Operational Technology (OT) Security Market Size, Share, Trends, Industry Analysis Report: By Offerings (Solutions and Services), Deployment Mode, Application, Organization Size, and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) – Market Forecast, 2025–2034
- Published Date:Apr-2025
- Pages: 113
- Format: PDF
- Report ID: PM4922
- Base Year: 2024
- Historical Data: 2020-2023
Operational Technology (OT) Security Market Overview
The global operational technology security market size was valued at USD 19.36 billion in 2024. The market is projected to grow from USD 22.34 billion in 2025 to USD 83.90 billion by 2034, exhibiting a CAGR of 15.8% during 2025–2034.
Operational technology (OT) includes the use of hardware and software to control and monitor physical devices, processes, and infrastructure. Operational technology security consists of technologies and practices used to maintain and protect the integrity, safety and availability of systems managing industrial operations and critical infrastructure. OT security solutions include a wide range of security technologies, from security information and event management (SIEM) systems to identity access and management to next-generation firewalls (NGFWs) to secure information.
The rising urbanization worldwide is contributing to global OT security market demand. In February 2024, World in Data published data stating that more than two-thirds of the world population is projected to live in urban areas by 2050. Urbanization propels the adoption of intelligent transportation systems, automated water and energy management, and interconnected public services. These systems rely on OT devices, sensors, and industrial networks that require constant protection against cyber threats, leading to increased demand for OT security solutions as they ensure the continuous operation of intelligent transportation systems and interconnected public services.
 Security Market.png)
To Understand More About this Research: Request a Free Sample Report
Governments in urban areas are imposing stringent cybersecurity regulations to protect critical infrastructure and industrial operations. These regulatory norms compel businesses and public institutions to invest in advanced OT security solutions. Therefore, as urbanization increases, the demand for operational technology security market also spurs.
Operational Technology Security Market Dynamics
Increasing Cyberattacks on Critical Infrastructure Globally
The increasing cyberattacks on critical infrastructure are propelling the demand for operational technology (OT) security. Cybercriminals are frequently targeting essential critical infrastructure worldwide to disrupt operations and cause widespread damage. These frequent cyberattacks are driving organizations to invest in advanced OT security solutions to protect their critical systems from malicious activities. Therefore, the OT security market continues to grow as the frequency of cyberattacks on critical infrastructure increases globally. For instance, as per data published in the Center for Strategic & International Studies report, cyberattacks by Russia on Ukraine surged by nearly 70% in 2024, with 4,315 incidents targeting critical infrastructure, including government services, the energy sector, and defense-related entities.
The healthcare facility, a part of critical infrastructure, is facing increasing cyberattacks, pushing the demand for OT security. Hospitals and medical facilities depend on OT systems for life-saving operations, medical device management, and patient care automation. Cybercriminals are targeting these systems to steal sensitive data, disable critical equipment, or demand ransom payments. Healthcare organizations are responding to this by investing in and strengthening OT security through strict access controls, endpoint protection, and continuous security assessments. In May 2022, cybercriminals targeted Greenland’s healthcare system, causing networks to crash throughout the island. Thus, the increasing cyberattacks on critical infrastructure are driving the operational technology security market growth.
Growing Adoption of Industrial Internet of Things (IIoT) and Cloud-Based OT Security Solutions
The rapid digital transformation of industrial sectors is driving the need for robust cybersecurity solutions. The Industrial Internet of Things (IIoT) expands the attack surface for cyber threats, making OT security essential. Traditional industrial systems were operated in isolated environments with minimal exposure to external threats. IIoT enables remote access, cloud connectivity, and data sharing, which introduces new vulnerabilities. Hackers utilize these weaknesses to infiltrate industrial networks, disrupt operations, or steal sensitive information. To address these threats, organizations are implementing OT security measures such as network segmentation, encryption, and intrusion detection systems. These security measures ensure the safety and integrity of industrial processes.
Manufacturing industries depend on IIoT for smart production lines, predictive maintenance, and real-time monitoring. IIoT systems improve operational efficiency but also create cybersecurity challenges. Cybercriminals are targeting IIoT systems such as industrial control systems (ICS), programmable logic controllers (PLCs), and sensors to manipulate production processes or halt manufacturing operations. Thus, companies invest in solutions to prevent unauthorized access and detect anomalies.
Cloud-based OT security solutions are gaining traction, offering real-time analytics, threat intelligence, and remote security management. The increasing need to protect industrial operations from cyber threats continues to boost the demand for operational technology (OT) security solutions. Hence, the growing adoption of the Industrial Internet of Things (IIoT) and cloud-based OT security is propelling the operational technology security market development.
 Security Market info.png)
Operational Technology Security Market Segment Insights
OT Security Market Outlook by Offerings Insights
On the basis of offerings, the operational technology security market is bifurcated into solutions and services. In 2024, the solutions segment dominated the OT security market share, accounting for 72.9% of market revenue. This dominance is attributed to the increasing digitalization and interconnectivity of industrial systems. As organizations integrate industrial IoT (IIoT), cloud computing, and remote access capabilities, the attack surface expands, making robust security solutions essential. Rising cyber threats targeting critical infrastructure, including ransomware attacks and nation-state cyber warfare, have heightened the demand for advanced OT security solutions. For instance, in December 2024, according to the Indian Computer Emergency Response Team (CERT-In), the total number of cybersecurity incidents affecting government organizations was 1,92,439 in 2022 and increased to 2,04,844 in 2023. This surge in cyber incidents emphasizes the urgent need for comprehensive OT security measures to protect critical infrastructure from evolving threats driving the operational technology security market expansion.
Organizations are prioritizing real-time threat detection, incident response, and predictive analytics to mitigate risks proactively. Industries are increasingly adopting automation and smart technologies. Therefore, the integration of OT security solutions continues to grow, ensuring operational resilience, regulatory compliance, and the protection of critical assets from cyber threats. OT security solutions are evolving to provide proactive defense mechanisms with continuous advancements in artificial intelligence and machine learning, further driving market operational technology (OT) security growth.
OT Security Market Assessment by Deployment Mode Insights
By deployment mode, the operational technology security market is divided into on-premises and cloud. The on-premises segment accounted for the largest share in 2024 and is expected to register a CAGR of 15.3% during the forecast period. On-premises OT security refers to cybersecurity solutions installed and managed directly within an organization’s physical infrastructure rather than relying on cloud services. These solutions protect critical industrial control systems (ICS), supervisory control and data acquisition (SCADA) systems, and other OT environments from cyber threats without external dependencies.
On-premises security includes network monitoring tools, firewalls, intrusion detection systems (IDS), endpoint protection, and identity and access management (IAM) solutions. Industries such as energy, manufacturing, oil and gas, and transportation prefer these solutions due to their need for real-time security and low-latency operations. OT security market trends show that organizations are prioritizing complete control over their networks to prevent insider threats and ensure security measures align with operational requirements. The rise in cybersecurity risks across OT environments creates a significant operational technology security market opportunity, driving continued investments in on-premises security.
 Security Market seg.png)
Operational Technology Security Market Regional Analysis
By region, the study provides operational technology security market insights into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The North America OT security market size reached USD 9,155.23 million in 2024 and is estimated to register a CAGR of 15.2% during the forecast period. The growth is driven by rising cyber threats and attacks, government regulations and compliance requirements, and digitalization and industrial IoT (IIoT) adoption. North American countries are hubs for major industrial complexes, protecting this manufacturing installation becomes important for the efficient business operations of the companies. Industries are rapidly adopting digitalization, leading to a significant rise in cyber threats. Check Point Software Technologies reported that in 2023, North America accounted for approximately 57% of global cyberattacks. The growing use of the Internet of Things (IoT) and Industrial Control Systems (ICS) has increased the risk of cyberattacks, causing financial losses for both SMEs and large enterprises. The OT security market plays a crucial role in addressing these threats by providing proactive threat detection, real-time monitoring, and advanced security frameworks to protect industrial control systems.
 Security Market reg.png)
The Asia Pacific operational technology security market is expected to register a significant CAGR from 2025 to 2034. The regional market growth is driven by the widespread adoption of digitization within the industries including manufacturing, energy, and critical infrastructure industries. Countries such as China, Japan, and India are witnessing increased cyber threats targeting industrial sectors, prompting significant investments in cybersecurity. The region is actively incorporating cybersecurity frameworks by means of adopting AI-driven security tools and comprehensive national cybersecurity strategies. Thus, framing and adoption of cybersecurity policies by the government are helping the region to grow in terms of production efficiency, which is ultimately driving the need for operational technology security in the region.
Operational Technology (OT) Security Market – Key Players & Competitive Insights
Leading market players are increasing their investments in research and development (R&D) to enhance their product portfolios, driving the OT security market expansion during the forecast period. Companies are also adopting strategic initiatives such as new product launches, partnerships, mergers and acquisitions, and contractual agreements to strengthen their market presence. Additionally, rising investments in advanced cybersecurity solutions, AI-driven threat detection, and cloud-based OT security platforms are reshaping the competitive landscape. To remain competitive and expand their global footprint, OT security providers must focus on delivering cost-effective, scalable, and innovative security solutions tailored to industry-specific needs.
A few major players in the operational technology security market include Palo Alto Networks, Inc.; Anovis IT-Services and Trading GmbH; CyberArk Software Ltd.; Check Point Software Technologies Ltd.; Fortinet, Inc.; BlastWave, Inc.; Cisco Systems, Inc.; Honeywell International Inc.; Qualys, Inc.; Siemens AG; Yokogawa Electric Corporation; Zscaler, Inc.; Forcepoint LLC; Microsoft Corporation; Rapid7, Inc.; Schneider Electric SE; ABB Ltd.; TÜV AUSTRIA UK LTD; IIOT Cybersecurity GmbH; and International Business Machines Corporation (IBM).
Cisco Systems, Inc. is designing, manufacturing, and selling Internet Protocol-based networking and communication technology solutions. The company provides a comprehensive portfolio, including switching and routing products that enable secure and reliable connectivity for campus, data center, and branch networks. Its wireless solutions ensure seamless indoor and outdoor coverage for video, voice, and data applications, supporting mobility across various industries. The company delivers advanced security solutions, encompassing network security, identity and access management, and threat detection services. Its collaboration offerings, such as the Webex Suite, contact center solutions, and communication platforms, enable organizations to transition seamlessly between cloud, on-premise, and hybrid environments. Additionally, its observability suite enhances network assurance, monitoring, and analytics, providing businesses with greater visibility and control over their IT infrastructure.
Honeywell International Inc. is a multinational conglomerate corporation headquartered in Charlotte, North Carolina. The company offers in the product of four areas, including building technologies, aerospace, safety & productivity solutions (SPS), and performance materials and technologies (PMT). Honeywell Aerospace provides aircraft engines, avionics, flight management systems, and services to airlines, airports, manufacturers, space programs, and militaries. Moreover, in 2020, the company acquired Ballard Unmanned Systems to expand the product portfolio of aerospace segments. It operates for various industries such as aerospace and travel, commercial real estate, energy, healthcare, life sciences, logistics & warehouse, retail, and utilities.
List of Key Companies in Operational Technology Security Market
- ABB Ltd.
- Anovis IT-Services and Trading GmbH
- BlastWave, Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- CyberArk Software Ltd.
- Forcepoint LLC
- Fortinet, Inc.
- Honeywell International Inc.
- IIOT Cybersecurity GmbH
- Microsoft Corporation
- Palo Alto Networks, Inc.
- Qualys, Inc.
- Rapid7, Inc.
- Schneider Electric SE
- Siemens AG
- TÜV AUSTRIA UK LTD
- Yokogawa Electric Corporation
- Zscaler, Inc.
- International Business Machines Corporation (IBM)
Operational Technology (OT) Security Industry Developments
February 2025: Qualys launched mROC, a Managed Risk Operation Center, to improve risk management services for partners. mROC provides MSSPs with tools for advisory, monitoring, and remediation to enable proactive cyber risk management based on its Enterprise TruRisk Management platform.
November 2024: Zscaler launched Zero Trust Segmentation, extending secure connectivity to branches, factories, and clouds. The solution eliminates firewalls, SD-WAN, and VPNs, preventing ransomware spread and simplifying network architecture while applying business policies through the Zscaler Zero Trust Exchange platform.
April 2024: Siemens launched SINEC Security Guard, a cloud-based SaaS for OT cybersecurity. It automates vulnerability mapping, prioritizes risks, and recommends mitigation measures for shopfloor assets integrated with Microsoft Sentinel.
Operational Technology Security Market Segmentation
By Offerings Outlook (Revenue, USD Billion, 2020–2034)
- Solutions
- Network Security Solutions
- Endpoint & Device Security
- Identity & Access Management (IAM)
- Threat Detection & Incident Response
- Others
- Services
By Deployment Mode Outlook (Revenue, USD Billion, 2020–2034)
- On-Premises
- Cloud
By Application Outlook (Revenue, USD Billion, 2020–2034)
- Energy and Power
- Financial
- Industrial
- Transportation & Logistics
- Others
By Organization Size Outlook (Revenue, USD Billion, 2020–2034)
- Large Enterprises
- Small and Medium-Sized Enterprises
By Regional Outlook (Revenue, USD Billion, 2020–2034)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- Israel
- UAE
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Operational Technology Security Market Report Scope
|
Report Attributes |
Details |
|
Market Size Value in 2024 |
USD 19.36 Billion |
|
Market Size Value in 2025 |
USD 22.34 Billion |
|
Revenue Forecast by 2034 |
USD 83.90 Billion |
|
CAGR |
15.8% from 2025 to 2034 |
|
Base Year |
2024 |
|
Historical Data |
2020–2023 |
|
Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD Billion and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Industry Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
|
|
Report Format |
|
|
Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The global OT security market size was valued at USD 19.36 billion in 2024 and is projected to grow to USD 83.90 billion by 2034.
The global market is expected to register a CAGR of 15.8% during the forecast period.
North America held the largest share of the global market in 2024.
A few key players in the market are Palo Alto Networks, Inc.; Anovis IT-Services and Trading GmbH; CyberArk Software Ltd.; Check Point Software Technologies Ltd.; Fortinet, Inc.; BlastWave, Inc.; Cisco Systems, Inc.; Honeywell International Inc.; Qualys, Inc.; Siemens AG; Yokogawa Electric Corporation; Zscaler, Inc.; Forcepoint LLC; Microsoft Corporation; Rapid7, Inc.; Schneider Electric SE; ABB Ltd.; TÜV AUSTRIA UK LTD; IIOT Cybersecurity GmbH; and International Business Machines Corporation (IBM).
The solutions segment dominated the market in 2024.
The on-premises segment held the largest share of the global market in 2024.
© 2025 Polaris Market Research and Consulting. All rights reserved
