Middle East and Africa Operational Technology Market Size is projected to reach USD 4,446.50 million by 2028, growing at a CAGR of 6.2% Straits Research

 The Middle East and Africa operational technology market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.2 % in the forecast period and is expected to reach USD 4,446.50 million by 2028. Rapid industrialization in emerging economies and increasing popularity of controlling and monitoring equipment are major factors boosting 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 rapid industrialization in emerging economies and increasing popularity of controlling and monitoring equipment. However, security risk in OT systems over data platform can be a restraining factor. The Middle East and Africa operational technology market growth is also increasing due to rising demand from the oil & gas industry for operational technology. Upgrading OT systems with zero production loss can be a major challenge for the market growth in the region.


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