN)
- Table 66 South America Operational Technology Market Outlook, By Type (2020-2028) ($MN)
- Table 67 South America Operational Technology Market Outlook, By Deployment (2020-2028) ($MN)
- Table 68 South America Operational Technology Market Outlook, By Component (2020-2028) ($MN)
- Table 69 South America Operational Technology Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 70 South America Operational Technology Market Outlook, By End User (2020-2028) ($MN)
- Table 71 Middle East & Africa Operational Technology Market Outlook, By Offering (2020-2028) ($MN)
- Table 72 Middle East & Africa Operational Technology Market Outlook, By Networking Technology (2020-2028) ($MN)
- Table 73 Middle East & Africa Operational Technology Market Outlook, By Type (2020-2028) ($MN)
- Table 74 Middle East & Africa Operational Technology Market Outlook, By Deployment (2020-2028) ($MN)
- Table 75 Middle East & Africa Operational Technology Market Outlook, By Component (2020-2028) ($MN)
- Table 76 Middle East & Africa Operational Technology Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 77 Middle East & Africa Operational Technology Market Outlook, By End User (2020-2028) ($MN)
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