Oil and Gas Security and Service Market – Predicted to Rise at a Lucrative CAGR throughout 2017 to 2025

Oil and gas security and services includes various process in oil and gas operational sectors, namely, midstream, downstream and upstream, which are secured with the help of stiff network and physical security measures. This will help to ensure operational efficiency and curtails losses related with security breaches. Oil and gas security and services are used to protect a natural gas refinery or oil exploration site. It also enables shield facilities against external threats while allowing individual access levels of contractors and employees across multiple locations of the site. Various oil and gas security and services includes remote security services, on-site security services, and information technology services, etc. that provides comprehensive security. Various oil and gas security solutions works in a simple way to safeguard the facilities present in the oil and gas plant. For instance, when a potential threat cruises an on-site detector (such as a PIR motion sensor, or a motion analytic), recognition software evaluates and identifies the risk, and then triggers further action. Once a threat has been verified, the guard which is remotely located can activate hindrance systems, such as strobe-lights, or sirens. Oil and gas security and services are also designed to able to address any possible threat, from flooding and fire, to criminal attacks.

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The factors which are driving the oil and gas security and services market are increasing threats of terrorist attacks, high profile cyber-attacks, stringent government regulations and security compliance. Through various human intelligence collection, risk assessment, site management, remote site over watch, oil and gas security can overcome above mentioned threats. Various companies are investing significantly in the network security to keep their network infrastructure secure and robust. This will also help diminish the cyber vulnerabilities at the networks, controllers, and end points of the oil and gas site. For instance, General Electric has SecurityST solution for cyber security. It gives companies a single aid point of contact to implement proactive policies, to see cyber security posture, and strategies to protect demanding related networks & control system, and provide a centralized reporting capability to manage cyber risk. Furthermore, with the help of access control system and integrated video, all the alarms and events can be monitored remotely. Any unauthorized access into the site, activate an alarm, which is then captured by the cameras and then recorded onto the video management system.

Slow adoption of the oil and gas security solutions such as network security solutions to mitigate cyber-attack by various enterprises could restrain the growth of the oil and gas security and services market. However, the adoption rate for these security solutions could increase in the near future due to the various government regulations worldwide. Since, most of the oil and gas installations are based on geographically different locations, it is important to ensure the confidentiality and integrity of the flow of operational data. It is also important to deploy a strong network security system. Therefore, the network security for oil and gas installations is growing at a remarkable rate.

Technologically advanced safety and security solutions are expected to create novel opportunities for the oil and gas security and services market. Technologically advanced solutions provides various advantages including real time hazards incidents, alerts of up-to-date, directly to the right people in the organization. It helps reduce interruptions and reduces the risk.

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The oil and gas security and services market can be segmented into security type, services, and region. On the basis of security type, market can be segmented into network and physical security. Services can be segmented into managed services, risk management services, and others. Geographically, the oil and gas security and services market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America and Europe are expected to lead the due the technological advancements within the oil and gas security and services domain. However, the Asia Pacific market is expected to grow at a higher rate due to the increasing adoption for the various security solutions across the oil and gas industry.

Some of the key players in the oil and gas security and services market are BLACK MOUNTAIN SOLUTIONS, ATHOS, CPS Security (USA), Inc, AlliedGuard LLC. General Electric, Tyco Security Products, S2 Security Corporation, PRO-VIGIL, INC., Siemens AG, Patrol Ltd. and more

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