Australia Operational Technology Market Size & Outlook
Australia operational technology market, 2018-2030 (US$M)
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Australia operational technology market highlights
- The Australia operational technology market generated a revenue of USD 3,391.2 million in 2023 and is expected to reach USD 6,519.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, computer numerical control was the largest revenue generating component in 2023.
- Building Management System is the most lucrative component segment registering the fastest growth during the forecast period.
Operational technology market data book summary
| Market revenue in 2023 | USD 3,391.2 million |
| Market revenue in 2030 | USD 6,519.0 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Computer numerical control |
| Fastest growing segment | Building Management System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | ABB Ltd, Emerson Electric Co, GE Aerospace, Hitachi Ltd, Honeywell International Inc, International Business Machines Corp, OMRON Corp, Rockwell Automation Inc, Siemens AG, Schneider Electric SE |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global operational technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China operational technology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,503.6 million by 2030.
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Operational Technology Market Scope
Operational Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 34.04% in 2023. Horizon Databook has segmented the Australia 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.
The significance of Australia's mining and resources sector, along with the integration of operational technology for optimizing operations and enhancing safety, contributes to the growth of the operational technology market in the country.
Moreover, the adoption of operational technology in smart city initiatives, as demonstrated by Melbourne's use of sensors to dynamically adjust traffic signals and Adelaide's optimization of waste collection routes through operational technology solutions, showcases diverse applications that further drive the expansion of the operational technology market in Australia.
The implementation of operational technology in critical sectors and innovative urban solutions promote a robust environment for technological advancement and market growth.
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Our clientele includes a mix of operational technology market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia operational technology market, including forecasts for subscribers. This country databook contains high-level insights into Australia operational technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia operational technology market report size, by component, 2018-2030 (US$M)
Australia Operational Technology Market Share, 2023 & 2030 (US$M)
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