South Africa Operational Technology Market Size & Outlook
South Africa operational technology market, 2018-2030 (US$M)
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South Africa operational technology market highlights
- The South Africa operational technology market generated a revenue of USD 947.3 million in 2023 and is expected to reach USD 2,130.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.3% 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 947.3 million |
| Market revenue in 2030 | USD 2,130.8 million |
| Growth rate | 12.3% (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, South Africa accounted for 0.5% 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 Middle East & Africa, Saudi Arabia operational technology market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,117.3 million by 2030.
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Operational Technology Market Scope
Operational Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 34.31% in 2023. Horizon Databook has segmented the South Africa 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.
South Korea's growth in operational technology is propelled by initiatives such as the Manufacturing Innovation 3.0 program, highlighting the important role of operational technology in advanced manufacturing and automation. South Korea's adoption of Industry 4.0 principles in electronics and automotive signifies a strong focus on data-driven decision-making and operational efficiency.
Prominent industry players such as Samsung Electronics Co., Ltd. and the Korean Electric Power Corporation represent successful operational technology integration in production lines and smart grid management.
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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 South Africa operational technology market, including forecasts for subscribers. This country databook contains high-level insights into South Africa operational technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa operational technology market report size, by component, 2018-2030 (US$M)
South Africa Operational Technology Market Share, 2023 & 2030 (US$M)
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