Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2170
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Market Overview:

The global oil and gas security market reached a value of US$ 27.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 38.8 Billion by 2027, exhibiting a CAGR of 6.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global oil and gas security market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, security type and application.

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)


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 has been the impact of COVID-19 on the global oil and gas security market?
  • 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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Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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