Operational Technology Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Operational Technology Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : March, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Operational Technology Market: Overview

Operational technology is a growing field driven by the rising adoption of Internet of Things technology in the industrial sector, which has led to widespread use of smart machine and automated production technologies and a need for stable and efficient operational technology. The clear benefits presented by the use of smart machine technology in a wide variety of industries have led to rising government support and demand from the growing startup sector. This is likely to remain the prime driver for the global operational technology market in the coming years.

Global Operational Technology Market: Key Trends

The global operational technology market derives a significant share of revenue from developed Western economies, as they have already become mature markets for smart machine and automation technology and thus exhibit consistent demand for operational technology. Nevertheless, the high potential of the industrial sector in emerging countries such as BRICS countries, ASEAN countries, and leading Latin American economies such as Brazil and Argentina is likely to be the important driver for the global operational technology market in the coming years. The rapid industrialization observed in these countries has led to rising government support for the adoption of smart machine technology, which leads to large-scale savings.

The demand for increased monitoring of utilities networks has also become a key driver for the global operational technology market. Utilities such as electricity and water have gained increasing economic relevance in several emerging countries due to their scarcity, leading to governments in several countries in Southeast Asia, Africa, and Latin America extending proactive support to incorporating smart grid technology in order to minimize the losses and maximize the potential of the distribution systems. The essential importance of a stable overarching technology in such schemes is likely to be a key driver for the global operational technology market in the coming years.

The rising demand for digitalization in the petroleum sector is a crucial driver for the global operational technology market. Due to the rising complexity of oil extraction procedures, the operational technology market has become a key tool for the petroleum and petrochemicals sectors.

Global Operational Technology Market: Market Potential

The global operational technology market has been boosted in recent years by the rising use of operational technology in the production of food and beverages. The beer market has become a major consumer in the global operational technology market in recent years due to the need to maintain uniform standards in product quality.

The rising popularity of craft beer, in particular, has the potential to become a key revenue channel for the global operational technology market in the coming years due to the need for mathematically precise ingredient measurements in craft beer. Europe is likely to become a leading market for craft beer in the coming years, enabling steady demand from the Europe operational technology market.

The U.S. beer market has seen the entry of several beer companies utilizing an operational-technology-dependent platform, while several established breweries have also incorporated automation capacities, leading to rising demand from the North America operational technology market. Popular breweries such as Stone Brewing and Sierra Nevada Brewing have made key movements in the IoT sector in recent years, while IntelligentX, a new entrant, plans to utilize machine learning in interpreting consumer feedback, allowing it to make the respective changes in its beer recipes. The use of operational technology has also become relevant due to the increased control it offers over the environmental impact of an establishment.

Global Operational Technology Market: Geographical and Competitive Dynamics

Asia Pacific is likely to play a key role in the development of the global operational technology market in the coming years, with leading regional players such as India and China likely to exhibit a strong rise. Europe could also become a key regional player in the operational technology market due to the rising support to the IoT sector.

Leading players in the global operational technology market include Cisco Systems, Yokogawa Electric, Fanuc, General Electric, Schneider Electric, Rockwell Automation, Huawei Technologies, Tesco Controls, Cognizant, Wipro, and Accenture.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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