Global Operational Technology Market Size & Outlook
The operational technology industry worldwide is expected to reach a projected revenue of US$ 364,738.4 million by 2030. A compound annual growth rate of 9.7% is expected of the worldwide operational technology industry from 2024 to 2030.
Revenue, 2023 (US$M)
$190,948.3
Forecast, 2030 (US$M)
$364,738.4
CAGR, 2024 - 2030
9.7%
Report Coverage
Worldwide
Global operational technology market, 2018-2030 (US$M)
Related Markets
Global operational technology market highlights
- The global operational technology market generated a revenue of USD 190,948.3 million in 2023 and is expected to reach USD 364,738.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.7% by 2030.
- In terms of segment, computer numerical control accounted for a revenue of USD 65,143.2 million in 2023.
- Building Management System is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 190,948.3 million |
| Market revenue in 2030 | USD 364,738.4 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Computer numerical control |
| Fastest growing segment | Building Management System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Supervisory Control and Data Acquisition, Distributed Control System, Manufacturing Execution System Market, Functional Safety, Building Management System, Plant Asset Management, Variable Frequency Drives, Computer Numerical Control |
Other key industry trends
- In terms of revenue, the North America accounted for 37.7% of the global operational technology market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 83,433.2 million by 2030.
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Operational Technology Market Scope
Operational technology market segmentation & scope
Programmable Logic Controller
Remote Terminal Units
Human-Machine Interface
Others
Distributed Control System
Manufacturing Execution System Market
Functional Safety
Building Management System
Plant Asset Management
Variable Frequency Drives
Computer Numerical Control
Others
Oil & Gas
Chemicals
Pulp & Paper
Pharmaceuticals
Mining & Metals
Energy & Power
Others
Automotive
Semiconductor & Electronics
Aerospace & Defense
Heavy Manufacturing
Others
Operational Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global operational technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to operational technology market will help companies and investors design strategic landscapes.
computer numerical control was the largest segment with a revenue share of 34.12% in 2023. Horizon Databook has segmented the Global operational technology market based on supervisory control and data acquisition, distributed control system, manufacturing execution system market, functional safety, building management system, plant asset management, variable frequency drives, computer numerical control covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Operational Technology Component Outlook (Revenue, USD Million, 2018-2030)
- Supervisory Control and Data Acquisition
- Programmable Logic Controller
- Remote Terminal Units
- Human-Machine Interface
- Others
- Distributed Control System
- Manufacturing Execution System Market
- Functional Safety
- Building Management System
- Plant Asset Management
- Variable Frequency Drives
- Computer Numerical Control
- Others
- Supervisory Control and Data Acquisition
- Global Operational Technology Connectivity Outlook (Revenue, USD Million, 2018-2030)
- Wired
- Wireless
- Global Operational Technology Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-premise
- Global Operational Technology Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- SME
- Large Enterprises
- Global Operational Technology Industry Outlook (Revenue, USD Million, 2018-2030)
- Process Industry
- Oil & Gas
- Chemicals
- Pulp & Paper
- Pharmaceuticals
- Mining & Metals
- Energy & Power
- Others
- Discrete Industry
- Automotive
- Semiconductor & Electronics
- Aerospace & Defense
- Heavy Manufacturing
- Others
- Process Industry
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Target buyers of Global operational technology market databook
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Our clientele includes a mix of operational technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global operational technology market, including forecasts for subscribers. This global databook contains high-level insights into Global operational technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global operational technology market report statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Operational technology market report size, 2023 (USD Million)
Top 10 countries: Operational technology market report size, 2023 (USD Million)
Global operational technology market, by region, 2023 (US$M)
Related regional statistics
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