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Get PDF with Technological trends at https://www.xpodenceresearch.com/Request-Sample/105589 nnXpodence Research has added New Report â€œGlobal Operational Technology Market Research Report, Growth (2018)â€ Forecast to its research database.nnObtain Browser with technological advancement at https://www.xpodenceresearch.com/Reports/Operational-Technology-Market
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Operational technology can be defined as the hardware and software used to detect or cause changes in physical
processes via direct monitoring or physical devices control such as valves, pumps, etc. It is the usage of computers to
monitor the physical state of a system, such as the control network for a rail system and control system for a power
Major Key Players:
The major companies that provide operational technology solutions include Emerson, Accenture, ABB Ltd, Rockwell
Automation, Schneider Electric, IBM Corporation, Oracle, SAP SE, General Electric, Siemens AG, Yokogawa Electric,
Huawei Technologies, among others.
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The global operational technology market is segmented on the basis of component, networking technology, end-user
and regions. Based on the components, the global operational technology market is divided into field devices, control
systems, and services. By networking technology, the global operational technology market is divided into wired
technology, and wireless technology. On the basis of end-user, the global operational technology market is segmented
into process industry, and non-process industry.
The global operational technology market is expected to grow in the forecast years owing to the increased
communications and monitoring of machines, the evolution of IIoT, and; development in automation ecosystem with
the help of organic growth strategies such as mergers and acquisitions, and collaborations; and rise in demand for
industrialization in emerging countries during the forecast period.
Market Analysis with Latest Growth Factors:
The supervisory control and data acquisition (SCADA) systems command the maximum share in the operational
technology market. The increased rate of adoption of IoT has led to the use of connected devices, and the increased
automation demand will keep propelling the market for control systems. The swift demand for digital transformation
has elevated the requirements for control systems.
Wired technology is anticipated to hold the maximum share of the overall operational technology market. Owing to the
safety and reliability of wired networks, they are considered to be the most preferred technology in the industrial firms.
The wired networking technologies that are necessary for establishment of connectivity among the OT solutions include
HART, Foundation Fieldbus, Industrial Ethernet, PROFINET, Modbus, and others. These are highly used in the end-user
industry such as chemical, food and beverages, oil and gas, pharmaceutical, and others.
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Based on regions, the global operational technology market is segmented into North America, Europe, Asia Pacific,
Middle East & Africa (MEA), and Latin America. The North American operational technology market is estimated to grow
at a swift rate during the forecast period. The presence of large number of technology providers and start-up companies
are providing their products and solutions to both process and non-process industries. Various end-user industries such
as food and beverages, oil and gas, and chemical present in this region have invaded the market through partnerships
and collaborations. This has led to the creation of huge growth potential for the operational technology market.
Major Points from Table of content:
Global Operational Technology Market, By Product (2017-2025)
Global Operational Technology Market, By Regions (2017-2025)
Market Competition Analysis
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