Global Oil and Gas Cybersecurity Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 -(By Type Coverage, By Sector Coverage, By Component Coverage, By Geographic Coverage and Leading Companies)
Published Date: Nov 2023 |
Format:
| No. of Pages: 236
Industry: Energy & Natural Resources | Author Name: Hrishikesh
Global oil & gas cybersecurity market is anticipated to reach a valuation of US$44.2 Bn by the end of 2030.
Globally, the top five players in the oil & gas cybersecurity industry include Intel, Symantec, CISCO, Parson, and Microsoft.
In 2022, North America constituted 44.3% of the global oil & gas cybersecurity market. In terms of value, Asia Pacific is expected to register a CAGR of 6.4% from 2023-2030.
In terms of type, the cloud security segment dominated the market and constituted 55.4% share in 2022. In terms of sector, upstream segment constituted more than 54.7% share of the global oil & gas cybersecurity market in 2022. In terms of component, services segment constituted more than 39.3% share of the global oil & gas cybersecurity market in 2022.
Due to the COVID-19 pandemic, oil prices had collapsed owing to lower demand in industrial and automotive. This impacted growth in cybersecurity investments in the oil & gas business across the globe.