September 4, 2018 - 10:54 AM EDT
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Global Oil & Gas Security Market (2018-2023) Featuring ABB, Cisco Systems, Honeywell Intl, Microsoft, Parsons, Schneider Electric, Siemens, and Waterfall - ResearchAndMarkets.com

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The "Global Oil and Gas Security Market - Segmented by Security Type (Network and Cyber Security, Surveillance, Screening and Detection) and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The oil & gas security market was worth USD 28.32 billion in 2017 and is projected to reach USD 37.2 billion by 2023, growing at a CAGR of 4.65% over the period (2018-2023).

The rising energy demand and depletion of energy resources in recent years has put pressure on companies as well as governments to develop plans for oil and gas security system measures.

Major global oil reserves are situated in conflict zones and transporting these reserves to various parts of the world is the most challenging security task. This has resulted in the integration of oil and gas pipelines and facilities with advanced technological security apparatus.

There are many individual security measures in the market for the protection of rig platforms, pipelines, and other transportation systems. In addition to this, advancements in the market have led to the advent of an integrated system developed for the overall physical security and network security.

Key Highlights

  • Rise in the Level of Sophisticated Cyber-attacks to Drive the Market
  • Rising Demand for Network & Cyber Security to Augment the Growth
  • Rising Demand from Asia-Pacific to Drive the Market

Major Development in the Market

  • Microsoft and Halliburton announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry.

Companies Profiled

  • ABB
  • Cisco Systems Inc.
  • Honeywell International Inc.
  • Microsoft Corporation
  • Parsons Corporation
  • Schneider Electric SE
  • Siemens AG
  • Waterfall

Key Topics Covered

1. Introduction

2. Research Approach & Methodology

3. Executive Summary

4. Market Dynamics

5. Global Oil & Gas Security Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Outlook of Oil & Gas Security Market

For more information about this report visit https://www.researchandmarkets.com/research/hntmh2/global_oil_and?w=4

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Related Topics: Oil


Source: Business Wire (September 4, 2018 - 10:54 AM EDT)

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