Oil and Gas Security Market

Executive Summary

Oil and Gas Security Market was valued at US $29.21 billion in 2021 and is projected to grow at 7.01% CAGR over the forecast period to reach US $43.88 billion by 2027. Oil and Gas Security Market represented US $3.70 billion opportunity over 2019-2021 and estimated to create US $14.66 billion opportunity in 2027 over 2021.

Oil and Gas Security from Consainsights analyses the Oil and Gas Security Market in the Technology & Media industry over the forecast period to 2027.

Oil and Gas Security research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Oil and Gas Security segmentation includes Security Type and Geography.

Based on the Security Type, the Oil and Gas Security analysis covers Network and Cyber Security, Surveillance, Screening and Detection, Others Security Types.

In Security Type segment, Network and Cyber Security segment has highest cagr growth of 6.21%.

Based on the region, the Oil and Gas Security analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include ABB Ltd., Cisco Systems Inc., Honeywell International Inc., Microsoft Corporation, Parsons Corporation, Schneider Electric SE, Siemens AG, Waterfall Security Solutions Ltd and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Security Type

Introduction

In 2021, Network and Cyber Security segment has the highest revenue of US $12.08 billion and is expected to grow at CAGR of 6.21% by 2027 Network and Cyber Security segment has highest cagr growth of 6.21%.

Network and Cyber Security

Network and Cyber Security segment was valued at US $10.55 billion in 2019 and is projected to grow at 6.21% CAGR over the forecast period to reach US $18.14 billion by 2027. Network and Cyber Security segment represented US $1.53 billion opportunity over 2019-2021 and estimated to create US $6.06 billion opportunity in 2027 over 2021.

Surveillance

Surveillance segment was valued at US $7.41 billion in 2019 and is projected to grow at 6.21% CAGR over the forecast period to reach US $12.75 billion by 2027. Surveillance segment represented US $1.08 billion opportunity over 2019-2021 and estimated to create US $4.26 billion opportunity in 2027 over 2021.

Screening and Detection

Screening and Detection segment was valued at US $5.75 billion in 2019 and is projected to grow at 6.21% CAGR over the forecast period to reach US $9.89 billion by 2027. Screening and Detection segment represented US $0.83 billion opportunity over 2019-2021 and estimated to create US $3.30 billion opportunity in 2027 over 2021.

Others Security Types

Others Security Types segment was valued at US $1.80 billion in 2019 and is projected to grow at 6.21% CAGR over the forecast period to reach US $3.09 billion by 2027. Others Security Types segment represented US $0.26 billion opportunity over 2019-2021 and estimated to create US $1.03 billion opportunity in 2027 over 2021.