Operational Technology Market To Be Worth USD 255.9 Billion by 2030, Says P&S Intelligence
NEW YORK, April 20, 2023 /PRNewswire/ -- The global operational technology market is projected to be worth USD 255.9 billion by 2030, growing at a CAGR of 6.10%, according to P&S Intelligence.
- NEW YORK, April 20, 2023 /PRNewswire/ -- The global operational technology market is projected to be worth USD 255.9 billion by 2030, growing at a CAGR of 6.10%, according to P&S Intelligence.
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In 2022, control systems led the market with an approximately 48% revenue share. - This is mainly because of the hike in the acceptance of SCADA for gathering real-time information from remote sites and governing different devices.
- In 2022, APAC dominated the operational technology market with an approximately 48% revenue share, owing to the increasing acceptance of IoT to enable the setup of smart factories.