The Latin America, Middle East and Africa Operational Technology Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
With the aforementioned convergence, these differing priorities and associated approaches to security can be a concern, especially now that all of these factors are important. When it comes to computing priorities, it's not uncommon to see clashes between IT and OT. Industrial Control Systems (ICS), which are crucial from a security standpoint since it is mission-critical, is an example of operational technology, depending on the definition. This OT sector is a catch-all phrase for a variety of systems that monitor and control industrial processes in a wide range of applications where uptime and availability are critical.
SCADA (Supervisory Control and Data Acquisition), DCS (Distributed Control System), and Programmable Logic Controllers are examples of control systems (PLCs). Human-Machine Interfaces (HMI), RTUs (Remote Terminal Units), embedded systems and computing technologies, physical equipment, machinery in plants, and Variable Frequency Drives (VFDs), as well as the majority of connected assets in industrial markets, are all operational technologies.
The LAMEA region has always been emphasizing on sustainable development and in meanwhile also looking forward to enhance its oil and gas industry, which is already a big contributor to region's economic development. The UAE's internal and external policies are heavily influenced by the oil sector. The UAE has been a major player in the hydrocarbon energy industry since the finding of oil and gas more than 50 years ago. With an oil output of 2.79 million barrels per day (bpd) in 2013, the UAE is OPEC's fifth-largest oil producer. Natural gas output totalled roughly 54.60 billion cubic meters in the same year.
The United Arab Emirates has resolved to diversify its energy mix in order to maintain its progress while minimizing the environmental impact of burning fuel. As a result, it was agreed that traditional energy sources, such as oil and gas, should not be the primary drivers of economic activity. Furthermore, the UAE is fostering international cooperation and resource conservation while developing local expertise in these important technologies.
The Brazil market dominated the LAMEA Operational Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,619.7 million by 2028. The Argentina market is estimated to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 8.4% during (2022 - 2028).
Based on Networking Technology, the market is segmented into Wired and Wireless. Based on Component, the market is segmented into Control Systems (Distributed Control System & SCADA, Warehouse Management System, Plant Asset Management & Functional Safety, Human Machine Interface, and Manufacturing Execution System), Field Devices (Industrial Sensors, Industrial Valves, Transmitters, and Actuators), and Services. Based on Industry, the market is segmented into Machine Manufacturing, Automotive, Aerospace & Defense, Semiconductor & Electronics, Chemical, Oil & Gas, Pharmaceuticals & Medical Devices, Pulp & Paper, Metals & Mining, Food & Beverages, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Operational Technology Market is Predict to reach $221 Billion by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, ABB Group, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric (GE) Co., Honeywell International, Inc., Oracle Corporation, IBM Corporation, Rockwell Automation, Inc., and Emerson Electric Co.
Scope of the Study
Market Segments Covered in the Report:
By Networking Technology
By Component
- Control Systems
- Distributed Control System & SCADA
- Warehouse Management System
- Plant Asset Management & Functional Safety
- Human Machine Interface
- Manufacturing Execution System
- Field Devices
- Industrial Sensors
- Industrial Valves
- Transmitters
- Actuators
- Services
By Industry
- Machine Manufacturing
- Automotive, Aerospace & Defense
- Semiconductor & Electronics
- Chemical, Oil & Gas
- Pharmaceuticals & Medical Devices
- Pulp & Paper
- Metals & Mining
- Food & Beverages
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- ABB Group
- Schneider Electric SE
- Mitsubishi Electric Corporation
- General Electric (GE) Co.
- Honeywell International, Inc.
- Oracle Corporation
- IBM Corporation
- Rockwell Automation, Inc.
- Emerson Electric Co.
TABLE 1 LAMEA Operational Technology Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Operational Technology Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Operational Technology Market
TABLE 4 Product Launches And Product Expansions – Operational Technology Market
TABLE 5 Acquisition and Mergers – Operational Technology Market
TABLE 6 LAMEA Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 7 LAMEA Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 8 LAMEA Wired Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Wired Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Wireless Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Wireless Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 13 LAMEA Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 14 LAMEA Control Systems Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Control Systems Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 17 LAMEA Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 18 LAMEA Distributed Control System & SCADA Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Distributed Control System & SCADA Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Warehouse Management System Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Warehouse Management System Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Plant Asset Management & Functional Safety Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Plant Asset Management & Functional Safety Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Human Machine Interface Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Human Machine Interface Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Manufacturing Execution System Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Manufacturing Execution System Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Field Devices Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Field Devices Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 31 LAMEA Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 32 LAMEA Industrial Sensors Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Industrial Sensors Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Industrial Valves Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Industrial Valves Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA Transmitters Market by Country, 2018 - 2021, USD Million
TABLE 37 LAMEA Transmitters Market by Country, 2022 - 2028, USD Million
TABLE 38 LAMEA Actuators Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA Actuators Market by Country, 2022 - 2028, USD Million
TABLE 40 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 41 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 42 LAMEA Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 43 LAMEA Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 44 LAMEA Machine Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 45 LAMEA Machine Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 46 LAMEA Automotive, Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 47 LAMEA Automotive, Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 48 LAMEA Semiconductor & Electronics Market by Country, 2018 - 2021, USD Million
TABLE 49 LAMEA Semiconductor & Electronics Market by Country, 2022 - 2028, USD Million
TABLE 50 LAMEA Chemical, Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 51 LAMEA Chemical, Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 52 LAMEA Pharmaceuticals & Medical Devices Market by Country, 2018 - 2021, USD Million
TABLE 53 LAMEA Pharmaceuticals & Medical Devices Market by Country, 2022 - 2028, USD Million
TABLE 54 LAMEA Pulp & Paper Market by Country, 2018 - 2021, USD Million
TABLE 55 LAMEA Pulp & Paper Market by Country, 2022 - 2028, USD Million
TABLE 56 LAMEA Metals & Mining Market by Country, 2018 - 2021, USD Million
TABLE 57 LAMEA Metals & Mining Market by Country, 2022 - 2028, USD Million
TABLE 58 LAMEA Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 59 LAMEA Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 60 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 61 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 62 LAMEA Operational Technology Market by Country, 2018 - 2021, USD Million
TABLE 63 LAMEA Operational Technology Market by Country, 2022 - 2028, USD Million
TABLE 64 Brazil Operational Technology Market, 2018 - 2021, USD Million
TABLE 65 Brazil Operational Technology Market, 2022 - 2028, USD Million
TABLE 66 Brazil Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 67 Brazil Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 68 Brazil Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 69 Brazil Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 70 Brazil Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 71 Brazil Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 72 Brazil Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 73 Brazil Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 74 Brazil Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 75 Brazil Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 76 Argentina Operational Technology Market, 2018 - 2021, USD Million
TABLE 77 Argentina Operational Technology Market, 2022 - 2028, USD Million
TABLE 78 Argentina Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 79 Argentina Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 80 Argentina Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 81 Argentina Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 82 Argentina Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 83 Argentina Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 84 Argentina Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 85 Argentina Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 86 Argentina Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 87 Argentina Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 88 UAE Operational Technology Market, 2018 - 2021, USD Million
TABLE 89 UAE Operational Technology Market, 2022 - 2028, USD Million
TABLE 90 UAE Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 91 UAE Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 92 UAE Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 93 UAE Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 94 UAE Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 95 UAE Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 96 UAE Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 97 UAE Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 98 UAE Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 99 UAE Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 100 Saudi Arabia Operational Technology Market, 2018 - 2021, USD Million
TABLE 101 Saudi Arabia Operational Technology Market, 2022 - 2028, USD Million
TABLE 102 Saudi Arabia Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 103 Saudi Arabia Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 104 Saudi Arabia Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 105 Saudi Arabia Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 106 Saudi Arabia Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 107 Saudi Arabia Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 108 Saudi Arabia Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 109 Saudi Arabia Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 110 Saudi Arabia Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 111 Saudi Arabia Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 112 South Africa Operational Technology Market, 2018 - 2021, USD Million
TABLE 113 South Africa Operational Technology Market, 2022 - 2028, USD Million
TABLE 114 South Africa Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 115 South Africa Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 116 South Africa Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 117 South Africa Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 118 South Africa Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 119 South Africa Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 120 South Africa Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 121 South Africa Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 122 South Africa Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 123 South Africa Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 124 Nigeria Operational Technology Market, 2018 - 2021, USD Million
TABLE 125 Nigeria Operational Technology Market, 2022 - 2028, USD Million
TABLE 126 Nigeria Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 127 Nigeria Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 128 Nigeria Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 129 Nigeria Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 130 Nigeria Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 131 Nigeria Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 132 Nigeria Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 133 Nigeria Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 134 Nigeria Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 135 Nigeria Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 136 Rest of LAMEA Operational Technology Market, 2018 - 2021, USD Million
TABLE 137 Rest of LAMEA Operational Technology Market, 2022 - 2028, USD Million
TABLE 138 Rest of LAMEA Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 139 Rest of LAMEA Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 140 Rest of LAMEA Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 141 Rest of LAMEA Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 142 Rest of LAMEA Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 143 Rest of LAMEA Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 144 Rest of LAMEA Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 145 Rest of LAMEA Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 146 Rest of LAMEA Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 147 Rest of LAMEA Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 148 Key Information – Siemens AG
TABLE 149 Key Information – ABB Group
TABLE 150 Key information – Schneider Electric SE
TABLE 151 key information – Mitsubishi Electric Corporation
TABLE 152 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 153 Key information – Honeywell International, Inc.
TABLE 154 Key Information – Oracle Corporation
TABLE 155 Key information – IBM Corporation
TABLE 156 Key information – Rockwell Automation, Inc.
TABLE 157 Key Information – Emerson Electric Co.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisitions and Mergers: 2018, Jul – 2021, Dec) Leading Players
FIG 6 Recent strategies and developments: Siemens AG
FIG 7 Swot analysis: Siemens AG
FIG 8 Recent strategies and developments: ABB Group
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Recent strategies and developments: General Electric (GE) Co.
FIG 11 Swot analysis: General electric (GE) Co.
FIG 12 Recent strategies and developments: Honeywell International, Inc.
FIG 13 SWOT analysis: Oracle Corporation
FIG 14 Recent strategies and developments: IBM Corporation
FIG 15 Swot analysis: IBM Corporation
FIG 16 Recent strategies and developments: Rockwell Automation, Inc.