Report ID: SQMIG45J2120
Report ID:
SQMIG45J2120 |
Region:
Global |
Published Date: December, 2024
Pages:
197
|
Tables:
89 |
Figures:
76
Operational Technology Security Market size was valued at USD 22.91 Billion in 2023 and is poised to grow from USD 30.52 Billion in 2024 to USD 302.39 Billion by 2032, growing at a CAGR of 33.20% during the forecast period (2025-2032).
The global operational technology security industry is experiencing swift expansion due to factors such as the growing convergence of IT and OT networks, which amplifies the vulnerability of OT systems to cyberattacks. The increasing complexity of cyber attackers has resulted in more frequent and effective targeting of the OT systems. The primary goals of OT security include upholding the safety and reliability of industrial operations, protecting critical infrastructure from cyber threats, and ensuring compliance with regulatory requirements.
The global operational technology security market growth is propelled by integrating government initiatives into security standards and the increasing adoption of cloud-based OT security solutions. Cloud-based solutions offer scalability, flexibility, and cost-effectiveness compared to the traditional on-premises alternatives. These initiatives raise awareness and foster the demand for effective OT security solutions safeguarding critical infrastructure. The market is propelled by the rising embrace of Industry 4.0, which depends on sophisticated technologies such as AI, big data, and IoT, demanding real-time data gathering and analysis capabilities from OT systems.
US Operational Technology Security Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG45J2120