Growth Opportunity Analysis of Security in Oil & Gas, 2022–2030

Growth Opportunity Analysis of Security in Oil & Gas, 2022–2030

Future Growth Potential of Security Investments in O&G Infrastructure due to Increasing Threats

RELEASE DATE
21-Dec-2022
REGION
Global
Research Code: PD01-01-00-00-00
SKU: AE01668-GL-MT_27311
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Description

The security of oil and gas (O&G) infrastructures is a priority for the global energy industry. Rising demand for O&G and new facility constructions have boosted the security market growth, as any operational disruption of a major facility can adversely affect the global economy. The O&G industry is most vulnerable to terrorist attacks due to its strategic nature, materials it handles, and the impact it can have across the world. Its entire value chain, ranging from exploration, production, refining, and pipeline transport to distribution, is at risk of such attacks. Similar incidents in the past have generated security awareness, increasing the adoption of the latest technology and security solutions across global facilities. Threats may vary from information theft to a terrorist attack, but the economic impact and financial damage in case of an attack would be significant and depend on the attacker’s motive.

The Russo-Ukrainian War is impacting global oil trade, and investments to protect O&G infrastructure in the long term are evident. The industry is witnessing a rapid digital transformation to enhance efficiency and manage operations effectively. Digitalization and network-centric operations are vulnerable to a wide range of cyber threats and hazards. Different threat actors (e.g., novice, organized crime, and state actors) try to exploit weaknesses to cause physical and financial losses. Advanced persistent threats are a challenge to O&G companies that must prevent the penetration of their IT systems and corporate networks.

Author: Aravind Srimoolanathan

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Security in Oil and Gas

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Coverage Area—Security Technologies in O&G

Global O&G Pipeline Construction

Global O&G Industry Upstream Capital Expenditure (CAPEX)

Vital Infrastructures in O&G

Threat Assessment in O&G

O&G Value Chain

Security Opportunities in O&G

Key Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Spending Forecast

Spending Forecast by Technology

Spending Forecast by Region

Spending Forecast Analysis

Spending Forecast Analysis by Region

Spending Forecast Analysis by Region (continued)

Spending Forecast by Technology—Africa

Spending Forecast by Technology—Africa (continued)

Spending Forecast by Technology—North America

Spending Forecast by Technology—North America (continued)

Spending Forecast by Technology—Latin America

Spending Forecast by Technology—Latin America (continued)

Spending Forecast by Technology—Asia-Pacific

Spending Forecast by Technology—Asia-Pacific (continued)

Spending Forecast by Technology—Central Asia

Spending Forecast by Technology—Central Asia (continued)

Spending Forecast by Technology—Europe

Spending Forecast by Technology—Europe (continued)

Spending Forecast by Technology—The Middle East

Spending Forecast by Technology—The Middle East (continued)

Pricing Trends and Forecast Analysis

Technologies in O&G Infrastructure Security

Command and Control

Screening and Detection

Surveillance

Access Control and Identity Management

Communication Equipment

Cybersecurity

Managed Services

Security Industry Participants in O&G

Competitive Environment

Competitive Environment (continued)

Competitive Environment (continued)

Competitive Environment (continued)

Growth Opportunity 1: Advanced Cybersecurity

Growth Opportunity 1: Advanced Cybersecurity (continued)

Growth Opportunity 2: Integrated Security Systems

Growth Opportunity 2: Integrated Security Systems (continued)

Growth Opportunity 3: Managed Service Business Model

Growth Opportunity 3: Managed Service Business Model (continued)

Three Takeaways

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

The security of oil and gas (O&G) infrastructures is a priority for the global energy industry. Rising demand for O&G and new facility constructions have boosted the security market growth, as any operational disruption of a major facility can adversely affect the global economy. The O&G industry is most vulnerable to terrorist attacks due to its strategic nature, materials it handles, and the impact it can have across the world. Its entire value chain, ranging from exploration, production, refining, and pipeline transport to distribution, is at risk of such attacks. Similar incidents in the past have generated security awareness, increasing the adoption of the latest technology and security solutions across global facilities. Threats may vary from information theft to a terrorist attack, but the economic impact and financial damage in case of an attack would be significant and depend on the attacker’s motive. The Russo-Ukrainian War is impacting global oil trade, and investments to protect O&G infrastructure in the long term are evident. The industry is witnessing a rapid digital transformation to enhance efficiency and manage operations effectively. Digitalization and network-centric operations are vulnerable to a wide range of cyber threats and hazards. Different threat actors (e.g., novice, organized crime, and state actors) try to exploit weaknesses to cause physical and financial losses. Advanced persistent threats are a challenge to O&G companies that must prevent the penetration of their IT systems and corporate networks. Author: Aravind Srimoolanathan
More Information
Author Aravind Srimoolanathan
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 Oil & Gas Infrastructure Market
Keyword 2 Oil And Gas Security Market
Keyword 3 Oil & Gas Analytics Market
Podcast No
WIP Number PD01-01-00-00-00