Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

E-Fluids Market Size & Share to Surpass $5.2 Billion by 2030 | Vantage Market Research

Published

on

<!– Name:DistributionId Value:8823637 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1235589 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:336bac0d-a0c9-46c5-b4d3-03c2b51c3c61 –>

WASHINGTON, April 24, 2023 (GLOBE NEWSWIRE) — The Global E-Fluids Market is valued at USD 0.7 Billion in 2022 and is projected to reach a value of USD 5.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 32.1% over the forecast period 2023-2030.

Market Overview

The increasing adoption of e-cigarettes drives the global E-Fluids Market as a smoking cessation tool, the growing demand for flavored e-liquids, and the favorable regulatory environment in some countries.

We forecast that the transmission fluid in E-Fluids Market sales will account for more than 48% of total sales by 2030. With the expansion in population, the popularity of flavored carbonated drinks, and the surge in product launches by beverage makers, the beverages market is one of the fastest expanding markets in the world.

Get Access to Free Sample Research Report with Latest Industry Insights @ https://www.vantagemarketresearch.com/efluids-market-2085/request-sample

Market Dynamics

Increasing the Adoption of E-cigarettes as a Smoking Cessation Tool will Increase Support Market Expansion
E-cigarettes are increasingly being used as an alternative to traditional tobacco smoking, with many smokers using them as a tool to quit smoking. E-Fluids are a critical component of e-cigarettes, and the growing adoption of e-cigarettes is driving demand for E-Fluids. This trend is fueled by increasing awareness of the health risks associated with smoking and the convenience and affordability of e-cigarettes compared to traditional tobacco products.

Growing Demand for Flavored E-liquids in the E-Fluids Industry Drives the Market Growth
Flavored e-liquids are becoming increasingly popular among consumers, with various flavors available, including fruit, candy, dessert, and menthol. The availability of a wide range of flavors drives demand e-liquids and is helping to attract new consumers to the market. This trend is being driven by the desire for a more enjoyable and satisfying vaping experience and the availability of different flavors to suit individual preferences. As a result, many e-fluid manufacturers are investing in research and development to create new and innovative flavors to meet consumer demand.

Top Players in the Global E-Fluids Market

  • Black Note Inc. (United States)
  • Breazy (United States)
  • BSMW Ltd. (United Kingdom)
  • Crystal Canyon Vapes LLC (United States)
  • eLiquid Factory (United Kingdom)
  • Mig Vapor LLC (United States)
  • Molecule Labs Inc. (United States)
  • Nicopure Labs LLC (United States)
  • Philip Morris International Inc. (United States)
  • Turning Point Brands Inc. (United States)
  • VMR Products LLC (Miami, United States)

Budget Limitation? Contact us for Special Discount and Pricing

Top Trends in the Global E-Fluids Market

  • One trend that Vantage Market Research (VMR) expects to see in the E-Fluids industry is the growing demand for nicotine salts. Nicotine salts are a more stable and less harsh form than traditional freebase nicotine used in E-Fluids. This trend is driven by the desire for a smoother, more satisfying vaping experience. Nicotine salts can also deliver higher levels of nicotine without the harsh throat hit associated with high-strength freebase e-liquids, making them attractive to smokers trying to quit. As a result, many e-fluid manufacturers are now offering nicotine salt e-liquids as part of their product lines.
  • Another trend that VMR predicts will continue in the E-Fluids industry is its increasing popularity of natural and organic e-liquids. As consumers become more health-conscious and environmentally aware, a growing demand for e-liquids made from natural and organic ingredients is growing. Many e-fluid manufacturers now offer e-liquids free from artificial flavors, colors, and sweeteners made from organic and natural ingredients. This trend is driven by concerns about the health effects of synthetic chemicals in e-liquids and a desire for more sustainable and eco-friendly products. As a result, e-fluid manufacturers are investing in research and development to create natural and organic e-liquids that meet consumer demand.

Top Report Findings

  • Based on the Product Type, the Brake Fluid category controls most of the E-Fluids Market’s revenue. As the automotive industry continues to grow and evolve, the demand for brake fluid will also increase. Additionally, advancements in brake fluid technology, such as developing high-performance brake fluids that can withstand higher temperatures and provide better braking performance, could further drive demand for brake fluid in the market.
  • Based on Vehicle Type, most of the E-Fluids Market’s revenue is controlled by the on-highway vehicle category. As the automotive industry continues to grow and evolve, the demand for on-highway vehicle E-Fluids will also likely increase. Additionally, advancements in e-fluid technology, such as developing high-performance and environmentally friendly E-Fluids, could further drive demand for E-Fluids in the market.
  • Based on Propulsion, most of the E-Fluids Market’s revenue is controlled by the Battery EV category. As governments and consumers around the world become more focused on reducing carbon emissions and improving air quality, the demand for electric vehicles is expected to grow rapidly in the coming years. This increased adoption of electric vehicles will likely drive demand for Battery EV E-Fluids.
  • Based on Fill Type, most of the E-Fluids Market’s revenue is controlled by first filling the category. Over the projection period, this segment is anticipated to outperform other categories regarding revenue share. This is due to the increasing focus on sustainability and reducing carbon emissions is expected to drive demand for First Fill E-Fluids that are more environmentally friendly, biodegradable, and made from renewable sources.

Buy this Premium Research Report with Discount | Immediate Delivery @ https://www.vantagemarketresearch.com/buy-now/efluids-market-2085/0

Recent Developments in the Global E-Fluids Market

  • In 2020, Shell worked with commercial vehicle makers to create fluids specifically suited to each model’s distinct electric drivetrain in October 2020. To support battery electric (BEV) and fuel cell electric (FCEV) powertrains for commercial light, medium, and heavy cargo trucks, Shell has extended its portfolio of specialized fluids known as Shell E-Fluids.
  • In 2019, When Japan Tobacco Inc. introduced two new flavors of tobacco capsules for Ploom Tech, it marked a significant advancement in the e-liquid industry.

Transmission Fluid Category of the Product Type Segment of the Global E-Fluids Market Anticipated to Generate Nearly half the Total Segment Revenue

Based on the Product Type, the E-Fluids Market is divided into Brake Fluid, Coolants, Greases and Transmission Fluids.

The Fluid Transmission market was the largest by application, and it is anticipated to hold the top spot during the projected period. This is because the advancements in e-fluid technology, such as the development of synthetic transmission fluids and fluids that are more resistant to wear and tear, are expected to drive demand for transmission fluids in the market.

On the other hand, the Brake Fluid is anticipated to grow significantly. As the demand for high-quality and high-performance brake fluids continues to increase, the market for these fluids is also expected to grow. This is particularly true in the automotive industry, where the demand for more efficient and environmentally friendly brake fluids is increasing.

Europe Region in E-Fluids Market to Generate More 42.60% Revenue.
Europe has a large population of smokers; many are turning to e-cigarettes to quit smoking or reduce their tobacco consumption. This is driving demand for E-Fluids in the region, and many e-cigarette companies are investing in Europe to capitalize on this trend. In addition, European consumers tend to have a higher disposable income than other regions, which could also contribute to the growth of the E-Fluids market in the region.

The Asia Pacific region is expected to see the fastest growth in the E-Fluids Market due to factors such as the increasing adoption of e-cigarettes in the region, a growing middle class with higher disposable incomes, and favorable government initiatives promoting the use of e-cigarettes as an alternative to traditional smoking.

Browse market data Tables and Figures spread through 143 Pages and in-depth TOC on E-Fluids Market Forecast Report (2023-2030).

Global E-Fluids Market Segmentation

By Product Type

  • Brake Fluid
  • Coolants
  • Greases
  • Transmission Fluids

By Vehicle Type

  • Off-highway Vehicle
  • On-highway Vehicle

By Propulsion

  • Battery EV
  • Hybrid EV

By Fill type

  • First Fill
  • Service Fill

By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Read Full Report with TOC @ https://www.vantagemarketresearch.com/industry-report/efluids-market-2085

Scope of the Report:    

Report Attributes Details
Market Size in 2022 USD 0.7 Billion
Revenue Forecast by 2030 USD 5.2 Billion
CAGR 32.1% from 2023 to 2030
Base Year 2022
Forecast Year 2023 to 2030
Key Players Black Note Inc., Breazy, BSMW Ltd., Crystal Canyon Vapes LLC, eLiquid Factory, Mig Vapor LLC, Molecule Labs Inc., Nicopure Labs LLC, Philip Morris International Inc., Turning Point Brands Inc., VMR Products LLC
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options https://www.vantagemarketresearch.com/efluids-market-2085/request-sample

Key Questions Answered in the E-Fluids Market Report are:

  • What is the size and growth rate of the e-fluids market?
  • What are the key drivers and restraints impacting the e-fluids market?
  • What are the different types of e-fluids available in the market?
  • What are the applications of e-fluids in various industries?
  • What are the major trends and developments in the e-fluids market?
  • Who are the key players in the e-fluids market and what are their market shares?
  • What are the key strategies adopted by the players to gain a competitive edge in the market?
  • What are the challenges faced by the e-fluids market and how can they be addressed?
  • What is the regulatory landscape of the e-fluids market?
  • What are the future prospects and opportunities in the e-fluids market?

Browse More Reports from Vantage Library:

About Vantage Market Research:        

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.

Follow Us on: LinkedIn | Twitter | Facebook | YouTube

Contact us

Eric Kunz

6218 Georgia Avenue NW Ste 1 – 564

Washington DC 20011-5125

United States Tel: +1 202 380 9727

Email: [email protected]

Website:

https://www.vantagemarketresearch.com/

Latest Vantage Market Research Press Releases

Latest Vantage Market Research Blog

Vantage Market Research All Reports

Blog:

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Heimdal Welcomes Jesper Frederiksen as its new Chief Executive Officer

Published

on

heimdal-welcomes-jesper-frederiksen-as-its-new-chief-executive-officer

Frederiksen joins Heimdal to accelerate its rapid revenue growth and enhance the delivery of its unified cybersecurity platform
COPENHAGEN, Denmark, May 8, 2024 /PRNewswire/ — Heimdal®, a global leader in cybersecurity solutions, is excited to announce the appointment of Jesper Frederiksen as its new Chief Executive Officer.

Bringing a wealth of experience from the SaaS and cloud security sectors, Frederiksen is renowned for his expertise in scaling IT technology organizations and enhancing their global presence through innovative Go-to-Market strategies.
His leadership is characterized by a relentless focus on partner and customer centricity alongside technological excellence.
Frederiksen joins Heimdal with over 25 years of experience in spearheading IT technology organizations toward exponential growth. Prior to his new role, he successfully led the EMEA operations at Lacework as General Manager, served as EMEA VP and General Manager at DocuSign and Okta, and holds ongoing roles as a non-executive board member for Keepit, Siteimprove, Signaturit and LearnUpon.
Under Frederiksen’s leadership, Heimdal aims to build on the significant growth and global expansion achieved over the past decade.
As CEO, Frederiksen will focus on accelerating the company’s rapid revenue growth, expanding its customer and partner base, and enhancing the delivery of Heimdal’s unified cybersecurity platform.
Heimdal offers partners substantial cost efficiencies through consolidation and automation, while enriching their service offerings with advanced SOC services. Furthermore, it supports end customers in significantly elevating their security postures through the widest attack surface coverage.
Jesper Frederiksen expressed his enthusiasm about his new role, stating:
“As the digital landscape evolves and automation becomes increasingly integral, the need for robust cybersecurity measures has never been greater. I am thrilled to join Heimdal at this pivotal moment. My commitment is to ensure that we meet and exceed the cybersecurity needs of our customers by safeguarding their operational integrity with cutting-edge solutions, and to enable our partners to enrich their offerings and maximize growth potential. All the while, we will continue to make Heimdal a great place to work.”
Morten Kjaersgaard, the founder of Heimdal who has driven the company’s transformative journey over the last decade, will pass the leadership torch to Jesper Frederiksen and assume the role of Chairman.
With this transition, Kjaersgaard will shift his focus to strategic partnerships and brand evangelism. Leveraging his unique understanding of Heimdal’s customers and partners, he will collaborate closely with Frederiksen to elevate the organization to the next level of growth.
“Jesper Frederiksen is the leader Heimdal needs to propel the legacy that has been built so far and to take our unique platform to the next phase of growth.” said Kjaersgaard. “With Jesper at the helm, I am confident that our thought leadership, innovative culture and global growth momentum will continue to strengthen in his capable hands. Meanwhile, I will dedicate my efforts to helping land new business and ensuring that our product strategy and offerings continue to outpace the market.”
With these changes, Heimdal is poised to continue its trajectory of growth and innovation in the cybersecurity industry. The company looks forward to achieving new milestones under Jesper Frederiksen’s leadership while benefitting from Morten Kjaersgaard’s continued support and guidance.
About Heimdal
Heimdal is an industry-leading unified and AI-powered cybersecurity solutions provider established in Copenhagen in 2014. With an integrated approach to cybersecurity, Heimdal has dramatically boosted operational efficiency and security effectiveness for over 15k+ customers globally. Heimdal empowers CISOs, Security Teams, and IT admins to enhance their SecOps, reduce alert fatigue, and be proactive using one seamless XDR security platform.
Our award-winning line-up of 12 fully integrated cybersecurity solutions span the entire IT estate, allowing organizations to be proactive, whether remote or onsite. That’s why Heimdal’s XDR platform and managed services offer solutions for every attack surface, whether at the Endpoint or Network, in Vulnerability Management, Privileged Access, implementing Zero Trust, thwarting Ransomware, preventing Business Email Compromises, and much more.
For further press information
PR Contact Name: Danny MitchellEmail: [email protected] more: www.heimdalsecurity.comFollow us: Blog | LinkedIn | Twitter
Start a free trial today: https://heimdalsecurity.com/request-a-free-trial
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/heimdal-security/r/heimdal-welcomes-jesper-frederiksen-as-its-new-chief-executive-officer,c3976140
The following files are available for download:
https://news.cision.com/heimdal-security/i/1389×800-pr-communicat,c3298088
1389×800 PR Communicat
 

View original content:https://www.prnewswire.co.uk/news-releases/heimdal-welcomes-jesper-frederiksen-as-its-new-chief-executive-officer-302140188.html

Continue Reading

Artificial Intelligence

Secureworks Brings AI-Powered Threat Prevention and Detection To The Network With Taegis NDR

Published

on

secureworks-brings-ai-powered-threat-prevention-and-detection-to-the-network-with-taegis-ndr

New solution empowers organizations to integrate their network with all security controls to mitigate risk
ATLANTA, May 8, 2024 /PRNewswire/ — Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced the release of Secureworks Taegis™ NDR, to stop nefarious threat actors from traversing the network. The dominance of cloud applications and remote working has created an explosion in network traffic, up over 20% from 2023 to 20241. Adversaries are taking advantage of these increased volumes to lurk unseen and slip past defenses. Taegis NDR leverages AI to uncover hidden threats, integrating threat prevention, detection and response to halt malicious activity on the network.

Secureworks data, as measured across the company’s global customer base, shows that Taegis NDR can block 99% of malicious activity identified on the network. With threat actors obfuscating their behavior, legacy network controls such as IDPs and firewalls are no longer able to keep pace or offer sufficient protection against evolving adversarial tactics. Organizations need a multi-layered cybersecurity strategy. Taegis NDR provides a complete picture of all internal traffic moving between endpoints as well as traffic entering and exiting the network at the edge. This visibility is crucial to identifying the presence of threat actors and how they are moving within the network. When integrated with the Taegis XDR platform, NDR correlates telemetry across different threat vectors to detect adversarial behavior that would otherwise be analyzed in silos and potentially missed.  
“Taegis NDR empowers us to proactively mitigate cyber risks to our business,” said Steve Hey, Senior Vice President of Information Technology, Infrastructure, and Operations, National 9/11 Memorial & Museum. “It adds an extra layer of intelligence that fortifies our cyber defenses. When Taegis NDR sends us an alert, I know there’s an issue so I can quickly assign my resources to tackle it and protect our business.”
Managed centrally in the Taegis Platform, Taegis NDR is updated continuously with curated countermeasures based on global real-world threat intelligence to protect customer networks from the latest attack vectors. Its AI engine analyzes network traffic for anomalous application and port usage, identifying potential internal and external threats before they can cause harm, such as data exfiltration or ransomware attacks. Automated response actions fuel faster and more accurate response times. Lastly, customers don’t have the burden of managing endless rules and signatures, saving them time and resources that can be deployed elsewhere.
“Network connected devices represent an opportunity for cyber criminals, as few organizations have the central governance, and strong policies, to ensure 100% up-to-date coverage at the endpoint. Threat actors continue to develop stealthy and evasive techniques to enter networks, that if not detected, inflict serious operational and financial damage on an organization,” said Kyle Falkenhagen, Chief Product Officer, Secureworks. “Companies need a layered cybersecurity defense, but many lack the resources and expertise to execute on this strategy. Taegis NDR solves this challenge, optimally delivering reliable network protection. By integrating into the Taegis platform, we can provide partners and customers with a more streamlined and cost-effective, yet holistic, solution for reducing their cyber risk.”
Generally available today, and fully integrated with the Taegis platform, key features of Taegis NDR include:
The flexibility to inspect all network traffic and choose to block immediately or be alerted to malicious traffic.The ability to continuously analyze network telemetry with deep packet inspection (DPI), without impacting network performance.24/7 protection leveraging global real-world threat intelligence and expertly tuned countermeasures from Secureworks Counter Threat Unit™ (CTU™).Anomalous application and port usage detection powered by AI engine.Full device management, eliminating the burden on in-house teams as it includes all updates, patches, as well as hardware and software refreshes.Detailed change reporting reflecting daily management of countermeasures applied to secure the network helps organizations comply with audit requirements.A daily audit of NDR detections and emergency detection updates for urgent situations.The capability to be deployed both physically and virtually based on customer needs and budget.About Secureworks
Secureworks (NASDAQ: SCWX) is a global cybersecurity leader that secures human progress with Secureworks® Taegis™, a SaaS-based, open XDR platform built on 20+ years of real-world detection data, security operations expertise, and threat intelligence and research. Taegis is embedded in the security operations of thousands of organizations around the world who use its advanced, AI-driven capabilities to detect advanced threats, streamline and collaborate on investigations, and automate the right actions.
Connect with Secureworks via X, LinkedIn and Facebook and Read the Secureworks Blog.
1 https://www.ibisworld.com/us/bed/internet-traffic-volume/88089/
Logo – https://mma.prnewswire.com/media/1558509/Secureworks_V1_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/secureworks-brings-ai-powered-threat-prevention-and-detection-to-the-network-with-taegis-ndr-302139680.html

Continue Reading

Artificial Intelligence

Operational Technology (OT) Security Market worth $44.9 billion by 2029- Exclusive Report by MarketsandMarkets™

Published

on

operational-technology-(ot)-security-market-worth-$44.9-billion-by-2029-exclusive-report-by-marketsandmarkets™

CHICAGO, May 8, 2024 /PRNewswire/ — Operational technology (OT) security is expected to grow in the future due to factors like digitalization driving adoption, convergence with IT security, and a focus on threat detection and response. Anticipate a concentration on adhering to regulations, incorporating IT security operations, and consistently innovating to tackle changing cyber threats and guarantee operational durability in over-the-horizon settings.

The Operational Technology Security Market is expected to grow from USD 20.7 billion in 2024, to USD 44.9 billion by 2029, at a compound annual growth rate (CAGR) of 16.8% during the forecast period, according to a new report by MarketsandMarkets™. The escalating reliance on Operational Technology (OT) in vital infrastructure underscores the urgency for robust security measures. Unlike Information Technology (IT), OT systems oversee real-time physical processes, rendering them vulnerable to disruptions and attacks. This overview primes a thorough examination of OT security, encompassing its definition, significance, and evolving threat landscape. It delves into critical concepts like attack vectors, threat actors, and security controls while tackling challenges such as system heterogeneity and limited security expertise. Moreover, it delineates prevailing and emerging OT security solutions, encompassing frameworks, products, services, and best practices. SIEM for OT, asset discovery and management, network security, vulnerability management, IAM, and data security are vital components tailored to address OT environments’ evolving cyber threats, enhancing overall security posture.
Browse in-depth TOC on “Operational Technology Security Market”509 – Tables 64 – Figures437 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18524133
Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Offering, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Operational Technology Security Market include Fortinet (US), Forcepoint (US), Cisco (US), Tenable (US), Forescout (US), Checkpoint (Israel), Broadcom (US), Trellix (US), Microsoft (US), OKTA (US), Palo Alto Networks (US), Qualys (US), Zscaler (US), BeyondTrust (US), CyberArk (US), Rapid7 (US), Sophos (US), Tripwire (US), Radiflow (Israel), Kaspersky (Russia), SentinelOne (US), Thales (France), Armis (US), Darktrace(US), Nozomi networks (US), Honeywell (US), Schneider Electric (France), Siemens (Germany), ABB (Switzerland), Forcepoint (US)
By offering the services segment to grow with the highest CAGR during the forecast period.
The global OT security market, by service, has been segregated into consulting & integration, support & maintenance, training & development, incident response services, and managed security services. Various industries and business models are at risk of disruption due to rapid technological advancements, which introduce new business models and alter distribution channels and interactions. OT security services are crucial for integrating and managing solutions across business operations, offering comprehensive support to protect critical infrastructure from cyber threats. Increased virtualization and cloud computing adoption drive demand for these solutions globally. They also aid organizations in real-time analysis of dynamic network communication and managing relationships with suppliers, partners, and vendors.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=18524133
By Deployment mode, the cloud segment will grow at a higher CAGR during the forecast period.
Cloud-based OT security solutions provide businesses with a cost-effective means to bolster their security measures, irrespective of industry. Offering easy access and implementation without extensive on-site setups, cloud deployment’s flexibility, and scalability are desirable as more enterprises embrace virtualization and cloud computing. This shift reduces infrastructure costs and eliminates constant IT maintenance, making it especially appealing for small to medium-sized enterprises (SMEs) with limited budgets. Streamlining access control management in physical and virtual environments, these solutions ensure robust protection against cyber threats. As businesses increasingly migrate their IT operations to the cloud, the demand for cloud-based security solutions continues to surge, enabling companies to focus on core activities while entrusting IT security complexities to specialized cloud services, driving market expansion.
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Operational Technology (OT) Security Market in the Asia Pacific region is rapidly expanding. Companies operating in the market focus on providing comprehensive solutions and services to protect critical infrastructure, industrial processes, and essential services. The region is undergoing rapid digital transformation, with increased IT and OT systems integration. While digitalization enhances operational efficiency, it also introduces new security risks. OT security solutions must cater to the challenges of securing converged networks and effectively manage the associated risks. Governments in the Asia Pacific region have implemented various initiatives and regulations to enhance OT security. For instance, countries like Singapore have established cybersecurity frameworks, while Australia has specific guidelines for securing critical infrastructure. Compliance with these regulations is essential for organizations operating in the region. Attacks on critical infrastructure have a ripple effect on the economy.
Top Key Companies in Operational Technology (OT) Security Market:
Fortinet (US), Forcepoint(US), Cisco(US), Tenable (US), Forescout (US), Checkpoint (Israel), Broadcom (US), Trellix (US), Microsoft (US), OKTA(US), Palo Alto Networks(US), Qualys (US), Zscaler (US), BeyondTrust (US), CyberArk (US), Rapid7 (US), Sophos (US), Tripwire (US), Radiflow (Israel), Kaspersky (Russia), SentinelOne (US), Thales (France), Armis (US), Darktrace(US), Nozomi networks (US), Honeywell (US), Schneider Electric(France), Siemens (Germany), ABB(Switzerland), Forcepoint(US)  are the key players and other players in the Operational Technology Security Market.
Recent Development
In December 2023, Fortinet, a global cybersecurity leader, announced new integrated operational technology (OT) security solutions and services, setting them apart in the market. Recognizing the rising risks across OT environments, Fortinet offers purpose-built solutions that consolidate security measures, reduce operational overhead, and enforce policies. These include the FortiSwitch Rugged 424F, FortiAP 432F access point, and FortiExtender Vehicle 211F wireless gateway, along with updates to FortiOS, FortiAnalyzer, FortiNDR, FortiDeceptor, and FortiGuard OT Security Service.In April 2023, The FortiGate 7080F represents a cutting-edge lineup of next-generation firewalls (NGFWs) designed specifically for businesses. These innovative firewalls go beyond traditional point products, streamlining operations and simplifying security infrastructure.In May 2021, Forcepoint acquired Cyberinc IT Services and IT Consulting company based in the US. Forcepoint has intelligent remote browser isolation (RBI) technology that gives administrators granular control. It also has Smart Isolation capabilities to help Forcepoint enhance user productivity, lower operational burdens, and eliminate traditional monolithic products through a best-in-class SASE cloud service.In January 2021, Francisco Partners, a leading global investment firm that specializes in partnering with technology and technology-enabled businesses, acquired Forcepoint, a leading provider of cybersecurity solutions.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=18524133
Operational Technology (OT) Security Market Advantages:
OT security solutions provide continuous operations and minimise possible disruptions by defending vital infrastructure from cyber threats, including industrial plants, transportation networks, and power plants.By helping businesses conform to industry-specific standards and regulations like NERC CIP, IEC 62443, and NIST, OT security solutions help them maintain cybersecurity compliance and prevent fines and legal repercussions.Advanced threat detection and response capabilities catered to the particularities of OT settings are made possible by OT security solutions. These solutions provide prompt incident response and mitigation in addition to providing fast identification of anomalies, incidents, and security breaches.Organisations can identify and track OT assets, keep an eye on their settings and vulnerabilities, and enforce security policies to prevent unauthorised changes or access by using OT security solutions, which also provide inventory management and asset visibility tools.In order to ensure comprehensive and well-coordinated cybersecurity defence throughout the entire organisation, OT security solutions integrate with IT security systems and tools, facilitating easy collaboration between IT and OT teams, sharing of threat intelligence, and coordination of security activities.By detecting and fixing vulnerabilities, enhancing system dependability, and putting proactive steps in place to stop and lessen cyber incidents, OT security solutions improve operational resilience by reducing the impact of interruptions on business operations and continuity.Report Objectives
To define, describe, and forecast the Operational Technology Security Market based on offering, organization size, deployment mode, vertical, and region.To forecast the market size of five central regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market.To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Operational Technology Security Market.To analyze opportunities in the market for stakeholders by identifying high-growth segments of the Operational Technology Security Market.To profile the key players of the Operational Technology Security Market and comprehensively analyze their market size and core competencies.Track and analyze competitive developments, such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the global Operational Technology Security Market.Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Perimeter Security Market – Global Forecast to 2029
Self-Sovereign Identity Market- Global Forecast to 2029
Attack Surface Management Market- Global Forecast to 2029
DDoS Protection and Mitigation Security Market- Global Forecast to 2027
Threat Intelligence Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/operational-technology-ot-security-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/operational-technology-ot-security.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/operational-technology-ot-security-market-worth-44-9-billion-by-2029–exclusive-report-by-marketsandmarkets-302139906.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending