Cyber Security for Oil & Gas Market is Booming Worldwide | Honeywell, McAfee, NortonLifeLock

The latest study released on the global 'Cyber Security for Oil & Gas' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Cyber Security for Oil & Gas' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Some of the key players profiled in the study are:
Honeywell (United States), McAfee Corp. (United States), NortonLifeLock Inc (United States), Hewlett-Packard Enterprise (United States), IBM (United States), Cisco Systems Inc. (United States) , Microsoft (United States) , Siemens AG (Germany), BMC Software (United States), CA Technologies (United States), Dell (United States), Waterfall Security Solutions (Israel)
Cyber Security for Oil & Gas helps in managing, monitoring and are connected centrally thereby operates by machines like robotics, power plants, and other energy-related systems.cyberattack on oil and gas can result in severe consequences to human safety and the environment in the form of ruptures, explosions, fires, releases, and spills. The dependence on IT technology has grown, so has the vulnerability to cyberattacks which leads to increased risk of threats to the ICS and SCADA networks. With the sector facing such a high cyber risk, it’s more crucial than ever for oil and gas organizations to inhabit a cybersecurity culture and move from reactionary to proactive. To protect data in ICS/SCADA environments is boosting the demand for cybersecurity for oil & gas.

In Oct 2020, ABB and IBM announced a collaboration focused on connecting cybersecurity and operational technology (OT). As the first result of this collaboration, ABB has developed a new OT Security Event Monitoring Service1 that combines ABB’s process control system domain expertise with IBM’s security event monitoring portfolio to help improve security for industrial operators.

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Influencing Market Trend
• Early Adoption of Innovative Technologies
• Adoption of More Sophisticated Security Technologies and Operationalizing GDPR
Market Drivers
• Increased Adoption of Cloud-based Solutions
• Rising Number of Cyber Crime Related Incidents in Oil-Gas Sector
Opportunities:
• Rising Internet Penetration Globally
• Increasing Investment in Cloud-Based Services and Solutions
• Demand For AI, Machine Learning, and BlockChain Technologies
Challenges:
• Data Privacy Concerns Coupled with Rising Cyber attacks such as DragonFly and Energetic Bear on Industries
• Lack of Awareness and Professional Person

Analysis by Type (Physical Security, Network Security), Application (Onshore Groups, Offshore Groups), Stream (Upstream, Midstream, Downstream)

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The regional analysis of Global Cyber Security for Oil & Gas Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

In July 2019, Cisco acquired Sentryo, a provider of visibility and security solutions for Industrial Control Systems (ICS) networks. By combining Sentryo’s capabilities with its network architecture, Cisco can provide IoT benefits to the oil and gas sector.

In April 2019, Waterfall Security Solutions, a global leader in cybersecurity technologies for critical infrastructure and industrial control systems, announced a global partnership with Dragos, provider of the industrial industry’s most trusted asset identification, threat detection and response platform and services, to protect critical industrial control systems (ICS) from the most advanced cyber threats

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/747-global-cyber-security-for-oil-gas-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global Cyber Security for Oil & Gas market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Cyber Security for Oil & Gas market.

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This release was published on openPR.