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The global operational technology security market is estimated to garner a revenue of USD 80.0 Billion by the end of 2033 by growing at a CAGR of ~16% over the forecast period, i.e., 2023 u2013 2033.
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GLOBAL OPERATIONAL TECHNOLOGY SECURITY MARKET OVERVIEW NORTH AMERICA GROWTH FACTORS KEY PLAYERS • Increasing shift towards digitalization • Rising adoption of industry 4.0 • Increasing cyberattacks on operational technology infrastructure • Rise in the urbanization rate • North America to display significant opportunities for the market growth over 2023-2033 owing to its increasing investment in research and development activities, and surging adoption of digital transformation and technology • IBM Corporation, Honeywell International Inc., General Electric, , Accenture PLC, Cisco Systems, Inc., Fortinet, Inc., Microsoft Corporation, Zscaler, Inc., Rapid7, and others CHALLENGES • High cost for the operational technology solutions • Lack of awareness among the organizations • Lack of trained professionals MARKET ANALYSIS BY ORGANIZATION SIZE, 2033 16.0 16% ~ ~ USD BILLION, 2022 CAGR, 2023-2033 www.kennethresearch.com | +1 313 462 0609 | sales@kennethresearch.com