Operational Technology Market: Trends, Insights, and Forecast 2024-2030
The global operational technology market size is expected to reach USD 364.74 billion by 2030, growing at a CAGR of 10% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increased demand for operational technologies (OT) security solutions arises from the growing dependence on digital technologies within industrial systems, resulting in heightened vulnerability of OT systems to cyber threats. Furthermore, the imposition of strict government regulations, such as the cybersecurity framework aimed at enhancing industrial control systems (ICS), compels organizations to implement extensive OT security protocols. Moreover, the integration of IT and OT systems leads to increased interconnectedness, thereby exposing OT systems to cyber threats originating from IT networks. Consequently, there is an escalating need for resilient OT solutions to safeguard vital industrial processes against potential cyber risks. Operational technologies enable direct...