Europe Operational Technology Market size to Reach USD 9,138.67 million by 2028.

 

Market Analysis and Insights: Europe Operational Technology Market

Europe operational technology market is expected to gain substantial growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.7% in the forecast period and is expected to reach USD 9,138.67 million by 2028. Increasing popularity of controlling and monitoring equipment is a major factor fuelling the growth of the market.  

Operational technology systems are hardware and software that detect the cause of change through direct monitoring using a physical device. Operational Technology (OT) uses various technologies such as Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control Domains (PCD), and Programmable Logic Controllers (PLC) to perform its applications. It is popularly used in industrial control systems, which can be deployed anywhere including power stations paper industries, and others. In recent times, merging or convergence of operational technology with Information Technology (IT) systems has led to development of Industrial Internet of Things (IIOT).

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Europe Operational Technology Market Scope and Market Size

Europe operational technology market is segmented on the basis of component, deployment, organization size, connectivity, technology, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Europe Operational Technology Market, By Component (Hardware, Software/Platform, Services), Deployment (On Premise, Hybrid, Cloud), Organization Size (Small & Medium Business, Large Enterprises), Connectivity (wired, Wireless), Technology (Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control Domains (PCD), Programmable Logic Controllers (PLC), Safety Instrumented Systems (SIS), Building Management/Automation Systems (BAS)), End-user (Automotive and Transportation, Building and Infrastructure, Energy and Utilities, Food and Beverage, Life Sciences, Marine and Ports, Metals and Mining, Oil & Gas, Chemicals, Pulp and Paper, Others), Country (Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe), Market Trends and Forecast to 2028

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Competitive Landscape and Europe Operational Technology Market Share Analysis

Europe operational technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus on the Europe operational technology market.

Major players covered in the report are Honeywell International Inc., ABB, SCADAfence, Forcepoint, General Electric, Rockwell Automation, Inc., Fortinet, Inc., IBM Corporation, Advantech Co., Ltd., Emerson Electric Co., Wipro Limited, Schneider Electric, SAP SE, Cisco Systems, Inc., Accenture, Yokogawa Electric Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, and others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Various product developments are also initiated by the companies worldwide, which are also accelerating the growth of Europe operational technology market.


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