The North America Operational Technology Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Organizations can use their standardization knowledge to promote compatibility and interoperability by leveraging well-defined standards. Connecting many proprietary systems can be time-consuming and expensive, limiting a company's capacity to grow such solutions. Proprietary technology is a thing of the past due to open standards. Open standards facilitate integration and enable enterprises to scale the systems without compromising overall performance. Virtual machines and Cloud services can host plant or manufacturing-floor servers, minimizing on-site equipment and allowing remote systems to be readily connected. Without the limitations of traditional solutions, businesses can expand their internal infrastructures.
The convergence of Information Technology and Operational Technology makes data available to all levels of a company, resulting in significant benefits. These advantages alleviate problem areas in four key areas that businesses are concerned about: decision-making, cost, risk, and standardization. Organizations will profit substantially from the technology advances and performance enhancements that will result as the IT/OT convergence progresses.
OT is essential to the operation of critical infrastructure in the United States, which are frequently highly inter-connected and mutually dependent systems. While many of the nation's vital infrastructures are operated by federal agencies 495, many more are privately owned and operated by 496. Because of the inter-dependencies that exist between different industrial sectors as well as 498 interconnections between business partners, essential infrastructures are commonly termed as a "system of systems" 497.
More systems are becoming vulnerable to comprehensive threats as more operational technology components depend on IP-based services. The notion that an in-house network administration team can handle a network both internally and internationally – and safeguard it from all forms of assault. A typical network analyst, for example, is responsible for analyzing, planning, ordering and installing any equipment required for a network, which necessitates a thorough understanding of network user needs, network statistics, and baseline metrics, among other abilities. The transfer of network data analysis to different forms of autonomy, automation, and/or artificial intelligence is becoming more common.
The US market dominated the North America Operational Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44,928.9 million by 2028. The Canada market is experiencing a CAGR of 7.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Operational Technology Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Operational Technology Market, by Networking Technology
1.4.2 North America Operational Technology Market, by Component
1.4.3 North America Operational Technology Market, by Industry
1.4.4 North America Operational Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.1 Market Share Analysis, 2021
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Acquisitions and Mergers: 2018, Jul – 2021, Dec) Leading Players
Chapter 4. North America Operational Technology Market by Networking Technology
4.1 North America Wired Market by Country
4.2 North America Wireless Market by Country
Chapter 5. North America Operational Technology Market by Component
5.1 North America Control Systems Market by Country
5.2 North America Operational Technology Market by Control Systems Type
5.2.1 North America Distributed Control System & SCADA Market by Country
5.2.2 North America Warehouse Management System Market by Country
5.2.3 North America Plant Asset Management & Functional Safety Market by Country
5.2.4 North America Human Machine Interface Market by Country
5.2.5 North America Manufacturing Execution System Market by Country
5.3 North America Field Devices Market by Country
5.4 North America Operational Technology Market by Field Devices Type
5.4.1 North America Industrial Sensors Market by Country
5.4.2 North America Industrial Valves Market by Country
5.4.3 North America Transmitters Market by Country
5.4.4 North America Actuators Market by Country
5.5 North America Services Market by Country
Chapter 6. North America Operational Technology Market by Industry
6.1 North America Machine Manufacturing Market by Country
6.2 North America Automotive, Aerospace & Defense Market by Country
6.3 North America Semiconductor & Electronics Market by Country
6.4 North America Chemical, Oil & Gas Market by Country
6.5 North America Pharmaceuticals & Medical Devices Market by Country
6.6 North America Pulp & Paper Market by Country
6.7 North America Metals & Mining Market by Country
6.8 North America Food & Beverages Market by Country
6.9 North America Others Market by Country
Chapter 7. North America Operational Technology Market by Country
7.1 US Operational Technology Market
7.1.1 US Operational Technology Market by Networking Technology
7.1.2 US Operational Technology Market by Component
7.1.2.1 US Operational Technology Market by Control Systems Type
7.1.2.2 US Operational Technology Market by Field Devices Type
7.1.3 US Operational Technology Market by Industry
7.2 Canada Operational Technology Market
7.2.1 Canada Operational Technology Market by Networking Technology
7.2.2 Canada Operational Technology Market by Component
7.2.2.1 Canada Operational Technology Market by Control Systems Type
7.2.2.2 Canada Operational Technology Market by Field Devices Type
7.2.3 Canada Operational Technology Market by Industry
7.3 Mexico Operational Technology Market
7.3.1 Mexico Operational Technology Market by Networking Technology
7.3.2 Mexico Operational Technology Market by Component
7.3.2.1 Mexico Operational Technology Market by Control Systems Type
7.3.2.2 Mexico Operational Technology Market by Field Devices Type
7.3.3 Mexico Operational Technology Market by Industry
7.4 Rest of North America Operational Technology Market
7.4.1 Rest of North America Operational Technology Market by Networking Technology
7.4.2 Rest of North America Operational Technology Market by Component
7.4.2.1 Rest of North America Operational Technology Market by Control Systems Type
7.4.2.2 Rest of North America Operational Technology Market by Field Devices Type
7.4.3 Rest of North America Operational Technology Market by Industry
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 ABB Group
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental And Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Mitsubishi Electric Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 General Electric (GE) Co.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Honeywell International, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.7 Oracle Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 IBM Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional & Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.5.3 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Rockwell Automation, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.10. Emerson Electric Co.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Acquisition and Mergers:
TABLE 1 North America Operational Technology Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 7 North America Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 8 North America Wired Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Wired Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Wireless Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Wireless Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 13 North America Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 14 North America Control Systems Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Control Systems Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 17 North America Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 18 North America Distributed Control System & SCADA Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Distributed Control System & SCADA Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Warehouse Management System Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Warehouse Management System Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Plant Asset Management & Functional Safety Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Plant Asset Management & Functional Safety Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Human Machine Interface Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Human Machine Interface Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Manufacturing Execution System Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Manufacturing Execution System Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Field Devices Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Field Devices Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 31 North America Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 32 North America Industrial Sensors Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Industrial Sensors Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Industrial Valves Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Industrial Valves Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Transmitters Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Transmitters Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Actuators Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Actuators Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 43 North America Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 44 North America Machine Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Machine Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Automotive, Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Automotive, Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 48 North America Semiconductor & Electronics Market by Country, 2018 - 2021, USD Million
TABLE 49 North America Semiconductor & Electronics Market by Country, 2022 - 2028, USD Million
TABLE 50 North America Chemical, Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 51 North America Chemical, Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 52 North America Pharmaceuticals & Medical Devices Market by Country, 2018 - 2021, USD Million
TABLE 53 North America Pharmaceuticals & Medical Devices Market by Country, 2022 - 2028, USD Million
TABLE 54 North America Pulp & Paper Market by Country, 2018 - 2021, USD Million
TABLE 55 North America Pulp & Paper Market by Country, 2022 - 2028, USD Million
TABLE 56 North America Metals & Mining Market by Country, 2018 - 2021, USD Million
TABLE 57 North America Metals & Mining Market by Country, 2022 - 2028, USD Million
TABLE 58 North America Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 59 North America Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 60 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 61 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 62 North America Operational Technology Market by Country, 2018 - 2021, USD Million
TABLE 63 North America Operational Technology Market by Country, 2022 - 2028, USD Million
TABLE 64 US Operational Technology Market, 2018 - 2021, USD Million
TABLE 65 US Operational Technology Market, 2022 - 2028, USD Million
TABLE 66 US Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 67 US Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 68 US Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 69 US Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 70 US Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 71 US Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 72 US Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 73 US Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 74 US Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 75 US Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 76 Canada Operational Technology Market, 2018 - 2021, USD Million
TABLE 77 Canada Operational Technology Market, 2022 - 2028, USD Million
TABLE 78 Canada Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 79 Canada Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 80 Canada Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 81 Canada Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 82 Canada Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 83 Canada Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 84 Canada Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 85 Canada Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 86 Canada Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 87 Canada Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 88 Mexico Operational Technology Market, 2018 - 2021, USD Million
TABLE 89 Mexico Operational Technology Market, 2022 - 2028, USD Million
TABLE 90 Mexico Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 91 Mexico Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 92 Mexico Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 93 Mexico Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 94 Mexico Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 95 Mexico Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 96 Mexico Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 97 Mexico Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 98 Mexico Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 99 Mexico Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 100 Rest of North America Operational Technology Market, 2018 - 2021, USD Million
TABLE 101 Rest of North America Operational Technology Market, 2022 - 2028, USD Million
TABLE 102 Rest of North America Operational Technology Market by Networking Technology, 2018 - 2021, USD Million
TABLE 103 Rest of North America Operational Technology Market by Networking Technology, 2022 - 2028, USD Million
TABLE 104 Rest of North America Operational Technology Market by Component, 2018 - 2021, USD Million
TABLE 105 Rest of North America Operational Technology Market by Component, 2022 - 2028, USD Million
TABLE 106 Rest of North America Operational Technology Market by Control Systems Type, 2018 - 2021, USD Million
TABLE 107 Rest of North America Operational Technology Market by Control Systems Type, 2022 - 2028, USD Million
TABLE 108 Rest of North America Operational Technology Market by Field Devices Type, 2018 - 2021, USD Million
TABLE 109 Rest of North America Operational Technology Market by Field Devices Type, 2022 - 2028, USD Million
TABLE 110 Rest of North America Operational Technology Market by Industry, 2018 - 2021, USD Million
TABLE 111 Rest of North America Operational Technology Market by Industry, 2022 - 2028, USD Million
TABLE 112 Key Information – Siemens AG
TABLE 113 Key Information – ABB Group
TABLE 114 Key information – Schneider Electric SE
TABLE 115 key information – Mitsubishi Electric Corporation
TABLE 116 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 117 Key information – Honeywell International, Inc.
TABLE 118 Key Information – Oracle Corporation
TABLE 119 Key information – IBM Corporation
TABLE 120 Key information – Rockwell Automation, Inc.
TABLE 121 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.