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Forecast Period
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2025-2029
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Market Size (2023)
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USD 1.13 Billion
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CAGR (2024-2029)
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7.19%
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Fastest
Growing Segment
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Manufacturing
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Largest Market
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South India
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India Operational Technology Security market is
growing
owing to the rising demand from energy industry, leading to an increasing focus on protecting industrial systems and networks from cyber-attacks
to overcome the need for securing and controlling critical infrastructures such
as power stations. OT Security refers to the protection of physical
devices and systems that are used in industrial and infrastructure sectors,
such as oil and gas, power and water utilities, transportation, and
manufacturing. These systems are critical to the functioning of various
industries and are increasingly being connected to the internet, making them
vulnerable to cyber-attacks. In addition, technological advancement such as
installment of 5G infrastructure for faster internet connectivity and growth in
cloud services, has further boosted the demand for operational technology
security. Government policy measures such as Cyber
Surakshit Bharat initiative, 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 increasing digitalization has proliferated cyber-attacks in various process
industries to hamper the critical infrastructures, making many enterprises
heavily relying on operational technology security platforms. Several factors
are driving the demand for OT security solutions in India, including the
increasing adoption of internet-connected devices and systems, rising awareness
about the risks of cyber-attacks, and the growing need to comply with
regulatory requirements. Additionally, vendors are
making significant product innovations by integrating technologies such as
artificial intelligence (AI), Industrial Internet of Things (IIoT), machine
learning (ML), to cater to customer needs, aiding customer service, and market
requirements, all helping to impose a
positive outlook. These aspects are promoting the development of the
operational technology security market of India throughout the forecast period.
The Increased Use of
Digital Technologies in Industrial Systems Is Driving the Market Growth
The increased use of digital technologies in industrial systems is
another major driver of the market growth of Operational Technology (OT) security
in India. Digital technologies such as cloud computing, big data analytics, and
the Internet of Things (IoT), are transforming the way industries operate and
manage their assets, leading to improved efficiency, productivity, and cost
savings. However, with the increased adoption of digital technologies in
industrial systems, the risk of cyber-attacks has also increased significantly.
Industrial Control Systems (ICS) and Supervisory Control and Data Acquisition
(SCADA) systems that are used in critical infrastructure sectors such as oil
and gas, power and water utilities, transportation, and manufacturing are often
vulnerable to cyber-attacks, which can result in operational downtime, physical
damage, and even loss of life. As a result, there is a growing need for
operational technology security solutions in India to protect these critical
industrial systems from cyber threats. Operational technology security
solutions such as firewalls, intrusion detection systems, and security
information and event management (SIEM) systems are becoming more widely
adopted by organizations to protect their industrial control systems and SCADA
systems from cyber-attacks.
Moreover, the Indian government has also recognized the importance of operational
technology security and has taken several initiatives and centers such as Cyber
Surakshit Bharat, Indian Computer Emergency Response Team (CERT-In), and Cyber
Crime Coordination Centre (I4C) etc., to enhance the cybersecurity posture of
critical infrastructure sectors. For example, the National Critical Information
Infrastructure Protection Centre (NCIIPC) has initiated
several initiatives to make it easier to protect critical information
infrastructure, raise awareness about how to lessen the vulnerabilities of
critical information infrastructure, and defend against cyberterrorism,
cyberwarfare, and other threats. It has also provided organizations with
frameworks and guidelines to help them improve their operational technology
security measures. Overall, the increased use of digital technologies in
industrial systems is a key driver of the market growth of operational
technology security in India, as organizations seek to protect their critical
infrastructure from cyber threats and comply with regulatory requirements.
Increasing Adoption of Cloud Computing Environment
The popularity of cloud computing is accelerating and expanding
tremendously in India. This is due to the government's encouragement of
adopting cutting-edge, developing technologies, as well as best practices drawn
from various cloud deployment scenarios and application domains. Cloud
computing service providers are making investments in new data centres and
cloud regions in India to meet this expanding demand. As India is ushering
towards “Digital India”, it becomes essential for the government to embrace the
cloud to enhance governance and meet the citizen’s expectations. In addition,
due to the various advantages such as minimized IT costs with the reduction of
delivery times, reduced capex and opex to deliver business services, the demand
for enabling cloud computing by the enterprises are rising. This has enabled
many services providers to adapt cloud as an essential technology platform to
increase their product demand. Therefore, increasing adoption of cloud
computing environment is driving the growth of Operational Technology Security in
the Indian market.
Rising Demand from Power Industry
are Propelling the Market Growth
The convergence of operational technology and Information
technology is empowering the power industry to reimagine their business from
front-end to back-end, making enterprises services more accessible than before.
Operational technology security in the power industry is aiding in optimizing
performance, increasing process efficiency, reducing costs, and enhancing
consumer services. The energy sector is essential to nearly every aspect of
modern life. Many energy enterprises have implemented OT security for
automating operations and modernizing substations. With the increasing
digitization and proliferation of integrated technologies, the energy
businesses are encountering more and more intrusions and are increasingly
exposed to cybersecurity threats every year. Operational technology components
like smart meters and other line sensors provide near real-time information,
which can be combined with IT accessories like GIS to pinpoint the location of
the problem and securing the infrastructure. In addition, to re-stabilize the grid
and improve grid frequency, many companies have implemented an
hour-based system at the SLDC, which relates to the
SCADA facility as well as various 33 kV, 132 kV and 220 kV feeder substations,
indicating power flow and the status of breakers and isolators in the grid. For
instance, Odisha Power Transmission Corporation Limited (OPTCL) recently
implemented automatic demand-side management system (ADMS) which enable remote
control and operate over 180 numbers of 33 kV feeders in security with the
regulatory provisions. Furthermore, the Indian Government’s Ministry of Power
(MoP) and the Central Electricity Authority (CEA) recently released cybersecurity
guidelines regarding enhancing the power industry’s cybersecurity readiness, along
with training operational technology personnel on cyber security, and cyber
security training institutes as well as testing labs in the country. These
guidelines are enabling operation technology security into various training
institutions and enterprises. Therefore, the rising demand from power industry such
as SCADA security in securing critical infrastructure and navigating the
ever-changing cyber-threat landscape and many more, are drawing attention to more
and more customers to adopt operational technology security.
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Recent Development
- On April 20,
2023, Infopercept, a global cybersecurity solutions and service provider
firm, announced the launch of its latest SaaS offering, “Invinsense 4.0” a
Premium cybersecurity platform. With its most recent product, Invinsense
4.0, the company aims to cover all three platforms’s offensive, defensive,
and security compliance by supporting IT, cloud, operational technology
and IoT landscapes and optimizing user interface & experience.
- On February
14, 2023, Fortinet, a global cybersecurity leader announced the launch of new
ASIC technology “FortiSP5” to accelerate the
convergence of networking and security across every network edge. In
comparison to typical CPU and network ASICs, the new technology “FortiSP5”
offers much higher secure computing capacity, cheaper costs, less power
consumption, and the flexibility to allow new secure infrastructure for
branch, campus, 5G, edge computing, operational technologies, and other
uses.
- On Nov 02,
2022, Honeywell International Inc, a multinational technology firm
announced the release of its new operational technology (OT) cybersecurity
solutions. The new advanced monitoring and incident response (AMIR)
dashboard and updated cyber app control solution is designed to enable customers
in defending the availability, reliability and safety of their industrial
control systems and operations empowering organizations with 24/7
intelligent threat detection, across the expanding attack surface of their
industrial control systems (ICS).
Market Segmentation
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 as
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 BFSI, power & energy, manufacturing,
transportation & logistics, mining, oil & gas, and others.
Market Player
Major market players in the India Operational Technology Security Market
are 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.
|
Attribute
|
Details
|
|
Base Year
|
2023
|
|
Historic Data
|
2019 –
2022
|
|
Estimated Year
|
2024
|
|
Forecast Period
|
2025
– 2029
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2019-2023 and 2024-2029
|
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments covered
|
Component
By Solutions
By Service
Deployment
Enterprise
Size
End-User
Region
|
|
Country scope
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India
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Region scope
|
East India, West India, North India and South India
|
|
Key companies profiled
|
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
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, the India Operational
Technology Security market has been segmented into the following categories, in
addition to the industry trends which have also been detailed below:
- India Operational Technology
Security Market, By Component:
- Solutions
- OT Endpoint Security
- OT Network
Segmentation
- Anomaly Detection
- Incident Response and
Reporting
- Others
- Service
- India Operational Technology
Security Market, By Deployment:
o Public
o Private
o Hybrid
- India Operational
Technology Security Market, By Enterprise Size:
o Small & Medium Enterprise
o Large-Sized Enterprise
- India Operational
Technology Security Market, By End User:
o BFSI
o Power & Energy
o Manufacturing
o Transportation & Logistics
o Mining
o Oil & Gas
o Others
- India Operational
Technology Security Market, By Region:
o East India
o West India
o North India
o South India
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in the India Operational Technology
Security market.
Available Customizations:
India Operational Technology Security market report
with the given market data, Tech Sci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
The India Operational Technology Security market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]