Operational Technology Security Market Share

Market Share of Operational Technology Security Industry

The Operational Technology (OT) Security market is fragmented, with numerous players intensifying the competition. Leading security providers perpetually enhance their technologies, aiming to outpace competitors and uphold consumer efficiency, integrity, and safety. By emphasizing partnerships, product enhancements, and collaborations, these players strive to secure a dominant position and a substantial market share. Some of the key players include Fortinet, Inc., Nozomi Networks, Rockwell Automation, Inc., Darktrace Holdings Limited, and Broadcom.

• August 2024 - Fortinet unveiled enhancements to its already comprehensive OT security platform. These updates bolster customers' secure networking and security operations (SecOps) capabilities. Furthermore, the updates deepen Fortinet's strategic alliances with top OT vendors. This move underscores Fortinet's commitment to safeguarding the expanding cyber-physical systems (CPS) market and its dedication to protecting vital infrastructures across diverse sectors, including energy, defense, water supply, manufacturing, food, transportation, and beyond.
• March 2024: Mitsubishi Electric Corporation agreed with Nozomi Networks Inc. to collaboratively advance OT security initiatives, encompassing both marketing and technical development. Mitsubishi Electric took an equity stake in Nozomi Networks as a partnership component. The collaboration will merge Mitsubishi Electric's factory automation (FA) equipment and OT security solutions with Nozomi Networks' advanced OT network visualization and intrusion-detection technologies. This integration sought to forge enhanced OT security solutions, ensuring robust security and uninterrupted system operations.

Operational Technology Security Market Leaders

1. Fortinet, Inc.

2. Nozomi Networks

3. Rockwell Automation, Inc.

4. Darktrace Holdings Limited

5. Broadcom

*Disclaimer: Major Players sorted in no particular order