According to TechSci Research report “India Operational Technology Security Market - By Region, Competition, Forecast & Opportunities, 2019-2029F”, the India operational technology security market is expected to register robust growth during the forecast period, 2025-2029.
India’s operational technology (OT) security market is witnessing significant growth, driven by an escalating focus on safeguarding industrial systems and networks against cyber-attacks. As critical infrastructures, such as power stations, become increasingly vulnerable, the need for robust security measures is more urgent than ever. This demand for OT security is projected to rise dramatically, particularly as these technologies, often underdeveloped, begin to converge with networked technologies.
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Businesses are increasingly seeking more reliable and effective services in operational technology security. Key government initiatives, such as Cyber Surakshit Bharat and the Digital India initiative, along with the advancement of cloud computing through programs like Meghraj in government organizations, are further amplifying the demand for enhanced OT security solutions across the nation.
Additionally, the growing need for these security solutions is influenced by the reduction in capital expenses and the accelerated deployment of security measures to mitigate the risks associated with cyber-attacks. This trend is anticipated to significantly drive market expansion throughout the forecast period.
The rise of the Industrial Internet of Things (IIoT), smart sensors, mobility solutions, and connected devices on factory floors has made these environments more susceptible to sophisticated cyber threats. As industries increasingly adopt digital technologies, there is a heightened demand from enterprises for improved security solutions to ensure business continuity and protect against potential disruptions.
In summary, the operational technology security market in India is evolving rapidly, driven by technological advancements, government initiatives, and the increasing integration of digital solutions in industrial systems. As these factors converge, they create a dynamic landscape for OT security, poised for substantial growth in the coming years.
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Based on components, the market is segmented into solutions and service. The solution segment is further categorized into OT endpoint security, OT network segmentation, anomaly detection, incident response and reporting, and others. the service segment is further categorized into professional and managed. Based on deployment, the market is segmented into public, private and hybrid. Based on enterprise size, the market is divided into small & medium enterprise and large-sized enterprise. Based on end-user, the market is segmented into BFSI, power & energy, manufacturing, transportation & logistics, mining, oil & gas, and others.
Based on deployment type, the public deployment segment is expected to maintain its dominance during the forecast period, followed by hybrid cloud deployment. The public deployment models are cost-effective and require less expenditure during operations and hence, vendors are focusing on deploying cloud based private deployment.
Based on enterprise size, large enterprises are likely to maintain maximum market share as most of them are early adopters of advent technologies. Other significant aspects supporting the segment's growth are the decrease in capital and operating expenses as well as huge customer base. Additionally, the adoption is expected to be supported by the growing trend of critical infrastructure enhancement such as data centers and complex IT infrastructures. Due to flexible and affordable solution options, small and medium-sized businesses are expected to see substantial development. To grow their company operations, several small and medium-sized enterprises have begun to use cloud-based installations. Small and medium-sized enterprise ambitious objective to enhance efficiency, productivity, reporting capabilities, and customer service management in the upcoming years are further aiding in the deployment of operational technology security.
Based on end users, the BFSI segment is expected to register the fastest growth during the forecast period, followed by the power industry segment. Banks and other financial organizations are being pushed by digitalization to streamline their processes and provide amenities that are comfortable for their clients. To automate and secure the infrastructure, banks, and other organizations are turning more and more towards cloud based operational technology solutions for enhancing the security from cyber threats. The banking and finance sector are increasingly adopting operational technology security because of their potential to improve customer service. Additionally, the need is being driven by IT-enabled services, which rely on the teleworking or remote service paradigm. To automate the operations, the power industry is increasingly implementing cloud-native operational technology security solutions to enhance critical infrastructure
Key market players in the India Operational Technology Security Market include:
- Rockwell Automation India Pvt. Ltd
- IBM Corporation
- Oracle Corporation
- Schneider Electric India Pvt Ltd.
- ABB India Ltd.
- Emerson Electric Company (India) Private Limited
- Honeywell International India Private Limited.
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““South, being the larger IT hub region, holds the largest market share of operational technology security, benefiting from the presence of several IT companies and early adoption of advanced technology. The emphasis on automation across industries and adoption of industry 4.0 solutions is expected to increase the demand for operational technology security, across India. Additionally, India is emerging as one of the major manufacturing hub across the Asia Pacific region, thereby many enterprises in the country are increasingly adopting industrial automation solutions such as operational technology, SCADA systems that are further propelling the market growth. The favorable initiatives by the Indian government to encourage the adoption of cloud-based systems, cyber security measures, and automation of business processes, are propelling the market demand. Moreover, cities like Hyderabad, Chennai, Bangalore, are receiving huge investments in data centers, cloud infrastructure, and various technologies, which has created the surge in the demand, and further proliferating the growth of Operational Technology Security in India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
India Operational Technology Security Market – Segmented By Component (Solutions (OT Endpoint Security, OT Network Segmentation, Anomaly Detection, Incident Response and Reporting, Others) and Service (Professional, Managed)), By Deployment (Public, Private and Hybrid), By Enterprise Size (Small & Medium Enterprise and Large-Sized Enterprise), By End-User (BFSI, Power & Energy, Manufacturing, Transportation & Logistics, Mining, Oil & Gas, Others), By Region, Competition Forecast & Opportunities, 2029F has evaluated the future growth potential of India Operational Technology Security Market and provides statistics & information on market size, structure, and future market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, challenges, and opportunities in the India Operational Technology Security market.
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