Middle East & Africa Operational Technology Market
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- operational technology market report
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MEA operational technology market highlights
- The MEA operational technology market generated a revenue of USD 7,755.4 million in 2023.
- The market is expected to grow at a CAGR of 11.7% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 7,755.4 million |
| Market revenue in 2030 | USD 16,778.0 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Computer numerical control |
| Fastest growing segment | Building Management System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.1% of the global operational technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 106,868.4 million by 2030.
In the Middle East and Africa (MEA), operational technology is integral to the development and management of critical infrastructure projects. Operational technology ensures the efficient operation of transportation networks, water supply systems, and other critical infrastructure components, contributing to the overall advancement and sustainability of the region.
In MEA, the manufacturing sector utilizes operational technology for automation, process optimization, and predictive maintenance. The implementation of Industry 4.0 concepts is at the forefront, propelling advancements in industrial processes and promoting greater efficiency and innovation within the MEA manufacturing sector.
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Operational Technology Market Report
Operational Technology Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Schneider Electric SE | View profile | 162,339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | www.se.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Rockwell Automation Inc | View profile | 29,000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | www.rockwellautomation.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Emerson Electric Co | View profile | 67,000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | www.emerson.com |
Middle East & Africa operational technology market report
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 34.09% in 2023.
Horizon Databook has segmented the Middle East & Africa 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.
In the Middle East and Africa (MEA), operational technology is integral to the development and management of critical infrastructure projects. Operational technology ensures the efficient operation of transportation networks, water supply systems, and other critical infrastructure components, contributing to the overall advancement and sustainability of the region.
In MEA, the manufacturing sector utilizes operational technology for automation, process optimization, and predictive maintenance. The implementation of Industry 4.0 concepts is at the forefront, propelling advancements in industrial processes and promoting greater efficiency and innovation within the MEA manufacturing sector.
- Middle East & Africa 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
- Middle East & Africa Operational Technology Market Connectivity Outlook (Revenue, USD Million , 2018-2030)
- Wired
- Wireless
- Middle East & Africa Operational Technology Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- Cloud
- On-premise
- Middle East & Africa Operational Technology Market Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
- SME
- Large Enterprises
- Middle East & Africa 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 continent-level data and insights on the Middle East & Africa operational technology market report, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa operational technology market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Operational Technology Market, 2018-2030 (US$M)
MEA operational technology market report statistics, by component, 2018-2030 (US$M)
