Saudi Arabia Operational Technology Market, 2025-2030
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- Cybersecurity & Digital Risk
- operational technology market report
- Cybersecurity & Digital Risk
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Saudi Arabia operational technology market highlights
- The Saudi Arabia operational technology market generated a revenue of USD 2,165.0 million in 2023 and is expected to reach USD 5,117.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 13.1% 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 2,165.0 million |
| Market revenue in 2030 | USD 5,117.3 million |
| Growth rate | 13.1% (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, Saudi Arabia accounted for 1.1% 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 Middle East & Africa, Saudi Arabia operational technology market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,117.3 million by 2030.
KSA's strategic Vision 2030 initiative seeks to transform its economy by reducing dependence on oil and gas and promoting technological innovation. Operational technology is instrumental in realizing these aspirations. The adoption of operational technology contributes to economic diversification, enhancing the efficiency of sectors such as manufacturing, energy, and transportation.
Moreover, technological advancements in sensors, data analytics, and communication technologies are democratizing access to operational technology solutions for businesses in Saudi Arabia, promoting the nation's development in the field of operational technology.
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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 |
Saudi Arabia 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 34.21% in 2023.
Horizon Databook has segmented the Saudi Arabia 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.
KSA's strategic Vision 2030 initiative seeks to transform its economy by reducing dependence on oil and gas and promoting technological innovation. Operational technology is instrumental in realizing these aspirations. The adoption of operational technology contributes to economic diversification, enhancing the efficiency of sectors such as manufacturing, energy, and transportation.
Moreover, technological advancements in sensors, data analytics, and communication technologies are democratizing access to operational technology solutions for businesses in Saudi Arabia, promoting the nation's development in the field of operational technology.
- Saudi Arabia 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
- Saudi Arabia Operational Technology Market Connectivity Outlook (Revenue, USD Million , 2018-2030)
- Wired
- Wireless
- Saudi Arabia Operational Technology Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- Cloud
- On-premise
- Saudi Arabia Operational Technology Market Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
- SME
- Large Enterprises
- Saudi Arabia 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 Saudi Arabia operational technology market report, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia operational technology market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Operational Technology Market, 2018-2030 (US$M)
Saudi Arabia operational technology market report statistics, by component, 2018-2030 (US$M)
