The operational technology market in India is expected to reach a projected revenue of US$ 12,503.6 million by 2030. A compound annual growth rate of 16.6% is expected of India operational technology market from 2024 to 2030.
The India operational technology market generated a revenue of USD 4,275.1 million in 2023 and is expected to reach USD 12,503.6 million by 2030.
The India market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
In terms of segment, computer numerical control was the largest revenue generating component in 2023.
Building Management System is the most lucrative component segment registering the fastest growth during the forecast period.
Operational technology market data book summary
Market revenue in 2023
USD 4,275.1 million
Market revenue in 2030
USD 12,503.6 million
Growth rate
16.6% (CAGR from 2023 to 2030)
Largest segment
Computer numerical control
Fastest growing segment
Building Management System
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Supervisory Control and Data Acquisition, Distributed Control System, Manufacturing Execution System Market, Functional Safety, Building Management System, Plant Asset Management, Variable Frequency Drives, Computer Numerical Control
Key market players worldwide
ABB Ltd, Emerson Electric Co, GE Aerospace, Hitachi Ltd, Honeywell International Inc, International Business Machines Corp, OMRON Corp, Rockwell Automation Inc, Siemens AG, Schneider Electric SE
Other key industry trends
In terms of revenue, India accounted for 2.2% of the global operational technology market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China operational technology market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,503.6 million by 2030.
India's growing industrial sector, including manufacturing and infrastructure, has contributed to an increased adoption of operational technology solutions. This is driven by the sector's pursuit of process optimization, improved efficiency, and reliable operations.
The ongoing digital transformation in the country involves businesses across diverse sectors investing in technologies such as IoT, automation, and data analytics, all integral components falling under the operational technology domain.
The impetus for this growth is further supported by the Make in India initiative, a government program strategically designed to enhance self-reliance by encouraging the incorporation of advanced technologies, including operational technology, thereby strengthening manufacturing capabilities.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Operational Technology Market will help companies and investors design strategic landscapes.
Computer Numerical Control was the largest segment with a revenue share of 34.24% in 2023.
Horizon Databook has segmented the India operational technology market based on supervisory control and data acquisition, distributed control system, manufacturing execution system market, functional safety, building management system, plant asset management, variable frequency drives, computer numerical control covering the revenue growth of each sub-segment from 2018 to 2030.
India's growing industrial sector, including manufacturing and infrastructure, has contributed to an increased adoption of operational technology solutions. This is driven by the sector's pursuit of process optimization, improved efficiency, and reliable operations.
The ongoing digital transformation in the country involves businesses across diverse sectors investing in technologies such as IoT, automation, and data analytics, all integral components falling under the operational technology domain.
The impetus for this growth is further supported by the Make in India initiative, a government program strategically designed to enhance self-reliance by encouraging the incorporation of advanced technologies, including operational technology, thereby strengthening manufacturing capabilities.
India Operational Technology Market Component Outlook (Revenue, USD Million , 2018-2030)
Supervisory Control and Data Acquisition
Distributed Control System
Manufacturing Execution System Market
Functional Safety
Building Management System
Plant Asset Management
Variable Frequency Drives
Computer Numerical Control
Others
India Operational Technology Market Connectivity Outlook (Revenue, USD Million , 2018-2030)
Wired
Wireless
India Operational Technology Market Deployment Outlook (Revenue, USD Million , 2018-2030)
Cloud
On-premise
India Operational Technology Market Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
SME
Large Enterprises
India Operational Technology Market Industry Outlook (Revenue, USD Million , 2018-2030)
Process Industry
Discrete Industry
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Horizon Databook provides a detailed overview of country-level data and insights on the India operational technology market report, including forecasts for subscribers. This country databook contains high-level insights into India operational technology market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Operational Technology Market, 2018-2030 (US$M)