Worldwide Oil and Gas Security Industry to 2026 - Featuring ABB, Cisco Systems and Honeywell International Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global oil and gas security market exhibited moderate growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of 7.1% during 2021-2026.

Companies Mentioned

• 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

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 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?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Oil and Gas Security Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Component

7 Market Breakup by Security Type

8 Market Breakup by Application

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/7wx5pd