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North America Operational Technology Market Size, Share & Industry Trends Analysis Report By Networking Technology, By Component, By Industry, By Country and Growth Forecast, 2022 - 2028

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    Report

  • 137 Pages
  • May 2022
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615667
The North America Operational Technology Market is expected to witness market growth of 5.0% CAGR during the forecast period (2022-2028).

Organizations can use their standardization knowledge to promote compatibility and interoperability by leveraging well-defined standards. Connecting many proprietary systems can be time-consuming and expensive, limiting a company's capacity to grow such solutions. Proprietary technology is a thing of the past due to open standards. Open standards facilitate integration and enable enterprises to scale the systems without compromising overall performance. Virtual machines and Cloud services can host plant or manufacturing-floor servers, minimizing on-site equipment and allowing remote systems to be readily connected. Without the limitations of traditional solutions, businesses can expand their internal infrastructures.

The convergence of Information Technology and Operational Technology makes data available to all levels of a company, resulting in significant benefits. These advantages alleviate problem areas in four key areas that businesses are concerned about: decision-making, cost, risk, and standardization. Organizations will profit substantially from the technology advances and performance enhancements that will result as the IT/OT convergence progresses.

OT is essential to the operation of critical infrastructure in the United States, which are frequently highly inter-connected and mutually dependent systems. While many of the nation's vital infrastructures are operated by federal agencies 495, many more are privately owned and operated by 496. Because of the inter-dependencies that exist between different industrial sectors as well as 498 interconnections between business partners, essential infrastructures are commonly termed as a "system of systems" 497.

More systems are becoming vulnerable to comprehensive threats as more operational technology components depend on IP-based services. The notion that an in-house network administration team can handle a network both internally and internationally - and safeguard it from all forms of assault. A typical network analyst, for example, is responsible for analyzing, planning, ordering and installing any equipment required for a network, which necessitates a thorough understanding of network user needs, network statistics, and baseline metrics, among other abilities. The transfer of network data analysis to different forms of autonomy, automation, and/or artificial intelligence is becoming more common.

The US market dominated the North America Operational Technology Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $44,928.9 million by 2028. The Canada market is experiencing a CAGR of 7.4% during (2022 - 2028). Additionally, The Mexico market is expected to exhibit a CAGR of 6.4% during (2022 - 2028).

Based on Networking Technology, the market is segmented into Wired and Wireless. Based on Component, the market is segmented into Control Systems (Distributed Control System & SCADA, Warehouse Management System, Plant Asset Management & Functional Safety, Human Machine Interface, and Manufacturing Execution System), Field Devices (Industrial Sensors, Industrial Valves, Transmitters, and Actuators), and Services. Based on Industry, the market is segmented into Machine Manufacturing, Automotive, Aerospace & Defense, Semiconductor & Electronics, Chemical, Oil & Gas, Pharmaceuticals & Medical Devices, Pulp & Paper, Metals & Mining, Food & Beverages, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, ABB Group, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric (GE) Co., Honeywell International, Inc., Oracle Corporation, IBM Corporation, Rockwell Automation, Inc., and Emerson Electric Co.

Scope of the Study


Market Segments Covered in the Report:


By Networking Technology

  • Wired
  • Wireless

By Component

  • Control Systems
    • Distributed Control System & SCADA
    • Warehouse Management System
    • Plant Asset Management & Functional Safety
    • Human Machine Interface
    • Manufacturing Execution System

  • Field Devices
    • Industrial Sensors
    • Industrial Valves
    • Transmitters
    • Actuators

  • Services

By Industry

  • Machine Manufacturing
  • Automotive, Aerospace & Defense
  • Semiconductor & Electronics
  • Chemical, Oil & Gas
  • Pharmaceuticals & Medical Devices
  • Pulp & Paper
  • Metals & Mining
  • Food & Beverages
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players


List of Companies Profiled in the Report:

  • Siemens AG
  • ABB Group
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • General Electric (GE) Co.
  • Honeywell International, Inc.
  • Oracle Corporation
  • IBM Corporation
  • Rockwell Automation, Inc.
  • Emerson Electric Co.

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Operational Technology Market, by Networking Technology
1.4.2 North America Operational Technology Market, by Component
1.4.3 North America Operational Technology Market, by Industry
1.4.4 North America Operational Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisitions and Mergers: 2018, Jul - 2021, Dec) Leading Players
Chapter 4. North America Operational Technology Market by Networking Technology
4.1 North America Wired Market by Country
4.2 North America Wireless Market by Country
Chapter 5. North America Operational Technology Market by Component
5.1 North America Control Systems Market by Country
5.2 North America Operational Technology Market by Control Systems Type
5.2.1 North America Distributed Control System & SCADA Market by Country
5.2.2 North America Warehouse Management System Market by Country
5.2.3 North America Plant Asset Management & Functional Safety Market by Country
5.2.4 North America Human Machine Interface Market by Country
5.2.5 North America Manufacturing Execution System Market by Country
5.3 North America Field Devices Market by Country
5.4 North America Operational Technology Market by Field Devices Type
5.4.1 North America Industrial Sensors Market by Country
5.4.2 North America Industrial Valves Market by Country
5.4.3 North America Transmitters Market by Country
5.4.4 North America Actuators Market by Country
5.5 North America Services Market by Country
Chapter 6. North America Operational Technology Market by Industry
6.1 North America Machine Manufacturing Market by Country
6.2 North America Automotive, Aerospace & Defense Market by Country
6.3 North America Semiconductor & Electronics Market by Country
6.4 North America Chemical, Oil & Gas Market by Country
6.5 North America Pharmaceuticals & Medical Devices Market by Country
6.6 North America Pulp & Paper Market by Country
6.7 North America Metals & Mining Market by Country
6.8 North America Food & Beverages Market by Country
6.9 North America Others Market by Country
Chapter 7. North America Operational Technology Market by Country
7.1 US Operational Technology Market
7.1.1 US Operational Technology Market by Networking Technology
7.1.2 US Operational Technology Market by Component
7.1.2.1 US Operational Technology Market by Control Systems Type
7.1.2.2 US Operational Technology Market by Field Devices Type
7.1.3 US Operational Technology Market by Industry
7.2 Canada Operational Technology Market
7.2.1 Canada Operational Technology Market by Networking Technology
7.2.2 Canada Operational Technology Market by Component
7.2.2.1 Canada Operational Technology Market by Control Systems Type
7.2.2.2 Canada Operational Technology Market by Field Devices Type
7.2.3 Canada Operational Technology Market by Industry
7.3 Mexico Operational Technology Market
7.3.1 Mexico Operational Technology Market by Networking Technology
7.3.2 Mexico Operational Technology Market by Component
7.3.2.1 Mexico Operational Technology Market by Control Systems Type
7.3.2.2 Mexico Operational Technology Market by Field Devices Type
7.3.3 Mexico Operational Technology Market by Industry
7.4 Rest of North America Operational Technology Market
7.4.1 Rest of North America Operational Technology Market by Networking Technology
7.4.2 Rest of North America Operational Technology Market by Component
7.4.2.1 Rest of North America Operational Technology Market by Control Systems Type
7.4.2.2 Rest of North America Operational Technology Market by Field Devices Type
7.4.3 Rest of North America Operational Technology Market by Industry
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 ABB Group
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental And Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Mitsubishi Electric Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 General Electric (GE) Co.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Honeywell International, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.7 Oracle Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 IBM Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional & Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.5.3 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Rockwell Automation, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.10. Emerson Electric Co.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Acquisition and Mergers:

Companies Mentioned

  • Siemens AG
  • ABB Group
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • General Electric (GE) Co.
  • Honeywell International, Inc.
  • Oracle Corporation
  • IBM Corporation
  • Rockwell Automation, Inc.
  • Emerson Electric Co.

Methodology

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