The global operational technology (OT) market is estimated to be worth $210.06 billion in 2024 and is projected to reach $364.74 billion by 2030, according to Grand View Research. This growth is driven by the increasing importance of real-time monitoring, data analytics, and process automation across industries. North America emerged as the leader in the global OT market, commanding over 36% of total revenue. The U.S. market is expected to see significant growth through the forecast period, driven by reshoring of manufacturing and modernization efforts across energy systems. By component, Computer Numerical Control (CNC) systems dominated the market in 2024, accounting for over one-third of global revenue. However, Asia Pacific is the fastest-growing region driven by rapid adoption of Industry 4.0, AI, IoT, and automation technologies.
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