Operational Technology (OT) Security Market Share

Market Share of Operational Technology (OT) Security Industry

The operational technology (OT) market is fragmented, featuring a mix of small, medium, and large enterprises. As OT solutions gain traction, they are drawing in new players, intensifying competition among vendors. In response to this heightened competition, vendors are employing diverse strategies, such as developing new products, expanding their reach, and pursuing mergers and acquisitions. Notable players in the market include IBM Corporation, Honeywell International Inc., Cisco, and Rockwell Automation.

• August 2024: Fortinet, a global leader in cybersecurity, is at the forefront of merging networking with security. The company recently unveiled updates to its OT security platform. These enhancements bolster secure networking and security operations (SecOps) for customers and deepen Fortinet's collaborations with top OT vendors.
• April 2024: Critical Start, a leading provider of Managed Detection and Response (MDR) cybersecurity solutions and Managed Cyber Risk Reduction (MCRR), announced the imminent launch of its Critical Start Managed Detection and Response (MDR) services tailored for Operational Technology. The Critical Start MDR for OT offers a robust and adaptable service, merging specialized OT threat detection with the capability to utilize a client's current infrastructure and tools. By ingesting security-relevant logs, the service aims to tackle the distinct challenges encountered by industrial organizations.

Operational Technology (OT) Security Market Leaders

1. IBM Corporation

2. Cisco Systems Inc.

3. Honeywell International Inc.

4. Fortinet Inc.

5. Rockwell Automation

*Disclaimer: Major Players sorted in no particular order