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(EMAILWIRE.COM, March 26, 2019 ) The operational technology market was valued at USD 27.20 Billion in 2016 and is expected to grow at a CAGR of 6.7% between 2017 and 2022. The base year considered for the study is 2016, and the forecast period is between 2017 and 2022. The objective of the report is to provide a detailed analysis of the OT market based on component, networking technology, end-user industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the operational technology market. The report also provides a detailed overview of the value chain of the OT market.
Increasing demand for industrialization in emerging economies; evolution of IIoT, and increased communications and monitoring of machines; and growing demand for smart automation solutions are the key factors driving the growth of the operational technology (OT) market.
DonÂ’t miss out on business opportunities in operational technology market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=175373380
“OT market for DCS expected to grow at the highest rate during the forecast period”
The market for distributed control system (DCS) is expected to grow at the highest CAGR between 2017 and 2022. The acceleration in adoption of IoT has increased the use of connected devices; demand for automation will continue to drive 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.
“The OT market for the oil and gas industry to grow at a high rate between 2017 and 2022”
Among the process industries, the oil and gas industry accounted for the largest share of the overall OT market based on the end-user industry in 2016. Since the past few years, the global oil and gas industry has been witnessing challenges such as falling oil and gas prices, sluggish demand, and environmental concerns. OT enables the oil and gas industry to monitor the facilities remotely and gain knowledge about daily inventories and the equipment condition. The increasing number of oil and gas companies is investing in the improved control systems, software, and analytics to optimize their operations and give them a competitive advantage.
Browse and in-depth TOC on "operational technology market"
90 - Tables
61 - Figures
232 - Pages
View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/operational-technology-market-175373380.html
“North America expected to lead the OT market between 2017 and 2022”
North America is expected to hold the largest size of the OT market during the forecast period. The players in North America are emphasizing on modernizing their plants and facilities with advanced technologies. Furthermore, the adoption of smart automation technologies and a significant number of established players are driving the demand for the OT market in North America.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=175373380
The major players operating in the OT market are ABB (Switzerland), Siemens AG (Germany), General Electric (US), Honeywell International Inc. (US), Schneider Electric (France), Yokogawa Electric (Japan), Rockwell Automation, Inc. (US), Emerson (US), IBM (US), Oracle (US), SAP SE (Germany), Huawei Technologies (China), NEC Corporation (Japan), Cisco Systems (US), Accenture (US), Wipro (US), Cognizant (US), Hewlett-Packard (US).
Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketsÂ’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com 
Source: EmailWire.com
(EMAILWIRE.COM, March 26, 2019 ) The operational technology market was valued at USD 27.20 Billion in 2016 and is expected to grow at a CAGR of 6.7% between 2017 and 2022. The base year considered for the study is 2016, and the forecast period is between 2017 and 2022. The objective of the report is to provide a detailed analysis of the OT market based on component, networking technology, end-user industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the operational technology market. The report also provides a detailed overview of the value chain of the OT market.
Increasing demand for industrialization in emerging economies; evolution of IIoT, and increased communications and monitoring of machines; and growing demand for smart automation solutions are the key factors driving the growth of the operational technology (OT) market.
DonÂ’t miss out on business opportunities in operational technology market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=175373380
“OT market for DCS expected to grow at the highest rate during the forecast period”
The market for distributed control system (DCS) is expected to grow at the highest CAGR between 2017 and 2022. The acceleration in adoption of IoT has increased the use of connected devices; demand for automation will continue to drive 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.
“The OT market for the oil and gas industry to grow at a high rate between 2017 and 2022”
Among the process industries, the oil and gas industry accounted for the largest share of the overall OT market based on the end-user industry in 2016. Since the past few years, the global oil and gas industry has been witnessing challenges such as falling oil and gas prices, sluggish demand, and environmental concerns. OT enables the oil and gas industry to monitor the facilities remotely and gain knowledge about daily inventories and the equipment condition. The increasing number of oil and gas companies is investing in the improved control systems, software, and analytics to optimize their operations and give them a competitive advantage.
Browse and in-depth TOC on "operational technology market"
90 - Tables
61 - Figures
232 - Pages
View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/operational-technology-market-175373380.html
“North America expected to lead the OT market between 2017 and 2022”
North America is expected to hold the largest size of the OT market during the forecast period. The players in North America are emphasizing on modernizing their plants and facilities with advanced technologies. Furthermore, the adoption of smart automation technologies and a significant number of established players are driving the demand for the OT market in North America.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=175373380
The major players operating in the OT market are ABB (Switzerland), Siemens AG (Germany), General Electric (US), Honeywell International Inc. (US), Schneider Electric (France), Yokogawa Electric (Japan), Rockwell Automation, Inc. (US), Emerson (US), IBM (US), Oracle (US), SAP SE (Germany), Huawei Technologies (China), NEC Corporation (Japan), Cisco Systems (US), Accenture (US), Wipro (US), Cognizant (US), Hewlett-Packard (US).
Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketsÂ’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.com
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