Operational Technology (OT) Security Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast -2028

Operational Technology (OT) Security Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast -2028
Broadcom (US), Cisco (US), Fortinet (US), Forcepoint (US), Forescout (US), Trellix (US), Zscaler (US), Darktrace (UK), CyberArk (US), BeyondTrust (US), Microsoft (US), Kaspersky (Russia), Nozomi Networks (US), Rapid7 (US), Checkpoint (Israel), Okta (US), Palo Alto Networks (US), Qualys (US), Radiflow (US), SentinelOne (US), Sophos (UK), and Sectrio (US).
Operational Technology (OT) Security Market by Offering (Solutions & Services), Deployment Mode, Organization Size (SMEs & Large Enterprises), Verticals (Manufacturing, Energy & Power, Oil & Gas) & Region – Global Forecast to 2028

The global OT security market is anticipated to witness substantial growth in the coming years, according to a forecast by MarketsandMarkets. The market size is projected to expand from an estimated value of USD 17.9 billion in 2023 to approximately USD 38.2 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 16.3% from 2023 to 2028. Several factors contribute to this growth such as Increasing Cyber Attacks Targeting OT Systems, the growing utilization of digital technologies in industrial systems, such as the Industrial Internet of Things (IIoT) and cloud computing, Organizations across various sectors are recognizing the potential consequences of OT breaches and are proactively investing in OT security solutions.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18524133

What is OT Security?

According to Check Point, OT security is designed to meet the unique security needs of OT environments. This includes protecting system availability, understanding OT-specific protocols, and blocking attacks targeting the legacy systems commonly used in OT environments.

By deployment mode, the On-Premises segment is projected to hold the largest market share during the forecast period.

The operational technology (OT) security market can be classified based on deployment into two main segments: cloud and on-premises, per business requirements. These deployment options offer distinct advantages and considerations for organizations seeking to secure their critical infrastructure from cyber threats. The cloud deployment mode of OT security solutions provides enterprises with cloud-based solutions that offer speed, scalability, and enhanced OT security. As more applications are deployed in the cloud, there is an increase in the need for cloud-based OT security solutions among SMEs and large enterprises. The on-premises deployment mode enables organizations to control all OT security solutions, such as NGFWs, threat investigation, antivirus/antimalware protection, and next-generation intrusion prevention systems.

By verticals, the manufacturing segment holds a larger market size during the forecast period.

OT security solutions are being implemented across various verticals, such as manufacturing, energy & power (generation), oil & gas (distribution), transportation, and logistics. Among the verticals, the manufacturing vertical dominates the OT security solutions market size. The increasing attacks on the manufacturing vertical imply a crucial need for companies with OT infrastructure responsibility to secure the endpoints of their OT systems and networks. The drivers for market size growth of OT security solutions include the requirement of OT security solutions and services to help organizations overcome operational challenges and overcome the challenges associated with the cost of supplies and increased cost of inventory management, resulting in the increment of OT security solutions demand in the market.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=18524133

Unique Features in the Operational Technology (OT) Security Market 

By monitoring industrial networks and spotting unusual activity or departures from standard operating procedures, OT security solutions enable early identification and reaction to possible security events or operational disruptions. These solutions make use of anomaly detection algorithms.

In order to reduce the attack surface and lessen the impact of security breaches on industrial operations, OT security solutions utilise network segmentation methodologies to isolate critical OT assets and control systems from enterprise IT networks and external threats.

OT security solutions facilitate vulnerability management and risk assessment procedures by providing asset discovery and inventory capabilities to precisely identify and catalogue all connected devices, sensors, controllers, and other OT assets within industrial networks.

In order to monitor industrial communication protocols like Modbus, DNP3, and OPC-UA, OT security systems offer deep packet inspection and protocol analysis capabilities. This enables granular insight into OT network traffic and facilitates threat identification and incident response.

Centralised security control and coordination are made possible by OT security solutions that interface with SCADA platforms and industrial control systems to offer seamless visibility, monitoring, and security management across diverse OT environments.

Major Highlights of the Operational Technology (OT) Security Market 

Organisations looking to enhance their internal OT security capabilities, control security threats, and strengthen overall cybersecurity posture in industrial settings are driving increased demand for managed OT security services from outside experts.

In order to reduce downtime and disruption to industrial operations during security incidents, organisations are placing a higher priority on incident response preparedness in OT security. This includes investing in incident response orchestration and automation tools, creating and executing incident response plans, and regularly performing tabletop exercises and simulations.

Organisations are looking for secure remote access solutions that allow authorised staff, contractors, and outside vendors to securely connect to industrial networks while maintaining the confidentiality, integrity, and availability of OT resources due to the growing need for remote access to vital OT systems and assets.

Network segmentation and zero trust architecture are becoming more and more important in OT security. Organisations are putting these strategies into practice to protect operational zones, control systems, and critical OT assets from outside threats and unauthorised access. This lowers the attack surface and lessens the impact of security breaches on industrial operations.

In order to monitor industrial network traffic, detect potential security events or operational anomalies in real time, and identify anomalous behaviour or deviations from typical operating circumstances, organisations are implementing anomaly detection and behavioural analytics technology in OT security systems.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=18524133

Competitive Overview:

Some of the well-established players that dominate the OT security market globally include Cisco (US), Fortinet (US), Forcepoint (US), Broadcom (US), Palo Alto Networks (US) and Checkpoint (Israel). These players have implemented diverse growth strategies to enhance their market presence, including forming partnerships, entering agreements, fostering collaborations, engaging in acquisitions, and advancing product developments.

Cisco is a prominent player in the OT security market, offering comprehensive solutions to address the evolving cybersecurity challenges faced by operational technology (OT) networks. Cisco has gained a strong reputation as a trusted global provider of OT security solutions due to its robust business presence. Cisco’s business strategy focuses on delivering end-to-end security solutions encompassing IT and OT environments. The company leverages its extensive expertise in networking and cybersecurity to provide robust and scalable solutions for securing industrial systems. Cisco offers a wide range of products and services tailored specifically for OT security. These include network security solutions, threat detection and prevention systems, secure remote access solutions and security analytics tools. The company serves various industries, including cities and communities, education, financial services, government, healthcare, manufacturing, mining, oil and gas, retail, sports and entertainment, transportation, and utilities. Cisco operates globally and has a strong presence in various regions around the world, such as North America, EMEA, and Asia Pacific.

Fortinet is one of the leading players in the OT security market, providing comprehensive cybersecurity solutions for operational technology networks. With a strong business presence, the company is recognized globally for its trusted OT security offerings. The company offers a wide range of tailored products and services for OT security, including firewalls, intrusion prevention systems, secure access solutions, and threat intelligence platforms. These solutions are geared toward protecting critical infrastructure, manufacturing processes, and OT assets from cyber threats. Fortinet prioritizes research and development (R&D) to drive innovation in the OT security space. The company enhances threat detection and response capabilities in OT networks by advancing technologies such as artificial intelligence (AI), machine learning (ML), and behavioral analytics. Fortinet operates across various regions globally, serving customers and establishing its presence in key markets such as North America, EMEA, APAC and Latin America.

Palo Alto Networks is a prominent player in the OT security market, specializing in providing comprehensive cybersecurity solutions for operational technology networks. The company has established a strong presence and is well-regarded for its expertise in securing critical infrastructure and industrial systems. Palo Alto Networks’ business strategy revolves around delivering advanced security solutions that address the unique challenges faced by OT environments. The company leverages its cutting-edge technologies, including next-generation firewalls, threat intelligence platforms, and cloud-based security services, to offer robust and scalable OT security solutions. Palo Alto Networks places great emphasis on strategic partnerships and collaborations. By collaborating with OT system integrators, industrial automation vendors, and other key stakeholders, the company develops comprehensive security solutions that address the specific needs of OT environments. Palo Alto Networks operates globally in places such as North America, EMEA, APAC, and Latin America.

In addition to major vendors, the OT security market is witnessing the emergence and growth of small and medium-sized enterprises (SMEs) and start-ups like Armis (US), Dragos (US), SCADAfence (US), Cydome (Israel), Mission Secure (US), order (US), runZero (US), and SIGA (Israel). These companies are actively evolving and establishing their presence in the OT security market.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/operational-technology-ot-security-market-18524133.html