Oil and Gas Security and Service Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Oil & gas security and service redefine the strength of encryption and authentication capabilities by providing effective and enhanced network protections to anticipate and eliminate possible cyber-attacks to oil & gas facilities worldwide. The security of the operational technology (OT) such as supervisory control and data acquisition (SCADA) and distributed control system (DCS) of the infrastructure of oil & gas industry from cyber-attacks and data theft is known as oil & gas security. Oil & gas security and services include physical and network defense across both projects, offshore and onshore. Monitoring systems have empowered issues to be identified and have helped to identify solutions in a shorter time cycle. Rise in need for energy supply is creating pressure on governments to draw up regulatory plans for the oil & gas physical protection framework. Increase in cyber-attacks by oil & gas firms on the operational technology (OT) raises the need for market protection. In addition, surge in need for energy supply is creating pressure on governments to draw up regulatory plans for the oil & gas physical protection framework. 


Market scope and structure analysis

                           Report Metric


  Market size available for years


  Base year considered


  Forecast period


  Forecast unit

  Value (USD)

  Segments covered

   Type, Application, and Region

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and the Rest of LAMEA)

  Companies covered

Intel Corporation, Siemens AG, Honeywell International Inc., Cisco Systems Inc., Symantec Corporation, Lockheed Martin Corporation, Thales Group, Johnson Controls, Microsoft Corporation, and Parsons Corporation


Key drivers of global oil & gas security and service market

The growth of the global oil & gas security and services industry is driven by rise in government legislation to ensure safety at all levels of oil & gas exploration, refining, transportation, and storage. Governments have developed numerous cyber management policies and legislation and procedures to ensure optimal protection in the oil & gas sector. This has further led to growth of the global oil & gas security and services market. Increase in expenditure on network and operational technology security by oil & gas companies and increase in trend in security and vulnerability management have boosted the growth of the market. Moreover, rise in trend of bring-your-own-device and political chaos in the Middle East fuel the market growth.    

Market scenario: opportunities and challenges

Remote sensing and monitoring are the latest technologies used for the defense and distribution of oil & gas in the global market. Monitoring of pipes from a remote area, including explosions and leakages and other facilities may be accomplished. Remote monitoring has enabled real-time reservoir management. Remote tracking is carried out for onshore as well as offshore applications. Companies have invested in newer IT infrastructure and solutions to ensure optimum oil & gas security. With rise in the implementation of bring-your-own-device in oil & gas companies and the development of highly sophisticated cyber-attacks on oil & gas facilities, the need for oil & gas defense applications and services is projected to play a crucial role in stimulating growth of the industry. However, lack of knowledge of the latest oil & gas safety and services offerings, notably among developing economies, acts as a key restraining factor of the market. Another major factor restraining market growth is high operating costs.

Key segments covered




  • Physical Security
  • Network Security
  • Risk Management Service
  • System Design, Integration, & Consulting
  • Managed Service


  • Exploration & Drilling
  • Refining and Storage Area
  • Pipeline, Transportation, and Distribution


COVID-19 scenario analysis

The global oil & gas security and service market is expected to witness decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output of oil & gas industry. This pandemic situation is likely to further slowdown the world’s economic development. With the slowdown in the economic growth, the oil & gas security and service industry are anticipated to witness negative impacts.

Key benefits of the report

  • This study presents the analytical depiction of the global oil & gas security and service industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global oil & gas security and service market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global Oil and gas security and service market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global oil & gas security and service market research report:

  • Which are the leading market players active in the global oil & gas security and service market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.


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