India Operational Technology Security Market is Expected to Register a Steady CAGR During the Forecast Period 2025-2029
Rising demand from power
industry is expected to propel the India operational technology security
market.
According to TechSci Research
report “India Operational Technology Security Market
- By Region, Competition, Forecast & Opportunities, 2019-2029F”,
the India operational technology security market is expected to register robust
growth during the forecast period, 2025-2029. The India’s operational
technology security is growing due to an increasing focus to overcome industrial
systems and networks from cyber-attacks and increasing requirement for securing
and controlling critical infrastructures such as power stations. The demand for
OT security will increase exponentially as these technologies are under-developed
and converging with networked technology. Businesses are increasingly considering
more reliable and effective services such as operational technology security. Government
policy measures such as Cyber Surakshit Bharat, Digital India initiative, and
the evolution of Cloud Computing (Meghraj) in government organizations, are
further increasing the demand for more operational technology security in the
country. Moreover, the need for operational technology security solutions is
increasing due to reduced capital expenses and faster deployment of security
solutions to overcome the cyber-attack, ultimately driving market expansion
over the projection period. Moreover, the increased use of industrial internet
of things (IIoT), smart sensors, mobility solutions, connected devices or
robots in shop floors are making these facilities prone to more and more
sophisticated cyber-attacks. Additionally, the increasing use of digital
technologies in industrial systems and
rising demand from enterprises for better security solutions due to better
business continuity, are increasing the development of operational
technology security market of India throughout the forecast period.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "India Operational Technology Security Market.”
Based on components, the market is segmented into
solutions and service. The solution segment is further categorized into OT
endpoint security, OT network segmentation, anomaly detection, incident
response and reporting, and others. the service segment is further categorized
into professional and managed. Based on deployment, the market is segmented
into public, private and hybrid. Based on enterprise size, the market is
divided into small & medium enterprise and large-sized enterprise. Based on
end-user, the market is segmented into BFSI, power & energy, manufacturing,
transportation & logistics, mining, oil & gas, and others.
Based on deployment type, the
public deployment segment is expected to maintain its dominance during the
forecast period, followed by hybrid cloud deployment. The public deployment
models are cost-effective and require less expenditure during operations and
hence, vendors are focusing on deploying cloud based private deployment.
Based on enterprise size, large
enterprises are likely to maintain maximum market share as most of them are
early adopters of advent technologies. Other significant aspects supporting the
segment's growth are the decrease in capital and operating expenses as well as
huge customer base. Additionally, the adoption is expected to be supported by
the growing trend of critical infrastructure enhancement such as data centers
and complex IT infrastructures. Due to flexible and affordable solution
options, small and medium-sized businesses are expected to see substantial
development. To grow their company operations, several small and medium-sized
enterprises have begun to use cloud-based installations. Small and medium-sized
enterprise ambitious objective to enhance efficiency, productivity, reporting
capabilities, and customer service management in the upcoming years are further
aiding in the deployment of operational technology security.
Based on end users, the BFSI segment is expected to register the fastest growth during the forecast period, followed by the power industry segment. Banks and other financial organizations are being pushed by digitalization to streamline their processes and provide amenities that are comfortable for their clients. To automate and secure the infrastructure, banks, and other organizations are turning more and more towards cloud based operational technology solutions for enhancing the security from cyber threats. The banking and finance sector are increasingly adopting operational technology security because of their potential to improve customer service. Additionally, the need is being driven by IT-enabled services, which rely on the teleworking or remote service paradigm. To automate the operations, the power industry is increasingly implementing cloud-native operational technology security solutions to enhance critical infrastructure
Key
market players in the India Operational Technology Security Market include:
- Rockwell Automation India Pvt. Ltd
- IBM Corporation
- Oracle Corporation
- Schneider Electric India Pvt
Ltd.
- ABB India Ltd.
- Emerson Electric Company
(India) Private Limited
- Honeywell International India
Private Limited.
Download Free Sample Report
Customers can also request for 10% free customization on this report.
““South, being the larger IT
hub region, holds the largest market share of operational technology security,
benefiting from the presence of several IT companies and early adoption of
advanced technology. The emphasis on automation across industries and adoption
of industry 4.0 solutions is expected to increase the demand for operational
technology security, across India. Additionally, India is emerging as one of the
major manufacturing hub across the Asia Pacific region, thereby many enterprises
in the country are increasingly adopting industrial automation solutions such
as operational technology, SCADA systems that are further propelling the market
growth. The favorable initiatives by the Indian government to encourage the
adoption of cloud-based systems, cyber security measures, and automation of
business processes, are propelling the market demand. Moreover, cities like
Hyderabad, Chennai, Bangalore, are receiving huge investments in data centers,
cloud infrastructure, and various technologies, which has created the surge in
the demand, and further proliferating the growth of Operational Technology
Security in India.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
India Operational Technology
Security Market – Segmented By Component (Solutions
(OT Endpoint Security, OT Network Segmentation, Anomaly Detection, Incident
Response and Reporting, Others) and Service (Professional, Managed)), By
Deployment (Public, Private and Hybrid), By Enterprise Size (Small & Medium
Enterprise and Large-Sized Enterprise), By End-User (BFSI, Power & Energy,
Manufacturing, Transportation & Logistics, Mining, Oil & Gas, Others), By
Region, Competition Forecast & Opportunities, 2029F has evaluated the future
growth potential of India Operational Technology Security Market and provides
statistics & information on market size, structure, and future market
growth. The report's goal is to give current market knowledge and assist
decision makers in making informed investment decisions. Furthermore, the study
identifies and analyses emerging trends, as well as key drivers, challenges,
and opportunities in the India Operational Technology Security market.
Contact
Mr. Ken Mathews
708 Third
Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Web: www.techsciresearch.com