Brazil Operational Technology Market Size & Outlook
Brazil operational technology market, 2018-2030 (US$M)
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Brazil operational technology market highlights
- The Brazil operational technology market generated a revenue of USD 3,130.4 million in 2023 and is expected to reach USD 5,698.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.9% 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 3,130.4 million |
| Market revenue in 2030 | USD 5,698.7 million |
| Growth rate | 8.9% (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, Brazil accounted for 1.6% 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 Latin America, Brazil operational technology market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 4,963.4 million by 2030.
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Operational Technology Market Scope
Operational Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 34.21% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is experiencing increasing adoption of operational technology in diverse sectors, with applications ranging from industrial automation and predictive maintenance in manufacturing to remote monitoring in mining, smart irrigation systems in agriculture, and smart grid management in the energy sector.
The integration of the Internet of Things (IoT) into various sectors resonates with the broader global trend and contributes to the advancement of operational technology solutions in Brazil. For instance, Embraer S.A., a Brazilian aerospace company, utilizes IoT for aircraft maintenance and performance monitoring, enhancing operational efficiency and optimizing aviation sector performance.
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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 Brazil operational technology market, including forecasts for subscribers. This country databook contains high-level insights into Brazil operational technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil operational technology market report size, by component, 2018-2030 (US$M)
Brazil Operational Technology Market Share, 2023 & 2030 (US$M)
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