The global operational technology market is anticipated to grow at a significant CAGR during the forecast period. Operational technology systems are hardware and software. They are used to detect the cause of change via direct monitoring with the support of a physical device. Additionally, operational technology performs several applications using various technologies such as Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control Domains (PCD), and Programmable Logic Controllers (PLC). The major factor driving the growth of the global operational technology market during the forecast is the growing adoption of Industry 4.0 as well as the growing emphasis on industrial automation in manufacturing processes. Additionally, the growth of the market can also be attributed to the growing demand for software systems to reduce the time and cost of operations in industries across the globe.
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Based on the component, the industrial sensors under the human-machine interface segment in the global operational technology market hold a prominent share. The factor driving the growth of the segment includes the increase in expansion of the wireless sensors market. Additionally, the growth of the segment can also be attributed to the opportunities offered to the key players by the implementation of predictive maintenance in industries across the globe.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Operational Technology Market Report by Segment
By Component
- Human-machine interface
- Control Systems
By Networking Technology
- Wired
- Wireless
By Industry
- Process Industry
- Discrete Industry
Global Operational Technology Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global operational technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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