Research and Markets: Global Oil and Gas Security and Service Market Report - Application, Security Type, Service type, Region - Forecasts & Analysis to 2020
Research and Markets (http://www.researchandmarkets.com/research/tfpb75/oil_and_gas)
has announced the addition of the "Oil
and Gas Security and Service Market - Global Forecast & Analysis to 2020"
report to their offering.
The growth in high-profile and sophisticated cyber-attacks on oil and
gas installations is fueling the growth of oil and gas security
The oil and gas security and service market size is estimated to grow
from USD 26.34 billion in 2015 to USD 33.90 billion by 2020, at an
estimated Compound Annual Growth Rate (CAGR) of 5.2% from 2015 to 2020.
The oil and gas security and service market is driven by factors such as
rise in the sophistication level of security breaches, growing
government regulations and standards for cyber security.
The exploration and drilling applications in the oil and gas sector are
witnessing remarkable growth attributed to the increased need for
network security solutions.
The exploration and drilling applications are estimated to contribute
the largest market share during the forecast period. Greater investment
of IT security infrastructure by oil and gas enterprises, pipeline,
transportation, and distribution is expected to gain traction and grow
at the highest CAGR in the next 5 years. Risk management services are
expected to grow with the highest rate from 2015 to 2020. However,
managed services are expected to contribute the largest market share
during the forecast period.
In the process of determining and verifying the market size for several
segments and subsegments gathered through secondary research, extensive
primary interviews were conducted.
As there is an increase in the Bring Your Own Device (BYOD) penetration
in the oil and gas sector as well as there is a growth in online data
sharing, the security market in oil and gas sector offers tremendous
upcoming growth opportunities during the next 5 years. Furthermore, the
organizations are also turning toward managed services to ensure a
balanced and proactive security standpoint.
The key oil and gas security vendors profiled in the report are:
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Oil and Gas Security Market Analysis, By Application
8 Oil and Gas Security Service Market Analysis, By Service Type
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
12 Key Innovator Profiles
- Cisco Systems, Inc.
- CNL Software
- Hermes Datacomms
- Honeywell International Inc.
- Intel Security
- Lockheed Martin Corporation
- Microsoft Corporation
- Rapiscan Systems
- Siemens AG
- Symantec Corporation
- Synectic Systems Group
- United Technologies Corporation (UTC)
- Waterfall Security Solutions
For more information visit http://www.researchandmarkets.com/research/tfpb75/oil_and_gas
View source version on businesswire.com: http://www.businesswire.com/news/home/20151204005381/en/
Copyright Business Wire 2015
Source: Business Wire
(December 4, 2015 - 8:25 AM EST)
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