Bharat Book Bureau Provides the Trending Market Research Report on “Saudi Arabia Operational Technology Market, Competition Forecast & Opportunities, 2027” under Services Market Research Reports category. The Operational Technology Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia operational technology Market is anticipated to register robust growth during the forecast period. The factors attributing to the growth are growing industrialization activities and rising demand for smart automation solutions. The rise in adoption of the Internet of Things (IoT), safety instrumented services, and technical advancements in hardware and software are expected to propel the growth of Saudi Arabia operational technology market. Operational technologies are widely used in industrial control systems to ensure the smooth functioning of industries and organizations and eliminate redundancy, which is expected to drive the Saudi Arabia operational technology market.
The COVID-19 pandemic positively influenced the Saudi Arabia operational technology market as the restrictions and imposition of country-wide lockdown made organizations shift towards operational technologies. The increasing cybersecurity attacks on operational technology led to the establishment of the “Operational Technology Cyber Security Alliance (OCTSA)”, which is anticipated to provide more opportunities for the operational technology market growth in Saudi Arabia. However, disruptions in supply chains and a lack of efficient government initiatives could restrain the growth of Saudi Arabia operational technology market.
The Saudi Arabia operational technology market is segmented by component, security type, deployment mode, region, and company. On the basis of deployment mode the market can be divided into on-premises and cloud. The cloud segment is expected to dominate the Saudi Arabia operational technology market due to the growing need for safe data storage and greater scalability of the cloud. Besides, emerging technologies like artificial intelligence, big data, machine learning, etc., are further boosting cloud adoption in the country, contributing to the growth of Saudi Arabia operational technology market.
Palo Alto Networks, Inc, Cisco Systems, Inc, IBM Corporation, Fortinet, Inc, Checkpoint Software Technologies Ltd., McAfee Corporation, Technologies, FireEye Inc, Accenture, Inc., Trend Micro, Inc., CyberArk Software, Inc., Imperva, Inc., Proofpoint Inc., CrowdStrike, Inc., Sophos Group, plc are the major companies operating in Saudi Arabia operational technology market. Companies are focusing on the strategies such as expansions, and collaborations to stay ahead in the Saudi Arabia operational technology market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
•To analyze the historical growth in the market size of Saudi Arabia operational technology market from 2017 to 2021.
•To estimate and forecast the market size of Saudi Arabia operational technology market from 2022E to 2027F and growth rate until 2027F.
•To classify and forecast Saudi Arabia operational technology market based on component, security type, deployment mode, competitional landscape, and regional distribution.
•To identify dominant region or segment in the Saudi Arabia operational technology market.
•To identify drivers and challenges for Saudi Arabia operational technology market.
•To examine competitive developments such as expansions, new solutions and services, mergers & acquisitions, etc., in Saudi Arabia operational technology market.
•To identify and analyze the profile of leading players operating in Saudi Arabia operational technology market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia operational technology market.
Key Target Audience:
•Operational Technology service providers, end users, and other stakeholders
•Distributors and suppliers of the products and other stakeholders
•Organizations, forums, and alliances related to operational technology
•Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia operational technology market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Operational Technology Market, By Component:
Risk & Compliance Management
Identity & Access Management
Intrusion Detection/Prevention System
Encryption & Decryption
Data Loss Prevention
•Saudi Arabia Operational Technology Market, By Security Type:
•Saudi Arabia Operational Technology Market, By Deployment Mode:
•Saudi Arabia Operational Technology Market, By Region:
Northern & Central
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