Asia-Pacific Operational Technology Market to Reach a Value of USD 7,767.80 million

 Asia-Pacific operational technology market is expected to gain potential growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.9% in the forecast period and is expected to reach USD 7,767.80 million by 2028. Rising demand for merging Operational Technology (OT) and Information Technology (IT) systems is a major factor for the growth of the market.    

Operational technology systems are hardware and software that detect the cause of change through direct monitoring using a physical device. Operational Technology (OT) uses various technologies such as Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Process Control Domains (PCD), and Programmable Logic Controllers (PLC) to perform its applications. It is popularly used in industrial control systems, which can be deployed anywhere including power stations paper industries, and others. In recent times, merging or convergence of operational technology with Information Technology (IT) systems has led to development of Industrial Internet of Things (IIOT).

Some of the factors, which are driving the market are growing demand for smart automated solutions and merging operational technology & information technology systems. However, security risk in operational technology systems over data platform can be a restraining factor. Rising demand in food and pulp & paper industries for operational technology can be a growth opportunity for the market. Upgrading of operational technology systems with zero production loss can be a major challenge for the market growth in these regions.

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