The oil and gas security and servicemarket is expected to grow USD 29.80 billion in 2020 to USD43.76 billion by 2028, at a CAGR of 4.92% during the forecast period 2021-2028.
Oil and gas security is designated as the process of securing the oil and gas operational sectors, particularly downstream, upstream, and midstream, utilizing the severe web and physical security measures to assure operational effectiveness and reduce losses linked with protection breaches. It deals with physical and web security over both onshore & offshore operations.
The factors driving the market are the growing cyber disruptions in the Middle East, expanded expenditure by oil and gas companies on the physical and web security, demand to assure compliance among industry regulations, growing trend of bring your own device (BYOD), increased concerns of safety compliance, terrorist attacks, and high-profile cyber-attacks. The factors restraining the market growth are high reliance on existing safety solutions and the risk associated with the shadow IT infrastructure. The opportunities for market growth are the adoption of cloud technologies in the oil and gas security market and the rise in the adoption of the internet of things (IoT). The market growth challenges are the difficulty in executing comprehensive safety solutions in multisite amenities and the lack of awareness and safety training within the oil and gas industry.
This study delivers a comprehensive analysis of component, security type, operation, and region. The component segment includes services and solutions. The services segment is further sub-segmented into system design, risk management services, integration, and consulting, and managed services. The managed services segment held the largest market share in 2020 due to increasing levels of terrorist activities and cyber-attacks that have made it complicated for most oil and gas organizations to manage the safety of their infrastructure. Additionally, the managed services help companies concentrate more on the core purposes of the oil and gas business. The security type segment includes network security and cyber security. The network security segment held the largest market share in 2020, owing to the increase in cyber-attacks due to the rise in Internet of Things (IoT) technologies. Further, the refineries and storage areas for oil and gas are high-security zones. They are typically placed in areas out of bounds for accidental visitors, and the employees handling the daily affairs of refineries are highly skilled in following security norms. The operation segment includes downstream, midstream, and upstream. The midstream segment held the largest market share in 2020, owing to the generating a humungous quantity of data by pipelines and other storage amenities. Additionally, transportation and logistics are the foremost aspects of the midstream operation.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share due to the developed infrastructure & technological advancements and innovative solutions through the key vendors in the region. The Asia Pacific is expected to witness significant growth due to the increasing at a higher rate due to the rising adoption of the different safety solutions over the oil and gas industry. Additionally, the developments concerning refineries are also working on the need for safety solutions for these amenities is anticipated the market growth. However, The Middle East and Africa will register the highest growth for the projection period due to the increasing protesters in the region coupled with rising terrorism.
Some of the notable players in the market are Symantec,Cisco Systems, Honeywell,United Technologies, Siemens,Intel Security,Intel Security, Microsoft, Waterfall Security, Lockheed Martin, ABB, and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis ByComponent
4.3.2. Market Attractiveness Analysis By Security Type
4.3.3. Market Attractiveness Analysis By Operation
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing cyber instability in Middle East
5.2.2. Need to ensure compliance with industry regulations
5.2.3. Rising trend of protection and vulnerability management
5.3. Restraints
5.3.1. High reliance on existing security solutions
5.4. Opportunities
5.4.1. Adoption of cloud technologies
5.5. Challenges
5.5.1. Difficulty in executing comprehensive safety solutions in multisite amenities
6. Global Oil And Gas Security And Service Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Services
6.2.1. System Design
6.2.2. Risk Management Services
6.2.3. Integration And Consulting
6.2.4. Managed Services
6.3. Solutions
7. Global Oil And Gas Security And Service Market Analysis and Forecast, By Security Type
7.1. Segment Overview
7.2. Network Security
7.3. Cyber Security
8. Global Oil And Gas Security And Service Market Analysis and Forecast, By Operation
8.1. Segment Overview
8.2. Downstream
8.3. Midstream
8.4. Upstream
9. Global Oil And Gas Security And Service Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Oil And Gas Security And Service Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Oil And Gas Security And Service Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Symantec
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company ProductPortfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Cisco Systems Honeywell
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company ProductPortfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. United Technologies
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company ProductPortfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Siemens
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Intel Security
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company ProductPortfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Microsoft
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company ProductPortfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Waterfall Security
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company ProductPortfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Lockheed Martin
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. ABB
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
List of Table
1. Global Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
2. Global Services, Oil And Gas Security And Service Market, By Region, 2021-2028 (USD Billion)
3. Global Solutions, Oil And Gas Security And Service Market, By Region, 2021-2028 (USD Billion)
4. Global Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
5. Global Network Security, Oil And Gas Security And Service Market, By Region, 2021-2028 (USD Billion)
6. Global Cyber Security, Oil And Gas Security And Service Market, By Region, 2021-2028 (USD Billion)
7. Global Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
8. GlobalDownstream, Oil And Gas Security And Service Market, By Region, 2021-2028 (USD Billion)
9. Global Midstream, Oil And Gas Security And Service Market, By Region, 2021-2028 (USD Billion)
10. Global Upstream, Oil And Gas Security And Service Market, By Region, 2021-2028 (USD Billion)
11. North America Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
12. North America Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
13. North America Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
14. U.S. Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
15. U.S. Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
16. U.S. Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
17. Canada Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
18. Canada Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
19. Canada Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
20. Mexico Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
21. Mexico Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
22. Mexico Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
23. Europe Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
24. Europe Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
25. Europe Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
26. Germany Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
27. Germany Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
28. Germany Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
29. France Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
30. France Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
31. France Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
32. U.K. Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
33. U.K. Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
34. U.K. Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
35. Italy Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
36. Italy Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
37. Italy Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
38. Spain Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
39. Spain Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
40. Spain Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
41. Asia Pacific Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
42. Asia Pacific Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
43. Asia Pacific Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
44. Japan Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
45. Japan Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
46. Japan Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
47. China Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
48. China Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
49. China Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
50. India Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
51. India Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
52. India Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
53. South America Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
54. South America Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
55. South America Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
56. Brazil Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
57. Brazil Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
58. Brazil Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
59. Middle East and Africa Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
60. Middle East and Africa Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
61. Middle East and Africa Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
62. UAE Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
63. UAE Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
64. UAE Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
65. South Africa Oil And Gas Security And Service Market, By Component, 2021-2028 (USD Billion)
66. South Africa Oil And Gas Security And Service Market, By Security Type, 2021-2028 (USD Billion)
67. South Africa Oil And Gas Security And Service Market, By Operation, 2021-2028 (USD Billion)
List of Figures
1. Global Oil And Gas Security And Service Market Segmentation
2. Global Oil And Gas Security And Service Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Oil And Gas Security And Service Market Attractiveness Analysis By Component
9. Global Oil And Gas Security And Service Market Attractiveness Analysis By Security Type
10. Global Oil And Gas Security And Service Market Attractiveness Analysis By Operation
11. Global Oil And Gas Security And Service Market Attractiveness Analysis By Region
12. Global Oil And Gas Security And Service Market: Dynamics
13. Global Oil And Gas Security And Service Market Share By Component(2021&2028)
14. Global Oil And Gas Security And Service Market Share by Security Type (2021&2028)
15. Global Oil And Gas Security And Service Market Share by Operation (2021 & 2028)
16. Global Oil And Gas Security And Service Market Share by Regions (2021&2028)
17. Global Oil And Gas Security And Service Market Share by Company (2020)
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