Oil and Gas Security market: by Challenges, Regional Outlook, Competitive Strategies and Forecast till 2020
Oil and gas security and service redefines the power of security and authentication capabilities by providing effective and better network security to predict and mitigate potential cyber threats to oil and gas installations across the globe.
(EMAILWIRE.COM, August 08, 2018 ) The oil and gas security 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. Oil and gas security and service redefines the power of security and authentication capabilities by providing effective and better network security to predict and mitigate potential cyber threats to oil and gas installations across the globe. The report aims at estimating the market size and future growth potential of oil and gas security and service market across different segments such as application, service, service type, and region. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020. With the rise in Bring Your Own Device (BYOD) adoption in oil and gas enterprises and the growth of highly sophisticated cyber-attacks on oil and gas installations, the need for oil and gas security applications and services is expected to play a key role in fueling the growth of the market in the next 5 years.
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North America accounts for the largest market share of 35.29% of the overall oil and gas security market in 2015, followed by Europe. This is due to the faster adoption rates of oil and gas security solutions by organizations in the region to streamline business operations, vulnerability management, and privacy risk management and improve business continuity management. Emerging advancements in technology and the increasing demand for stricter security and authentication processes to protect sensitive data are the major factors driving the market in North America.
Companies such as Intel Security, Symantec Corporation, Honeywell International, Inc., Microsoft Corporation, Siemens AG, and UTC are upgrading legacy systems of enterprises with new innovative oil and gas security solutions in the Asia-Pacific (APAC) region.
Some of the crucial factors that restrain the oil and gas security market are existing base of oil and gas security solutions and the risk associated with the Shadow IT infrastructure. Most of the oil and gas enterprises are slowly moving toward the deployment of physical and network security solutions, whereas a major chunk of enterprises relies on the existing security solutions involving simple biometrics or a username and password. Most of the enterprises are concerned with the handling of sensitive organizational content and are very serious regarding the data access policies. The threat of Shadow IT is growing due to the increasing usage of smartphones at work. The significant adoption of BYOD has increased the vulnerability of the sensitive data in an enterprise and concerns of identity theft. The market consists of major players such as ABB, Intel Security, Symantec Corporation, Cisco Systems, Inc., Honeywell International, Inc., Lockheed Martin Corporation, Microsoft Corporation, Siemens AG, UTC, and Waterfall Security Solutions. Most of these companies are striving to provide highly sophisticated surveillance and security products tailor-made for the oil and gas enterprises and the demand for oil and gas security products is going to witness traction in the coming period.
To Know More About Oil and Gas Security Market @
https://www.marketsandmarkets.com/Market-Reports/oil-gas-security-market-1183.html
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1183
North America accounts for the largest market share of 35.29% of the overall oil and gas security market in 2015, followed by Europe. This is due to the faster adoption rates of oil and gas security solutions by organizations in the region to streamline business operations, vulnerability management, and privacy risk management and improve business continuity management. Emerging advancements in technology and the increasing demand for stricter security and authentication processes to protect sensitive data are the major factors driving the market in North America.
Companies such as Intel Security, Symantec Corporation, Honeywell International, Inc., Microsoft Corporation, Siemens AG, and UTC are upgrading legacy systems of enterprises with new innovative oil and gas security solutions in the Asia-Pacific (APAC) region.
Some of the crucial factors that restrain the oil and gas security market are existing base of oil and gas security solutions and the risk associated with the Shadow IT infrastructure. Most of the oil and gas enterprises are slowly moving toward the deployment of physical and network security solutions, whereas a major chunk of enterprises relies on the existing security solutions involving simple biometrics or a username and password. Most of the enterprises are concerned with the handling of sensitive organizational content and are very serious regarding the data access policies. The threat of Shadow IT is growing due to the increasing usage of smartphones at work. The significant adoption of BYOD has increased the vulnerability of the sensitive data in an enterprise and concerns of identity theft. The market consists of major players such as ABB, Intel Security, Symantec Corporation, Cisco Systems, Inc., Honeywell International, Inc., Lockheed Martin Corporation, Microsoft Corporation, Siemens AG, UTC, and Waterfall Security Solutions. Most of these companies are striving to provide highly sophisticated surveillance and security products tailor-made for the oil and gas enterprises and the demand for oil and gas security products is going to witness traction in the coming period.
To Know More About Oil and Gas Security Market @
https://www.marketsandmarkets.com/Market-Reports/oil-gas-security-market-1183.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results