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Cyber Security Market for Oil and Gas by Application (Pipeline and Transportation, Exploration and Drilling, Refining and Storage Area and Others), by Type (Cloud Security, Network Security, Endpoint Security, Application Security and Others), and by Region - Global Trends and Forecast Analysis, 2018-2025

Publish Date: January 2020 | Format :PDF/Excel | Category: Energy & Materials | Pages :112

The global cyber security market for oil and gas market is projected to reach USD 15 Billion by 2025 at a CAGR of around 9% during the forecasted period.

The oil and gas industry has changed substantially over the last decade. Increase in the expenditure by oil and gas companies on the network and operational technology security and increased trend of security and vulnerability management have bolstered the growth of the cyber security market for oil and gas. The greater connectivity of the digital technologies and IOT has resulted in the increased efficiency through big data, analytics, sensors and the ability to automate highly sensitive tasks. However, it has opened the door to cyber-attacks. This sector is now no longer protected by just isolated control systems and detached core operations but by high level of cyber security technologies.

From study, it has been found that 43% of significant cyber breaches were from a lack of end user awareness exploited via phishing. Also 87% have not implemented information security in their current strategy and plans. As the industry is mainly about barrels, not bytes, about 50% employees does not fully have acquired the resources needed to challenge the security breach.

Sustained low oil prices are driving the adoption of digitalization across the oil and gas market, ramping up the stakes for cyber security. Thus organization must not only address the security of the traditional IT and OT environments, but also the complexities from IOT by applying robotic process automation, block chain techniques and artificial intelligence which will surely lead the cyber security market for oil and gas. The rising energy demand and depletion of energy resources in recent years have put pressure on companies as well as governments to develop plans for oil and gas security system measures.

Cyber security refers to the body of technologies, processes and practices designed to help protect networks, devices, programs and data from attack, damage, or unauthorised access. In the oil and gas market, cyber security plays an important role because the industry is engaged in exploration, development and production of crude oil and natural gas and any loss or disrupt in the operations like stealing field data would lead to a heavy loss of the organisation. The cyber security market for oil and gas is segmented on the basis of application, type, and region.

On the basis of application, the global cyber security market for oil and gas is bifurcated into pipeline and transportation, exploration and drilling, refining and storage area protection, and others. Natural gas pipeline companies account for and manage cyber security to protect the use of automated digital controls, or industrial control systems (ICS). ICS are not unique or new to pipelines; they are prevalent across the entire energy landscape, including at coal and nuclear power generation facilities. The National Institute of Standards and Technology Cyber Security Framework (NIST CSF) has been widely adopted by natural gas pipeline operators.

Based on type, the cyber security market for oil and gas is divided into cloud security, network security, endpoint security, and application security. Oil and gas companies are among the largest, most valuable, and most powerful organizations in the world, but also lag behind in addressing application security threats. Adding to the complexity of their portfolios is their tendency to purchase the majority of their applications instead of developing them in-house.

The networks used between process equipment and control systems were previously isolated and proprietary, but are now based on internet technology. Industrial automation and control systems used to be physically separate from traditional information systems and open networks. There is an increasing use of remote operation from an onshore location or neighbouring platform, and this may lead to the use of shared computer networks. Locating operations rooms onshore means that less attention may be paid and this increases cyber breaches. This means that production equipment is exposed to network-related vulnerabilities and thus network security plays a great role in this factor.

Malicious codes, data are usually spread due to human error. Users are tricked into revealing passwords, open spam mails that contains virus. Hence endpoint security is also a matter of concern as human error is regarded as the greatest digital vulnerability in the sector.

The cyber security market for oil and gas is analysed across five regions including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. From a geographic standpoint, North America and Europe are key markets in the global market for oil and gas cyber security. This is because the two continents are home to advanced countries that invest heavily in sophisticated cyber security systems to avoid breaches.

The U.S. and Canada are pulling out every stop to ensure cyber security in the development and production of shale gas. Europe and North America are home to key manufacturers of cyber security components such as hardware and software to ensure safety of different operational processes in the entire oil and gas value chain. These manufacturers are now making efforts to tap into the promising China and India markets in Asia Pacific in order to up their revenues and profit margins. 

The report covered the detailed competitive analysis including company profiles of the major industry players operating in the global cyber security market for oil and gas. Key players profiled in the report are Juniper Networks, Micro Focus, Microsoft, Akamai, BAE Systems, Fortinet, Gemalto, IBM, Intel, Check Point Software Technologies, Cisco, CyberArk Software, and others.

The global cyber security market for oil and gas is segmented as follows:

Cyber Security Market for Oil and Gas, Type Segment Analysis

  • Cloud Security
  • Network Security
  • Endpoint Security
  • Application Security
  • Others

Cyber Security Market for Oil and Gas, Application Segment Analysis

  • Pipeline and Transportation
  • Exploration and Drilling
  • Refining and Storage Area
  • Others

Cyber Security Market for Oil and Gas, Region Segment Analysis

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of  Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

Chapter 1 Introduction

1.1. Research Objective

1.2. Market Introduction

1.3. Market Segmentation

1.4. Report Highlights

Chapter 2 Research Scope & Methodology

2.1. Report Scope

2.2. Market Research Methodology

2.2.1. Data Mining

2.2.2. Data Analysis

2.2.3. Data Validation

2.2.4. Secondary Research

2.2.5. Primary Research

2.2.6. Model

2.3. Market Size Estimation

Chapter 3 Executive Summary

Chapter 4 Cyber Security Market for Oil & Gas Size

4.1. Global Cyber Security Market for Oil & Gas Size (USD Billion) and Growth Rate (%) Analysis, 2018-2025

Chapter 5 Market Dynamics

5.1. Market Drivers

5.1.1. Global Cyber Security Market for Oil & Gas Drivers: Impact Analysis

5.1.2. Increasing expenditure by oil and gas companies on the network and operational technology security

5.1.3. Increased trend of security and vulnerability management

5.2. Market Restrains

5.2.1. Global Cyber Security Market for Oil & Gas Restraints: Impact Analysis

5.2.2. Cyber-attacks

5.3. Market Opportunities

5.3.1. Adoption of digitalization across the oil and gas market

5.4. Value Chain Analysis

5.5. Porter's Five Forces Analysis

5.5.1. Threat of new entrants

5.5.2. Threat of substitutes

5.5.3. Bargaining power of customers

5.5.4. Bargaining power of suppliers

5.5.5. Industry rivalry

5.6. Regulatory Framework

5.7. Price Trend Analysis

Chapter 6 Cyber Security Market for Oil & Gas Analysis, by Type

6.1. Segment Overview

6.2. Cyber Security Market for Oil & Gas Share (%), by Type in 2019 & 2025

6.3. Market Attractiveness Analysis, by Type

6.4. Cloud Security

6.4.1. Cyber Security Market for Oil & Gas Analysis by Cloud Security, 2018-2025

6.5. Network Security

6.5.1. Cyber Security Market for Oil & Gas Analysis by Network Security, 2018-2025

6.6. Endpoint Security

6.6.1. Cyber Security Market for Oil & Gas Analysis by Endpoint Security, 2018-2025

6.7. Application Security

6.7.1. Cyber Security Market for Oil & Gas Analysis by Application Security, 2018-2025

6.8. Others

6.8.1. Cyber Security Market for Oil & Gas Analysis by Others, 2018-2025

Chapter 7 Cyber Security Market for Oil & Gas Analysis, by Application

7.1. Segment Overview

7.2. Cyber Security Market for Oil & Gas Share (%), by Application in 2019 & 2025

7.3. Market Attractiveness Analysis, by Application

7.4. Pipeline and Transportation

7.4.1. Cyber Security Market for Oil & Gas Analysis for Pipeline and Transportation, 2018-2025

7.5. Exploration and Drilling

7.5.1. Cyber Security Market for Oil & Gas Analysis for Exploration and Drilling, 2018-2025

7.6. Refining and Storage Area

7.6.1. Cyber Security Market for Oil & Gas Analysis for Refining and Storage Area, 2018-2025

7.7. Others

7.7.1. Cyber Security Market for Oil & Gas Analysis for Others, 2018-2025

Chapter 8 North America Cyber Security Market for Oil & Gas Analysis

8.1. North America Cyber Security Market for Oil & Gas Overview

8.2. North America Cyber Security Market for Oil & Gas Size, by Type, 2018-2025

8.2.1. Cloud Security

8.2.2. Network Security

8.2.3. Endpoint Security

8.2.4. Application Security

8.2.5. Others

8.3. North America Cyber Security Market for Oil & Gas Size, by Application, 2018-2025

8.3.1. Pipeline and Transportation

8.3.2. Exploration and Drilling

8.3.3. Refining and Storage Area

8.3.4. Others

8.4. North America Cyber Security Market for Oil & Gas Size, by Country, 2018-2025

8.4.1. U.S.

8.4.2. Canada

8.4.3. Mexico

Chapter 9 Europe Cyber Security Market for Oil & Gas Analysis

9.1. Europe Cyber Security Market for Oil & Gas Overview

9.2. Europe Cyber Security Market for Oil & Gas Size, by Type, 2018-2025

9.2.1. Cloud Security

9.2.2. Network Security

9.2.3. Endpoint Security

9.2.4. Application Security

9.2.5. Others

9.3. Europe Cyber Security Market for Oil & Gas Size, by Application, 2018-2025

9.3.1. Pipeline and Transportation

9.3.2. Exploration and Drilling

9.3.3. Refining and Storage Area

9.3.4. Others

9.4. Europe Cyber Security Market for Oil & Gas Size, by Country, 2018-2025

9.4.1. UK

9.4.2. Germany

9.4.3. France

9.4.4. Russia

9.4.5. Rest of Europe

Chapter 10 Asia Pacific Cyber Security Market for Oil & Gas Analysis

10.1. Asia Pacific Cyber Security Market for Oil & Gas Overview

10.2. Asia Pacific Cyber Security Market for Oil & Gas Size, by Type, 2018-2025

10.2.1. Cloud Security

10.2.2. Network Security

10.2.3. Endpoint Security

10.2.4. Application Security

10.2.5. Others

10.3. Asia Pacific Cyber Security Market for Oil & Gas Size, by Application, 2018-2025

10.3.1. Pipeline and Transportation

10.3.2. Exploration and Drilling

10.3.3. Refining and Storage Area

10.3.4. Others

10.4. Asia Pacific Cyber Security Market for Oil & Gas Size, by Country, 2018-2025

10.4.1. China

10.4.2. Japan

10.4.3. India

10.4.4. South Korea

10.4.5. Australia

10.4.6. Rest of Asia Pacific

Chapter 11 Latin America Cyber Security Market for Oil & Gas Analysis

11.1. Latin America Cyber Security Market for Oil & Gas Overview

11.2. Latin America Cyber Security Market for Oil & Gas Size, by Type, 2018-2025

11.2.1. Cloud Security

11.2.2. Network Security

11.2.3. Endpoint Security

11.2.4. Application Security

11.2.5. Others

11.3. Latin America Cyber Security Market for Oil & Gas Size, by Application, 2018-2025

11.3.1. Pipeline and Transportation

11.3.2. Exploration and Drilling

11.3.3. Refining and Storage Area

11.3.4. Others

11.4. Latin America Cyber Security Market for Oil & Gas Size, by Country, 2018-2025

11.4.1. Brazil

11.4.2. Argentina

11.4.3. Rest of Latin America

Chapter 12 Middle East & Africa Cyber Security Market for Oil & Gas Analysis

12.1. Middle East & Africa Cyber Security Market for Oil & Gas Overview

12.2. Middle East & Africa Cyber Security Market for Oil & Gas Size, by Type, 2018-2025

12.2.1. Cloud Security

12.2.2. Network Security

12.2.3. Endpoint Security

12.2.4. Application Security

12.2.5. Others

12.3. Middle East & Africa Cyber Security Market for Oil & Gas Size, by Application, 2018-2025

12.3.1. Pipeline and Transportation

12.3.2. Exploration and Drilling

12.3.3. Refining and Storage Area

12.3.4. Others

12.4. Middle East & Africa Cyber Security Market for Oil & Gas Size, by Country, 2018-2025

12.4.1. Saudi Arabia

12.4.2. UAE

12.4.3. South Africa

12.4.4. Rest of MEA

Chapter 13 Competitive Landscape

13.1. Company Market Share Analysis, 2018

13.2. Competitive Scenario

13.2.1. New Product Launches

13.2.2. Regional Expansion and R&D Investments

13.2.3. Merger and Acquisitions

Chapter 14 Company Profiles

14.1. Juniper Networks

14.1.1. Company Details

14.1.2. Business Overview

14.1.3. Product Portfolio

14.1.4. Financials

14.1.5. Recent Developments

14.2. Micro Focus

14.2.1. Company Details

14.2.2. Business Overview

14.2.3. Product Portfolio

14.2.4. Financials

14.2.5. Recent Developments

14.3. Microsoft

14.3.1. Company Details

14.3.2. Business Overview

14.3.3. Product Portfolio

14.3.4. Financials

14.3.5. Recent Developments

14.4. Akamai

14.4.1. Company Details

14.4.2. Business Overview

14.4.3. Product Portfolio

14.4.4. Financials

14.4.5. Recent Developments

14.5. BAE Systems

14.5.1. Company Details

14.5.2. Business Overview

14.5.3. Product Portfolio

14.5.4. Financials

14.5.5. Recent Developments

14.6. Fortinet

14.6.1. Company Details

14.6.2. Business Overview

14.6.3. Product Portfolio

14.6.4. Financials

14.6.5. Recent Developments

14.7. Gemalto

14.7.1. Company Details

14.7.2. Business Overview

14.7.3. Product Portfolio

14.7.4. Financials

14.7.5. Recent Developments

14.8. IBM

14.8.1. Company Details

14.8.2. Business Overview

14.8.3. Product Portfolio

14.8.4. Financials

14.8.5. Recent Developments

14.9. Intel

14.9.1. Company Details

14.9.2. Business Overview

14.9.3. Product Portfolio

14.9.4. Financials

14.9.5. Recent Developments

14.10. Check Point Software Technologies

14.10.1. Company Details

14.10.2. Business Overview

14.10.3. Product Portfolio

14.10.4. Financials

14.10.5. Recent Developments

14.11. Cisco

14.11.1. Company Details

14.11.2. Business Overview

14.11.3. Product Portfolio

14.11.4. Financials

14.11.5. Recent Developments

14.12. CyberArk Software

14.12.1. Company Details

14.12.2. Business Overview

14.12.3. Product Portfolio

14.12.4. Financials

14.12.5. Recent Developments

List of Tables

Table 1 Global Cyber Security Market for Oil & Gas Drivers: Impact Analysis

Table 2 Global Cyber Security Market for Oil & Gas Restraints: Impact Analysis

Table 3 North America Cyber Security Market for Oil & Gas Size (USD Billion), by Type, 2018-2025

Table 4 North America Cyber Security Market for Oil & Gas Size (USD Billion), by Application, 2018-2025

Table 5 North America Cyber Security Market for Oil & Gas Size (USD Billion), by Country, 2018-2025

Table 6 Europe Cyber Security Market for Oil & Gas Size (USD Billion), by Type, 2018-2025

Table 7 Europe Cyber Security Market for Oil & Gas Size (USD Billion), by Application, 2018-2025

Table 8 Europe Cyber Security Market for Oil & Gas Size (USD Billion), by Country, 2018-2025

Table 9 Asia Pacific Cyber Security Market for Oil & Gas Size (USD Billion), by Type, 2018-2025

Table 10 Asia Pacific Cyber Security Market for Oil & Gas Size (USD Billion), by Application, 2018-2025

Table 11 Asia Pacific Cyber Security Market for Oil & Gas Size (USD Billion), by Country, 2018-2025

Table 12 Latin America Cyber Security Market for Oil & Gas Size (USD Billion), by Type, 2018-2025

Table 13 Latin America Cyber Security Market for Oil & Gas Size (USD Billion), by Application, 2018-2025

Table 14 Latin America Cyber Security Market for Oil & Gas Size (USD Billion), by Country, 2018-2025

Table 15 Middle East & Africa Cyber Security Market for Oil & Gas Size (USD Billion), by Type, 2018-2025

Table 16 Middle East & Africa Cyber Security Market for Oil & Gas Size (USD Billion), by Application, 2018-2025

Table 17 Middle East & Africa Cyber Security Market for Oil & Gas Size (USD Billion), by Country, 2018-2025

List of Figures

Figure 1 Market Research Methodology

Figure 2 Global Cyber Security Market for Oil & Gas Size and Growth Rate Analysis, 2018-2025

Figure 3 Value Chain Analysis

Figure 4 Porter's Five Forces Analysis

Figure 5 Price Trend Analysis

Figure 6 Cyber Security Market for Oil & Gas Share (%), by Type in 2019 & 2025

Figure 7 Market Attractiveness Analysis, by Type

Figure 8 Cyber Security Market for Oil & Gas Size, by Cloud Security, 2018-2025

Figure 9 Cyber Security Market for Oil & Gas Size, by Network Security, 2018-2025

Figure 10 Cyber Security Market for Oil & Gas Size, by Endpoint Security, 2018-2025

Figure 11 Cyber Security Market for Oil & Gas Size, by Application Security, 2018-2025

Figure 12 Cyber Security Market for Oil & Gas Size, by Others, 2018-2025

Figure 13 Cyber Security Market for Oil & Gas Share (%), by Application in 2019 & 2025

Figure 14 Market Attractiveness Analysis, by Application

Figure 15 Cyber Security Market for Oil & Gas Size, for Pipeline and Transportation, 2018-2025

Figure 16 Cyber Security Market for Oil & Gas Size, for Exploration and Drilling, 2018-2025

Figure 17 Cyber Security Market for Oil & Gas Size, for Refining and Storage Area, 2018-2025

Figure 18 Cyber Security Market for Oil & Gas Size, for Others, 2018-2025

Figure 19 North America Cyber Security Market for Oil & Gas Size, 2018-2025

Figure 20 Europe Cyber Security Market for Oil & Gas Size, 2018-2025

Figure 21 Asia Pacific Cyber Security Market for Oil & Gas Size, 2018-2025

Figure 22 Latin America Cyber Security Market for Oil & Gas Size, 2018-2025

Figure 23 Middle East & Africa Cyber Security Market for Oil & Gas Size, 2018-2025

Figure 24 Company Market Share (%), 2018

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