Technologies have provided administrators to perform their tasks remotely and getting work done in the real time. Operational technology is the category of hardware and software that controls the physical processes, devices and infrastructures. Earlier operational technology was only used in industrial control systems for manufacturing, transportation and utilities and also the technologies had networking limitation.
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The Global Operational Technology Market accounted to USD XX.XX million in 2018 growing at a CAGR of XX.XX% during the forecast period of 2019 to 2026 (Current Year Statistic Will Be Provided in Report), Globally. Some of the major players of the global market are
- Siemens AG
- Honeywell International Inc.
- General Electric
- Schneider Electric
- Rockwell Automation, Inc.
- SAP SE
- IBM Corporation
- Cisco Systems
- Huawei Technologies Co., Ltd.
- Hewlett Packard Enterprise Development LP
Others: Cognizant, Accenture, Wipro, Yokogawa India Ltd., Emerson, Advantech Co., Ltd., FANUC INDIA Private Limited., Nextnine Inc., SCADAfence, John Wood Group PLC, Wunderlich-Malec, TESCO CONTROLS, INC., NEC India Pvt. Ltd. and others.
The conventional mechanically driven operation is now being replaced by operational technology in advent of the technological advancements in communication and networking. Now, such physical devices are becoming smart and also increasing trend for smart operational technologies.
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Major Market Drivers & Restraints:
- Growing demand for smart automation solutions
- Changing needs and preferences of customers
- Increasing demand for industrialization in emerging economies
- Lack of sufficient initiatives from the governments
- Supply chain disruptions
- The global operational technology market is segmented on the basis of component into
- Field devices
- Control system
- The field devices segment is further sub segmented into
- The control systems segment is further sub segmented into
- SCADA systems
- PLM systems
- Safety Automation Systems
- The services segment is further sub segmented into
- OEM services
- remote diagnostics
- maintenance services
- predictive maintenance services
- On the basis of networking technology, the global operational technology market is segmented into
- wired technology
- wireless technology
- The wired technology segment is further sub segmented into
- Foundation fieldbus
- The wireless technology segment is further sub segmented into
- Cellular Technologies
- Satellite Technologies
- On the basis of end-user, the global operational technology market is segmented into
- Process industry
- Non-process industries
- The process industry segment is further sub segmented into
- Food And Beverages
- Energy And Power
- Oil And Gas
- Metals And Mining
- The non-process industry segment is further sub segmented into
- Aerospace And Defense
- On the basis of geography, the global operational technology market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
- North America is expected to dominate the market.
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