Operational Technology Security Is Fastest Growing Segment Fueling The Growth Of Operational Technology Security Market
Operational Technology Security Market Operational Technology (OT) refers to hardware and software that detects or causes a change through the direct monitoring and/or control of industrial equipment, assets, processes and events. OT security solutions help protect critical infrastructure by securing industrial control systems, sensors and SCADA systems from cyber threats. The global Operational Technology Security Market is estimated to be valued at US$ 18492.8 Mn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing frequency and complexity of cyberattacks targeting critical infrastructure are driving the need for robust OT security solutions. According to reports, there were over 140 OT cyberattacks in 2021 alone. Ransomware attacks targeting critical infrastructure are on the rise, disrupting essential services. Regulatory mandates requiring s...