According to IMARC Group’s latest report, titled “Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited moderate growth during 2015-2020. Oil and gas security refers to the process of providing enhanced and adequate network protection from the front of exploration to the back end of supply and distribution. It is generally employed to eliminate the risks of cyber-attacks, security breaches, and incidents across oil and gas facilities. The security includes a set of measures, such as distributed control systems (DCS) and supervisory control and data acquisition (SCADA), to protect the operational technology (OT) of the industrial infrastructure. Additionally, they help streamline the operations during hazardous processes, harsh climatic conditions, and extreme temperatures.
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The oil and gas security market is primarily driven by the increasing cases of cyber-attacks on the OT across the oil and gas industry. In addition, the rising demand for energy supply and rapid digitization are acting as other growth-inducing factors. Moreover, the initiatives undertaken by the private and government entities to improve the existing infrastructure are providing a significant boost to the market growth. Other factors, such as the rapid depletion of energy resources and the increasing expenditure by oil and gas companies on the network and OT security, are boosting the market growth. Looking forward, IMARC Group expects the global oil and gas security market to grow at a CAGR of 7.1% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 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
Breakup by Component:
Breakup by Security Type:
- Cyber Security
- Operational Security
- Command and Control
- Screening and Detection
- Access Control
- Perimeter Security
Breakup by Application:
- Exploring and Drilling
- Distribution and Retail Services
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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