Europe Operational Technology Market Size & Outlook
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Europe operational technology market highlights
- The Europe operational technology market generated a revenue of USD 54,185.3 million in 2023.
- The market is expected to grow at a CAGR of 9.1% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 54,185.3 million |
| Market revenue in 2030 | USD 99,573.6 million |
| Growth rate | 9.1% (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 |
| 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, Europe region accounted for 28.4% of the global operational technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 106,868.4 million by 2030.
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Operational Technology Market Scope
Operational Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Europe 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 33.81% in 2024. Horizon Databook has segmented the Europe 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 increasing emphasis on sustainability and energy transition in Europe, with a growing focus on renewable energy and energy efficiency, is propelling the demand for advanced operational technology solutions. This trend particularly drives the development of operational technology solutions dedicated to grid management and optimization.
Moreover, the European Union (EU) has implemented specific regulations such as the NIS Directive and the Cybersecurity Act to address cybersecurity concerns in critical infrastructure. These regulations impact operational technology security practices, creating an increased awareness and urgency for robust cybersecurity measures within various industries.
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Target buyers of Europe 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 continent-level data and insights on the Europe operational technology market, including forecasts for subscribers. This continent databook contains high-level insights into Europe operational technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe operational technology market report size, by country, 2018-2030 (US$M)
Europe Operational Technology Market Share, 2024 & 2030 (US$M)
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