Oil and Gas Security Market Identifies the Key Drivers of Growth, Demand and Challenges of the Key Industry Players 2021-2026

January 19 14:44 2022
Oil and Gas Security Market Identifies the Key Drivers of Growth, Demand and Challenges of the Key Industry Players 2021-2026
Looking forward, IMARC Group expects the global oil and gas security market to grow at a CAGR of 7.1% during 2021-2026.

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 oil and gas security market exhibited moderate growth during 2015-2020. Oil and gas security refers to the numerous solutions and measurements taken by companies to protect the oil and gas infrastructure from security breaches and fatal incidences. They include the widespread adoption of supervisory control and data acquisition (SCADA) and distributed control systems (DCS). Due to the rising energy demand across the globe, these measures are increasingly deployed to ensure the security and integrity of the oil and gas industry.

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The global market is majorly driven by the increasing expenditure by oil and gas companies to ensure enhanced safety. Furthermore, the rising incidents of cyber attacks on the global level have prompted oil and gas companies to improve the security measures of the overall infrastructure, which is significantly contributing to the market growth. Besides this, rapid digitization across the sector and the escalating adoption of cloud technologies have provided an impetus to market growth. Apart from this, the increasing trend of operational technology security and vulnerability management in the oil and gas sector has also provided a boost to the market growth across the globe. Looking forward, IMARC Group expects the global oil and gas security market to grow at a CAGR of 7.1% during 2021-2026.

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

Market Segmentation:

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)
  • 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
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • 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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