The global IT and OT converge market is anticipated to grow at a CAGR of 9.8% during the forecast period (2023-2030). One of the driving forces behind IT and OT convergence is cyber security of operational systems including SCADA, MES, controllers, among others. OT has typically been managed as individual devices, which has made it very difficult for IT to maintain its cyber security mandate. In addition, the growing digital transformation, rising industrial internet of things (IIoT) fueled the market growth over the forecast period. As organizations undergo digital transformation initiatives, they are increasingly interconnecting traditionally isolated OT systems with IT networks. This connectivity creates new attack surfaces that require robust cybersecurity measures. Therefore, the major companies are creating an IT/OT security operations center service to identify malware intrusion, unauthorized access, and cyberattacks.
For instance, in August 2022, Yokogawa Electric Corp., released the OpreXTM IT/OT security operations center (IT/OT SOC) service. This service was developed to improve the security of IT and OT networks by detecting, analyzing, and enabling a quick and effective response to cybersecurity incidents. I0T/OT SOC is a security monitoring service that uses next-generation security information and event management (SIEM) which is fast, scalable, and unified. The service benefited various CTI and ML tools to collect event logs from customers’ IT/OT devices to detect cyber-attacks, unauthorized accesses, and infiltration by malware. It provided a wide range of analysis, consulting, and managed services with next-generation SOC architecture.
Further, the IT and OT convergence is driven by the rising adoption of IIoT devices and sensors in industrial and critical infrastructure sectors has grown. These devices often bridge the gap between OT and IT systems, necessitating cybersecurity solutions that protect both realms. Owing to this, the key players are entering into strategic partnership to embrace the benefits of the industrial internet of things (IIoT) by reducing cyber risks. For instance, in July 2023, DirectDefense, Inc., a provider of information security services company, partnered with SCADAfence, the global technology provider in OT and IoT cybersecurity. The SCADAfence Platform enabled critical infrastructure and manufacturing organizations with complex OT networks to embrace the benefits of the IIoT by reducing cyber risks and mitigating operational threats.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Component
- By Networking Technology
- By Industry Vertical
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- includes Accenture PLC, Intel Corp., KPMG International Ltd., HCL Technologies Ltd., and among others.
IT and OT Converge Market Report Segment
By Component
Control Systems
- Distributed Control System and SCADA
- Warehouse Management System
- Plant Asset Management and Functional Safety
- Human Machine Interface
Field Devices
- Industrial Sensors
- Industrial Valves
- Transmitters
- Actuators
By Networking Technology
- Wired
- Wireless
By Industry
- Automotive, Aerospace, and Defense
- Pharmaceuticals and Medical Devices
- Machine Manufacturing
- Semiconductor and Electronics
- Utility and Energy
- Chemical, Oil, and Gas
- Metals and Mining
- Food and Beverages
- Others (Pulp and Paper)
A full Report of Information Technology (IT) and operational-technology (OT) Converge Market is Available @ https://www.omrglobal.com/industry-reports/it-and-ot-converge-market
IT and OT Converge Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- 3Pillar Global Inc.
- Allied Telesis Inc.
- Armis Inc.
- Birlasoft
- Converge Technology Solutions Corp.
- KPMG International Ltd.
- MachineMetrics, Inc.
- PTC Inc.
- Semtech Corp.
- Siemens AG
- Singtel Group Corp
- TeamViewer US, Inc.
- Tulip Interfaces, Inc.
- Verizon Communications Inc.
- Wipro Ltd.
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