Middle East and Africa Operational Technology Market, By Component (Human-Machine Interface, Control Systems, Hardware, Software/Platform, and Services), Deployment (On-Premise, Hybrid, and Cloud), Organization Size (Small and Medium Size Business and Large Enterprise), Connectivity (Wired and Wireless), Technology (Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control Domains (PCD), Programmable Logic Controllers (PLC), Safety Instrumented Systems (SIS), and Building Management / Automation Systems (BAS)), End-User (Automotive and Transportation, Building and Infrastructure, Energy and Utilities, Food and Beverage, Life Sciences, Marine and Ports, Metals and Mining, Oil and Gas, Chemicals, Pulp and Paper, Pharmaceuticals, Aerospace and Defense, Machine Manufacturing, and Others) – Industry Trends and Forecast to 2031.
Middle East and Africa Operational Technology Market Analysis and Size
Operational technology market encompasses industrial control systems, IoT devices, and software vital for industrial operations. It finds applications in manufacturing, energy, transportation, and more. From optimizing production processes to enhancing safety and efficiency, operational technology market solutions initiative innovation and digital transformation across industries worldwide.
Data Bridge Market Research analyses that the Middle East and Africa operational technology market, which was USD 3.29 billion in 2023, is expected to reach USD 5.33 billion by 2031, growing at a CAGR of 6.2% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Middle East and Africa Operational Technology Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Human-Machine Interface, Control Systems, Hardware, Software/Platform, and Services), Deployment (On-Premise, Hybrid, and Cloud), Organization Size (Small and Medium Size Business and Large Enterprise), Connectivity (Wired and Wireless), Technology (Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control Domains (PCD), Programmable Logic Controllers (PLC), Safety Instrumented Systems (SIS), and Building Management / Automation Systems (BAS)), End-User (Automotive and Transportation, Building and Infrastructure, Energy and Utilities, Food and Beverage, Life Sciences, Marine and Ports, Metals and Mining, Oil and Gas, Chemicals, Pulp and Paper, Pharmaceuticals, Aerospace and Defense, Machine Manufacturing, and Others)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Honeywell International Inc. (U.S), ABB (Switzerland), SCADAfence (Israel), General Electric (U.S), Rockwell Automation, Inc. (U.S), Fortinet, Inc. (U.S), IBM Corporation (U.S), Advantech Co., Ltd. (Taiwan), Emerson Electric Co. (U.S), Wipro (India), Schneider Electric (France), SAP SE (Germany), Cisco Systems, Inc. (U.S), Accenture (Ireland), Yokogawa Electric Corporation (Japan), Huawei Technologies Co., Ltd. (China), Oracle (U.S)
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Market Opportunities
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Market Definition
Operational technology (OT) refers to hardware and software systems used to monitor and control physical devices, processes, and infrastructure in industries such as manufacturing, energy, and transportation. Distinct information technology (IT), OT focuses on real-time operations and often involves specialized industrial equipment and protocols for reliable performance and safety.
Middle East and Africa Operational Technology Market Dynamics
Drivers
- Rising Demand for Merging Operational Technology (OT) and Information Technology (IT)
The rising demand for merging operational technology (OT) and information technology (IT) is driven by technological advancements and edge computing capabilities. This convergence fosters the development of the industrial internet of things (IIOT), offering enhanced reliability, security, and cost-efficiency. Industries such as manufacturing, utility, energy, and transportation stand to benefit significantly from IIOT integration.
- Growing Demand for Smart Automated Solutions
The escalating need for smart automated solutions is evident, leveraging emerging technologies such as smart data capture, RPA, conversational interfaces, and cognitive automation. This framework optimizes structured, knowledge, and interaction work, enhancing effectiveness, efficiency, and customer experiences in operations. Mimicking human actions and intelligence, smart automation drives significant improvements in various industries.
Opportunities
- Growing Cybersecurity Solutions Demands
As operational technology (OT) systems become more digitized and interconnected, the demand for specialized cybersecurity solutions intensifies. These solutions must address the unique vulnerabilities of OT environments to safeguard critical infrastructure from cyber threats. Tailored OT cybersecurity measures are essential to ensure the reliability, security, and resilience of industrial control systems and related assets.
- Cloud Migration for OT Systems Owing to Flexibility
Organizations are increasingly eyeing cloud migration for their operational technology (OT) systems, seeking scalability, flexibility, and charge savings. Solutions enabling secure and smooth OT workload migration to the cloud are in high demand, promising enhanced efficiency and resilience. This trend reflects a shift towards leveraging cloud infrastructure for optimizing OT operations and embracing digital transformation.
Restraints/Challenges
- Data Silos in OT Environments Hindering Innovation
Data silos in OT environments hamper the market by obstructing efficient decision-making and hindering innovation. Without access to integrated data, organizations struggle to optimize operations, identify opportunities for improvement, and respond swiftly to changing market demands. This limitation stifles competitiveness, undermines agility, and impedes the realization of the full potential of data analytics and machine learning technologies.
- High Cost of Implementation and Maintenance
The high cost of upgrading or replacing existing operational technology (OT) infrastructure hampers market growth by creating barriers to entry for smaller companies, limiting innovation adoption rates, and diverting resources away from other strategic initiatives. Additionally, it deter organizations from investing in necessary upgrades, leading to outdated systems vulnerable to cyber threats and operational inefficiencies.
This Middle East and Africa operational technology market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Middle East and Africa operational technology market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2021, SAP SE and Onapsis form a partnership to address rising cybersecurity challenges. Through offering unique solutions, the collaboration aims to mitigate the impact of cyber threats across various industries and buildings, expanding market reach for both companies
- In August 2020, Fortinet, Inc., and IBM join forces to enhance cybersecurity skills through training programs. This initiative targets the growing cybersecurity risks resulting from the integration of operational technology with internet technology, aiming to empower engineers to effectively combat evolving threats
- In February 2020, Schneider Electric launches an upgraded EcoStruxure Power SCADA Operation Software, featuring real-time vision and control capabilities for swift responses to cybersecurity and graphics customization issues. The software prioritizes safety, reliability, and compliance, contributing to market expansion for the company
- In January 2020, Cisco Systems, Inc. launches a Comprehensive Security Architecture for Industrial IoT, leveraging enhanced visibility and threat detection capabilities across IoT and OT environments. Utilizing Cisco's latest cyber vision technology, the solution bolsters industrial security, strengthening Cisco's market presence in the cybersecurity domain
Middle East and Africa Operational Technology Market Scope
The Middle East and Africa operational technology market, is segmented on the basis of component, deployment, organization size, connectivity, technology, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Industrial valves
- Transmitters
- Industrial sensors
- 1Actuators
- Software/Platform
- PAM
- MES
- WMS
- Services
Deployment
- On-Premise
- Hybrid
- Cloud
Organization Size
- Small and Medium Size Business
- Large Enterprise
Connectivity
- Wired
- Wireless
Technology
- Supervisory Control and Data Acquisition (SCADA)
- Distributed Control Systems (DCS)
- Process Control Domains (PCD)
- Programmable Logic Controllers (PLC)
- Safety Instrumented Systems (SIS)
- Building Management / Automation Systems (BAS)
End-User
- Automotive and Transportation
- Building and Infrastructure
- Energy and Utilities
- Food and Beverage
- Life Sciences
- Marine and Ports
- Metals and Mining
- Oil and Gas
- Chemicals
- Pulp and Paper
- Pharmaceuticals
- Aerospace and Defense
- Machine Manufacturing
- Others
Middle East and Africa Operational Technology Market Regional Analysis/Insights
The Middle East and Africa operational technology market is analysed and market size insights and trends are provided by component, deployment, organization size, connectivity, technology, and end-user as referenced above.
The countries covered in the Middle East and Africa operational technology market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Saudi Arabia is expected to dominate the Middle East and Africa operational technology market. With plans to boost operational technology by 20% in 2022, the government aims to fuel EV growth and overall technological advancement. The market's growth is driven by the widespread adoption of control and monitoring equipment across industries such as buildings, energy, utilities, and food and beverage.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Operational Technology Market Share Analysis
The Middle East and Africa operational technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Middle East and Africa operational technology market.
Some of the major players operating in the Middle East and Africa operational technology market are:
- Honeywell International Inc. (U.S)
- ABB (Switzerland)
- SCADAfence (Israel)
- General Electric (U.S)
- Rockwell Automation, Inc. (U.S)
- Fortinet, Inc. (U.S)
- IBM Corporation (U.S)
- Advantech Co., Ltd. (Taiwan)
- Emerson Electric Co. (U.S)
- Wipro (India)
- Schneider Electric (France)
- SAP SE (Germany)
- Cisco Systems, Inc. (U.S)
- Accenture (Ireland)
- Yokogawa Electric Corporation (Japan)
- Huawei Technologies Co., Ltd. (China)
- Oracle (U.S)
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