Oil and Gas Cybersecurity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region:

Description

The oil and gas industry has joined the digital revolution and is increasingly prioritizing cybersecurity to protect against rising cyberattacks and phishing incidents. With the emergence of next-generation technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT), the likelihood of cybersecurity breaches has grown, prompting companies to adopt a proactive approach to cybersecurity. In response, the oil and gas cybersecurity market is gaining traction as organizations recognize the importance of safeguarding confidential data.

Safety Concerns Propel Demand for Oil and Gas Cybersecurity Solutions

While cybersecurity products can be expensive to implement, the need to ensure safety and protect sensitive information outweighs pricing constraints in the oil and gas industry. Despite declining prices of natural gas and crude oil, safety concerns drive stakeholders to invest in robust cybersecurity measures. The increasing awareness of cybersecurity risks and the potential consequences of breaches are expected to benefit the oil and gas cybersecurity market.

Developed Regions Lead the Way in Oil and Gas Cybersecurity

North America and Europe are the most lucrative regions in the oil and gas cybersecurity market due to their advanced cybersecurity awareness and readiness to adopt the latest technologies. Countries such as the US, Japan, and Germany have experienced significant financial losses due to cybercrime incidents in recent years. High-profile attacks on industry giants like Saudi Aramco and the hacking of oil company data in Norway underscore the severity of the issue. These incidents highlight the need for strong cybersecurity measures to protect global oil supply and the integrity of oil and gas products.

Hacking Risks in Upstream Operations Drive Demand

Cybercrimes are a growing concern across downstream, midstream, and upstream operations in the oil and gas industry. Hackers frequently target upstream data, such as information related to productive oilfields, field surveys, and contract parameters. Manipulated bidding numbers and terminated contracts can result from hacked bids, posing significant risks to the quality of oil and gas products. Cyberattacks, often originating from Chinese and Russian hackers, target distributed control systems, field devices, Open Platform Communications (OPC) servers, and supervisory control and data acquisition systems. Robust cybersecurity measures are crucial to protect these vulnerable systems.

Company Joint Ventures Strengthen Market Position

In the oil and gas cybersecurity market, strategic partnerships and acquisitions play a crucial role in strengthening market position and enhancing cybersecurity capabilities. Recent examples include Saudi Aramco's collaboration with KPMG International to assess cybersecurity compliance among its third-party suppliers, and Parsons Corp.'s acquisition of Braxton Science & Technology Group to bolster its competitive position in the market. Other key players in the oil and gas cybersecurity market profiled in the report include Microsoft Corporation, Symantec Corporation, CISCO Systems, Inc., Intel Corporation, SAP SE, Honeywell Corporation Inc., GE, DXC Technology Company, Siemens AG, and Ernst & Young Global Limited (EY).

1. Executive Summary

1.1. Global Oil & Gas Cybersecurity Market: Snapshot
1.2. Future Projections, 2023 - 2030, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights

2. Market Overview

2.1. Market Definitions and Segmentation
2.2. Market Dynamics
- 2.2.1. Driver
- 2.2.2. Restraint
- 2.2.3. Industry Challenges & Opportunities
2.3. Market Forces Analysis
- 2.3.1. Value Chain Analysis
- 2.3.2. Porters Five Forces Analysis
2.4. Challenges and Solutions
2.5. Supply Chain Impact Analysis
2.6. COVID-19 Impact Analysis
- 2.6.1. Pre and Post Covid-19 Analysis
2.7. Regulatory Scenario
2.8. Economic Analysis

3. Global Oil & Gas Cybersecurity Market Outlook, 2018 - 2030

3.1. Global Oil & Gas Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Solution
    - 3.1.1.1.1. Application Security
    - 3.1.1.1.2. Infrastructure Protection
    - 3.1.1.1.3. End Point Security
    - 3.1.1.1.4. Cloud Security
    - 3.1.1.1.5. Network Security
    - 3.1.1.1.6. Data Security
    - 3.1.1.1.7. Misc.
  - 3.1.1.2. Services
3.2. Global Oil & Gas Cybersecurity Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Upstream
  - 3.2.1.2. Midstream
  - 3.2.1.3. Downstream
3.3. Global Oil & Gas Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. Cloud
  - 3.3.1.2. On-premises
3.4. Global Oil & Gas Cybersecurity Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa
- 3.4.2. Market Attractiveness Analysis

4. North America Oil & Gas Cybersecurity Market Outlook, 2018 - 2030

4.1. North America Oil & Gas Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Solution
    - 4.1.1.1.1. Application Security
    - 4.1.1.1.2. Infrastructure Protection
    - 4.1.1.1.3. End Point Security
    - 4.1.1.1.4. Cloud Security
    - 4.1.1.1.5. Network Security
    - 4.1.1.1.6. Data Security
    - 4.1.1.1.7. Misc.
  - 4.1.1.2. Services
4.2. North America Oil & Gas Cybersecurity Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Upstream
  - 4.2.1.2. Midstream
  - 4.2.1.3. Downstream
4.3. North America Oil & Gas Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Cloud
  - 4.3.1.2. On-premises
4.4. North America Oil & Gas Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S.
  - 4.4.1.2. Canada

5. Europe Oil & Gas Cybersecurity Market Outlook, 2018 - 2030

5.1. Europe Oil & Gas Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Solution
    - 5.1.1.1.1. Application Security
    - 5.1.1.1.2. Infrastructure Protection
    - 5.1.1.1.3. End Point Security
    - 5.1.1.1.4. Cloud Security
    - 5.1.1.1.5. Network Security
    - 5.1.1.1.6. Data Security
    - 5.1.1.1.7. Misc.
  - 5.1.1.2. Services
5.2. Europe Oil & Gas Cybersecurity Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Upstream
  - 5.2.1.2. Midstream
  - 5.2.1.3. Downstream
5.3. Europe Oil & Gas Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Cloud
  - 5.3.1.2. On-premises
5.4. Europe Oil & Gas Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany
  - 5.4.1.2. France
  - 5.4.1.3. U.K.
  - 5.4.1.4. Italy
  - 5.4.1.5. Rest of Europe
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Oil & Gas Cybersecurity Market Outlook, 2018 - 2030

6.1. Asia Pacific Oil & Gas Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Solution
    - 6.1.1.1.1. Application Security
    - 6.1.1.1.2. Infrastructure Protection
    - 6.1.1.1.3. End Point Security
    - 6.1.1.1.4. Cloud Security
    - 6.1.1.1.5. Network Security
    - 6.1.1.1.6. Data Security
    - 6.1.1.1.7. Misc.
  - 6.1.1.2. Services
6.2. Asia Pacific Oil & Gas Cybersecurity Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Upstream
  - 6.2.1.2. Midstream
  - 6.2.1.3. Downstream
6.3. Asia Pacific Oil & Gas Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Cloud
  - 6.3.1.2. On-premises
6.4. Asia Pacific Oil & Gas Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. China
  - 6.4.1.2. Japan
  - 6.4.1.3. South Korea
  - 6.4.1.4. India
  - 6.4.1.5. Rest of Asia Pacific
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Oil & Gas Cybersecurity Market Outlook, 2018 - 2030

7.1. Latin America Oil & Gas Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Solution
    - 7.1.1.1.1. Application Security
    - 7.1.1.1.2. Infrastructure Protection
    - 7.1.1.1.3. End Point Security
    - 7.1.1.1.4. Cloud Security
    - 7.1.1.1.5. Network Security
    - 7.1.1.1.6. Data Security
    - 7.1.1.1.7. Misc.
  - 7.1.1.2. Services
7.2. Latin America Oil & Gas Cybersecurity Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Upstream
  - 7.2.1.2. Midstream
  - 7.2.1.3. Downstream
7.3. Latin America Oil & Gas Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Cloud
  - 7.3.1.2. On-premises
7.4. Latin America Oil & Gas Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil
  - 7.4.1.2. Mexico
  - 7.4.1.3. Rest of Latin America
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Oil & Gas Cybersecurity Market Outlook, 2018 - 2030

8.1. Middle East & Africa Oil & Gas Cybersecurity Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Solution
    - 8.1.1.1.1. Application Security
    - 8.1.1.1.2. Infrastructure Protection
    - 8.1.1.1.3. End Point Security
    - 8.1.1.1.4. Cloud Security
    - 8.1.1.1.5. Network Security
    - 8.1.1.1.6. Data Security
    - 8.1.1.1.7. Misc.
  - 8.1.1.2. Services
8.2. Middle East & Africa Oil & Gas Cybersecurity Market Outlook, by Sector, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Upstream
  - 8.2.1.2. Midstream
  - 8.2.1.3. Downstream
8.3. Middle East & Africa Oil & Gas Cybersecurity Market Outlook, by Deployment Mode, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Cloud
  - 8.3.1.2. On-premises
8.4. Middle East & Africa Oil & Gas Cybersecurity Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC
  - 8.4.1.2. South Africa
  - 8.4.1.3. Rest of Middle East & Africa
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2021
9.2. Competition Matrix (By Tier and Size of companies)
9.3. Strategic Collaborations
- 9.3.1. Joint Ventures
- 9.3.2. Mergers & Acquisitions
9.4. Company Profiles
- 9.4.1. General Electric
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Cisco Systems Inc.
- 9.4.3. ABB Ltd.
- 9.4.4. Microsoft
- 9.4.5. Fortinet Inc.
- 9.4.6. IBM
- 9.4.7. Siemens AG
- 9.4.8. Micro Focus
- 9.4.9. Rockwell Automation Inc.
- 9.4.10. Oracle Corporation
- 9.4.11. Accenture
- 9.4.12. CyberArk
- 9.4.13. Sophos Ltd.

10. Appendix

10.1. Acronyms and Abbreviations
10.2. Research Scope & Assumptions
10.3. Research Methodology and Information Sources