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Global Operational Technology Market with COVID-19 Impact, by Components (Field Devices, Control Systems, & Services), Networking Technology, Industry (Process and Discrete), and Geography (North America, Europe, Asia Pacific, RoW) - Forecast to 2027

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    Report

  • 296 Pages
  • March 2022
  • Region: Global
  • Markets and Markets
  • ID: 4210081
Strategic Initiatives by Governments to Promote Adoption of Operational Technologies

FEATURED COMPANIES

  • Abb
  • Emerson Electric Co.
  • Graymatter
  • Ibm
  • Omron Corporation
  • Sap Se
The global operational technology market was valued at USD 149.6 billion in 2021 and is projected to reach USD 216.3 billion by 2027; it is expected to grow at a CAGR of 6.5% from 2022 to 2027. The major drivers of the market include the surging adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, growing emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost. The operational technology market has been segmented by component, networking technology, industry, and geography.



Market for industrial sensors expected to grow at the highest CAGR during the forecast period


The industrial sensors segment of the operational technology market for field instruments is expected to grow at the highest CAGR of 9.0% from 2022 to 2027, reaching USD 34,751 million by 2027 from USD 66,386 million in 2021. The growth of the industrial sensors segment is driven by the growing adoption of Industry 4.0 and the expansion of the wireless sensors market. Predictive maintenance is expected to offer lucrative opportunities to the players operating in the industrial sensors market in the coming years. Predictive maintenance is enabled by 3 major solution enhancements over traditional maintenance: capturing sensor data, facilitating data communications, and making predictions. As the sensor is an important part of predictive maintenance solutions, the demand for industrial sensors is expected to increase significantly in the coming years.

Dcs segment to hold largest share throughout forecast period


The market for DCS is expected to hold the largest share throughout the forecast period among operational technology control systems, reaching USD 24,507 million by 2027 from USD 17,454 million in 2021. However, the market for WMS is expected to grow at the highest CAGR of 16.7% from 2022 to 2027, reaching USD 4,502 million by 2027 from USD 1,815 million in 2021. A significant shift in consumer purchasing behavior has resulted in the increased implementation of real-time WMS software solutions for efficient order processing, picking, packaging, shipment tracking, and route planning. WMS helps companies quickly adapt to the changing customer requirements in the e-commerce and online shopping space. Furthermore, the implementation of WMS helps manage warehouses at an optimum level, with increased productivity and efficiency of warehouse operations and reduced product delivery time.

Market for energy & power industry to grow at highest CAGR between 2022 and 2027


The process industry segment includes oil & gas, chemicals, energy & power, food & beverages, pharmaceuticals, mining & metals, and others. Among these, the energy & power industry is expected to grow at the highest CAGR of 7.1% during the forecast period. The demand for energy is growing continuously; however, the problems of environmental impact and scarcity associated with conventional sources might lead to a probable energy crisis, which makes optimizing the production processes necessary for the industry. Manufacturers face growing cost pressures and increasing demand for diverse product portfolios, coupled with regulatory and safety guidelines. Technologies such as MES, PAM, and HMI help manufacturers standardize their workflow and minimize lead times by eliminating the time required for the approval of various associations and the FDA. MES also maintains data and processes that need to be followed for regulatory compliance during production. Using MES helps in eliminating the need for maintaining records on paper. PAM and machine condition monitoring enable the proper functioning of systems used in the manufacturing process by providing continuous maintenance activities in these industries.

Operational technology market in APAC to grow at the highest CAGR


The major factors driving the growth of the operational technology market in APAC are the rising demand for smart tools due to increasing automation in industries; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing need to optimize productivity and reduce operational and maintenance costs. Government support in various APAC countries to drive industrialization is one of the important factors that will boost the demand for operational technology in the coming years. Various initiatives have been taken by the governments in the region. For instance, China’s “Made in China 2025,” Japan’s “Industrial Value Chain Initiative (IVI),” South Korea’s “The Manufacturing Innovation Strategy 3.0 (Strategy 3.0),” and India’s “Samarth Udyog Bharat 4.0,” are likely to play major roles in industrial advancement and consequently create growth opportunities for the operational technology market.

Breakdown of the profiles of primary participants


Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research. 

The break-up of primary interviews is given below:

  • By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17% 
  • By Designation: C-level Executives - 47%, Directors - 31%, and others - 22% 
  • By Region: North America - 36%, Europe - 29%, APAC - 30%, and RoW - 5%


Major players profiled in this report are as follows: Major companies offering operational technology technologies include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (US).

Research Coverage


In this report, the operational technology market has been segmented based on components, networking technology, industry, and region. The operational technology market based on components has been segmented into field devices (industrial valves, actuators, transmitters, and industrial sensors), control systems (supervisory control and data acquisition (SCADA), distributed control system (DCS), plant asset management (PAM), human–machine interface (HMI), warehouse management system (WMS), manufacturing execution system (MES), functional safety systems), and services (predictive maintenance services and others (original equipment manufacturer (OEM) services and remote diagnostics and maintenance services). Based on the networking technology, the market has been segmented into wired and wireless networking technology. Based on the industry, the market has been segregated into process industry: oil & gas, food & beverages, pharmaceuticals, chemicals, energy & power, metals & mining, pulp & paper, and others (cement, aluminum, steel, glass, paper and printing, textile and clothing, alternative energy, rubber, die-cast and foundry, and consumer electronics) and discrete industry: automotive, aerospace & defense, semiconductor & electronics, medical devices, machine manufacturing, and others (packaging, solar panel manufacturing, and consumer packaged goods). The study also forecasts the size of the market in four main regions - North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report: 


The report would help market leaders/new entrants in this market in the following ways:

  • This report segments of the operational technology market comprehensively and provides the closest approximation of the overall market size and subsegments that include components, networking technology, industry, and region
  • The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the operational technology market
  • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
  • The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, acquisitions, and expansions carried out by major market players
Frequently Asked Questions about the Global Operational Technology Market

What is the estimated value of the Global Operational Technology Market?

The Global Operational Technology Market was estimated to be valued at $149.6 Billion in 2022.

What is the growth rate of the Global Operational Technology Market?

The growth rate of the Global Operational Technology Market is 6.5%, with an estimated value of $216.3 Billion by 2027.

What is the forecasted size of the Global Operational Technology Market?

The Global Operational Technology Market is estimated to be worth $216.3 Billion by 2027.

Who are the key companies in the Global Operational Technology Market?

Key companies in the Global Operational Technology Market include Abb, Advantech Co., Ltd., Azbil Corporation, Emerson Electric Co., Endress+Hauser Group Services Ag, Fuji Electric Co., Ltd., General Electric, Graymatter and Hollysys.

FEATURED COMPANIES

  • Abb
  • Emerson Electric Co.
  • Graymatter
  • Ibm
  • Omron Corporation
  • Sap Se

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
Figure 1 Operational Technology Market Segmentation
1.4.2 Geographic Scope
1.5 Years Considered
1.6 Currency & Pricing
1.7 Limitations
1.8 Stakeholders
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Operational Technology Market: Research Design
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Key Data from Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 Key Data from Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
Figure 3 Market Size Estimation Methodology (Supply Side): Revenue from Scada in Operational Technology Market
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size by Bottom-Up Analysis (Demand Side)
Figure 4 Operational Technology Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Arriving at Market Size Using Top-Down Analysis (Supply Side)
Figure 5 Operational Technology Market: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions and Risk Assessment
3 Executive Summary
Figure 7 Analysis of Impact of COVID-19 on Operational Technology Market
3.1 Realistic Scenario
3.2 Pessimistic Scenario
3.3 Optimistic Scenario
Figure 8 Market for Industrial Sensors to Grow at Highest CAGR Between 2022 and 2027
Figure 9 Dcs Segment to Hold Largest Share Throughout Forecast Period
Figure 10 Market for Energy & Power Industry to Grow at Highest CAGR Between 2022 and 2027
Figure 11 Market for Machine Manufacturing to Grow at Highest CAGR Between 2022 and 2027
Figure 12 Operational Technology Market, by Region
4 Premium Insights
4.1 Attractive Growth Opportunities for Operational Technology Market
Figure 13 Operational Technology Market to Have Huge Growth Opportunities in APAC
4.2 Operational Technology Market, by Field Instruments
Figure 14 Industrial Sensors Segment to Grow at Highest CAGR Between 2022 and 2027
4.3 Operational Technology Market, by Control Systems
Figure 15 Dcs to Hold Largest Market Share Throughout Forecast Period
4.4 Operational Technology Market, by Process Industry
Figure 16 Market for Energy & Power Industry to Grow at Highest CAGR Between 2022 and 2027
4.5 Operational Technology Market, by Discrete Industry
Figure 17 Machine Manufacturing to Hold Largest Market Share Throughout Forecast Period
4.6 Operational Technology Market, by Geography
Figure 18 APAC to Hold Largest Share of Operational Technology Market Throughout Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Global Operational Technology Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Emphasis on Real-Time Data Analysis and Predictive Maintenance
5.2.1.2 Emergence of Connected Enterprises
5.2.1.3 Strategic Initiatives by Governments to Promote Adoption of Operational Technologies
5.2.1.4 Emphasis on Optimum Utilization of Resources
Figure 20 Drivers for Global Operational Technology Market and Their Impact
5.2.2 Restraints
5.2.2.1 High Installation and Maintenance Costs
5.2.2.2 Requirement of Maintenance and Frequent Software Upgrades
5.2.2.3 Lack of Skilled Professionals
Figure 21 Restraints for Global Operational Technology Market and Their Impact
5.2.3 Opportunities
5.2.3.1 Increased Demand for Safety Compliance Automation Solutions
5.2.3.2 Adoption of Emerging Technologies Such as IIoT and Cloud Computing in Industrial Environments
5.2.3.3 Development of Machine Learning and Big Data Analytics
5.2.3.4 Rapid Industrial Growth in Emerging Economies
Figure 22 Opportunities for Global Operational Technology Market and Their Impact
5.2.4 Challenges
5.2.4.1 Lack of Standardization in Industrial Communication Protocols and Interfaces
5.2.4.2 Rise in Instances of Automated Cyber Attacks
Figure 23 Challenges for Global Operational Technology Market and Their Impact
5.3 Value Chain Analysis
Figure 24 Operational Technology Market: Value Chain Analysis
5.4 Ecosystem
Figure 25 Operational Technology Market: Ecosystem
Table 1 Companies and Their Role in Operational Technology Market Ecosystem
5.5 Trends/Disruptions Impacting Customer's Business
Figure 26 Operational Technology Market: Trends/Disruptions Impacting Customer's Business
5.6 Porter's Five Forces Analysis
Table 2 Operational Technology Market: Porter's Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Case Study
5.7.1 Use Case 1: Arb Midstream
5.7.2 Use Case 2: Canadian Crude Oil Producer
5.7.3 Use Case 3: Barcelona
5.7.4 Use Case 4: Hieta
5.8 Pricing Analysis
5.8.1 Level Transmitters
5.8.2 Industrial Sensors
Table 3 Price Range of Industrial Sensors
5.8.3 Average Selling Prices of Market Players, by Field Devices
Figure 27 Average Selling Prices of Key Players, by Field Devices
Table 4 Average Selling Prices of Key Players, by Field Devices (USD)
5.9 Key Conferences & Events in 2022-2023
Table 5 Operational Technology Market: Detailed List of Conferences & Events
5.10 Trade Analysis
5.10.1 Valves
Figure 28 Imports Data for Valves, 2016-2020 (USD Million)
Figure 29 Exports Data for Valves, 2016-2020 (USD Million)
5.11 Patents Analysis
Figure 30 Number of Patents Granted Per Year from 2012 to 2021
Figure 31 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
Table 6 List of Top Patent Owners in Last 10 Years
5.11.1 List of Major Patents
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 32 Influence of Stakeholders in Buying Process for Top 3 Industries
Table 7 Influence of Stakeholders in Buying Process for Top 3 Industries (%)
5.12.2 Buying Criteria
Figure 33 Key Buying Criteria for Top 3 Industries
Table 8 Key Buying Criteria for Top 3 Industries
5.13 Technology Trends
5.13.1 Industry 4.0
5.13.2 Artificial Intelligence (Ai)
5.13.3 Internet of Things (Iot)
5.13.4 Blockchain
5.13.5 Augmented Reality (Ar) & Virtual Reality (Vr)
5.13.6 Predictive Maintenance
5.13.7 Digital Twin
5.14 Standards & Regulatory Landscape
5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2 Regulatory Standards
5.14.2.1 Iec Ts 62832-1: 2020
5.14.2.2 Iso/Iec Tr 63306-1:2020
5.14.2.3 Iso 55001: 2014
Table 13 Major Communication Standards for Scada Systems
Table 14 Industrial Safety Standards
6 Operational Technology Market, by Component
6.1 Introduction
Figure 34 Operational Technology Market, by Component
Table 15 Operational Technology Market, by Component, 2018-2021 (USD Million)
Table 16 Operational Technology Market, by Component, 2022-2027 (USD Million)
6.2 Field Instruments
Figure 35 Market for Industrial Sensors to Grow at Highest CAGR Between 2022 and 2027
Table 17 Operational Technology Market, by Field Instruments, 2018-2021 (USD Million)
Table 18 Operational Technology Market, by Field Instruments, 2022-2027 (USD Million)
Table 19 Operational Technology Market for Field Instruments, by Region, 2018-2021 (USD Million)
Table 20 Operational Technology Market for Field Instruments, by Region, 2022-2027 (USD Million)
Table 21 Operational Technology Market for Field Instruments, by Process Industry, 2018-2021 (USD Million)
Table 22 Operational Technology Market for Field Instruments, by Process Industry, 2022-2027 (USD Million)
Table 23 Operational Technology Market for Field Instruments, by Discrete Industry, 2018-2021 (USD Million)
Table 24 Operational Technology Market for Field Instruments, by Discrete Industry, 2022-2027 (USD Million)
6.2.1 Industrial Valves
6.2.1.1 Growth of Process and Discrete Industries Leads to Growing Demand for Industrial Valves
Table 25 Operational Technology Market for Industrial Valves, by Region, 2018-2021 (USD Million)
Table 26 Operational Technology Market for Industrial Valves, by Region, 2022-2027 (USD Million)
Table 27 Operational Technology Market for Industrial Valves, by Process Industry, 2018-2021 (USD Million)
Table 28 Operational Technology Market for Industrial Valves, by Process Industry, 2022-2027 (USD Million)
6.2.2 Transmitters
Table 29 Types of Transmitters Used in Field Instruments
6.2.2.1 Pressure Transmitters
6.2.2.1.1 Pressure Transmitters Can Determine Pressure of Liquid, Gas, and Steam in Different Industries
6.2.2.2 Temperature Transmitters
6.2.2.2.1 Temperature Transmitters are Used for Determining Temperature of Fluids in Various Industries
6.2.2.3 Level Transmitters
6.2.2.3.1 Level Transmitters Determine the Level of Given Liquid or Solid Bulk in Process Industries
Table 30 Operational Technology Market for Transmitters, by Region, 2018-2021 (USD Million)
Table 31 Operational Technology Market for Transmitters, by Region, 2022-2027 (USD Million)
Table 32 Operational Technology Market for Transmitters, by Process Industry, 2018-2021 (USD Million)
Table 33 Operational Technology Market for Transmitters, by Process Industry, 2022-2027 (USD Million)
6.2.3 Industrial Sensors
6.2.3.1 Rise in Use of Industrial Sensors to Ensure Connectivity in Manufacturing Plants to Boost Market Growth
6.2.3.2 Wired Industrial Sensors
6.2.3.3 Wireless Industrial Sensors
Table 34 Operational Technology Market for Industrial Sensors, by Region, 2018-2021 (USD Million)
Table 35 Operational Technology Market for Industrial Sensors, by Region, 2022-2027 (USD Million)
Table 36 Operational Technology Market for Industrial Sensors, by Process Industry, 2018-2021 (USD Million)
Table 37 Operational Technology Market for Industrial Sensors, by Process Industry, 2022-2027 (USD Million)
Table 38 Operational Technology Market for Industrial Sensors, by Discrete Industry, 2018-2021 (USD Million)
Table 39 Operational Technology Market for Industrial Sensors, by Discrete Industry, 2022-2027 (USD Million)
6.2.4 Actuators
6.2.4.1 Growing Requirement for Improved Control Over Movement of Equipment in Manufacturing Facilities to Boost Market Growth
6.2.4.2 Linear Actuators
6.2.4.2.1 Rod Type Linear Actuators
6.2.4.2.1.1 Increasing Use of Rod-Less Type Linear Actuators in Aircraft Structures to Drive Demand
6.2.4.2.2 Screw Type Linear Actuators
6.2.4.2.2.1 Growing Use with Servomotors in Drive and Control Hardware to Fuel Demand
6.2.4.2.3 Belt Type Linear Actuators
6.2.4.2.3.1 Rising Use to Increase Operational Efficiency of Process Automation to Drive Demand
6.2.4.3 Rotary Actuators
6.2.4.3.1 Motors
6.2.4.3.1.1 Surging Sales of Industrial Robots to Drive Demand
6.2.4.3.2 Bladder & Vane
6.2.4.3.2.1 Increasing Use in Gates and Valves Deployed in Process Industries to Drive Demand
6.2.4.3.3 Piston Type
6.2.4.3.3.1 Growing Use for Precision Control Applications in Electronics Industry to Drive Demand
6.3 Control Systems
Figure 36 Dcs to Hold Largest Market Share Throughout Forecast Period
Table 40 Operational Technology Market, by Control Systems, 2018-2021 (USD Million)
Table 41 Operational Technology Market, by Control Systems, 2022-2027 (USD Million)
Table 42 Operational Technology Market for Control Systems, by Region, 2018-2021 (USD Million)
Table 43 Operational Technology Market for Control Systems, by Region, 2022-2027 (USD Million)
Table 44 Operational Technology Market for Control Systems, by Process Industry, 2018-2021 (USD Million)
Table 45 Operational Technology Market for Control Systems, by Process Industry, 2022-2027 (USD Million)
Table 46 Operational Technology Market for Control Systems, by Discrete Industry, 2018-2021 (USD Million)
Table 47 Operational Technology Market for Control Systems, by Discrete Industry, 2022-2027 (USD Million)
6.3.1 Supervisory Control and Data Acquisition (Scada)
6.3.1.1 Surge in Adoption of Scada for Collecting Real-Time Data from Remote Locations and Controlling Different Devices to Fuel Market Growth
Figure 37 Scope of Scada in Operational Technology Market
Table 48 Operational Technology Market for Scada, by Region, 2018-2021 (USD Million)
Table 49 Operational Technology Market for Scada, by Region, 2022-2027 (USD Million)
Table 50 Operational Technology Market for Scada, by Process Industry, 2018-2021 (USD Million)
Table 51 Operational Technology Market for Scada, by Process Industry, 2022-2027 (USD Million)
Table 52 Operational Technology Market for Scada, by Discrete Industry, 2018-2021 (USD Million)
Table 53 Operational Technology Market for Scada, by Discrete Industry, 2022-2027 (USD Million)
6.3.2 Plant Asset Management
6.3.2.1 Surging Adoption of Pam Systems to Reduce Downtime and Wastage in Manufacturing Plants to Fuel Market Growth
6.3.2.2 By Offering
6.3.2.2.1 Pam Solutions Help Improve Operational Efficiency of Business Processes
6.3.2.3 By Deployment
6.3.2.3.1 Cloud (Online) Deployment Mode is Gaining Popularity due to Growing Demand for Advanced Technologies
6.3.2.4 By Asset Type
6.3.2.4.1 Pam Solutions are in Demand for Production Assets Such as Monitoring, Rotating, and Reciprocating Equipment
Table 54 Operational Technology Market for Pam, by Region, 2018-2021 (USD Million)
Table 55 Operational Technology Market for Pam, by Region, 2022-2027 (USD Million)
Table 56 Operational Technology Market for Pam, by Process Industry, 2018-2021 (USD Million)
Table 57 Operational Technology Market for Pam, by Process Industry, 2022-2027 (USD Million)
Table 58 Operational Technology Market for Pam, by Discrete Industry, 2018-2021 (USD Million)
Table 59 Operational Technology Market for Pam, by Discrete Industry, 2022-2027 (USD Million)
6.3.3 Distributed Control System (Dcs)
6.3.3.1 Rise in Demand for Process Automation and Control in Industrial Manufacturing Plants to Drive Growth of Dcs Segment
Figure 38 Benefits of Dcs in Industrial Plants
Table 60 Some Models of Dcs Offered by Different Companies
Figure 39 Dcs Type
Table 61 Operational Technology Market for Dcs, by Region, 2018-2021 (USD Million)
Table 62 Operational Technology Market for Dcs, by Region, 2022-2027 (USD Million)
Table 63 Operational Technology Market for Dcs, by Process Industry, 2018-2021 (USD Million)
Table 64 Operational Technology Market for Dcs, by Process Industry, 2022-2027 (USD Million)
Figure 40 Benchmarking of Top 3 Companies in Dcs Market
6.3.4 Human-Machine Interface (Hmi)
6.3.4.1 Improvements in Data Visualization Offered by Hmi to Fuel Its Adoption Rate
Table 65 Operational Technology Market for Hmi, by Region, 2018-2021 (USD Million)
Table 66 Operational Technology Market for Hmi, by Region, 2022-2027 (USD Million)
Table 67 Operational Technology Market for Hmi, by Process Industry, 2018-2021 (USD Million)
Table 68 Operational Technology Market for Hmi, by Process Industry, 2022-2027 (USD Million)
Table 69 Operational Technology Market for Hmi, by Discrete Industry, 2018-2021 (USD Million)
Table 70 Operational Technology Market for Hmi, by Discrete Industry, 2022-2027 (USD Million)
6.3.5 Manufacturing Execution System (Mes)
6.3.5.1 Cost-Saving and Operation Optimization Benefits of Mes to Drive Their Demand
Table 71 Operational Technology Market for Mes, by Region, 2018-2021 (USD Million)
Table 72 Operational Technology Market for Mes, by Region, 2022-2027 (USD Million)
Table 73 Operational Technology Market for Mes, by Process Industry, 2018-2021 (USD Million)
Table 74 Operational Technology Market for Mes, by Process Industry, 2022-2027 (USD Million)
Table 75 Operational Technology Market for Mes, by Discrete Industry, 2018-2021 (USD Million)
Table 76 Operational Technology Market for Mes, by Discrete Industry, 2022-2027 (USD Million)
6.3.6 Warehouse Management System (Wms)
6.3.6.1 By Offering
6.3.6.1.1 Digitization of Supply Chain Management Propels Growth of Warehouse Management System Market
6.3.6.2 Implementation Type
6.3.6.2.1 Increasing Adoption of On-Cloud Wms Solutions
6.3.6.3 By Tier Type
6.3.6.3.1 Rising Demand for Wms from Several Industries
Table 77 Operational Technology Market for Wms, by Region, 2018-2021 (USD Million)
Table 78 Operational Technology Market for Wms, by Region, 2022-2027 (USD Million)
Table 79 Operational Technology Market for Wms, by Process Industry, 2018-2021 (USD Million)
Table 80 Operational Technology Market for Wms, by Process Industry, 2022-2027 (USD Million)
Table 81 Operational Technology Market for Wms, by Discrete Industry, 2018-2021 (USD Million)
Table 82 Operational Technology Market for Wms, by Discrete Industry, 2022-2027 (USD Million)
6.3.7 Functional Safety
6.3.7.1 Growing Adoption of Functional Safety Systems in Different Industries to Boost Market Growth
Table 83 Operational Technology Market for Functional Safety, by Region, 2018-2021 (USD Million)
Table 84 Operational Technology Market for Functional Safety, by Region, 2022-2027 (USD Million)
Table 85 Operational Technology Market for Functional Safety, by Process Industry, 2018-2021 (USD Million)
Table 86 Operational Technology Market for Functional Safety, by Process Industry, 2022-2027 (USD Million)
6.4 Services
6.4.1 Predictive Maintenance Services
6.4.1.1 Increasing Adoption of Predictive Maintenance Services to Reduce Risk and Failure of Machine
6.4.1.2 Professional Services
6.4.1.3 Managed Services
6.4.2 Others
6.4.2.1 Oem Services
6.4.2.2 Remote Diagnostics and Maintenance Services
7 Operational Technology Market, by Networking Technology
7.1 Introduction
Figure 41 Operational Technology Market, by Networking Technology
7.2 Wired Networking Technology
7.2.1 Profibus
7.2.1.1 Profibus Links Automation Systems and Controllers with Decentralized Field Devices
7.2.2 Modbus
7.2.2.1 Modbus Can Run Over Almost All Communication Media Such as Wired Media, Wireless Media, Optical Networks, and Others
7.2.3 Profinet
7.2.3.1 Profinet Supplements Existing Profibus Technologies by Providing Faster Data Communication
7.2.4 Ethernet/Ip
7.2.4.1 Ethernet/Ip is Among Leading Industrial Protocols and is Widely Used in Hybrid and Process Industries
7.2.5 Others
7.3 Wireless Networking Technology
7.3.1 Wlan
7.3.1.1 Wlan Provides Wide Area Coverage and Faster Communication
7.3.2 Isa100.11A
7.3.2.1 Isa 100 Operates in 2.4 Mhz Frequency Range and Can Support Up to 15 Channels
7.3.3 Cellular
7.3.3.1 Cellular Networks Can be Ideal for IIoT Applications That Require Operations Over Long Distances
7.3.4 Zigbee
7.3.4.1 Zigbee Offers Easy Network Expansion, Low Power Consumption, Good Coverage Area, and Reliable Network Structure
7.3.5 Whart
7.3.5.1 Whart is Open Industry Standard Specifically Designed for Particular Requirements of Wireless Networking Technology
7.3.6 Others
8 Operational Technology Market, by Industry
8.1 Introduction
Figure 42 Global Operational Technology Market, by Industry
Table 87 Operational Technology Market, by Industry, 2018-2021 (USD Million)
Table 88 Operational Technology Market, by Industry, 2022-2027 (USD Million)
8.2 Process Industry
Figure 43 Market for Energy & Power Industry to Grow at Highest CAGR Between 2022 and 2027
Table 89 Operational Technology Market, by Process Industry, 2018-2021 (USD Million)
Table 90 Operational Technology Market, by Process Industry, 2022-2027 (USD Million)
8.2.1 Oil & Gas
8.2.1.1 Opportunity to Increase Process Efficiency and Gain Competitive Edge is Driving Operational Technology Market in Oil & Gas Industry
8.2.2 Chemicals
8.2.2.1 Control Systems Provide Operational Solutions to Chemicals Industry
8.2.3 Pharmaceuticals
8.2.3.1 Automated Machine Solutions are Required for Smooth Functioning of Pharmaceuticals Industry
8.2.4 Metals & Mining
8.2.4.1 Growing Adoption of Mes to Integrate Workflow of Mining Operations to Fuel Market Growth
8.2.5 Food & Beverages
8.2.5.1 Operational Technologies Used in Food & Beverages Industry Offer Flexibility, Safety Solutions, and Software Tools to Control Operations of Machines
8.2.6 Energy & Power
8.2.6.1 Fastest Growing Process Industry for Operational Technology Market
8.2.7 Pulp & Paper
8.2.7.1 Growing Digitalization in Paper Industry to Increase Implementation of Operational Process
8.2.8 Others
8.3 Discrete Industry
Figure 44 Machine Manufacturing to Hold Largest Market Share Throughout Forecast Period
Table 91 Operational Technology Market, by Discrete Industry, 2018-2021 (USD Million)
Table 92 Operational Technology Market, by Discrete Industry, 2022-2027 (USD Million)
8.3.1 Automotive
8.3.1.1 Adoption of Plm Systems and Technological Innovations in Automotive Industry Drive Operational Technology Market Growth
8.3.2 Aerospace & Defense
8.3.2.1 Demand for Mes System Solutions in Aerospace & Defense Industry to Drive Operational Technology Market
8.3.3 Semiconductor & Electronics
8.3.3.1 Technological Advancements and Adoption of Control Systems in Semiconductor & Electronics Industry to Drive Demand for Operational Technologies
8.3.4 Medical Devices
8.3.4.1 Increasing Demand for Control Systems for Higher Efficiency in Medical Devices Industry
8.3.5 Machine Manufacturing
8.3.5.1 Surging Demand for Predictive Maintenance to Propel Operational Technology Market Growth for Machine Manufacturing
8.3.6 Others
9 Geographic Analysis
9.1 Introduction
Figure 45 Geographic Snapshot: Operational Technology Market
Figure 46 APAC to Hold Largest Share of Operational Technology Market During Forecast Period
Table 93 Operational Technology Market, by Region, 2018-2021 (USD Million)
Table 94 Operational Technology Market, by Region, 2022-2027 (USD Million)
9.2 North America
9.2.1 Impact of COVID-19 on Operational Technology Market in North America
Figure 47 Snapshot: Operational Technology Market in North America
Figure 48 Us to Account for Largest Share of Operational Technology Market in North America in 2027
Table 95 Operational Technology Market in North America, by Country, 2018-2021 (USD Million)
Table 96 Operational Technology Market in North America, by Country, 2022-2027 (USD Million)
9.2.2 US
9.2.2.1 Increasing Adoption of Control System Solutions by Leading Industrial Players and Startups to Drive Market Growth
9.2.3 Canada
9.2.3.1 Growth of Process and Discrete Industries to Contribute to Operational Technology Market Growth in Canada
9.2.4 Mexico
9.2.4.1 Rapidly Developing Aerospace Industry to Create Lucrative Growth Opportunities for Market in Mexico
9.3 Europe
9.3.1 Impact of COVID-19 on Operational Technology Market in Europe
Figure 49 Snapshot: Operational Technology Market in Europe
Figure 50 Germany to Account for Largest Share of Operational Technology Market in Europe in 2027
Table 97 Operational Technology Market in Europe, by Country, 2018-2021 (USD Million)
Table 98 Operational Technology Market in Europe, by Country, 2022-2027 (USD Million)
9.3.2 UK
9.3.2.1 Need to Improve Safety and Quality of Operations to Boost Demand for Control Systems in UK
9.3.3 Germany
9.3.3.1 Chemicals and Pharmaceuticals Industries Will Drive Operational Technology Market Growth in Germany
9.3.4 France
9.3.4.1 Medical Devices Industry to Favor Growth of Operational Technology Market in France
9.3.5 Rest of Europe
9.4 APAC
9.4.1 Impact of COVID-19 on Operational Technology Market in APAC
Figure 51 Snapshot: Operational Technology Market in Asia-Pacific
Figure 52 China to Account for Largest Share of Operational Technology Market in APAC in 2027
Table 99 Operational Technology Market in Apac, by Country, 2018-2021 (USD Million)
Table 100 Operational Technology Market in Apac, by Country, 2022-2027 (USD Million)
9.4.2 China
9.4.2.1 Increasing Government Initiatives for Development of Automotive Industry to Drive Operational Technology Market in China
9.4.3 Japan
9.4.3.1 Semiconductor & Electronics Industries Would Create Growth Opportunities for Operational Technology Market in Japan
9.4.4 India
9.4.4.1 Make in India Initiative to Support Growth of Operational Technology Market
9.4.5 Rest of APAC
9.5 Row
9.5.1 Impact of COVID-19 on Operational Technology Market in Row
Figure 53 Middle East to Account for Largest Share of Operational Technology Market in Row in 2027
Table 101 Operational Technology Market in Row, by Region, 2018-2021 (USD Million)
Table 102 Operational Technology Market in Row, by Region, 2022-2027 (USD Million)
9.5.2 South America
9.5.2.1 Rising Adoption of IoT Technologies in Different Industries to Drive Growth of Operation Technology Market
9.5.3 Middle East & Africa
9.5.3.1 Rising Adoption of Advanced Operational Technologies in Oil & Gas and Mining Industries to Propel Market Growth
10 Competitive Landscape
10.1 Introduction
10.2 Key Player Strategies/Right to Win
Table 103 Overview of Strategies Deployed by Key Players in Operational Technology Market
10.3 Revenue Analysis of Top 5 Companies
Figure 54 Top 5 Players in Operational Technology Market, 2016-2020
10.4 Market Share Analysis of Top Players, 2020-2021
Table 104 Global Scada Market: Market Share Analysis
10.5 Competitive Evaluation Quadrant, 2020
10.5.1 Star
10.5.2 Emerging Leader
10.5.3 Pervasive
10.5.4 Participant
Figure 55 Scada Market (Global): Company Evaluation Quadrant, 2021
10.6 Small and Medium-Sized Enterprises (Sme) Evaluation Quadrant, 2020
10.6.1 Progressive Company
10.6.2 Responsive Company
10.6.3 Dynamic Company
10.6.4 Starting Block
Figure 56 Scada Market (Global): Sme Evaluation Quadrant, 2021
10.6.5 Operational Technology Market: Company Footprint
Table 105 Company Component Footprint
Table 106 Company Industry Footprint
Table 107 Company Region Footprint
Table 108 Company Footprint
10.6.6 Operational Technology Market: Startup Matrix
Table 109 Operational Technology Market: Detailed List of Key Startup/Smes
Table 110 Operational Technology Market: Competitive Benchmarking of Key Startup/Smes
10.7 Competitive Situations and Trends
10.7.1 Product Launches
Table 111 Operational Technology Market: Product Launches
10.7.2 Deals
10.7.2.1 Operational Technology Market: Deals
11 Company Profiles
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1 Abb
Table 112 Abb: Business Overview
Figure 57 Abb: Company Snapshot
Table 113 Abb: Product Offerings
11.1.2 Siemens
Table 114 Siemens: Business Overview
Figure 58 Siemens: Company Snapshot
Table 115 Siemens: Product Offerings
11.1.3 Honeywell International Inc
Table 116 Honeywell International Inc.: Business Overview
Figure 59 Honeywell: Company Snapshot
Table 117 Honeywell International Inc.: Product Offerings
11.1.4 General Electric
Table 118 General Electric: Business Overview
Figure 60 General Electric: Company Snapshot
Table 119 General Electric: Product Offerings
11.1.5 Schneider Electric
Table 120 Schneider Electric: Business Overview
Figure 61 Schneider Electric: Company Snapshot
Table 121 Schneider Electric: Product Offerings
11.1.6 Rockwell Automation Inc
Table 122 Rockwell Automation Inc: Business Overview
Figure 62 Rockwell Automation Inc.: Company Snapshot
Table 123 Rockwell Automation Inc: Product Offerings
11.1.7 Emerson Electric Co.
Table 124 Emerson Electric Co.: Business Overview
Figure 63 Emerson Electric Co.: Company Snapshot
Table 125 Emerson Electric Co.: Product Offerings
Table 126 Emerson Electric Co.: Product Launches and Developments
11.1.8 Oracle
Table 127 Oracle: Business Overview
Figure 64 Oracle: Company Snapshot
Table 128 Oracle: Product Offerings
11.1.9 Ibm
Table 129 Ibm: Business Overview
Figure 65 Ibm: Company Snapshot
Table 130 Ibm: Product Offerings
11.1.10 Yokogawa Electric Corporation
Table 131 Yokogawa Electric Corporation: Business Overview
Figure 66 Yokogawa Electric Corporation: Company Snapshot
Table 132 Yokogawa Electric Corporation: Product Offerings
Table 133 Yokogawa Electric Corporation: Product Launches and Developments
11.1.11 Fuji Electric Co., Ltd.
Table 134 Fuji Electric Co., Ltd.: Business Overview
Figure 67 Fuji Electric Co., Ltd.: Company Snapshot
Table 135 Fuji Electric Co., Ltd.: Product Offerings
11.1.12 Mitsubishi Electric Corporation
Table 136 Mitsubishi Electric Corporation: Business Overview
Figure 68 Mitsubishi Electric Corporation: Company Snapshot
Table 137 Mitsubishi Electric Corporation: Product Offerings
11.1.13 Omron Corporation
Table 138 Omron Corporation: Business Overview
Figure 69 Omron Corporation: Company Snapshot
Table 139 Omron Corporation: Product Offerings
11.1.14 Hitachi, Ltd.
Table 140 Hitachi, Ltd.: Business Overview
Figure 70 Hitachi, Ltd.: Company Snapshot
Table 141 Hitachi, Ltd.: Product Offerings
11.1.15 Hollysys
Table 142 Hollysys: Business Overview
Figure 71 Hollysys: Company Snapshot
Table 143 Hollysys: Product Offerings
11.2 Other Key Players
11.2.1 Krohne Messtechnik GmbH
11.2.2 Graymatter
11.2.3 Wunderlich-Malec Engineering, Inc.
11.2.4 Scadafence Ltd.
11.2.5 Sap Se
11.2.6 Tesco Controls, Inc.
11.2.7 Advantech Co., Ltd.
11.2.8 Nec Corporation
11.2.9 Azbil Corporation
11.2.10 Endress+Hauser Group Services Ag
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
12 Adjacent & Related Markets
12.1 Introduction
12.2 Limitations
12.3 Digital Twin Market
12.4 Digital Twin Market, by Application
12.4.1 Introduction
Table 144 Digital Twin Market, by Application, 2016-2019 (USD Billion)
Table 145 Digital Twin Market, by Application, 2020-2026 (USD Billion)
12.4.2 Product Design & Development
12.4.2.1 Product Design & Development Segment to Register Steady Growth in Digital Twin Market
Table 146 Digital Twin Market for Product Design & Development, by Industry, 2016-2019 (USD Million)
Table 147 Digital Twin Market for Product Design & Development, by Industry, 2020-2026 (USD Million)
12.4.3 Performance Monitoring
12.4.3.1 Performance Management Plays a Vital Role in Digital Twin Market
Table 148 Digital Twin Market, for Performance Monitoring, by Industry, 2016-2019 (USD Million)
Table 149 Digital Twin Market for Performance Monitoring, by Industry, 2020-2026 (USD Million)
12.4.4 Predictive Maintenance
12.4.4.1 Predictive Maintenance Segment to Witness Healthy Growth in Market
Table 150 Digital Twin Market for Predictive Maintenance, by Industry, 2016-2019 (USD Million)
Table 151 Digital Twin Market for Predictive Maintenance, by Industry, 2020-2026 (USD Million)
12.4.5 Inventory Management
12.4.5.1 Inventory Management Will Play a Major Role in Transportation & Logistics Industry for Digital Twin Solutions
Table 152 Digital Twin Market for Inventory Management, by Industry, 2016-2019 (USD Million)
Table 153 Digital Twin Market for Inventory Management, by Industry, 2020-2026 (USD Million)
12.4.6 Business Optimization
12.4.6.1 Business Optimization Segment to Dominate Digital Twin Market During Forecast Period
Table 154 Digital Twin Market for Business Optimization, by Industry, 2016-2019 (USD Million)
Table 155 Digital Twin Market for Business Optimization, by Industry, 2020-2026 (USD Million)
12.4.7 Others
Table 156 Digital Twin Market for Others, by Industry 2016-2019 (USD Million)
Table 157 Digital Twin Market for Others, by Industry 2020-2026 (USD Million)
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: The Subscription Portal
13.4 Available Customizations
  • Abb
  • Advantech Co., Ltd.
  • Azbil Corporation
  • Emerson Electric Co.
  • Endress+Hauser Group Services Ag
  • Fuji Electric Co., Ltd.
  • General Electric
  • Graymatter
  • Hitachi, Ltd.
  • Hollysys
  • Honeywell International Inc
  • Ibm
  • Krohne Messtechnik GmbH
  • Mitsubishi Electric Corporation
  • Nec Corporation
  • Omron Corporation
  • Oracle
  • Rockwell Automation Inc
  • Sap Se
  • Scadafence Ltd.
  • Schneider Electric
  • Siemens
  • Tesco Controls, Inc.
  • Wunderlich-Malec Engineering, Inc.
  • Yokogawa Electric Corporation

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