Rise in trend of BYOD in the oil & gas sector, surge in digitization of operational technology (OT) in the upstream segment in oil & gas, and increase in political commotion in the Middle Eastern countries are expected to create lucrative opportunities for the market players. Evolving cyber threats to critical technological infrastructures, growing government regulations, and rise within the level of sophisticated cyber-attacks drive the growth of the global oil & gas security market. 

Key market players – Siemens AG, Cisco Systems, Inc., Honeywell Corporation, Inc., Symantec Corporation, Intel Corporation, Corporation, Microsoft Corporation, General Electric, Lockheed Martin Corporation, and ABB Ltd.

The global oil & gas security market was pegged at $23.14 billion in 2016, and is expected to garner $36.01 billion by 2023, growing at a CAGR of 6.7% from 2017 to 2023.

The global oil & gas security market is segmented on the basis of component, security system, application, and geography. Based on component, the market is divided into software and service. The software segment held the largest share in 2016, and is expected to register a CAGR of 6.1% during the forecast period.

Based on security system, the market is divided into cybersecurity, security service, command & control, screening & detection, surveillance, access control, and perimeter security. The surveillance segment held the largest share in 2016, and is expected to maintain its dominance throughout the study period. Moreover, the segment is anticipated to register a CAGR of 6.1% during the forecast period.

Download Sample Report (Get Full Insights in PDF – 170 Pages) at:

https://www.alliedmarketresearch.com/request-sample/3914

On the basis of application, the market is divided into exploring & drilling, transportation, pipelines, distribution & retail service, and others. The exploring & drilling segment held the largest share in 2016, and is expected to dominate the market throughout the forecast period. Moreover, the segment is estimated to portray a CAGR of 8.4% during the study period.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3914

Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Leave a comment

Your email address will not be published. Required fields are marked *