The global IT and OT converge market is anticipated to grow at a CAGR of 9.8% during the forecast period (2023-2030). One of the driving forces behind IT and OT convergence is cyber security of operational systems including SCADA, MES, controllers, among others. OT has typically been managed as individual devices, which has made it very difficult for IT to maintain its cyber security mandate. In addition, the growing digital transformation, rising industrial internet of things (IIoT) fueled the market growth over the forecast period. As organizations undergo digital transformation initiatives, they are increasingly interconnecting traditionally isolated OT systems with IT networks. This connectivity creates new attack surfaces that require robust cybersecurity measures. Therefore, the major companies are creating an IT/OT security operations center service to identify malware intrusion, unauthorized access, and cyberattacks.
Browse the full report description of “Information Technology (IT) and operational-technology (OT) Converge Market Size, Share & Trends Analysis Report by component (Control Systems and Field Devices), by Networking Technology (Wired and Wireless), and by Industry (Automotive, Aerospace, and Defense, Pharmaceuticals and Medical Devices, Transportation, Machine Manufacturing, Semiconductor and Electronics, Utility and Energy, Chemical, Oil, and Gas, Metals and Mining, Food and Beverages and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/it-and-ot-converge-market
For instance, in August 2022, Yokogawa Electric Corp., released the OpreXTM IT/OT security operations center (IT/OT SOC) service. This service was developed to improve the security of IT and OT networks by detecting, analyzing, and enabling a quick and effective response to cybersecurity incidents. I0T/OT SOC is a security monitoring service that uses next-generation security information and event management (SIEM) which is fast, scalable, and unified. The service benefited various CTI and ML tools to collect event logs from customers' IT/OT devices to detect cyber-attacks, unauthorized accesses, and infiltration by malware. It provided a wide range of analysis, consulting, and managed services with next-generation SOC architecture.
Further, the IT and OT convergence is driven by the rising adoption of IIoT devices and sensors in industrial and critical infrastructure sectors has grown. These devices often bridge the gap between OT and IT systems, necessitating cybersecurity solutions that protect both realms. Owing to this, the key players are entering into strategic partnership to embrace the benefits of the industrial internet of things (IIoT) by reducing cyber risks. For instance, in July 2023, DirectDefense, Inc., a provider of information security services company, partnered with SCADAfence, the global technology provider in OT and IoT cybersecurity. The SCADAfence Platform enabled critical infrastructure and manufacturing organizations with complex OT networks to embrace the benefits of the IIoT by reducing cyber risks and mitigating operational threats.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Component
o By Networking Technology
o By Industry Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Accenture PLC, Intel Corp., KPMG International Ltd., HCL Technologies Ltd., and among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global IT and OT Converge Market Report Segment
By Component
• Control Systems
o Distributed Control System and SCADA
o Warehouse Management System
o Plant Asset Management and Functional Safety
o Human Machine Interface
• Field Devices
o Industrial Sensors
o Industrial Valves
o Transmitters
o Actuators
By Networking Technology
By Industry
Global IT and OT Converge Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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