Operational Technology Market is estimated to reach up to USD 232.30 billion by 2030, at a CAGR of 6.50%
Global Operational Technology Market Size is expected to be worth USD 146.90 billion in 2021 and is estimated to reach up to USD 232.30 billion by 2030, at a compound annual growth rate (CAGR) of 6.50% from 2022 to 2030. Operational technology integrates hardware and software to control and monitor infrastructure, equipment, and physical processes. Operational technology is used in a variety of asset-intensive industries to carry out a variety of tasks, from controlling robots at a manufacturing facility to keeping an eye on vital infrastructure. Many different industries, such as manufacturing, transportation & logistics, mining, and power generation & electrical, are implementing operational technology solutions. Over the predicted period, there should be a rise in demand for operational technology. The majority of the growth is related to an uptick in OT system cyberattacks. These networks and infrastructures are linked together to regulate and manage industrial processes.