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Growing Demand for Automation To Drive Operational Technology Market

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Published on : Aug 08, 2017

Albany, New York, August 08, 2017: The global operational technology market is boosted by the soaring demand for IoT. The rapid industrialization in emerging nations will also help the operational technology market to thrive. According to the report, growing demand for automation will ensure a burgeoning growth of the global operational technology market. The increasing communication between machines is driving the demand for operational technology. The growing necessity of monitoring of machines and demand for smart automated solutions are some of the other factors fueling the operational technology market. The evolution of IoT is anticipated to continue to drive the market’s growth. 

The report not only describes in detail the various factors boosting the growth of the market, but also in an unbiased manner, reveals the challenges which need to be tackled by players in the market. The key segments and sub-segments of the operational technology market have been discussed in detail. The report segments the global operational technology market on the basis of geography, type, and application. On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, North America is leading in the market. Players in the North American region are concentrating on modernizing their facilities and plants by making use of latest technologies and this will boost the operational technology market. Asia Pacific is estimated to be the most promising market for operational technology in the future. 

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On the basis of application the global operational technology market is segmented into wired technology and wireless technology. It is expected that the wireless technology will emerge as the leading segment in the forecast period. Today, wireless technology is becoming increasingly popular and this is the main reason behind the growth of this segment during the forecast period. On the basis of application, the global operational technology market is segmented into process industry and non-process industry. 

The report profiles key companies within the operational technology market for the purpose of study. The strategies adopted by key players in the market have been discussed in this report, thus allowing new investors and entrants to gain an insight into the business strategy or planning made by top notch players. The report also gives details such as business overview and financial overview of companies. The recent developments by these players and the various challenges faced by them are discussed. Expansion strategies adopted by leading players, including collaborations, strategic partnerships, and mergers and acquisitions are studied. The names of the leading players operating within operational technology market are:  Cisco Systems, Hewlett-Packard Enterprise, SAP SE, Oracle, Huawei Technologies, IBM Limited, NEC Corporation, Cognizant, Wipro, and Accenture. 

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