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Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • July 2020
  • 112 pages
  • ID: 5949544
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global oil and gas security market grew at a CAGR of around 7% during 2014-2019.

Oil and gas security refer to the measures that are undertaken to protect the value chain of the oil and gas industry from security breaches and incidents. These measures widely include supervisory control and data acquisition (SCADA) and distributed control systems (DCS), which primarily protect the operational technology (OT) of the industrial infrastructure. These measures play a vital role in streamlining operations even during harsh climatic conditions, hazardous processes, and extreme temperatures, owing to which they are now increasingly utilized across the globe for ensuring high standards of security in the oil and gas industry.

Increasing digitization across the oil and gas industry represents one of the key factors driving the market growth. Digital processing of the workflow, which otherwise is instrumental in ensuring smooth operations, has exposed data and sensitive information to hacking and cyberattacks. In line with this, governments of various nations across the globe are implementing stringent measures to identify and combat cybersecurity vulnerabilities in the oil and gas industry, which is contributing to the market growth significantly. Furthermore, the distribution network of this industry usually spans across huge acres, which often become constrained to monitor through human resources. The oil and gas security measures, including web-based mobile surveillance, become crucial in such cases to ensure effective safeguarding of the operational network and streamlining the overall security system. Other factors, such as the rising energy demand and the rapid depletion of energy resources, along with aggressive efforts undertaken by both the private and government entities to improve the aging infrastructure, are expected to drive the market further. Looking forward, the analyst expects the market to witness moderate growth during the next five years.

Breakup by Component:
Software
Services

Breakup by Security Type:
Cyber Security
Operational Security
Command and Control
Screening and Detection
Surveillance
Access Control
Perimeter Security
Others

Breakup by Application:
Exploring and Drilling
Transportation
Pipelines
Distribution and Retail Services
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Cisco Systems Inc., General Electric Company, Honeywell International Inc., Intel Corporation, Lockheed Martin Corporation, Microsoft Corporation, Parsons Corporation, Siemens Aktiengesellschaft, Waterfall Security Solutions, etc.

Key Questions Answered in This Report:
How has the global oil and gas security market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the security type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global oil and gas security market and who are the key players?
What is the degree of competition in the industry?

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