Operational Technology Market by Component (Field Devices, Control Systems, Services), Networking Technology (Wired Technology, Wireless Technology), End-User Industry, and Region - Global Forecast to 2022

  • ID: 4210081
  • Report
  • Region: Global
  • 234 Pages
  • Markets and Markets
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Operational Technology (OT) Market is Expected to Grow at a CAGR of 6.7% Between 2017 and 2022 and is Expected to be Worth at USD 40.42 Billion by 2022

FEATURED COMPANIES

  • ABB
  • Cisco Systems
  • Fanuc
  • Huawei Technologies
  • Nextnine
  • SAP SE
  • MORE

"OT market expected to grow at a significant rate between 2017 and 2022"

The operational technology (OT) market is expected to grow at a CAGR of 6.7% between 2017 and 2022 and is expected to be worth at USD 40.42 billion by 2022. The key factors driving the growth of the OT market are the development strategies implemented by the players operating in the automation ecosystem, such as mergers and acquisitions, partnerships, and collaborations; increasing demand for industrialization in emerging economies; and evolution of IIoT with the increased communication and monitoring of machines. However, the major restraining factors for the growth of this market are supply chain disruptions, lack of efficient government initiatives, and so on.

"SCADA systems expected to hold the largest share of the OT market based on control systems during the forecast period"

The supervisory control and data acquisition (SCADA) systems hold the largest share in the OT market for control systems. The acceleration in adoption of IoT has increased the use of connected devices, and the demand for automation will keep driving the market for control systems such as DCS and SCADA systems. The rapid demand for digital transformation has raised the requirements for control systems. Moreover, IIoT is urging the industries to automate their plant and their production process to gain a competitive edge over the peers. DCS provides the finest control for regulatory applications and is used for the integration of power measuring devices, drives, and soft starters.

"Wired technology expected to hold the largest share of the overall OT market in 2017"

Wired networks are safe and reliable, and hence they continue to be one of the most preferred technology in the industrial organizations. The wired networking technologies which are essential for establishing connectivity among the OT solutions are Industrial Ethernet, Modbus, PROFINET, Foundation Fieldbus, HART, and others (CAN, SDI, and CDE). These are widely used in the end-user industry across various process industries such as oil and gas, food and beverages, chemical, pharmaceutical, and others.

"OT market in North America expected to grow at the fastest rate during the forecast period"

The OT market in North America is expected to grow at the fastest rate between 2017 and 2022. North America is one of the key growth regions for the OT market. A significant number of technology providers as well as new start-up companies are offering their products and solutions to process as well as non-process industries through system integrators and IT service providers. Various industries such as food and beverages, oil and gas, and chemical functional in the region have significantly entered the market through partnerships and collaborations. This development has created a huge growth potential for the OT market in North America.

The break-up of the profiles of primary participants for the report has been given below.

  • By Company Type: Tier 1 = 55%, Tier 2 = 30%, and Tier 3 = 15%
  • By Designation: C-Level Executives = 50%, Directors = 25%, and Others = 25%
  • By Region: North America = 35%, Europe = 25%, APAC = 30%, and RoW = 10%

The key players operating in the OT market are ABB (Switzerland), General Electric (US), Yokogawa Electric (Japan), Rockwell Automation (US), IBM (US), Oracle (US), SAP SE (Germany), Siemens AG (Germany), Emerson (US), Schneider Electric (France), Huawei Technologies (China), Accenture (US), and so on.

Research Coverage:

The research report on the OT market covers the market segmented on the basis of following segments: component, networking technology, end-user industry, and geography. The market has been segmented on the basis of components into field devices, control systems, and services. On the basis of networking technology, the OT market has been classified into wired technology and wireless technology. The market has been segmented on the basis of end-user industry into the process (food and beverages, chemical, oil and gas, energy and power, metals and mining, and others including pulp and paper and pharmaceutical industries) and the non-process (aerospace and defense, automotive, medical, agriculture, and building) industries. The report covers the market based on four major regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:

  • Illustrative segmentation, analysis, and forecast for the market based on component, networking technology, end-user industry, and geography have been conducted to give an overall view of the OT market.
  • The value chain analysis is provided to provide an in-depth insight into the OT market.
  • The major drivers, restraints, opportunities, and challenges for the OT market have been detailed in this report.
  • The report includes a detailed competitive landscape, in-depth DIVE analysis, and revenue of the key players.
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FEATURED COMPANIES

  • ABB
  • Cisco Systems
  • Fanuc
  • Huawei Technologies
  • Nextnine
  • SAP SE
  • MORE
1 Introduction

    1.1 Objectives of the Study

    1.2 Market Definition

    1.3 Study Scope

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Currency

    1.5 Limitations

    1.6 Stakeholders

2 Research Methodology

    2.1 Research Data

           2.1.1 Secondary and Primary Research

           2.1.2 Secondary Data

                    2.1.2.1 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 Breakdown of Primaries

    2.2 Market Size Estimation

           2.2.1 Bottom-Up Approach

           2.2.2 Top-Down Approach

    2.3 Market Breakdown and Data Triangulation

    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

    4.1 Attractive Growth Opportunities for the Operational Technology (OT) Market

    4.2 OT Market, By Component (2017-2022)

    4.3 OT Market, By End-User Industry and Geography (2017)

    4.4 OT Market, By Geography (2017)

5 Market Overview

    5.1 Introduction

    5.2 Evolution

    5.3 Market Dynamics

           5.3.1 Drivers

                    5.3.1.1 Increasing Demand for Industrialization in Emerging Economies

                    5.3.1.2 Changing Needs and Preferences of Customers

                    5.3.1.3 Evolution of Iiot and Increased Communication and Monitoring of Machines

                    5.3.1.4 Growing Demand for Smart Automation Solutions

                    5.3.1.5 Inorganic Growth Strategies in the Automation Ecosystem

           5.3.2 Restraints

                    5.3.2.1 Supply Chain Disruptions

                    5.3.2.2 Lack of Sufficient Initiatives From the Governments

           5.3.3 Opportunities

                    5.3.3.1 Increasing Focus on Renewable Energy

                    5.3.3.2 Demand for Predictive Maintenance Services

           5.3.4 Challenges

                    5.3.4.1 Risk of Cyberattacks

                    5.3.4.2 Lack of Research and Development

    5.4 Value Chain Analysis

6 Operational Technology Market, By Component

    6.1 Introduction

    6.2 Field Devices

           6.2.1 Valves

           6.2.2 Actuators

           6.2.3 Transmitters

           6.2.4 Switches

    6.3 Control Systems

           6.3.1 Scada Systems

           6.3.2 DCS

           6.3.3 PLC

           6.3.4 PLM Systems

           6.3.5 MES

           6.3.6 Safety Automation Systems

    6.4 Services

           6.4.1 Oem Services

           6.4.2 Remote Diagnostics and Maintenance Services

           6.4.3 Predictive Maintenance Services

7 Operational Technology Market, By Networking Technology

    7.1 Introduction

    7.2 Wired Technology

           7.2.1 Ethernet

           7.2.2 Modbus

           7.2.3 Profinet

           7.2.4 Foundation Fieldbus

           7.2.5 Hart

           7.2.6 Others

    7.3 Wireless Technology

           7.3.1 WiFI

           7.3.2 Zigbee

           7.3.3 Whart

           7.3.4 Isa100

           7.3.5 Bluetooth

           7.3.6 Cellular Technologies

           7.3.7 Satellite Technologies

8 Operational Technology Market, By End-User Industry

    8.1 Introduction

    8.2 Process Industry

           8.2.1 Food and Beverages

           8.2.2 Chemical

           8.2.3 Energy and Power

           8.2.4 Oil and Gas

           8.2.5 Metals and Mining

           8.2.6 Others

    8.3 Non-Process Industries

           8.3.1 Aerospace and Defense

           8.3.2 Automotive

           8.3.3 Medical

           8.3.4 Agriculture

           8.3.5 Building

9 Operational Technology Market, Geographical Analysis

    9.1 Introduction

    9.2 North America

           9.2.1 US

           9.2.2 Canada

           9.2.3 Mexico

    9.3 Europe

           9.3.1 UK

           9.3.2 Germany

           9.3.3 France

           9.3.4 Rest of Europe

    9.4 APAC

           9.4.1 China

           9.4.2 Japan

           9.4.3 India

           9.4.4 Rest of APAC

    9.5 RoW

           9.5.1 South America

           9.5.2 Middle East

           9.5.3 Africa

10 Competitive Landscape

     10.1 Overview

     10.2 Market Rank Analysis: OT Market

     10.3 Competitive Situation and Trends

     10.4 Company Dive Analysis

             10.4.1 Vanguards

             10.4.2 Dynamic

             10.4.3 Innovators

             10.4.4 Emerging

     10.5 Product Offerings (Technology Providers)

     10.6 Product Offerings (IT Service Providers)

     10.7 Business Strategies (Technology Providers)

     10.8 Business Strategies (IT Service Providers)
  • Top 25 Companies Analysed for This Study are - Huawei Technologies (China); Accenture (US); Wipro (India); Cisco Systems (US); Oracle (US); IBM (US); SAP SE (Germany); Cognizant (US); Nextnine (US); Scadafence (Israel); Hewlett-Packard (US); NEC Corporation (Japan); Wood Group (US); Wunderlich-Malec Eng. (US); Advantech (US); General Electric (US); Siemens AG (Germany); ABB (Switzerland); Rockwell Automation (US); Yokogawa Electric (Japan); Fanuc (US); Tesco Controls (US); Honeywell International (US); Emerson Electric (US); Schneider Electric (France)
11 Company Profiles

     11.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, View) -

     11.2 ABB

     11.3 Siemens AG

     11.4 Honeywell International

     11.5 General Electric

     11.6 Schneider Electric

     11.7 Rockwell Automation

     11.8 Yokogawa Electric

     11.9 Emerson Electric

     11.10 Advantech

     11.11 Fanuc

     11.12 Nextnine

     11.13 Scadafence

     11.14 Wood Group Mustang

     11.15 Wunderlich-Malec Engineering

     11.16 Tesco Controls

     11.17 SAP SE

     11.18 IBM Limited

     11.19 Cisco Systems

     11.20 Oracle

     11.21 Huawei Technologies

     11.22 Hewlett-Packard Enterprise

     11.23 NEC Corporation

     11.24 Cognizant

     11.25 Accenture

     11.26 Wipro
  • Details on Business Overview, Products & Services, Key Insights, Recent Developments, View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix

     12.1 Insights of Industry Experts

     12.2 Discussion Guide

List of Tables

Table 1 List of Major Secondary Sources
Table 2 OT Market, 2014-2022 (USD Billion)
Table 3 OT Market, By Component, 2014-2022 (USD Billion)
Table 4 OT Market, By Field Device, 2014-2022 (USD Million)
Table 5 OT Market for Valves, By Process Industry, 2014-2022 (USD Million)
Table 6 OT Market for Valves, By Non-Process Industry, 2014-2022 (USD Million)
Table 7 OT Market for Actuators, By Process Industry, 2014-2022 (USD Million)
Table 8 OT Market for Actuators, By Non-Process Industry, 2014-2022 (USD Million)
Table 9 OT Market for Transmitters, By Process Industry, 2014-2022 (USD Million)
Table 10 OT Market for Transmitters, By Non-Process Industry, 2014-2022 (USD Million)
Table 11 OT Market for Switch, By Process Industry, 2014-2022 (USD Million)
Table 12 OT Market for Switches, By Non-Process Industry, 2014-2022 (USD Million)
Table 13 OT Market, By Control System, 2014-2022 (USD Million)
Table 14 OT Market for Scada Systems, By Process Industry, 2014-2022 (USD Million)
Table 15 OT Market for Scada Systems, By Non-Process Industry, 2014-2022 (USD Million)
Table 16 OT Market for DCS, By Process Industry, 2014-2022 (USD Million)
Table 17 OT Market for PLC, By Process Industry, 2014-2022 (USD Million)
Table 18 OT Market for PLC, By Non-Process Industry, 2014-2022 (USD Million)
Table 19 OT Market for PLM Systems, By Process Industry, 2014-2022 (USD Million)
Table 20 OT Market for PLM Systems, By Non-Process Industry, 2014-2022 (USD Million)
Table 21 OT Market for MES, By Process Industry, 2014-2022 (USD Million)
Table 22 OT Market for MES, By Non-Process Industry, 2014-2022 (USD Million)
Table 23 OT Market for Safety Automation Systems, By Process Industry, 2014-2022 (USD Million)
Table 24 OT Market for Safety Automation, By Non-Process Industry, 2014-2022 (USD Million)
Table 25 OT Market, By Service, 2014-2022 (USD Billion)
Table 26 OT Market for Oem Services, By Process Industry, 2014-2022 (USD Million)
Table 27 OT Market for Oem Services, By Non-Process Industry, 2014-2022 (USD Million)
Table 28 OT Market for Remote Diagnostics and Maintenance Services, By Process Industry, 2014-2022 (USD Million)
Table 29 OT Market for Remote Diagnostics and Maintenance Services, By Non-Process Industry, 2014-2022 (USD Million)
Table 30 OT Market for Predictive Maintenance Services, By Process Industry, 2014-2022 (USD Million)
Table 31 OT Market for Predictive Maintenance Services, By Non-Process Industry, 2014-2022 (USD Million)
Table 32 OT Market, By Networking Technology, USD Billion, (2017-2022)
Table 33 OT Market, By Wired Technology, 2017-2022, (USD Million)
Table 34 OT Market, By Wireless Technology, 2017-2022 (USD Million)
Table 35 OT Market, By Process Industry, 2014-2022 (USD Million)
Table 36 Field Devices Market for Food and Beverages Industry, By Networking Technology, 2014-2022 (USD Million)
Table 37 Control Systems Market for Food and Beverages Industry, By Networking Technology, 2014-2022 (USD Million)
Table 38 Field Devices Market for Chemical Industry, By Networking Technology, 2014-2022 (USD Million)
Table 39 Control Systems Market for Chemical Industry, By Networking Technology, 2014-2022 (USD Million)
Table 40 Field Devices Market for Energy and Power Industry, By Networking Technology, 2014-2022 (USD Million)
Table 41 Control Systems Market for Energy and Power Industry, By Networking Technology, 2014-2022 (USD Million)
Table 42 Field Devices Market for Oil and Gas, By Networking Technology, 2014-2022 (USD Million)
Table 43 Control Systems Market for Oil and Gas Industry, By Networking Technology, 2014-2022 (USD Million)
Table 44 Field Devices Market for Metals and Mining Industry, By Networking Technology, 2014-2022 (USD Million)
Table 45 Control Systems Market for Metals and Mining Industry, By Networking Technology, 2014-2022 (USD Million)
Table 46 Field Devices Market for Others, By Networking Technology, 2014-2022 (USD Million)
Table 47 Control Systems Market for Others, By Networking Technology, 2014-2022 (USD Million)
Table 48 OT Market, By Non-Process Industry, 2014-2022 (USD Million)
Table 49 Field Devices Market for Aerospace and Defense Industry, By Networking Technology, 2014-2022 (USD Million)
Table 50 Control Systems Market for Aerospace and Defense Industry, By Networking Technology, 2014-2022 (USD Million)
Table 51 Field Devices Market for Automotive Industry, By Networking Technology, 2014-2022 (USD Million)
Table 52 Control Systems Market for Automotive Industry, By Networking Technology, 2014-2022 (USD Million)
Table 53 Field Devices Market for Medical Industry, By Networking Technology, 2014-2022 (USD Million)
Table 54 Control Systems Market for Medical Industry, By Networking Technology, 2014-2022 (USD Million)
Table 55 Field Devices Market for Agriculture, By Networking Technology, 2014-2022 (USD Million)
Table 56 Control Systems Market for Agriculture Industry, By Networking Technology, 2014-2022 (USD Million)
Table 57 Field Devices Market for Building, By Networking Technology, 2014-2022 (USD Million)
Table 58 Control Systems Market for Building, By Networking Technology, 2014-2022 (USD Million)
Table 59 OT Market, By Region, 2017-2022 (USD Million)
Table 60 OT Market in North America, By Country, 2014-2022 (USD Million)
Table 61 OT Market for Field Devices in North America, By Process Industry, 2014-2022 (USD Million)
Table 62 OT Market for Field Devices in North America, By Non-Process Industry, 2014-2022 (USD Million)
Table 63 OT Market for Control Systems in North America, By Process Industry, 2014-2022 (USD Million)
Table 64 OT Market for Control Systems in North America, By Non-Process Industry, 2014-2022 (USD Million)
Table 65 OT Market in Europe, By Country, 2014-2022 (USD Million)
Table 66 OT Market for Field Devices in Europe, By Process Industry, 2014-2022 (USD Million)
Table 67 OT Market for Field Devices in Europe, By Non-Process Industry, 2014-2022 (USD Million)
Table 68 OT Market for Control Systems in Europe, By Process Industry, 2014-2022 (USD Million)
Table 69 OT Market for Control Systems in Europe, By Non-Process Industry, 2014-2022 (USD Million)
Table 70 OT Market in APAC, By Country, 2014-2022 (USD Million)
Table 71 OT Market for Field Devices in APAC, By Process Industry, 2014-2022 (USD Million)
Table 72 OT Market for Field Devices in APAC, By Non-Process Industry, 2014-2022 (USD Million)
Table 73 OT Market for Control Systems in APAC, By Process Industry, 2014-2022 (USD Million)
Table 74 OT Market for Control Systems in APAC, By Non-Process Industry, 2014-2022 (USD Million)
Table 75 OT Market in RoW, By Region, 2014-2022 (USD Million)
Table 76 OT Market for Field Devices in RoW, By Process Industry, 2014-2022 (USD Million)
Table 77 OT Market for Field Devices in RoW, By Non-Process Industry, 2014-2022 (USD Million)
Table 78 OT Market for Control Systems in RoW, By Process Industry, 2014-2022 (USD Million)
Table 79 OT Market for Control Systems in RoW, By Non-Process Industry, 2014-2022 (USD Million)
Table 80 Ranking of the Key Players in the OT Market, 2016

List of Figures

Figure 1 OT Market Segmentation
Figure 2 OT Market: Research Design
Figure 3 OT Market: Bottom-Up Approach
Figure 4 OT Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 OT Market Segmentation
Figure 8 OT Market for DCS Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Oil and Gas Industry Expected to Hold the Largest Size of the OT Market Based on Process Industry During the Forecast Period
Figure 10 Wired Technology Expected to Grow at A High CAGR During the Forecast Period
Figure 11 OT Market, By Geography, 2017
Figure 12 Adoption of Smart Automation Solutions Expected to Drive OT Market in North America During the Forecast Period
Figure 13 Control Systems Market for DCS Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 14 Oil and Gas Industry Expected to Hold the Largest Share of the OT Market Based on End-User Industry in 2017
Figure 15 US Expected to Hold the Largest Share of the OT Market in 2017
Figure 16 Evolution of OT
Figure 17 Evolution of Iiot and Increased Communication and Monitoring of Machines Drives the OT Market
Figure 18 Major Elements of OT Value Chain
Figure 19 Services is Expected to Hold the Largest Size of the OT Market for Components Between 2017 and 2022
Figure 20 Control Systems Market for DCS is Expected to Grow at the Highest Rate During the Forecast Period
Figure 21 Service-Based OT Market for Predictive Maintenance Services Expected to Grow at Highest Rate Between 2017 and 2022
Figure 22 OT Market for Wired Technology Expected to Grow at A Higher Rate During the Forecast Period
Figure 23 Market for Ethernet Wired Technology Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 24 Market for Satellite Wireless Technology Expected to Grow at the Highest Rate During the Forecast Period
Figure 25 OT Market, By End-User Industry
Figure 26 Oil and Gas Industry Expected to Hold the Largest Size of the OT Market for Process Industry By 2022
Figure 27 Building Industry is Expected to Hold the Largest Size of the OT Market Based on the Non-Process Industries Between 2017 and 2022
Figure 28 OT Market in the US to Grow at the Highest Rate During the Forecast Period
Figure 29 Overview of the OT Market in North America
Figure 30 US Expected to Hold the Largest Size of the OT Market in North America Between 2017 and 2022
Figure 31 Overview of the OT Market in Europe
Figure 32 OT Market in Germany Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 33 Overview of the OT Market in APAC
Figure 34 China Expected to Hold the Largest Size of the OT Market in APAC During the Forecast Period
Figure 35 Overview of the OT Market in RoW
Figure 36 Middle East Expected to Hold the Largest Size of the OT Market in RoW By 2022
Figure 37 Companies Adopted New Product Launches and Developments as the Key Growth Strategies Between 2014 and 2017
Figure 38 Dive Chart for Technology Providers
Figure 39 Dive Chart for IT Service Providers
Figure 40 Geographic Revenue Mix of the Top 5 Players (2016)
Figure 41 ABB: Company Snapshot
Figure 42 Siemens AG: Company Snapshot
Figure 43 Honeywell International: Company Snapshot
Figure 44 General Electric: Company Snapshot
Figure 45 Schneider Electric: Company Snapshot
Figure 46 Rockwell Automation: Company Snapshot
Figure 47 Yokogawa Electric: Company Snapshot
Figure 48 Emerson Electric: Company Snapshot
Figure 49 Advantech: Company Snapshot
Figure 50 Fanuc: Company Snapshot
Figure 51 Wood Group Mustang: Company Snapshot
Figure 52 SAP SE: Company Snapshot
Figure 53 IBM: Company Snapshot
Figure 54 Cisco Systems: Company Snapshot
Figure 55 Oracle: Company Snapshot
Figure 56 Huawei Technologies: Company Snapshot
Figure 57 Hewlett-Packard Enterprise: Company Snapshot
Figure 58 NEC Corporation : Company Snapshot
Figure 59 Cognizant: Company Snapshot
Figure 60 Accenture: Company Snapshot
Figure 61 Wipro: Company Snapshot
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  • ABB
  • Accenture
  • Advantech
  • Cisco Systems
  • Cognizant
  • Emerson Electric
  • Fanuc
  • General Electric
  • Hewlett-Packard Enterprise
  • Honeywell International
  • Huawei Technologies
  • IBM Limited
  • NEC Corporation
  • Nextnine
  • Oracle
  • Rockwell Automation
  • SAP SE
  • Scadafence
  • Schneider Electric
  • Siemens AG
  • Tesco Controls
  • Wipro
  • Wood Group Mustang
  • Wunderlich-Malec Engineering
  • Yokogawa Electric
Note: Product cover images may vary from those shown
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