Oil and Gas Security Market Report: Trends, Forecast and Competitive Analysis to 2030

Oil and Gas Security Trends and Forecast

The future of the global oil and gas security market looks promising with opportunities in the exploring and drilling, transportation, pipeline, and distribution & retail service applications. The global oil and gas security market is expected to reach an estimated $41.5 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing cases of cyber-attacks in this sector and rising adoption of cloud technologies & online platforms.

A more than 150-page report is developed to help in your business decisions.

Oil and Gas Security by Segment

The study includes a forecast for the global oil and gas security by component, security type, application, and region.

Oil and Gas Security Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Software
• Services

Oil and Gas Security Market by Security Type [Shipment Analysis by Value from 2018 to 2030]:

• Cyber Security
• Operational Security
• Command and Control
• Screening and Detection
• Surveillance
• Access Control
• Perimeter Security
• Others

Oil and Gas Security Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Exploring and Drilling
• Transportation
• Pipelines
• Distribution and Retail Services
• Others

Oil and Gas Security Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Oil and Gas Security Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies oil and gas security companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the oil and gas security companies profiled in this report include-

• ABB
• Cisco Systems
• General Electric
• Honeywell International
• Intel

Oil and Gas Security Market Insights

Lucintel forecasts that software will remain the larger segment over the forecast period due to its advanced features to detect, prevent, and respond to security threats effectively.

Within this market, exploring and drilling will remain the largest segment due to rising demand for comprehensive security solutions to protect critical infrastructure, personnel, and assets involved in these application.

North America is expected to witness highest growth over the forecast period due to presence of key oil and gas security and service providers in the region.

Features of the Global Oil and Gas Security Market

Market Size Estimates: Oil and gas security market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Oil and gas security market size by component, security type, application, and region in terms of value ($B).

Regional Analysis: Oil and gas security market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, security types, applications, and regions for the oil and gas security market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the oil and gas security market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the oil and gas security market size?

Answer: The global oil and gas security market is expected to reach an estimated $41.5 billion by 2030.

Q2. What is the growth forecast for oil and gas security market?

Answer: The global oil and gas security market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the oil and gas security market?

Answer: The major drivers for this market are growing cases of cyber-attacks in this sector and rising adoption of cloud technologies & online platforms.

Q4. What are the major segments for oil and gas security market?

Answer: The future of the oil and gas security market looks promising with opportunities in the exploring and drilling, transportation, pipeline, and distribution & retail service applications.

Q5. Who are the key oil and gas security market companies?

Answer: Some of the key oil and gas security companies are as follows:

• ABB
• Cisco Systems
• General Electric
• Honeywell International
• Intel

Q6. Which oil and gas security market segment will be the largest in future?

Answer: Lucintel forecasts that software will remain the larger segment over the forecast period due to its advanced features to detect, prevent, and respond to security threats effectively.

Q7. In oil and gas security market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to presence of key oil and gas security and service providers in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the oil and gas security market by component (software and services), security type (cyber security, operational security, command and control, screening and detection, surveillance, access control, perimeter security, and others), application (exploring and drilling, transportation, pipelines, distribution and retail services, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?