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Oil & Gas Security Market 2020: Recent Industry Trends and Projected Industry Growth, 2016-2023

03-03-2020 03:16 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Oil & Gas Security Market

Oil & Gas Security Market

The oil & gas security market was valued at $ 23,141 million in 2016, and is projected to reach $36,012 million by 2023, growing at a CAGR of 6.7% from 2017 to 2023. The command & control segment is anticipated to grow at the highest rate during the forecast period.

North America generated the highest revenue in the global oil & gas security market in 2016 due to its technological advancements and developed infrastructure, and introduction of innovative solutions by the key players in the region. The Asia-Pacific oil & gas security market is expected to grow at the highest rate of 8.8% during the forecast period.

Access full summary report at https://www.alliedmarketresearch.com/oil-and-gas-security-market

The report features a competitive scenario of the oil & gas security industry and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Cisco Systems, Inc., Siemens AG, Symantec Corporation, Honeywell Corporation, Inc., Corporation, Intel Corporation, General Electric, Microsoft Corporation, ABB Ltd., and Lockheed Martin Corporation. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the oil & gas security market.

Get Sample Report for More Details at https://www.alliedmarketresearch.com/request-sample/3914

Exploring & drilling segment generated maximum share of revenue in 2016 and is expected to dominate the market throughput the forecast period at the CAGR of 7.2%. Among services, managed services segment is expected to witness highest CAGR of 8.4% during the forecast period.

Inquire more about this report at https://www.alliedmarketresearch.com/purchase-enquiry/3914

The oil & gas security market is in its maturity phase and is expected to grow at a CAGR of 6.7% during the forecast period. Growth in cyber-attacks in critical technological infrastructure of oil & gas domain, stringent government regulations in oil & gas sector, and growth in trend of bring your own devices (BYOD) drive the growth in the oil & gas security market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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