Middle East and Africa Operational Technology Market is expected to grow with a CAGR of 6.2% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.
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Middle East and Africa operational technology market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to a favorable market scenario.
The major players in the Middle East And Africa operational technology market are introducing a wide range of products and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped the companies to maximize sales with an enhanced product portfolio.
For instance:
- In February 2020, Schneider Electric launched a new upgraded EcoStruxure Power SCADA Operation Software. A key feature of this newly updated product is real-time vision and control for a timely response. This was being upgraded because of the growth of cybersecurity issues and graphics customization issues. This software also offers safety, reliability, and compliance, which helped the company to expand its share and market.
Schneider Electric is dominating the Middle East and Africa operational technology market. Some of the major players operating in the Middle East And Africa operational technology market are SAP SE, Fortinet, Inc., IBM Corporation, ABB, Huawei Technologies Co., Ltd., Honeywell International Inc., Emerson Electric Co., Rockwell Automation, Inc., GENERAL ELECTRIC, Cisco Systems, Inc., Wipro Limited, Accenture, Oracle Corporation, Yokogawa Electric Corporation, Advantech Co., Ltd., SCADAfence among others.
Schneider Electric
Schneider Electric is founded in 1836 and is headquartered in Paris, France. The company is engaged in manufacturing operational technology products for consumers. Their business segments are energy management and industrial automation, and industrial automation is market-focused. Their solution categories are residential and small business, building automation and control, low voltage products and systems, medium voltage distribution and grid automation, industrial automation and control, critical power, cooling and racks, solar and energy storage, access to energy industrial automation and control is the focused category. Their subsidiaries are Ekso Bionics, Inc. (Delaware), Ekso Bionics GmbH (Germany), Ekso Bionics (Asia) Pte. Ltd (Singapore), among others, among others.
For instance,
- In February 2020, Schneider Electric launched a new upgraded EcoStruxure Power SCADA Operation Software. A key feature of this newly updated product is real-time vision and control for a timely response. This was being upgraded because of the growth of cybersecurity issues and graphics customization issues. This software also offers safety, reliability, and compliance, which can help the company to expand its share and market.
The company has presence in Asia-Pacific, Europe, Americas, and Middle East and Africa.
SAP SE
SAP SE was founded in 1972 and is headquartered in Weinheim, Germany. The company designs cloud-based software, operational technology solutions, and other consumer services. Their business segment and product categories include application technology and support, con cut, qualities and services, and application technology and support, the market focus categories. Their product categories are ERP and Finance, CRM and customer experience, network and spend management, supply chain management, HR and people engagement, business technology platform, and ERP and finance is the focused category. Their subsidiaries are sap Kazakhstan LLP (Kazakhstan), Ukraine Limited Liability Company (Ukraine) Properties Proprietary Limited (South Africa), Apex Expert Solutions LLC, (U.S.), among others.
For instance,
- In April 2021, SAP SE and Onapsis entered a partnership to tackle cybersecurity-related issues. In recent times the cybersecurity issues have significantly increased to tackle this, and both companies have joined together to reduce the impact by offering unique solutions. Cyber threats have been causing issues in various industries and buildings. This partnership can help both companies to expand their market by offering unique solutions against cybersecurity threats.
The company has a presence in Asia-Pacific, Europe, South America, the Middle East and Africa, and North America.
Fortinet, Inc
Fortinet, Inc. was founded in 2000 and headquartered in California, U.S. The company designs and provides consumer industrial automation, information software, and operational technology (OT) solutions. Their solution categories are enterprise and mid-size business solutions, small businesses, service providers, and industry, and industry is the focused category. Their subsidiaries are Fortinet Austria GmbH (Austria), Fortinet Belgium BV (Belgium), and Fortinet Network Security Brazil Limited (Brazil) among others.
For instance,
- In August 2020, Fortinet, Inc., and IBM entered a partnership to improvise Cybersecurity Skills. This partnership's key feature was providing training on cybersecurity that develops skills. This is important as, in recent times, cyber security risk has increased significantly even in industries, as merging operational technology with internet technology has significantly increased cyber threats. This training will allow the engineers to tackle these threats. This partnership was expected to help resolve an untrained skilled workforce problem and help for better customer satisfaction.
The company has a presence in North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
