Operational Technology Market Outlook from 2024 to 2034
The operational technology market size was projected to be US$ 19 billion in 2023. By the end of 2024, the industry is likely to reach a valuation of US$ 22.1 billion. During the forecast period, the global market for operational technology is expected to garner an 18.40% CAGR and reach a size US$ 119.6 billion by 2034.
Attributes
Details
Estimated Market Value in 2023
US$ 19 billion
Expected Market Value in 2024
US$ 22.1 billion
Expected Market Value in 2034
US$ 119.6 billion
Value based CAGR from 2024 to 2034
18.40%
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Key industry Trends and Highlights
Disaster recovery solutions- The use of operational technology is becoming more widespread in improving resilience and disaster recovery plans. Businesses use operational therapy to create strong backup plans that guarantee operations continue even in the event of unanticipated disruptions like cyberattacks or natural disasters.
Focus on edge computing- With the development of edge computing technologies, operational technology systems can now analyze data more quickly at the source, which lowers latency and improves decision making in real time.
Collaboration across industries- Operational technology facilitates more collaboration between past distinct industries, which results in creative solutions. For better production and healthcare services, for example, operational technology is used in cooperation between the manufacturing and healthcare sectors.
2019 to 2023 Historical Analysis vs. 2024 to 2034 Industry Forecast Projections
Report Attributes
Details
Market Value in 2019
US$ 10.5 billion
Market Value in 2023
US$ 19 billion
CAGR from 2019 to 2023
16%
During the historical period, the market rose at a 16% CAGR. Companies are investing in operational technology due to changing customer expectations for customized goods and services. Real time data collection and analysis empowers companies to customize their offers, improving client happiness and experiences, and eventually propelling market expansion.
Operational technology adoption is influenced by rising standards and regulations across a range of sectors. Companies make these technological investments in order to abide by laws and make sure that their operational procedures follow industry and legally specific criteria. This type of technology helps the companies to meet their regulatory requirements effectively.
Find your sweet spots for generating winning opportunities in this market.
Key Drivers of the Global Operational Technology Market
The need for operational technology solutions is fueled by the growing integration of the Internet of Things (IoT) in industrial processes, which allows for real time data collecting, analysis, and decision making.
Industry 4.0 concepts, which prioritize automation, data interchange, and smart manufacturing, are being widely adopted. This is boosting innovation and efficiency in the operational technology industry.
Operational technology adoption is fueled by the emphasis on predictive maintenance, which is made possible by sophisticated analytics and sensors. This approach enables businesses to anticipate equipment problems, reduce downtime, and prolong asset lifespan.
Challenges in the Global Operational Technology Market
Operational technology is becoming more and more connected, which exposes systems to cybersecurity risks and calls for strong defenses against potential cyberattacks and compromises on vital infrastructure.
Companies are trying to modernize and digitize their operations while making sure that there is minimum disturbance to current processes and that contemporary technologies are compatible with historical systems. This raises a difficulty.
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Comparative View of Adjacent Industries
The table below has compared two other industries, namely the surface mount technology market and weather information technology market below. This shows how the operational technology market will perform in contrast to these two industries.
The incorporation of edge computing into operational technology systems facilitates on the spot data processing, lowers latency, and improves overall system performance.
Surface Mount Technology Market:
CAGR from 2024 to 2034
11.8%
Market Value in 2024
US$ 6.4 billion
Key Trends
Surface mount technology is on the rise due to a number of factors, including the miniaturization of existing electronic components, the rising popularity of electric automobiles, and the greater use of flexible printed circuit boards.
Key Opportunities
Software developers now have more options to produce speedier and more user friendly applications as 5G networks become more widely used.
Weather Information Technology Market:
CAGR from 2024 to 2034
6.1%
Market Value in 2024
US$ 5123.5 million
Key Trends
Meteorologists are using technology such as augmented reality to create visualizations from weather radar and forecasting models, assisting viewers in getting ready for impending storms.
Key Opportunities
The weather information technology market will expand as a result of an increase in the use of sophisticated weather monitoring systems for forecasting current atmospheric and meteorological conditions in sectors like aviation, marine, and transportation.
Country wise Insights
The table below lists the top five nations expected to forecast prominent growth during the forecast period. Germany and Australia are predicted to have the maximum development among these nations.
Forecast CAGRs from 2024 to 2034
Countries
CAGR from 2024 to 2034
The United States
16.20%
Japan
17.80%
Germany
19.60%
China
18.90%
Australia
21.90%
Data Theft Concerns to Accelerate the Growth throughout the United States
The United States market for operational technology is likely to garner a 16.20% CAGR during the forecast period. Companies have been compelled to invest heavily in operational technology solutions that incorporate recent advances like IoT and analytics due to the unrelenting march toward Industry 4.0.
The purpose of this calculated effort is to increase efficiency and maintain leadership in the age of digital revolution. Companies are implementing advanced operational technology systems at an increasing rate due to growing concerns about cybersecurity risks to vital infrastructure. The objective of this proactive approach is to strengthen cybersecurity defenses and provide a strong barrier against any possible cyberattacks.
Focus on Precision Manufacturing to Boost Growth in Japan
The operational technology market in Japan is poised to expand at a 17.80% CAGR from 2024 to 2034. The adoption of OT solutions is accelerated by the strong emphasis of the country on precision manufacturing and its leadership position in technology.
The integration of complex analytics and IoT is facilitated by the national dedication to efficiency driven production techniques and innovation. A significant driver is the keen understanding of Japan towards environmental sustainability. In line with the green goals of the country, operational technology systems are essential for optimizing resource and energy usage.
The growth trajectory of this market in Japan is distinguished by its environmentally sensitive approach, which demonstrates a dedication to technical progress and eco friendly industrial processes.
Smart Manufacturing to Boost Growth in Germany
The Germany market for operational technology is poised to develop at a 19.60% CAGR during the forecast period. German businesses, known for their superior engineering, place a high value on operational technology for process optimization and precise production.
The integration of advanced operational technology systems is further highlighted by the focus on efficiency and quality. Germany has a particularly strong commitment to Industry 4.0. The country stands out for its deliberate efforts to promote automation, smart manufacturing, and human machine cooperation.
The German Mittelstand, a network of small and medium sized businesses, promotes the implementation of operational technology, demonstrating a distinctive cooperative strategy. Germany is at the forefront of operational technology innovation due to these elements, which emphasize industrial ecosystem collaboration, technological leadership, and accuracy.
Rapid Industrialization in China to Bolster the Regional Demand
The China market for operational technology is likely to expand at an 18.90% CAGR from 2024 to 2034. China is heavily focused on operational technology as a means of improving the efficiency of large scale production, driven by the rapid industrialization and technical goals of the country.
The emphasis of China on infrastructure development and digital transformation encourages the broad use of operational technology solutions. China stands out due to its strategic focus on utilizing operational technology for smart city projects.
Its trajectory in the operational technology environment is marked by the integration of operational technologies into urban planning and development, which demonstrates a distinctive approach to utilizing technology for societal improvement.
Resource Intensive Sectors in Australia to Propel Demand
The Australia operational technology market is poised to expand at a 21.90% CAGR during the forecast period. Operational technology is being used by the large and resource intensive sectors of Australia, such as mining and energy, in order to optimize operational operations.
The dedication of the country to effectively and sustainably exploiting resources highlights the significance of operational technology in these fields. Operational technology solutions are essential for controlling and monitoring operations due to its geographical difficulties, which include harsh conditions and distant places. Their national strategy to integrate operational technology for industrial growth is unique in that it recognizes the necessity for resilient and adaptable technology in the face of these obstacles.
Category wise Insights
The table below highlights how the oil and gas operations by industry type is projected to take up a significant global market share. The large enterprise segment is likely to garner a significant market share in 2024.
Category
Market share in 2024
Oil and Gas
21%
Large Enterprise
72%
Efficiency and Safety Concerns to Drive Demand for Operational Technology in Oil and Gas Operations
The oil and gas operations by industry type is expected to acquire a market share of 21% in 2024. The importance of operational technology in increasing efficiency and ensuring safety is critical for oil and gas operations. Operational technology improves operational efficiency and decreases downtime by enabling real time monitoring and management of intricate operations in refining, drilling, and distribution.
It is essential to risk management within the oil and gas industry, where safety is of utmost importance. It does this by utilizing automation and advanced sensors to avert accidents and guarantee strict adherence to rules.
To put it simply, the incorporation of operational therapy into oil and gas operations enhances output while protecting people, property, and the environment, hence strengthening the overall resilience of the industry.
Large Enterprises are at the Forefront of Using this Technology
Based on the industry type, the large enterprise segment is anticipated to take up a significant global market share. In 2024, the large enterprise segment is likely to acquire a 72% global market share.
Operational technology is a tool used by large enterprises to promote innovation and increase operational efficiency. Operational technology streamlines production procedures, cutting expenses and enhancing resource efficiency to raise total output.
Revenue growth is directly impacted by this increase in efficiency. Companies may innovate in service delivery and product creation, maintaining their competitiveness in fast paced markets, by combining IoT, automation, and data analytics through this technology.
This innovation focused strategy creates new sources of revenue in addition to drawing clients. For major companies looking to achieve sustainable development through simplified operations and ongoing technological improvements, operational technology adoption is essentially essential.
Competitive Landscape
To optimize operations, companies in the operational technology industry are implementing IoT solutions and advanced industrial automation. Efficiency and resilience are increased by the integration of cybersecurity measures along with real time data analytics.
Adopting the concepts of Industry 4.0, they give priority to connectivity and predictive maintenance in order to get a competitive advantage in this quickly changing industry.
Operational technology startups provide novel approaches, frequently upending conventional methods, to spur innovation in the industry. By utilizing IoT, AI, and data analytics, they provide scalable and reasonably priced technology. Startups provide new insights, which encourage competition and push more established firms to change, thus speeding up the advancement of operational technology.
FogHorn Systems is a firm that offers real time analytics for operational efficiency and specializes in edge computing solutions for industrial Internet of things applications.
Axiom Exergy is a firm that specializes in energy storage solutions. It uses thermal energy storage to optimize supermarket cooling systems.
Some of the prominent developments by the key companies in this domain are
Company
Key Developments
General Electric
In 2023, the company declared that SSAB ZeroTM steel will be used by GE Vernova Onshore Wind in onshore wind towers with the lowest carbon footprint in the onshore wind sector.
The steel manufactured at SSAB Americas' Iowa plant, SSAB Zero, continues to provide the increased performance qualities needed for this complex end use application while also assisting GE Vernova in meeting its carbon emission targets.
Emerson Electric Co.
In 2023, a formal deal between Emerson and NI was announced, wherein Emerson would purchase NI for $60 per share in cash, representing an equity value of $8.2 billion.
Having purchased 2.3 million shares of NI at a weighted average price of $36.84, Emerson currently holds around 2% of the outstanding shares.
The buying price of Emerson per share is $59.61.
Report Scope
Attribute
Details
Projected market value in 2024
US$ 22.1 billion
Projected market value in 2034
US$ 119.6 billion
Forecast CAGR from 2024 to 2034
18.40%
Forecast period
2024 to 2034
Historical period
2019 to 2023
Market analysis
Value in US$ billion
Key regions covered
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East & Africa
Key countries profiled
The United States
Canada
Brazil
Mexico
Germany
The United Kingdom
France
Spain
Italy
Russia
Poland
Czech Republic
Romania
India
Bangladesh
Australia
New Zealand
China
Japan
South Korea
GCC countries
South Africa
Israel
Key market segments
Component
Deployment
Connectivity
Industry
Enterprise Size
Key companies profiled
ABB
Emerson Electric Co.
General Electric
Hitachi Ltd.
Honeywell International Inc.
IBM Corporation
OMRON Corporation
Rockwell Automation
Siemens
Schneider
Segmentation Analysis of the Operational Technology Market
By Component:
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Remote Terminal Value
Human Machine Interface (HMI)
Others
Distributed Control System (DCS)
Manufacturing Execution System Market
Functional Safety
Building Management System
Plant Asset Management (PAM)
Variable Frequency Drives (VFD)
Computer Numerical Control (CNC)
Others
By Connectivity:
Wired
Wireless
By Deployment:
Cloud
On premises
By Enterprise Size:
SMEs
Large Enterprises
By Industry:
Process Industry
Oil & Gas
Chemicals
Pulp & Paper
Pharmaceuticals
Mining & Metals
Energy & Power
Others
Discrete Industry
Automotive
Semiconductor & Electronics
Aerospace & Defense
Heavy Manufacturing
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East & Africa
Frequently Asked Questions
What is the anticipated market value of the operational technology market outlook in 2024?
The global operational technology market is expected to reach US$ 22.1 billion by 2024.
What is the expected CAGR for the operational technology market through 2034?
The global operational technology market is set to expand at a CAGR of 18.40% by 2034.
What is the anticipated market value of the global market in 2034?
The global operational technology market is forecast to reach US$ 119.6 billion by 2034.
Which industry type is likely to dominate the operational technology market?
The oil and gas operations segment is projected to attain a 21% share in 2024.
Which is the leading enterprise type in the operational technology market?
The large enterprise segment is likely to acquire a 72% share in 2024.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034
5.3.1. Supervisory Control and Data Acquisition (SCADA)
5.3.1.1. Programmable Logic Controller (PLC)
5.3.1.2. Remote Terminal Value
5.3.1.3. Human-Machine Interface (HMI)
5.3.1.4. Others
5.3.2. Distributed Control System (DCS)
5.3.3. Manufacturing Execution System Market
5.3.4. Functional Safety
5.3.5. Building Management System
5.3.6. Plant Asset Management (PAM)
5.3.7. Variable Frequency Drives (VFD)
5.3.8. Computer Numerical Control (CNC)
5.3.9. Others
5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Connectivity
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Connectivity, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Connectivity, 2024 to 2034
6.3.1. Wired
6.3.2. Wireless
6.4. Y-o-Y Growth Trend Analysis By Connectivity, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Connectivity, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034
7.3.1. Cloud
7.3.2. On-premises
7.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Enterprise Size
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Size, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Size, 2024 to 2034
8.3.1. SMEs
8.3.2. Large Enterprises
8.4. Y-o-Y Growth Trend Analysis By Enterprise Size, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Enterprise Size, 2024 to 2034
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2019 to 2023
9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2024 to 2034
9.3.1. Process Industry
9.3.1.1. Oil & Gas
9.3.1.2. Chemicals
9.3.1.3. Pulp & Paper
9.3.1.4. Pharmaceuticals
9.3.1.5. Mining & Metals
9.3.1.6. Energy & Power
9.3.1.7. Others
9.3.2. Discrete Industry
9.3.2.1. Automotive
9.3.2.2. Semiconductor & Electronics
9.3.2.3. Aerospace & Defense
9.3.2.4. Heavy Manufacturing
9.3.2.5. Others
9.4. Y-o-Y Growth Trend Analysis By Industry, 2019 to 2023
9.5. Absolute $ Opportunity Analysis By Industry, 2024 to 2034
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
10.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
10.3.1. North America
10.3.2. Latin America
10.3.3. Western Europe
10.3.4. Eastern Europe
10.3.5. South Asia and Pacific
10.3.6. East Asia
10.3.7. Middle East and Africa
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. USA
11.2.1.2. Canada
11.2.2. By Component
11.2.3. By Connectivity
11.2.4. By Deployment
11.2.5. By Enterprise Size
11.2.6. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Connectivity
11.3.4. By Deployment
11.3.5. By Enterprise Size
11.3.6. By Industry
11.4. Key Takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Brazil
12.2.1.2. Mexico
12.2.1.3. Rest of Latin America
12.2.2. By Component
12.2.3. By Connectivity
12.2.4. By Deployment
12.2.5. By Enterprise Size
12.2.6. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Connectivity
12.3.4. By Deployment
12.3.5. By Enterprise Size
12.3.6. By Industry
12.4. Key Takeaways
13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. Germany
13.2.1.2. UK
13.2.1.3. France
13.2.1.4. Spain
13.2.1.5. Italy
13.2.1.6. Rest of Western Europe
13.2.2. By Component
13.2.3. By Connectivity
13.2.4. By Deployment
13.2.5. By Enterprise Size
13.2.6. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Connectivity
13.3.4. By Deployment
13.3.5. By Enterprise Size
13.3.6. By Industry
13.4. Key Takeaways
14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. Poland
14.2.1.2. Russia
14.2.1.3. Czech Republic
14.2.1.4. Romania
14.2.1.5. Rest of Eastern Europe
14.2.2. By Component
14.2.3. By Connectivity
14.2.4. By Deployment
14.2.5. By Enterprise Size
14.2.6. By Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Connectivity
14.3.4. By Deployment
14.3.5. By Enterprise Size
14.3.6. By Industry
14.4. Key Takeaways
15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. India
15.2.1.2. Bangladesh
15.2.1.3. Australia
15.2.1.4. New Zealand
15.2.1.5. Rest of South Asia and Pacific
15.2.2. By Component
15.2.3. By Connectivity
15.2.4. By Deployment
15.2.5. By Enterprise Size
15.2.6. By Industry
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Connectivity
15.3.4. By Deployment
15.3.5. By Enterprise Size
15.3.6. By Industry
15.4. Key Takeaways
16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.1.1. China
16.2.1.2. Japan
16.2.1.3. South Korea
16.2.2. By Component
16.2.3. By Connectivity
16.2.4. By Deployment
16.2.5. By Enterprise Size
16.2.6. By Industry
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Component
16.3.3. By Connectivity
16.3.4. By Deployment
16.3.5. By Enterprise Size
16.3.6. By Industry
16.4. Key Takeaways
17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
17.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
17.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
17.2.1. By Country
17.2.1.1. GCC Countries
17.2.1.2. South Africa
17.2.1.3. Israel
17.2.1.4. Rest of MEA
17.2.2. By Component
17.2.3. By Connectivity
17.2.4. By Deployment
17.2.5. By Enterprise Size
17.2.6. By Industry
17.3. Market Attractiveness Analysis
17.3.1. By Country
17.3.2. By Component
17.3.3. By Connectivity
17.3.4. By Deployment
17.3.5. By Enterprise Size
17.3.6. By Industry
17.4. Key Takeaways
18. Key Countries Market Analysis
18.1. USA
18.1.1. Pricing Analysis
18.1.2. Market Share Analysis, 2023
18.1.2.1. By Component
18.1.2.2. By Connectivity
18.1.2.3. By Deployment
18.1.2.4. By Enterprise Size
18.1.2.5. By Industry
18.2. Canada
18.2.1. Pricing Analysis
18.2.2. Market Share Analysis, 2023
18.2.2.1. By Component
18.2.2.2. By Connectivity
18.2.2.3. By Deployment
18.2.2.4. By Enterprise Size
18.2.2.5. By Industry
18.3. Brazil
18.3.1. Pricing Analysis
18.3.2. Market Share Analysis, 2023
18.3.2.1. By Component
18.3.2.2. By Connectivity
18.3.2.3. By Deployment
18.3.2.4. By Enterprise Size
18.3.2.5. By Industry
18.4. Mexico
18.4.1. Pricing Analysis
18.4.2. Market Share Analysis, 2023
18.4.2.1. By Component
18.4.2.2. By Connectivity
18.4.2.3. By Deployment
18.4.2.4. By Enterprise Size
18.4.2.5. By Industry
18.5. Germany
18.5.1. Pricing Analysis
18.5.2. Market Share Analysis, 2023
18.5.2.1. By Component
18.5.2.2. By Connectivity
18.5.2.3. By Deployment
18.5.2.4. By Enterprise Size
18.5.2.5. By Industry
18.6. UK
18.6.1. Pricing Analysis
18.6.2. Market Share Analysis, 2023
18.6.2.1. By Component
18.6.2.2. By Connectivity
18.6.2.3. By Deployment
18.6.2.4. By Enterprise Size
18.6.2.5. By Industry
18.7. France
18.7.1. Pricing Analysis
18.7.2. Market Share Analysis, 2023
18.7.2.1. By Component
18.7.2.2. By Connectivity
18.7.2.3. By Deployment
18.7.2.4. By Enterprise Size
18.7.2.5. By Industry
18.8. Spain
18.8.1. Pricing Analysis
18.8.2. Market Share Analysis, 2023
18.8.2.1. By Component
18.8.2.2. By Connectivity
18.8.2.3. By Deployment
18.8.2.4. By Enterprise Size
18.8.2.5. By Industry
18.9. Italy
18.9.1. Pricing Analysis
18.9.2. Market Share Analysis, 2023
18.9.2.1. By Component
18.9.2.2. By Connectivity
18.9.2.3. By Deployment
18.9.2.4. By Enterprise Size
18.9.2.5. By Industry
18.10. Poland
18.10.1. Pricing Analysis
18.10.2. Market Share Analysis, 2023
18.10.2.1. By Component
18.10.2.2. By Connectivity
18.10.2.3. By Deployment
18.10.2.4. By Enterprise Size
18.10.2.5. By Industry
18.11. Russia
18.11.1. Pricing Analysis
18.11.2. Market Share Analysis, 2023
18.11.2.1. By Component
18.11.2.2. By Connectivity
18.11.2.3. By Deployment
18.11.2.4. By Enterprise Size
18.11.2.5. By Industry
18.12. Czech Republic
18.12.1. Pricing Analysis
18.12.2. Market Share Analysis, 2023
18.12.2.1. By Component
18.12.2.2. By Connectivity
18.12.2.3. By Deployment
18.12.2.4. By Enterprise Size
18.12.2.5. By Industry
18.13. Romania
18.13.1. Pricing Analysis
18.13.2. Market Share Analysis, 2023
18.13.2.1. By Component
18.13.2.2. By Connectivity
18.13.2.3. By Deployment
18.13.2.4. By Enterprise Size
18.13.2.5. By Industry
18.14. India
18.14.1. Pricing Analysis
18.14.2. Market Share Analysis, 2023
18.14.2.1. By Component
18.14.2.2. By Connectivity
18.14.2.3. By Deployment
18.14.2.4. By Enterprise Size
18.14.2.5. By Industry
18.15. Bangladesh
18.15.1. Pricing Analysis
18.15.2. Market Share Analysis, 2023
18.15.2.1. By Component
18.15.2.2. By Connectivity
18.15.2.3. By Deployment
18.15.2.4. By Enterprise Size
18.15.2.5. By Industry
18.16. Australia
18.16.1. Pricing Analysis
18.16.2. Market Share Analysis, 2023
18.16.2.1. By Component
18.16.2.2. By Connectivity
18.16.2.3. By Deployment
18.16.2.4. By Enterprise Size
18.16.2.5. By Industry
18.17. New Zealand
18.17.1. Pricing Analysis
18.17.2. Market Share Analysis, 2023
18.17.2.1. By Component
18.17.2.2. By Connectivity
18.17.2.3. By Deployment
18.17.2.4. By Enterprise Size
18.17.2.5. By Industry
18.18. China
18.18.1. Pricing Analysis
18.18.2. Market Share Analysis, 2023
18.18.2.1. By Component
18.18.2.2. By Connectivity
18.18.2.3. By Deployment
18.18.2.4. By Enterprise Size
18.18.2.5. By Industry
18.19. Japan
18.19.1. Pricing Analysis
18.19.2. Market Share Analysis, 2023
18.19.2.1. By Component
18.19.2.2. By Connectivity
18.19.2.3. By Deployment
18.19.2.4. By Enterprise Size
18.19.2.5. By Industry
18.20. South Korea
18.20.1. Pricing Analysis
18.20.2. Market Share Analysis, 2023
18.20.2.1. By Component
18.20.2.2. By Connectivity
18.20.2.3. By Deployment
18.20.2.4. By Enterprise Size
18.20.2.5. By Industry
18.21. GCC Countries
18.21.1. Pricing Analysis
18.21.2. Market Share Analysis, 2023
18.21.2.1. By Component
18.21.2.2. By Connectivity
18.21.2.3. By Deployment
18.21.2.4. By Enterprise Size
18.21.2.5. By Industry
18.22. South Africa
18.22.1. Pricing Analysis
18.22.2. Market Share Analysis, 2023
18.22.2.1. By Component
18.22.2.2. By Connectivity
18.22.2.3. By Deployment
18.22.2.4. By Enterprise Size
18.22.2.5. By Industry
18.23. Israel
18.23.1. Pricing Analysis
18.23.2. Market Share Analysis, 2023
18.23.2.1. By Component
18.23.2.2. By Connectivity
18.23.2.3. By Deployment
18.23.2.4. By Enterprise Size
18.23.2.5. By Industry
19. Market Structure Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Market Share Analysis of Top Players
19.3.1. By Regional
19.3.2. By Component
19.3.3. By Connectivity
19.3.4. By Deployment
19.3.5. By Enterprise Size
19.3.6. By Industry
20. Competition Analysis
20.1. Competition Deep Dive
20.1.1. ABB
20.1.1.1. Overview
20.1.1.2. Product Portfolio
20.1.1.3. Profitability by Market Segments
20.1.1.4. Sales Footprint
20.1.1.5. Strategy Overview
20.1.1.5.1. Marketing Strategy
20.1.2. Emerson Electric Co.
20.1.2.1. Overview
20.1.2.2. Product Portfolio
20.1.2.3. Profitability by Market Segments
20.1.2.4. Sales Footprint
20.1.2.5. Strategy Overview
20.1.2.5.1. Marketing Strategy
20.1.3. General Electric
20.1.3.1. Overview
20.1.3.2. Product Portfolio
20.1.3.3. Profitability by Market Segments
20.1.3.4. Sales Footprint
20.1.3.5. Strategy Overview
20.1.3.5.1. Marketing Strategy
20.1.4. Hitachi, Ltd.
20.1.4.1. Overview
20.1.4.2. Product Portfolio
20.1.4.3. Profitability by Market Segments
20.1.4.4. Sales Footprint
20.1.4.5. Strategy Overview
20.1.4.5.1. Marketing Strategy
20.1.5. Honeywell International Inc.
20.1.5.1. Overview
20.1.5.2. Product Portfolio
20.1.5.3. Profitability by Market Segments
20.1.5.4. Sales Footprint
20.1.5.5. Strategy Overview
20.1.5.5.1. Marketing Strategy
20.1.6. IBM Corporation
20.1.6.1. Overview
20.1.6.2. Product Portfolio
20.1.6.3. Profitability by Market Segments
20.1.6.4. Sales Footprint
20.1.6.5. Strategy Overview
20.1.6.5.1. Marketing Strategy
20.1.7. OMRON Corporation
20.1.7.1. Overview
20.1.7.2. Product Portfolio
20.1.7.3. Profitability by Market Segments
20.1.7.4. Sales Footprint
20.1.7.5. Strategy Overview
20.1.7.5.1. Marketing Strategy
20.1.8. Rockwell Automation
20.1.8.1. Overview
20.1.8.2. Product Portfolio
20.1.8.3. Profitability by Market Segments
20.1.8.4. Sales Footprint
20.1.8.5. Strategy Overview
20.1.8.5.1. Marketing Strategy
20.1.9. Siemens
20.1.9.1. Overview
20.1.9.2. Product Portfolio
20.1.9.3. Profitability by Market Segments
20.1.9.4. Sales Footprint
20.1.9.5. Strategy Overview
20.1.9.5.1. Marketing Strategy
20.1.10. Schneider Electric
20.1.10.1. Overview
20.1.10.2. Product Portfolio
20.1.10.3. Profitability by Market Segments
20.1.10.4. Sales Footprint
20.1.10.5. Strategy Overview
20.1.10.5.1. Marketing Strategy
21. Assumptions & Acronyms Used22. Research Methodology
