Global Oil & Gas Security Market Reflecting a CAGR of 4.67 % during 2018 – 2025

Market Benefits
Global Oil & Gas Security Market valued approximately USD 28.35 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.67% over the forecast period 2018-2025. The Oil & Gas Security Market is continuously growing at significant pace in various regions. The major driving factor of global Oil & Gas Security market are increase in the cyber attacks and growing expenditure oil and gas companies on network & infrastructure protection. In addition, growth in trend of bring your own devices and political chaos also the factors that fuels the market.
The major restraining factor of global oil and gas security market are high implementation cost, increase in regulatory compliance and constant demand for security upgrade. Technological solutions implemented by companies to ensure the security of oil and gas infrastructure such pipeline, refineries and storage is known as oil and gas security. It involves the security of the operational technology such as supervisory control and data acquisition & distributed control system of the infrastructure of the oil and gas industry from the cyber attacks and data theft.
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Key Players:
• Cisco Systems
• Siemens
• Symantec
• Honeywell
• Parsons
• Intel
• General electric
• Microsoft
• ABB
• Lockheed Martin
Target Audience of the Global Oil & Gas Security Market in Market Study:
• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors
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Market Segments:
The regional analysis of Global Oil & Gas Security Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to technological advancements, requirement to reduce the cost of manpower and government regulation . Europe also contributes a satisfactory growth in the global oil and gas security market. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing number of threats due to geopolitical issues.
Regional Analysis:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
Key Highlights
• The study provides an in-depth analysis of the global Oil & Gas Security devices market along with the current trends and future estimations from 2018 to 2025 to elucidate the imminent investment pockets.
• Comprehensive analysis of factors that drive and restrict the market growth is provided.
• Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
• Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
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