Saudi Arabia Operational Technology Market - Industry Size, Share, Trends, Opportunity and Forecast, 2027 | TechSci Research

Operational technology comprises of solutions and services utilized in various industries to measure, view and control processes. Basically, it involves monitoring and controlling events or processes or devices in an industry and identify the cause of any irregularities or change in working of processes or events or devices. Different technologies used in operational technology include Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control Domains (PCD), and Programmable Logic Controllers (PLC), among others for performing different functions.

Saudi Arabia operational technology market is expected to witness significant growth during the forecast period. This can be ascribed to the growing demand for industrialization across the country along with the growing demand for smart automation solutions. Additionally, the evolution of industrial internet of things (IIoT) is further expected to support the market growth through 2027. Besides, the sudden outbreak and spread of pandemic COVID-19 with restrictions and imposition of country wide lockdown made the organizations and industries to shift towards work from home culture and social distancing. This in turn has increased the demand for operational technologies to ensure the smooth functioning of industries and organizations with lesser redundancy.

The Saudi Arabia operational technology market is segmented by component, security type, deployment mode, region and company. Based on deployment mode, the market can be split into on-premises and cloud. The cloud segment is expected to dominate the market during forecast period. This can be ascribed to the safe data storage and reduced operational costs.

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The major companies operating in Saudi Arabia operational technology market includes 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., among others. Major companies operating in the market are following strategies such as mergers & acquisitions, new products & services launches, among others in order to stay competitive in the market and having an edge over the competitors.

Objective of the Study:

  • To analyze the historical growth of the market size of Saudi Arabia operational technology market from 2017 to 2020.
  • To estimate and forecast the market size of Saudi Arabia operational technology market from 2021 to 2027 and growth rate until 2027. 
  • 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 product launches, 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.


TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the country.

TechSci Research calculated the market size of Saudi Arabia operational technology market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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Key Target Audience:

  • Operational Technology service providers, end users, and other stakeholders
  • Distributers 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.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Component

·         Security Type

·         Deployment Mode

Regional scope

Western Region, Northern and Central Region, Eastern Region, Southern Region

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

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:

o   Solutions

o   Firewall

o   Antivirus/Antimalware

o   Risk & Compliance

o   Management

o   Identity & Access Management

o   Firewall

o   Intrusion Detection/Prevention System

o   DDOS Prevention

o   Encryption & Decryption

o   Data Loss Prevention

o   Others

o   Services

o   Managed Services

o   Professional Services

  • Saudi Arabia Operational Technology Market, By Security Type:
    • Endpoint Security
    • Network Security
    • Cloud Security
    • Application Security
    • Others
  • Saudi Arabia Operational Technology Market, By Deployment Mode:
    • On-Premises
    • Cloud
  • Saudi Arabia Operational Technology Market, By Region:
    • Northern & Central
    • Southern
    • Eastern
    • Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia operational technology market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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