Global Oil and Gas Security Market to Grow at 4.8% During 2025-2033, Bolstered by Rapid Digitization Across Oil and Gas Industry

November 14, 2024 | Technology & Media

IMARC Group’s latest report, titled “Oil and Gas Security Market Report by Component (Software, Services), Security Type (Cyber Security, Operational Security, Command and Control, Screening and Detection, Surveillance, Access Control, Perimeter Security, and Others), Application (Exploring and Drilling, Transportation, Pipelines, Distribution and Retail Services, and Others), and Region 2025-2033,” finds that the global oil and gas security market reached a value of USD 32.4 Billion in 2024. Oil and gas are among the most critical energy sources throughout the world. Oil and gas security refers to the process of securing the operational sectors of the oil and gas industry, namely upstream, midstream, and downstream, by using stringent physical and network security measures. These measures ensure operational efficiency and minimize losses associated with security breaches. In recent years, oil and gas security has gained prominence as it plays a crucial role in simplifying operations even during extreme temperatures, harsh climatic conditions and hazardous processes.

Global Oil and Gas Security Market Trends:

With rapid digitization, there have been evolving security threats and cyber-attacks in the oil and gas sector. They have caused significant disruptions to the entire network, including web application attacks, malware, phishing and physical risk/loss of property. Due to this, several companies are implementing effective cybersecurity solutions by increasing their expenditure on network and operational technology security and vulnerability management to combat them. Besides this, governments of various nations are also undertaking several initiatives to improve the aging infrastructure. They are also promoting the adoption of new technologies to significantly enhance efficiency. Moreover, the rising adoption of the Internet of Things (IoT), the growing trend of bring your own devices (BYOD) and increasing investments in the oil and gas sector are some of the other factors bolstering the market growth. Looking forward, the market value is projected to reach USD 49.3 Billion by 2033, expanding at a CAGR of 4.8% during 2025-2033.

Market Summary:

  • Based on the component, the market has been bifurcated into software and services.
  • On the basis of the security type, the market has been segregated into cyber security, operational security, command and control, screening and detection, surveillance, access control, perimeter security and others.
  • The market has been classified based on the application into exploring and drilling, transportation, pipelines, distribution and retail services and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, India, Japan, Australia, Indonesia, South Korea and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, 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 and Waterfall Security Solutions.


Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Component, Security Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., Cisco Systems Inc., General Electric Company, Honeywell International Inc., Intel Corporation, Lockheed Martin Corporation, Microsoft Corporation, Parsons Corporation, Siemens Aktiengesellschaft and Waterfall Security Solutions
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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Global Oil and Gas Security Market to Grow at 4.8% During 2025-2033, Bolstered by Rapid Digitization Across Oil and Gas Industry
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