Connect with us
European Gaming Congress 2024

Artificial Intelligence

Operational Technology (OT) Security Market worth $38.2 billion by 2028 – Exclusive Report by MarketsandMarkets™

Published

on

operational-technology-(ot)-security-market-worth-$38.2-billion-by-2028-–-exclusive-report-by-marketsandmarkets™

CHICAGO, June 23, 2023 /PRNewswire/ — With the rising IIoT usage, changing threat landscape, integration of AI/ML, risk-based approaches, convergence of IT and OT security, regulatory advancements, and continued vendor innovation, the future of the OT security industry appears bright. The need for cutting-edge OT security solutions to safeguard crucial infrastructure will be fuelled by these considerations.
The global Operational Technology (OT) Security Market size is expected to grow from an estimated value of USD 17.9 billion in 2023 to 38.2 billion USD by 2028, at a Compound Annual Growth Rate (CAGR) of 16.3% from 2023 to 2028, according to a new report by MarketsandMarkets™.  Some factors driving the market growth include the rising demand for Industry 4.0 and smart infrastructure and the convergence of OT and IT infrastructure to fuel OT security market growth.
Browse in-depth TOC on “Operational Technology (OT) Security Market”
349 – Tables 55 – Figures310 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18524133
Scope of the Report
Report Metrics
Details
Market size available for years
2017–2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Value (USD)
Segments covered
Offering, deployment mode, organization size, vertical, and region
Geographies covered
Americas, Europe, Asia Pacific, and Middle East and Africa
Major companies covered
Broadcom (US), Cisco (US), Fortinet (US), Forcepoint (US), Forescout (US), Trellix (US), Zscaler (US), Darktrace (UK), CyberArk (US), BeyondTrust (US), Microsoft (US), Kaspersky (Russia), Nozomi Networks (US), Rapid7 (US), Checkpoint (Israel), Okta (US), Palo Alto Networks (US), Qualys (US), Radiflow (US), SentinelOne (US), Sophos (UK), Tenable (US), Thales (France), Tripwire (US), Armis (US), Seckiot (France), Siga OT Solutions (Israel), OPSWAT (US), Claroty (US), Cydome (Israel), Dragos (US), Mission Secure (US), Ordr (US), runZero (US), Scadafence (US) and Sectrio (US).
 
By deployment mode, the On-Premises segment is projected to hold the largest market share during the forecast period.
The Operational Technology (OT) Security Market can be classified based on deployment into two main segments: cloud and on-premises, per business requirements. These deployment options offer distinct advantages and considerations for organizations seeking to secure their critical infrastructure from cyber threats. The cloud deployment mode of OT security solutions provides enterprises with cloud-based solutions that offer speed, scalability, and enhanced OT security. As more applications are deployed in the cloud, there is an increase in the need for cloud-based OT security solutions among SMEs and large enterprises. The on-premises deployment mode enables organizations to control all OT security solutions, such as NGFWs, threat investigation, antivirus/antimalware protection, and next-generation intrusion prevention systems.
By verticals, the manufacturing segment holds a larger market size during the forecast period.
OT security solutions are being implemented across various verticals, such as manufacturing, energy & power (generation), oil & gas (distribution), transportation, and logistics. Among the verticals, the manufacturing vertical dominates the OT security solutions market size. The increasing attacks on the manufacturing vertical imply a crucial need for companies with OT infrastructure responsibility to secure the endpoints of their OT systems and networks. The drivers for market size growth of OT security solutions include the requirement of OT security solutions and services to help organizations overcome operational challenges and overcome the challenges associated with the cost of supplies and increased cost of inventory management, resulting in the increment of OT security solutions demand in the market.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=18524133
By region, Asia Pacific is to grow at the highest CAGR during the forecast period.
The OT security market is categorized into the following regions: Americas, Europe, Asia Pacific, and Middle East and Africa. During the forecast period, the Asia Pacific region is expected to exhibit the most rapid growth, measured by its Compound Annual Growth Rate (CAGR). This growth can be attributed to the swift adoption of OT solutions in emerging economies in Asia, including India, China, Japan, and other countries. Effective government regulations and advancements in technology drive this adoption. The growth of OT solutions in the region is fueled by several factors, such as a surge in investments in security solutions to protect ICS/SCADA systems against cyber threats and advancements in technologies such as artificial intelligence, machine learning, and advanced analytics. Many organizations in the Asia Pacific region recognize the significance of OT security for safeguarding their business operations and draw lessons from developed countries in the Americas and Europe. These factors collectively contribute to the Asia Pacific region experiencing the highest CAGR growth among all the regions in the OT security market.
Top Key Companies in Cloud Infrastructure Operational Technology (OT) Security Market:
Major vendors in the global Operational Technology (OT) Security Market include Broadcom (US), Cisco (US), Fortinet (US), Forcepoint (US), Forescout (US), Trellix (US), Zscaler (US), Darktrace (UK), CyberArk (US), BeyondTrust (US), Microsoft (US), Kaspersky (Russia), Nozomi Networks (US), Rapid7 (US), Checkpoint (Israel), Okta (US), Palo Alto Networks (US), Qualys (US), Radiflow (US), SentinelOne (US), Sophos (UK), Tenable (US), Thales (France), Tripwire (US), Armis (US), Seckiot (France), Siga OT Solutions (Israel), OPSWAT (US), Claroty (US), Cydome (Israel), Dragos (US), Mission Secure (US), Ordr (US), runZero (US), Scadafence (US) and Sectrio (US).
Recent Development
In May 2023, Forcepoint upgraded the Forcepoint NGFW with advanced vulnerabilities and situation detection technology.In April 2023, Fortinet launched new solutions such as FortiGate 7080F. It 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 March 2023, Tenable enhanced the Tenable Security Solution with Upgraded management experience for Tenable OT Security sensors, advanced Vulnerability and Threat Detection and Enhanced Dashboards and Reporting system.In December 2022, Microsoft enhanced the Microsoft Sentinel Solution which provides features such as as MultiCloud SOAR, Enrichment and Threat Intelligence, Incident Management and Remediation and Response.In November 2022, Okta introduced a series of innovative enhancements to its Workforce Identity Cloud, reinforcing its unified control platform for efficient identity management across all enterprise resources and user profiles.Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=18524133
Operational Technology (OT) Security Market Advantages:
Protection from cyberthreats and attacks that target industrial systems is strong thanks to OT security solutions. These devices are frequently linked to the internet and exposed to a number of dangers, including malware, ransomware, unauthorised access, and data breaches. Assuring the integrity and availability of crucial operations, OT security solutions assist in recognising and mitigating these threats.OT systems are essential to the operation of important infrastructure in numerous sectors, including energy, transportation, manufacturing, and utilities. An OT security framework aids in defending against hostile activity, decreasing the possibility of disruptions that could result in significant monetary losses, safety risks, and reputational harm.For critical infrastructure, the adoption of strong security measures is required by a number of industry laws and standards, including NERC CIP, IEC 62443, and NIST SP 800-82. Organisations can achieve regulatory compliance by investing in OT security solutions, avoiding fines and legal repercussions while showcasing their dedication to cybersecurity.The maintenance of business continuity and operational resilience depends heavily on OT security solutions. Organisations may reduce downtime, swiftly recover from cyber events, and guarantee the continuity of their crucial activities by identifying vulnerabilities, putting preventive measures into place, and creating incident response plans.Improved insight into industrial networks and assets is provided by OT security solutions. These technologies provide early identification of potential threats and offer actionable information for preventative security steps by monitoring network traffic, system behaviour, and abnormalities. Organisations can make better decisions and manage risks when they have a thorough awareness of their OT environment thanks to this visibility.The OT security market is always changing to handle new threats and weaknesses. Organisations may keep on top of the curve and adjust to fresh difficulties brought on by quickly developing cyber threats by investing in OT security solutions. Organisations can effectively reduce the risks brought on by the shifting threat landscape thanks to regular updates, patches, and developments in OT security technologies.Report Objectives
To define, describe, and forecast the OT Security market based on offering, solutions, services, deployment mode, organization size, vertical, and region.To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the OT Security marketTo forecast the size of the market segments with respect to five main regions: Americas, Europe, Asia Pacific, and Middle East and AfricaTo analyze subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall marketTo profile the key players of the OT Security market and comprehensively analyze their market size and core competencies.To profile key players and comprehensively analyze their market rankings and core competencies.To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments such as product developments, collaborations, and acquisitions.To track and analyze the competitive developments, such as product enhancements and new product launches; acquisitions; and partnerships and collaborations, in the OT Security market globally.Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Identity and Access Management Market – Global Forecast to 2028
Fraud Detection and Prevention Market – Global Forecast to 2028
MEA Cybersecurity Market – Global Forecast to 2028
Quantum Cryptography Market – Global Forecast to 2028
Healthcare Cybersecurity Market – Global Forecast to 2028
About MarketsandMarkets™
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.
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 moulded 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 MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.comResearch Insight: https://www.marketsandmarkets.com/ResearchInsight/operational-technology-ot-security-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/operational-technology-ot-security.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg 
 
View original content:https://www.prnewswire.co.uk/news-releases/operational-technology-ot-security-market-worth-38-2-billion-by-2028—exclusive-report-by-marketsandmarkets-301860770.html

Continue Reading
Advertisement
Stake.com

Artificial Intelligence

YES Delivers Multiple VeroTherm Formic Acid Reflow Systems To Leading Semiconductor Device Customers

Published

on

yes-delivers-multiple-verotherm-formic-acid-reflow-systems-to-leading-semiconductor-device-customers

FREMONT, Calif., June 26, 2024 /PRNewswire/ — YES (Yield Engineering Systems, Inc.), a leading manufacturer of process equipment for semiconductor advanced packaging applications, today announced that it has delivered multiple VeroTherm Formic Acid Reflow (FAR) systems to leading logic and memory customers. This system will be utilized to enable 3D stacking of memory and logic chips required to support the growth of high-performance AI accelerators driven by large language model (LLM) applications.

The VeroTherm FAR system is designed to provide solutions for achieving sub 10-micron micro-bump structures with fluxless solder and mass reflow processes. This system enables superior quality and total cost of ownership (CoO) particularly for the manufacturing of advanced packaging architectures such stacked logic and high bandwidth memory (HBM) that are an integral part of the AI accelerators currently being launched in the market.
“The VeroTherm offers unique single wafer chamber design with flexibility to improve reflow quality and addresses challenges associated with reduced bump pitches. YES has demonstrated superior reflow results with no bump cracking defects observed at sub-30 micron pitch and no collapsed bumps with pitches down to 12um. YES proprietary process also results in defect-free solder reflow resulting in high throughput and low CoO. These results can extend bump-based mass reflow technology to sub-10um pitch,” said Alex Chow, SVP Global Sales at YES. “These orders are an important milestone for YES as it is a validation of our efforts to serve the multiple market segments,” Chow added.
According to Saket Chadda, SVP and GM, Dry Business Unit at YES, “Our Verotherm FAR wafer product line offers vacuum based single wafer processing with unique capabilities of performing the task of removing oxides and reflowing solder into excellent bump shapes without defects found in older atmospheric pressure systems. It eliminates SnAg agglomerate defects and rough surfaces while minimizing inter-metallic compound zones with extendibility down to sub-10um micron pitches.”
About YES
YES (Yield Engineering Systems, Inc.) is a leading manufacturer of high-tech, cost-effective equipment for transforming surfaces, materials and interfaces.  The company’s product lines include vacuum cure ovens, chemical vapor deposition (CVD) systems, and plasma etching tools used for precise surface modification and thin-film coating of semiconductor wafers, semiconductor and MEMS devices, and biodevices. With YES, customers ranging from startups to Fortune 100 companies can create and volume-produce products in a wide range of markets, including Advanced Packaging, MEMS, Augmented Reality/Virtual Reality and Life Sciences. YES is headquartered in Fremont, California, with a growing global presence. For more information, please visit www.yieldengineering.com.
Media Contact
Alex ChowSVP Business Development & Mktg / Asia PresidentYES (Yield Engineering Systems, Inc.)+886-926136155 [email protected] 
Logo – https://mma.prnewswire.com/media/2357724/YES_TM_logo_RGBv2_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/yes-delivers-multiple-verotherm-formic-acid-reflow-systems-to-leading-semiconductor-device-customers-302182191.html

Continue Reading

Artificial Intelligence

Amagi Strengthens its European Presence With the Inauguration of a New Office in Poland

Published

on

amagi-strengthens-its-european-presence-with-the-inauguration-of-a-new-office-in-poland

Amagi to Develop Flagship LIVE Products at Central European Innovation Center
ŁÓDŹ, Poland, June 26, 2024 /PRNewswire/ — Amagi, a leading global provider of cloud-based SaaS technology for broadcast and Connected TV (CTV), is focusing on engaging with the vibrant young technology talent in Poland as it inaugurates a new office in the bustling center of Łódź. This move underlines Amagi’s dedication to harnessing the exceptional technology skills found in Poland, aiming to shape the future of global media and entertainment.

Poland has strategically positioned itself as a magnet for tech innovation. Its robust educational system produces engineering, computer science, and other tech-related graduates. This abundance of skilled professionals and a supportive environment make Poland a prime location for companies looking to tap into the global tech scene.
“The inauguration of this innovation center in Central Europe marks a key milestone in Amagi’s journey,” says Baskar Subramanian, Co-Founder and CEO of Amagi. “This center will provide a platform for Polish technology professionals to serve our global customers, underscoring Amagi’s strategic vision of being a frontrunner in the cloud-based live broadcast technology domain.”  
“The entry of Amagi into our market is a significant event for our technology sector,” says Adam Pustelnik, First Deputy Mayor of the City of Łódź. “This industry is growing rapidly and constantly needs new solutions, specialists, and a specific talent pool. We are delighted to collaborate with such an innovative company and support the development of our City together. I believe that Amagi, as a strong global brand, will help strengthen Łódź’s position in the global media technology market.”
In 2023, Amagi expanded its global footprint by acquiring Tellyo, a Polish company specializing in broadcast technology solutions. This strategic move marked Amagi’s initial foray into the Polish market and proved to be a significant growth catalyst for the company.  The talented Polish development teams are now at the forefront of several of Amagi’s industry-leading products, including Tellyo STUDIO, a platform designed to streamline live content production and delivery, and Tellyo PRO, a suite of tools tailored explicitly for high-pressure live broadcast environments like elections and significant sporting events, such as the Olympics.
“At Amagi, we’re driven by four core values that empower everyone in our ecosystem, from employees to customers, to thrive and reach their full potential truly,” says Prasad Menon, Chief People Officer at Amagi. “Our Polish team perfectly embodies this philosophy.  Their exceptional talent, dedication, and deep understanding of technology fuel the development of our industry-leading solutions.  Their ability to deliver cutting-edge products like Tellyo Studio and Tellyo Pro ensures Amagi continues to meet the ever-changing needs of the global media landscape.”
Amagi has significantly increased its customer base in the European region. It now delivers services to large media and entertainment industry players like DAZN, Grupa Polsat-Interia, and many more. Amagi also delivers linear channels in over 40 countries worldwide, with a strong presence in the American market. Its global client list includes ABS-CBN, AccuWeather, A+E Networks UK, Cineverse, and more.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 3800+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bangalore, Zagreb, and Łódź.
About Invest in Łódź 
Our Bureau supports investors & businesses by being an integrator of diverse entities around the City and its offerings and facilitating relations among stakeholders. Moreover we provide services and tools that create value for future investors and stakeholders and promote the business brand of the City.
Link to Word Doc: www.wallstcom.com/Amagi/240625-Amagi-Poland.docx 
Link to Polish Translation: www.wallstcom.com/Amagi/240625-Amagi-Poland-Po.docx
Photo Link: www.wallstcom.com/Amagi/Poland_Office.jpg
Photo Caption: Deputy Mayor of the City of Łódź, Adam Pustelnik, Prasad Menon, Chief People Officer at Amagi, Mariusz OstojaSwierczynski, Senior Director of Engineering at Amagi, and Jakub Majkowski, Founder and COO of Tellyo, at the inauguration of the new innovation center in Łódź.
 
Amagi Contact:
Aashish Washikar
Director – Corporate Communications
Email: [email protected]
Phone : +91 9533390005

Photo – https://mma.prnewswire.com/media/2447827/Amagi_New_Office.jpg

View original content:https://www.prnewswire.co.uk/news-releases/amagi-strengthens-its-european-presence-with-the-inauguration-of-a-new-office-in-poland-302182268.html

Continue Reading

Artificial Intelligence

Synechron to acquire Adelaide-headquartered companies Chamonix IT and Exposé to grow its digital transformation, engineering, AI, and data and analytics capabilities in Australia

Published

on

synechron-to-acquire-adelaide-headquartered-companies-chamonix-it-and-expose-to-grow-its-digital-transformation,-engineering,-ai,-and-data-and-analytics-capabilities-in-australia

This acquisition extends Synechron’s reach across the country, establishing a presence in key hubs and unlocking new industries and clients.
SYDNEY and NEW YORK and LONDON and PUNE, India, June 26, 2024 /PRNewswire/ — Synechron, a global leader in digital transformation consulting for the financial and technology sectors, is proud to announce that it has executed a definitive agreement for the acquisition of Chamonix IT Management Consulting Pty Ltd and Exposé Data Pty Ltd. Both companies are headquartered in Adelaide, Australia, with additional operations in Melbourne and Brisbane and share a common goal of delivering digital transformation, artificial intelligence, and analytics expertise to clients across several key industries including government, healthcare, utilities, energy, and education. The definitive agreement with respect to the acquisition was signed on Tuesday, 25 June, 2024, and is subject to customary closing conditions, including approval by the Australian Foreign Investment Review Board (FIRB).

Chamonix IT, established in 2010, is the leading provider of digital transformation services to organizations in South Australia. With a skilled team of approximately 150 professionals, Chamonix IT has been pivotal in delivering cutting-edge solutions that address complex challenges and drive significant outcomes for enterprise-level and public sector clients. Chamonix IT’s founders established Exposé as a new company in 2016 to bring the same level of expertise, this time focused specifically on data science and engineering, data modelling and visualization, and artificial intelligence. Among the fastest-growing IT organizations in Australia, Exposé currently has a team of approximately 50 people across the country.
The two organizations will join Synechron’s core digital transformation consulting business alongside recently acquired iGreenData, which expanded Synechron’s data and blockchain expertise in the financial services sector. With these additions, Synechron has effectively doubled its presence in the country, achieving coverage across major sectors. This strategic positioning allows the company to capitalize on the growing information technology (IT) investment in Australia encompassing SaaS, IT services, and analytics, while simultaneously enhancing its ability to offer support and solutions across Asia, the Americas, and Europe.
Faisal Husain, Synechron Co-founder and CEO, commented, “We look forward to welcoming Chamonix IT and Exposé into the Synechron family when the acquisition is completed. They will enrich our presence in Australia, bringing fresh expertise and capabilities that complement our ongoing commitment in the region. This move will enhance our service offerings and drive significant value, strengthening our strategy of continuous innovation and client-focused solutions.”
Scott Grigg, CEO of Chamonix IT, said, “Joining forces with Synechron is a significant milestone for us. Our shared dedication to excellence and innovation means we’re exceptionally positioned to offer transformative digital solutions that are second to none.”
Kelly Drewett, CEO of Exposé, added, “Becoming part of the Synechron family represents a massive opportunity. It accelerates our ability to innovate and empowers our employees to take on even more complex challenges on behalf of our clients.”
Technology Holdings acted as the financial advisor to Chamonix IT and Exposé on the transaction.
About Synechron:
At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,000+, and has 55 offices in 20 countries within key global markets. For more information on the company, please visit our website or LinkedIn community.
About Chamonix IT:
Chamonix IT empowers businesses to excel through transformative IT services. Serving both enterprise and government organizations, Chamonix IT delivers tailored solutions that ensure long-term success. Chamonix IT’s expertise spans Advisory, Cloud & Infrastructure, Application Innovation, Security, and Managed Services, enabling businesses to remain competitive and innovative in an ever-evolving landscape. By embracing an adaptable and flexible approach, Chamonix IT helps organizations navigate the complexities of digital transformation to propel their business forward.
About Exposé:
Exposé is a leading data analytics and AI consulting firm delivering data-driven insights and business-focused outcomes to private and public sector clients across Australia. Exposé’s approach is designed to give its clients the quickest and most cost-effective path to tackle data and AI opportunities through best practice. Clients benefit from Exposé’s significant experience, research and development, and innovation, which is at the core of what we do and the values we uphold. Founded in 2016, Exposé is now the largest data analytics and AI business in South Australia and one of only a few female-led technology businesses in the region.
For more information please contact:
Rashmi Joshi,[email protected] [email protected]
OR
 Zoe Forbes-Pyfrom (+44) 7718 [email protected]
Logo: https://mma.prnewswire.com/media/1943591/Synechron_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/synechron-to-acquire-adelaide-headquartered-companies-chamonix-it-and-expose-to-grow-its-digital-transformation-engineering-ai-and-data-and-analytics-capabilities-in-australia-302181486.html

Continue Reading

Trending