Ot Security Industry Statistics

In this post, we explore key statistics and insights shaping the landscape of Operational Technology (OT) security. From the anticipated market growth to prevalent threats and trends, these statistics offer a comprehensive overview of the challenges and opportunities in the OT security industry.

Statistic 1

"The global Operational Technology (OT) security market is expected to reach USD 28.2 billion by 2026."

Statistic 2

"85% of organizations globally believe OT attacks will become more severe."

Statistic 3

"In 2019, the oil & gas industry held the largest share in the operational technology security market."

Statistic 4

"In 2021, one of the biggest OT security threats reported was ransomware, affecting 61% of organizations."

Statistic 5

"About 90% of OT Cybersecurity professionals believe their job function became more complex over the last year."

Statistic 6

"Solution/services for monitoring & detection accounted for 60% of the OT security market in 2020."

Statistic 7

"It is predicted that 40% of OT devices will be connected by 2025."

Statistic 8

"70% of OT environments have been in operation for over a decade, making them vulnerable."

Statistic 9

"By 2026, the software segment is likely to grow by a higher CAGR of 42.3% in the OT Security market."

Statistic 10

"Financial services accounted for 25.6% of all cyberattacks in the OT security sector in 2020."

Statistic 11

"The energy and utilities segment accounted for over 35% of the global OT security market share in 2020."

Statistic 12

"Nearly 40% of cyberattacks on critical infrastructure in 2019 targeted the energy sector, the largest share among all industries."

Statistic 13

"Cyber espionage accounted for 23% of all OT-related breaches in 2020."

Statistic 14

"An estimated 57% of organizations in the OT industry have experienced cyber-attacks causing plant downtime."

Statistic 15

"The annual industrial cybersecurity spending in North America was estimated to reach $1.93 billion in 2019."

Statistic 16

"The global OT cybersecurity market is forecast to grow at a CAGR of 10% from 2021-2026."

The rising trend of OT security threats and attacks across various industries highlights the increasing complexity and vulnerability of operational technology systems worldwide. With significant investments predicted in monitoring and detection solutions, as well as the anticipated growth of the software segment, it is evident that organizations are recognizing the importance of enhancing their cybersecurity measures in the face of evolving threats. The statistics also underscore the urgent need for cybersecurity professionals to adapt and strengthen their capabilities to address the escalating risks associated with OT environments. As OT devices become more interconnected and attacks more severe, proactive measures and robust security strategies will be vital to safeguard critical infrastructures and mitigate the potential impact of cyber threats.