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Operational Technology Security Market

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2 years ago

Global Operational Technology Security Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 to 2028

Value Market Research deeply researched the Global Operational Technology Security Market to foresee a significant growth in the industry over the upcoming years. The global operational technology security market report provides a complete industry analysis, market size, market share, growth trends, and forecasts for 2023 to 2028. The report starts with a detailed market introduction and an exe...

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2 years ago

Global Operational Technology Security Market Research Report Forecast to 2030

The global market for operational technology security is likely to increase at a substantial rate over the forecast period of 2022-2030. Due to the increase in cyberattacks and network security threats, smart operational technologies, and the convergence of IT and OT ecosystems, the global operational technology (OT) security market is anticipated to develop. Industrial internet of things (IIoT...

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Operational Technology Security Market

Operational technology (OT) security safeguards industrial control systems (ICS), supervisory control and data acquisition (SCADA) systems, and other operational technology required to manage crucial infrastructure and industrial processes. Sectors including energy, manufacturing, transportation, and healthcare all employ these systems. Physical assets, such as machinery and equipment, as well as digital assets, such as software and data, are both secured by OT security. Additionally, it entails guarding against online dangers like malware, viruses, and other cyberattacks that could disrupt or harm vital infrastructure. Network segmentation, access controls, encryption, intrusion detection and prevention, and incident response planning are examples of common OT security methods.

 

Drivers:
The risk of cyberattacks on these systems has increased along with the usage of operational technology in critical infrastructure. As a result, there is now more of a need for OT security solutions. Security requirements are being imposed by regulators and governments on vital infrastructure systems. The adoption of OT security solutions is being sparked by compliance with these requirements. The demand for OT security solutions that can shield these systems from cyber attacks is growing as new technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence are being used.

Risks:
OT security systems can be intricate and challenging to control. This may result in setup or implementation problems, leaving systems open to attack. The foundation of many operational technology systems is a legacy technology, which can be challenging to safeguard. It's possible that these systems weren't built with security in mind, rendering them open to intrusion. Many organizations might not be aware of the dangers posed by operational technology and might lack the resources or knowledge necessary to put in place reliable security measures.


With many nations investing extensively in Industry 4.0 projects, the APAC region is witnessing a rapid uptake of industrial automation. To safeguard these automated systems, OT security solutions are in high demand.

 

Some of the wealthy competitors with sizable operational technology security market shares include VMware, Inc.; Honeywell International, Inc.; HCL Technologies Ltd.; Schneider Electric SE; Broadcom; Cisco Systems, Inc.; and Kaspersky Lab.

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