Oil and Gas Security and Service Market Trends By Types And Application, Forecast Analysis To 2027

The Global Oil and Gas Security and Service Market is projected to reach a value of over USD 38.2 billion by 2027 at a CAGR of around 5.1%.

The oil and gas security and services refers to a security process in which the oil and gas operational sector are secured with the help of physical as well as network security. Whereas, managing security risks is one of the major business activity to upstream the oil and gas industry. Also the security system helps the companies to enhance and to manage assets as well as to deliver supplier without any interference. According to the Accenture, more than 40% of the oil and gas companies have taking an initiatives to spend in cyber security.

Hence, due to COVID-19 pandemic the increasing demand for Bring Your Own Device (BYOD) may also lead to create a risk phishing attacks for the industries.

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Oil and Gas Security and Service Market: Drivers & Restraints

Market Driver:

  • Growing Demand for Cloud Based Technologies

With the growing demand for the cloud based technologies is witness to increase the demand of the market in the forecast period. Whereas, the cloud technologies in the industries is play a significant role for the companies to enhance and improve the defense tools by adoption cyber security. Also, many incident of cyber-attack have promote oil and gas companies to enhance their security platform. However, the most common cyber-attacks which has been witness are the malware, and phishing, which are mostly introduced through cloud ecosystem loopholes in the Covid-19 pandemic.

Hence, the shortage of professional, capital as well as on premise servers create an opportunities for the adoption of cloud based technologies to the data security.

Market Restraints:

  • Lack of Awareness

One of the major key concern of the oil and gas security and service market is the lack of awareness which may hinder the growth of the market. Whereas, in the globalization and networking period more than 70% of the offshore cyber threat is being recorded due to the human error. Also the lack of awareness and training is one of the major reason of cyber-attack, thus it need to have a right training professional and information program to improve the concern.

Hence, most of the small and large oil and gas industries has adopted physical and cyber security solution but largely the business is still depend on the existing security solutions. These may hinder the growth of the oil and gas security and services market in the projected period.

Oil and Gas Security and Service Market: Key Segments

  • Segmentation based on Component: Solution and Services.
  • Segmentation based on Security Types: Surveillance, Cyber Security, Screening & Detection, Access Control, Security Services, Command & Control, Perimeter Security and Others.
  • Segmentation based on Operation: Upstream, Midstream and Downstream.
  • Segmentation based on Application: Transportation, Pipelines, Exploring and Drilling, Distribution and Retail services and others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Oil and Gas Security and Service Market: Report Scope

The report on the oil and gas security and service market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered

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List of the leading companies operating in the Oil and Gas Security and Service Market include:

  • Cisco Systems, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Siemens
  • Honeywell
  • Microsoft Corporation
  • Lockheed Martin Corporation
  • ABB
  • Trend Micro Incorporated
  • Fortinet Inc.
  • Sophos Ltd.
  • Forescout Technologies Inc
  • Other Key Companies
    • NOZOMI NETWORKS INC
    • General Electric
    • Moxa Inc.
    • Synectics plc.

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Oil and Gas Security and Service Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Oil and Gas Security and Service Market, by Component

  • Solution
  • Services
    • Risk Management
    • Integration and Consulting

Oil and Gas Security and Service Market, by Security Types

  • Surveillance
  • Cyber Security
  • Screening & Detection
  • Access Control
  • Security Services
  • Command & Control
  • Perimeter Security
  • Others

Oil and Gas Security and Service Market, by Operation

  • Upstream
  • Midstream
  • Downstream

Oil and Gas Security and Service Market, by Application

  • Transportation
  • Pipelines
  • Exploring and Drilling
  • Distribution and Retail services
  • Others

Oil and Gas Security and Service Market by Region

·         Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)

·         North America (US, Canada, Mexico)

·         Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)

·         Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

·         South America (Brazil, Argentina, Rest of South America)

Table of Content:

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Increasing Adoption for Internet of Thing (IoT)
      2. Growing Demand for Cloud Based Technologies
    3. Restraint
      1. Huge Capital Cost
    4. Opportunities
      1. Rising Demand for Security-as-a-Service (SaaS)
      2. Increasing Cyber-threats in the Oil & Gas Sector
    5. Challenges
      1. Lack of awareness
  1. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  2. GLOBAL OIL AND GAS SECURITY AND SERVICE MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Solution
    3. Services
      1. Risk Management
      2. Integration and Consulting
  3. GLOBAL OIL AND GAS SECURITY AND SERVICE MARKET BY SECURITY TYPES, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Surveillance
    3. Cyber Security
    4. Screening & Detection
    5. Access Control
    6. Security Services
    7. Command & Control
    8. Perimeter Security
    9. Others
  4. GLOBAL OIL AND GAS SECURITY AND SERVICE MARKET BY OPEARTION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Upstream
    3. Midstream
    4. Downstream
  5. GLOBAL OIL AND GAS SECURITY AND SERVICE MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Transportation
    3. Pipelines
    4. Exploring and Drilling
    5. Distribution and Retail services
    6. Others  
  6. GLOBAL OIL AND GAS SECURITY AND SERVICE MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  7. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  8. COMPANY PROFILES
    1. Cisco Systems, Inc.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Siemens
    3. Honeywell
    4. Microsoft Corporation
    5. Lockheed Martin Corporation
    6. ABB
    7. Trend Micro Incorporated
    8. Fortinet Inc.
    9. Sophos Ltd.
    10. Forescout Technologies Inc.
    11. Other Key Companies
      1. NOZOMI NETWORKS INC
      2. General Electric
      3. Moxa Inc.
      4. Synectics plc
  9. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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