A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Oil
& Gas Cyber Security
Market. The
study, titled “Oil
& Gas Cyber Security Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Increasing
dependence on technology and web-based communication has been the key
cause of several cyber threats, particularly to the oil & gas
industry. The year-on-year rise in cyber-attacks on this sector
coupled with the limited awareness about the potential measures and
precautions that could be taken by both the IT and OT infrastructures
have been influential in the development of cyber-crime combating
systems. Thus, cyber security is critical to the development of the
oil & gas industry, which faces cyber threats not only commercial
in nature, but also from activists such as environmental groups.
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Market Research Report @
Several
cyber-attacks in the upstream, midstream, and downstream oil &
gas business have paved the way for the development and installation
of cyber security systems in the whole value chain. Leading players
in the global oil & gas business are facing similar threats. In
2015, Saudi Aramco, a national oil company based in Saudi Arabia,
witnessed a major cyber hack wherein in just five hours, more than
34,800 computers and the entire payment portal were compromised and
multiple petroleum tanks and trucks seeking refills had to be turned
away. Saudi Aramco is a key exporter of oil to several countries and
exports more than 9% of the world’s oil. This attack resulted in
massive losses and therefore several breakdowns and delays.
Therefore, companies have started investing in cyber security systems
in order to combat cyber-attacks.
Reported
cyber threats in the oil & gas industries include crime ware,
cyber espionage, insider misuse, web application attacks,
miscellaneous errors, physical threat/loss of property, denial of
service, and payment skimmers. Cyber security systems installed in
oil & gas operational sites provide rigorous monitoring during
plant shutdown, utilities interruption, production disruption,
hydrocarbon installation terrorism, facilities terrorism, and
undetected spills. They offer safe operations starting from
exploration & production of oil & gas to delivery of products
to end-users without any mishap or breakdown.
The
oil & gas cyber security market can be segmented based on type
into the physical security and network security categories. In terms
of sector, the market can be segregated into the upstream, midstream,
and downstream divisions. On the basis of application, the oil &
gas cyber security market can be divided into the onshore and
offshore groups. In the upstream sector, confidential information or
data related to drilling operations, production sharing contracts
(PSC), tenders, field production information, block diagrams, planned
projects, and drilling methodologies are the various sections running
severe risks of cyber-attacks. Thus, this sector is more vulnerable.
Cyber threats to the midstream oil & gas sector are related to
supply chain logistics, storage information, distribution networks,
pipeline data, and pipeline & transportation information. Those
to the downstream sector involve refinery information, end-user
distribution, consumer data, retail data, and industrial plants &
manufacturing data.
Countries
in North America, such as the U.S. and Canada are more inclined
toward safe operations especially in the development and production
of shale gas. This is expected to boost the demand for several cyber
security systems in the next few years. Europe and North America play
host to several established players involved in the manufacturing of
cyber security components such as hardware and software for the
protection of operational data in the entire oil & gas value
chain. In order to increase their market share, these players are
likely to enter the potential markets in Asia Pacific, especially
China and India, in the next few years.
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the form for an exclusive sample of this report @
Manufacturers
and suppliers operating in the oil & gas cyber security market
include Lockheed Martin Corporation, Siemens AG, Parsons, Microsoft
Corporation, Cisco Systems, Inc., Symantec Corporation, Intel
Corporation, Rapid 7, and Accenture.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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of quantitative forecasting and trends analysis provides
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and analyze information.
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data repository is continuously updated and revised by a team of
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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