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Global Oil and Gas Security and Service Market to reach USD 36.2 billion by 2027

Global Oil and Gas Security and Service Market Size study, by Component (Solutions, Services), by Services (Risk Management Services, System Design, Integration, and Consulting, Managed Services), by Security Type ( Physical Security, Network Security), by Operation ( Upstream, Midstream, Downstream) and Regional Forecasts 2020-2027

Product Code: CAMOAGI_33182190
Publish Date: 18-02-2020
Page: 200

Global Oil and Gas Security and Service Market is valued approximately at USD 24.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.2 % over the forecast period 2020-2027. Oil and gas security and services include a variety of processes in the oil and gas operating sectors, namely midstream, downstream and upstream, which are protected with the help of a rigid network and physical security measures. The market for oil and gas security and services is attributed to increasing government legislation to ensure security at all phases of oil and gas exploration, processing, transport and storage. Governments have developed a number of cyber security strategies and policies and frameworks to ensure optimum security in the oil and gas sector. This has led to an increase in the global market for oil and gas security and services. Enhanced expenditure by oil and gas companies on network and physical security is further contributing towards the market growth. Whereas, high reliance on existing security solutions is expected to inhibit the market growth. Apart from this, the key players of global Oil and Gas Security and Service market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In July 2019 Cisco purchased Sentryo, an Industrial Control Systems (ICS) network monitoring and security technology provider. By combining the capabilities of Sentryo with its network architecture, Cisco can bring the benefits of IoT to the oil and gas sector. Similarly, Honeywell unveiled a new wired gas detector in June 2018 which ultrasonically listens for leaks, complementing fixed gas detectors to help protect staff and facilities against deadly toxic and explosive gas leaks.

The regional analysis of global Oil and Gas Security and Service market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing has been at the forefront in adopting oil and gas security solutions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as thriving oil and gas industry in the region has led to a surge in demand for oil and gas security and services this would create lucrative growth prospects for the Oil and Gas Security and Service market across Asia-Pacific region.

Major market player included in this report are:
Cisco
Honeywell
Siemens
Microsoft
Nortonlifelock
Lockheed Martin
Waterfall Security Solutions
ABB
Parsons
Fortinet

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
By Services:
Risk Management Services
System Design, Integration, and Consulting
Managed Services
By Security Type:
Physical Security
Network Security
By Operation:
Upstream
Midstream
Downstream

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Oil and Gas Security and Service Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Oil and Gas Security and Service Market, by Region, 2018-2027 (USD Billion)
1.2.2. Oil and Gas Security and Service Market, by Component, 2018-2027 (USD Billion)
1.2.3. Oil and Gas Security and Service Market, by Services, 2018-2027 (USD Billion)
1.2.4. Oil and Gas Security and Service Market, by Security Type, 2018-2027 (USD Billion)
1.2.5. Oil and Gas Security and Service Market, by Operation, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Oil and Gas Security and Service Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Oil and Gas Security and Service Market Dynamics
3.1. Oil and Gas Security and Service Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Oil and Gas Security and Service Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Oil and Gas Security and Service Market, by Component
5.1. Market Snapshot
5.2. Global Oil and Gas Security and Service Market by Component, Performance – Potential Analysis
5.3. Global Oil and Gas Security and Service Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Oil and Gas Security and Service Market, Sub Segment Analysis
5.4.1. Solutions
5.4.2. Services
Chapter 6. Global Oil and Gas Security and Service Market, by Services
6.1. Market Snapshot
6.2. Global Oil and Gas Security and Service Market by Services, Performance – Potential Analysis
6.3. Global Oil and Gas Security and Service Market Estimates & Forecasts by Services 2017-2027 (USD Billion)
6.4. Oil and Gas Security and Service Market, Sub Segment Analysis
6.4.1. Risk Management Services
6.4.2. System Design, Integration, and Consulting
6.4.3. Managed Services
Chapter 7. Global Oil and Gas Security and Service Market, by Security Type
7.1. Market Snapshot
7.2. Global Oil and Gas Security and Service Market by Security Type, Performance – Potential Analysis
7.3. Global Oil and Gas Security and Service Market Estimates & Forecasts by Security Type2017-2027 (USD Billion)
7.4. Oil and Gas Security and Service Market, Sub Segment Analysis
7.4.1. Physical Security
7.4.2. Network Security
Chapter 8. Global Oil and Gas Security and Service Market, by Operation
8.1. Market Snapshot
8.2. Global Oil and Gas Security and Service Market by Operation, Performance – Potential Analysis
8.3. Global Oil and Gas Security and Service Market Estimates & Forecasts by Operation 2017-2027 (USD Billion)
8.4. Oil and Gas Security and Service Market, Sub Segment Analysis
8.4.1. Upstream
8.4.2. Midstream
8.4.3. Downstream

Chapter 9. Global Oil and Gas Security and Service Market, Regional Analysis
9.1. Oil and Gas Security and Service Market, Regional Market Snapshot
9.2. North America Oil and Gas Security and Service Market
9.2.1. U.S. Oil and Gas Security and Service Market
9.2.1.1. Component breakdown estimates & forecasts, 2017-2027
9.2.1.2. Services breakdown estimates & forecasts, 2017-2027
9.2.1.3. Security Type breakdown estimates & forecasts, 2017-2027
9.2.1.4. Operation breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Oil and Gas Security and Service Market
9.3. Europe Oil and Gas Security and Service Market Snapshot
9.3.1. U.K. Oil and Gas Security and Service Market
9.3.2. Germany Oil and Gas Security and Service Market
9.3.3. France Oil and Gas Security and Service Market
9.3.4. Spain Oil and Gas Security and Service Market
9.3.5. Italy Oil and Gas Security and Service Market
9.3.6. Rest of Europe Oil and Gas Security and Service Market
9.4. Asia-Pacific Oil and Gas Security and Service Market Snapshot
9.4.1. China Oil and Gas Security and Service Market
9.4.2. India Oil and Gas Security and Service Market
9.4.3. Japan Oil and Gas Security and Service Market
9.4.4. Australia Oil and Gas Security and Service Market
9.4.5. South Korea Oil and Gas Security and Service Market
9.4.6. Rest of Asia Pacific Oil and Gas Security and Service Market
9.5. Latin America Oil and Gas Security and Service Market Snapshot
9.5.1. Brazil Oil and Gas Security and Service Market
9.5.2. Mexico Oil and Gas Security and Service Market
9.6. Rest of The World Oil and Gas Security and Service Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Cisco
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Component Summary
10.2.1.5. Recent Developments
10.2.2. Honeywell
10.2.3. Siemens
10.2.4. Microsoft
10.2.5. Nortonlifelock
10.2.6. Lockheed Martin
10.2.7. Waterfall Security Solutions
10.2.8. ABB
10.2.9. Parsons
10.2.10. Fortinet

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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