Oil and Gas Security and Service Market Size, Trends, Shares, and Forecast - 2031

MARKET INTRODUCTION

The security concerns of the operational technology (OT) such as distributed control system (DCS) and supervisory control and data acquisition (SCADA) of the infrastructure of the oil & gas industry from data theft and cyber-attacks are known as oil & gas security. The increase in cyber-attacks on the OT of oil & gas companies increases the demand for safety in the market. The protection from different data security breaches and cyber threats are the major advantages.

MARKET DYNAMICS

The increase in expenditure by the oil & gas companies on network & OT security and increasing trend of security & vulnerability management are some of the major factors driving the growth of the oil & gas security market. Additionally, the growing trend of bring your own device (BYOD) is also fueling the oil and gas Security and service market growth. However, massive capital cost and the constant demand for security upgrade are some of the major factors which may restrain the growth of the oil and gas Security and service market. Nevertheless, the rise in adoption of the Internet of Things (IoT) and demand for security-as-a-service (SaaS) create plenty of opportunities in the market.

MARKET SCOPE

The "Global Oil and Gas Security and Service Market Analysis to 2031" is a specialized and in-depth study of the oil and gas security and service market with a special focus on the global market trend analysis. The report aims to provide an overview of oil and gas security and service market with detailed market segmentation by Security type, service type, application. The global oil and gas security and service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oil and gas security and service market players and offers key trends and opportunities in the oil and gas security and service market.

MARKET SEGMENTATION

The global oil and gas security and service market is segmented on the basis of Security type, service type, application. On the basis of security type, the market is segmented as physical security, network security. On the basis of service type, the market is segmented as risk management service, system design, integration, and consulting, managed service. On the basis of application, the market is segmented as exploration and drilling, refining and storage area, pipeline, transportation, and distribution.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global oil and gas security and service market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The oil and gas security and service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting oil and gas security and service market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the oil and gas security and service market in these regions.

MARKET PLAYERS

The reports cover key developments in the oil and gas security and service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from oil and gas security and service market are anticipated to lucrative growth opportunities in the future with the rising demand for oil and gas security and service market. Below mentioned is the list of few companies engaged in the oil and gas security and service market.

The report also includes the profiles of key oil and gas security and service market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  ABB
  
•  Al Safina Security
  
•  Athos Group, LLC
  
•  Cisco Systems, Inc.
  
•  Honeywell International Inc.
  
•  Intel Corporation
  
•  Microsoft Corporation
  
•  Schneider Electric
  
•  Siemens AG
  
•  Waterfall Security Solutions Ltd
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Oil and Gas Security and Service Report Scope