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Operational Technology (OT) Security Market Equivalent to $ 32.4 Billion by 2027

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Chicago, July 28, 2022 / PRNewswire /- Operational Technology (OT) Security Market Size is expected to grow from estimates US $ 15.5 billion In 2022 US $ 32.4 billion By 2027, the compound annual growth rate (CAGR) from 2022 to 2027 was 15.8%. According to a new report by Markets and Markets ™. Factors driving market growth include increasing use of digital technology in industrial systems, strict government regulations related to CIP to facilitate the adoption of OT security solutions, and driving growth in the OT security market. IT system and OT system integration for.

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Deployment mode predicts that the cloud segment will grow at a high CAGR during the forecast period

Based on the deployment mode, the OT security market falls into two categories: on-premises and cloud. The cloud-based deployment mode of OT security solutions provides organizations with cloud-based solutions that provide scalability, speed, and enhanced OT security. As applications are deployed to the cloud, the need for cloud-based OT security solutions is increasing among small and medium-sized businesses and large enterprises. Cloud-based OT security solutions are preferred over on-premises security solutions because they provide a cost-effective approach to enterprises across the industry to enhance cybersecurity. In addition to this, OT Security’s cloud-based solution helps organizations reduce the costs associated with expensive hardware equipment required for storage, power, and cooling. The cloud-based deployment mode also reduces the cost of IT maintenance by the organization, so the cloud segment is expected to grow at a higher CAGR during the forecast period.

By industry, the manufacturing segment retains a large market size during the forecast period

Among the industries, the manufacturing industry dominates the market size of OT security solutions. Increasing manufacturing attacks mean that there is a decisive need for companies to take responsibility for the OT infrastructure needed to protect OT systems and network endpoints. The driving force behind the market-wide growth of OT security solutions is to help organizations overcome operational challenges, overcome challenges associated with increased supply and inventory management costs, and drive increased OT security. Solutions that include security solutions and service requirements are in demand on the market.

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By region, Asia Pacific Grow at the highest CAGR during the prediction interval

The OT security market is divided into five regions: USA, Europe, Asia PacificWhen middle east When Africa.. The Asia Pacific The region is projected to grow at the fastest growing CAGR during the forecast period. The Asia Pacific It is composed of the following emerging economies India, China, JapanAnd the rest Asia Pacific With effective government regulation and technological advances, we are rapidly adopting OT solutions. Sector-specific cybersecurity, R & D, and PPP are among the drivers of growth for OT solutions in the region.Most organizations Asia The region considers OT security to be very important for business security, including the Americas and Europe.. These factors have the highest CAGR. Asia Pacific region.

Key player

Major vendors in the global OT security market include Broadcom (US), Cisco (US), Fortinet (US), Forcepoint (US), Forescout (US), Tenable (US), and Check Point (US).Israel), FireEye (TRELLIX) (US), Zscaler (US), Okta (US), Palo Alto Networks (US), Darktrace (UK), CyberArk (US), BeyondTrust (US), Microsoft (US), Kaspersky (US)Russia), Nozomi Network (Switzerland), Sophos (UK), TripWire (US), Radiflow (Israel), SentinelOne (US), Thales (France), Bayshore Networks (OPSWAT) (US), Rapid7 (US), Qualys (US), Claroty (US), Dragos (US), SCADAfence (US), Armis (US), Cydome (Israel), Mission Secure (USA), Ordr (USA), Rumble Inc (USA), and SIGA (OT Solution) (Israel).

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