How Big Is the Operational Technology (OT) Security Market?

Sheetal2321 Aug, 2024Technology

The OT cybersecurity market will more than double in less than five years. According to a July 2022 report from MarketsandMarkets, the operational technology security market is estimated at $15.5B and will maintain a compound annual growth rate of 15.8% from 2022 to 2027 to reach $32.4B. Notably, that growth puts the OT security market in contention to outpace the projected 13.4% CAGR for the broader cybersecurity market from 2022 to 2029.