Oil and Gas Cyber Security Market Booming at CAGR +5% by 2028 with ABB, Intel Security, Symantec Corporation, Cisco Systems, Honeywell International, Lockheed Martin Corporation, Microsoft Corporation, Siemens AG

In 2019, facilities across the globe witnessed an average 45 percent spike in inbound cyberattacks. Third-party research has shown that any point in time, up to 2 percent of annual revenues of an oil and gas entity is at direct risk from cyberattacks.

In 2018, the total revenue of the United States’ oil and gas industry came to about 181 billion U.S. dollars, a substantial increase since the lowest point of the decade in 2016.

Research forecasts that global consumption of petroleum and liquid fuels will average 97.7 million b/d for all of 2021, which is up by 5.4 million b/d from 2020. Consumption of petroleum and liquid fuel will increase by 3.5 million b/d in 2022 to average 101.2 million b/d.

Global refinery oil demand will reach a high by 2022 at only 2% above 2017 levels, followed by a 39% decline by 2050, due largely to significantly reduced transport sector oil demand. We expect greater focus in mature markets on producing cleaner, higher-grade transport fuels.

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Top Key Players:

ABB, Intel Security, Symantec Corporation, Cisco Systems, Inc., Honeywell International, Inc., Lockheed Martin Corporation, Microsoft Corporation, Siemens AG, UTC, and Waterfall Security Solutions.

Oil and Gas Cyber Security Market, a new research report that evaluates its current value, size, performance and statistics. The report is an in-depth study of the important dynamics of the market and gives a gist of the types, the process, and value chain that has been included in the report. This industry is one of the highly competitive markets in the world and is highly capital concentrated and requires strong government support and political stability.

The fundamental dynamics that are explored in the report hold substantial influence over the Oil and Gas Cyber Security market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.

The competitive landscape of the Oil and Gas Cyber Security market is discussed in the report, which includes the market share. The report contours some of the leading players in the global market and also discusses the strategies implemented by the key companies to maintain their hold in the industry.

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The report provides valuable evidences, which states about the current statistics in terms of competition for sustainable development of the industries. It focuses on strategies which reflects the productivity in different regions like North America, Japan, Europe, China, and India to scale up the market.

Oil and Gas Cyber Security Market strategies, challenges, prospects for advancements along with a detailed study of the prominent aspects affecting the market are included in this substantial report. It also sheds light upon the ongoing developments in the field as well as prevailing strategies to thrive in this constantly evolving market. To conclude with, this report covers all the necessary financial, economic and social factors relevant to the industry enhancing the reader with information required to make an informed decision.

 

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