The Oil & Gas Security Market was valued at $ 23,141 million in 2016, and is projected to reach $36,012 million by 2023, growing at a CAGR of 6% during Forecast period.
A full report of Increasing spending on network and OT security by oil and gas companies, as well as an increasing trend in security and vulnerability management, drives the growth of the oil and gas security market. In addition, the growth of the Bring Your Own Device (BYOD) trend and political turmoil in the Middle East are also driving market growth. Increased compliance leads to technical implementation challenges that limit market growth. The increasing adoption of the Internet of Things (IoT) and the demand for Security-as-a-Service (SaaS) create many opportunities in the marketplace. Lack of awareness of oil and gas security, difficulty in implementing cybersecurity for complex OT, and vulnerabilities related to cloud technology challenge the growth of the oil and gas security market
Oil & Gas Security Market is available at: https://www.orionmarketreports.com/oil-gas-security-market/41553/#ert_pane1-0
Oil & Gas Security Market Segmentations
By Component:
• Solution
• 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
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Oil & Gas Security Market Report
• What was the Oil & Gas Security Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Oil & Gas Security Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Oil & Gas Security Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
