Operational Technology Security Market Forecasts Growth from $27.39B (2026) to $58.94B by 2031, Profiling Cisco, Palo Alto Networks, Fortinet, Siemens, Honeywell & 35 Other Key Players

What happened: ResearchAndMarkets.com added a 455-page report forecasting the global operational technology security market will grow from $27.39 billion in 2026 to $58.94 billion by 2031. Why it matters: The report attributes growth to rising attack frequency, regulatory mandates, IT-OT convergence and demand for real-time visibility, with ransomware targeting production downtime driving investment in segmentation and secure access. It cites high costs, interoperability issues and a skills shortage as restraints.

ResearchAndMarkets.com added a 455-page report forecasting the global operational technology security market will grow from $27.39 billion in 2026 to $58.94 billion by 2031.

The report attributes growth to rising attack frequency, regulatory mandates, IT-OT convergence and demand for real-time visibility, with ransomware targeting production downtime driving investment in segmentation and secure access. It cites high costs, interoperability issues and a skills shortage as restraints.