Market revenue in 2023 | USD 71,928.7 million |
Market revenue in 2030 | USD 121,093.1 million |
Growth rate | 7.7% (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 |
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 |
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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 34.33% in 2023. Horizon Databook has segmented the North America 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 region boasts a well-developed industrial base, particularly in automotive manufacturing. This existing infrastructure provides a foundation for the adoption of new operational technology solutions.
For instance, in July 2022, Rockwell Automation, a U.S. based automation company, partnered with Dragos, Inc., the industrial cybersecurity company, to improve operational technology incident response readiness. The incident response retainer program assists industrial organizations in readiness, response, and recovery from cyber incidents within operational technology environments.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America operational technology market, including forecasts for subscribers. This continent databook contains high-level insights into North America operational technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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