Market Overview:
The global oil and gas security and service market is expected to grow from USD 9.02 billion in 2018 to USD 15.06 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe, rising concerns over energy security, and growing investments in oil & gas infrastructure projects. The risk management service segment is expected to hold the largest share of the global oil and gas security and service market during the forecast period. This can be attributed to the increasing demand for risk management services due to volatility in crude prices and geopolitical risks across different regions.
Product Definition:
Oil and gas security and service provides physical security, cyber security, and emergency management services to the oil and gas industry. The importance of oil and gas security is that it protects the critical infrastructure of the oil and gas industry.
Risk Management Service:
Risk management service is a combination of insurance and consulting services that help companies mitigate risk, control cost, and improve profitability. It helps in identifying opportunities to optimize business processes through the identification of efficient strategies for managing risks. The global RMRS market was valued at USD 2.72 billion in 2015 owing to its increasing demand from oil & gas sector which is projected to grow further over the forecast period due to rising security concerns among organizations coupled with regulatory compliances.
System Design, Integration, and Consulting:
System design, integration and consulting are services provided to oil & gas companies for a single project or on an as-needed basis. The main objective of these services is to help the client in achieving efficiency and effectiveness in their business operations. It helps them improve the overall performance of their company by streamlining processes, thereby increasing profitability.
The global market size was valued at USD 2,750 million in 2016.
Application Insights:
The global oil and gas security and service market has been segmented into exploration and drilling, refining and storage, pipeline, transportation, distribution & logistics (D&L), upstream operations & maintenance (O&M), midstream operations & maintenance (O&M), downstream operations & maintenance (O&M) as well as project management. The D&L segment accounted for the largest revenue share in 2017. This is attributed to the growing need for developing new sources of hydrocarbons with higher recoveries across various regions worldwide.
Global oil and gas security.
The upstream O&M segment is anticipated to witness a lucrative growth rate over the forecast period owing to its crucial nature in ensuring efficient production from existing wells or fields.
Regional Analysis:
North America dominated the global market in 2017, owing to the presence of a large number of oil and gas producing companies in this region. The U.S., being an energy-rich nation, is one of the prominent consumers of security services related to energy infrastructure. However, Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to increasing investments by various oil and gas producing countries such as China and India for developing their domestic oil & gas industry with minimal risk involved. Moreover, growing demand for LNG globally will propel growth further.
The Middle East region poses significant risks associated with its critical infrastructure owing to several geopolitical factors that can result in any kind of scenario from terrorism or civil unrest which can ultimately lead into a shutdown down operations leading into economic losses or even complete loss associated with production facilities and pipelines resulting into huge financial penalties or payments made by customers/taxpayers etc.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Proliferation of terrorist activities and insurgencies in oil-producing regions, which has led to an increase in spending on security by energy companies
- Rising prices of crude oil, which has made exploration and production (E&P) more profitable and increased the need for security services
- Development of new technologies that can help identify potential threats to energy infrastructure early
- Growing awareness among energy companies about the importance of securing their assets against potential threats
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Security and Service Market Research Report
By Type
Risk Management Service, System Design, Integration, and Consulting, Managed Service
By Application
Exploration and Drilling, Refining and Storage Area, Pipeline, Transportation, and Distribution
By Companies
Honeywell, Intel Security, Microsoft, Siemens, Symantec, ABB, Cisco Systems, Lockheed Martin, United Technologies, Waterfall Security
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Security and Service Market Report Segments:
The global Oil and Gas Security and Service market is segmented on the basis of:
Types
Risk Management Service, System Design, Integration, and Consulting, Managed Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Exploration and Drilling, Refining and Storage Area, Pipeline, Transportation, and Distribution
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Intel Security
- Microsoft
- Siemens
- Symantec
- ABB
- Cisco Systems
- Lockheed Martin
- United Technologies
- Waterfall Security
Highlights of The Oil and Gas Security and Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Risk Management Service
- System Design, Integration, and Consulting
- Managed Service
- By Application:
- Exploration and Drilling
- Refining and Storage Area
- Pipeline, Transportation, and Distribution
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil and Gas Security and Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil and gas security and service is a comprehensive suite of services that helps companies protect their assets, reduce risks, and improve operations. These services include risk assessment, asset protection, incident response planning, compliance monitoring, and more.
Some of the major players in the oil and gas security and service market are Honeywell, Intel Security, Microsoft, Siemens, Symantec, ABB, Cisco Systems, Lockheed Martin, United Technologies, Waterfall Security.
The oil and gas security and service market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Security and Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil and Gas Security and Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil and Gas Security and Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil and Gas Security and Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil and Gas Security and Service Market Size & Forecast, 2018-2028
4.5.1 Oil and Gas Security and Service Market Size and Y-o-Y Growth
4.5.2 Oil and Gas Security and Service Market Absolute $ Opportunity
Chapter 5 Global Oil and Gas Security and Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oil and Gas Security and Service Market Size Forecast by Type
5.2.1 Risk Management Service
5.2.2 System Design
5.2.3 Integration
5.2.4 and Consulting
5.2.5 Managed Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil and Gas Security and Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oil and Gas Security and Service Market Size Forecast by Applications
6.2.1 Exploration and Drilling
6.2.2 Refining and Storage Area
6.2.3 Pipeline
6.2.4 Transportation
6.2.5 and Distribution
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Security and Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil and Gas Security and Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oil and Gas Security and Service Analysis and Forecast
9.1 Introduction
9.2 North America Oil and Gas Security and Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oil and Gas Security and Service Market Size Forecast by Type
9.6.1 Risk Management Service
9.6.2 System Design
9.6.3 Integration
9.6.4 and Consulting
9.6.5 Managed Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oil and Gas Security and Service Market Size Forecast by Applications
9.10.1 Exploration and Drilling
9.10.2 Refining and Storage Area
9.10.3 Pipeline
9.10.4 Transportation
9.10.5 and Distribution
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oil and Gas Security and Service Analysis and Forecast
10.1 Introduction
10.2 Europe Oil and Gas Security and Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oil and Gas Security and Service Market Size Forecast by Type
10.6.1 Risk Management Service
10.6.2 System Design
10.6.3 Integration
10.6.4 and Consulting
10.6.5 Managed Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oil and Gas Security and Service Market Size Forecast by Applications
10.10.1 Exploration and Drilling
10.10.2 Refining and Storage Area
10.10.3 Pipeline
10.10.4 Transportation
10.10.5 and Distribution
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oil and Gas Security and Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil and Gas Security and Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oil and Gas Security and Service Market Size Forecast by Type
11.6.1 Risk Management Service
11.6.2 System Design
11.6.3 Integration
11.6.4 and Consulting
11.6.5 Managed Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oil and Gas Security and Service Market Size Forecast by Applications
11.10.1 Exploration and Drilling
11.10.2 Refining and Storage Area
11.10.3 Pipeline
11.10.4 Transportation
11.10.5 and Distribution
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oil and Gas Security and Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil and Gas Security and Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oil and Gas Security and Service Market Size Forecast by Type
12.6.1 Risk Management Service
12.6.2 System Design
12.6.3 Integration
12.6.4 and Consulting
12.6.5 Managed Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oil and Gas Security and Service Market Size Forecast by Applications
12.10.1 Exploration and Drilling
12.10.2 Refining and Storage Area
12.10.3 Pipeline
12.10.4 Transportation
12.10.5 and Distribution
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oil and Gas Security and Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil and Gas Security and Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oil and Gas Security and Service Market Size Forecast by Type
13.6.1 Risk Management Service
13.6.2 System Design
13.6.3 Integration
13.6.4 and Consulting
13.6.5 Managed Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oil and Gas Security and Service Market Size Forecast by Applications
13.10.1 Exploration and Drilling
13.10.2 Refining and Storage Area
13.10.3 Pipeline
13.10.4 Transportation
13.10.5 and Distribution
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil and Gas Security and Service Market: Competitive Dashboard
14.2 Global Oil and Gas Security and Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Intel Security
14.3.3 Microsoft
14.3.4 Siemens
14.3.5 Symantec
14.3.6 ABB
14.3.7 Cisco Systems
14.3.8 Lockheed Martin
14.3.9 United Technologies
14.3.10 Waterfall Security
