Operational Technology Security Market Worth $44.9 billion by 2029, Growing at a CAGR of 16.8%

Sheetal2317 Jul, 2024Technology

The global Operational Technology Security Market, the estimated value stands at USD 20.7 billion in 2024, with projections indicating it could soar to USD 44.9 billion by 2029, experiencing a compound annual growth rate (CAGR) of 16.8% during the forecast period, according to a new report by MarketsandMarkets?. The surge in identity theft cases and the growing threat of fraudsters infiltrating business networks, applications, or services, alongside stringent government regulations and privacy mandates, are key drivers propelling market expansion. Additionally, the widespread adoption of digital technologies is anticipated to further boost the demand for OT solutions.

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