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Operational Technology Security Market Forecasts Growth from $27.39B (2026) to $58.94B by 2031, Profiling Cisco, Palo Alto Networks, Fortinet, Siemens, Honeywell & 35 Other Key Players

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CSCO Cisco is listed as one of the key players profiled in the operational technology (OT) security market report, indicating its presence in this growing sector. PANW Palo Alto Networks is identified as a key player in the operational technology (OT) security market, suggesting its involvement in providing solutions for this sector. FTNT Fortinet is mentioned as one of the key companies profiled in the operational technology (OT) security market report, highlighting its role in the industry. HON Honeywell is named as one of the key companies profiled in the operational technology (OT) security market report, showing its presence in the sector.

Operational Technology Security Market Forecasts Growth from $27.39B (2026) to $58.94B by 2031, Profiling Cisco, Palo Alto Networks, Fortinet, Siemens, Honeywell & 35 Other Key Players Dublin, Oct. 07, 2026 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com has added "Operational Technology Security Market by Solution, Service, Deployment Mode - Global Forecast to 2031", a 455-page report released in May 2026 to its offering.

The report forecasts that the global operational technology (OT) security market will grow from $27.39 billion in 2026 to $58.94 billion by 2031.

Key Facts

Market Drivers

Industrial control systems face growing exposure to cyber threats as manufacturers, utilities, and critical infrastructure operators speed up digital transformation. Connected OT assets, remote engineering access, and industrial IoT deployments are widening vulnerabilities in legacy SCADA and ICS environments, which were not designed with built-in cybersecurity controls.

The report identifies four main drivers:

Ransomware attacks aimed at causing production downtime are pushing organisations to invest in industrial visibility, anomaly detection, network segmentation, and secure access.

Challenges and Opportunities

The report names several restraints and challenges:

Opportunities include AI and machine learning for anomaly detection, cloud-based OT security platforms, managed OT security services, and zero trust architectures for OT environments.

Segment Analysis

IAM is expected to post the highest growth among solutions. Industrial organisations are adopting it to secure operator credentials, privileged accounts, third-party vendor access, and remote maintenance across ICS and SCADA networks.

On-premises deployment leads in 2026, driven by needs for direct control, low-latency monitoring, and data sovereignty in energy, manufacturing, utilities, and oil and gas. SMEs are expected to grow faster than large enterprises as smaller industrial firms adopt connected production systems with limited in-house cybersecurity expertise.

Among services, consulting & integration holds the largest share, while incident response is expected to grow fastest.

Competitive Landscape

The report profiles 40 companies, including:

Case studies include BW Offshore's deployment of the Claroty platform, Koch Industries' use of Dragos, and Nozomi Networks' work securing Enel Group's global energy operations.

Report Scope

The report segments the market as follows:

It also covers the impact of 2025 US tariffs, patent analysis, pricing analysis, and company evaluation matrices

Companies Featured

For more information about this report visit https://www.researchandmarkets.com/r/yl4wjr

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