Exploration & Drilling Security Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020

The increasing challenges for exploration companies to operate in a challenging environment has led to the development of exploration and drilling security market. Rising production in offshore locations and unconventional sources has led the major exploration companies to invest in drilling and production activities. Many major companies are expanding their present infrastructure in less developed regions, thus security concerns increases with the increasing infrastructure development. To cater the rising security issues and the threat of attacks, many technology developers are heavily investing in exploration and drilling security market. Attacks on supply infrastructure, terrorist attacks and unnatural disasters are some of the major concerns which have forced the major exploration companies to invest in this market. The market for exploration and drilling security is expected to rise at a substantial pace in the future owing to rising security issues.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3660

Increasing expenditure of exploration companies in infrastructure development and expansion of exploration sites are the major drivers encouraging investment in exploration and drilling security market. With rising investment in infrastructure development the major exploration companies have also started investing in the security market for safe operations at these sites. The increasing drilling activities in politically unstable areas such as Africa and Middle East are also a major driver bolstering the exploration and drilling security market. The political situations in these regions is not stable, thus the exploration companies operate in an unstable environment which forces these companies to invest in the security market. However, all the major hydrocarbon discoveries, especially the offshore discoveries, are located at distinct areas which make it difficult for the companies to implement a central comprehensive security system. This security implementation problem may act as a restraint in further growth of exploration and drilling security market. Increasing security regulations and mandatory standards in major oil and gas producing regions of the world provide an opportunity for the growth of the market in future.

The market for exploration and drilling security can be segmented into two broad categories depending on technology solutions implemented in this market. Network security and physical security are the two major areas in the exploration and drilling securities market. Network security can further be segmented as firewall protection, incident response and disaster recovery system, SCADA network security, security information and event management system. Physical security market can also be further categorized as microwave detectors, radar and thermal imaging, fiber optic sensors, acoustic systems, alarms, sonar systems, personnel tracking and RFID. The market for exploration and drilling security can also be segmented based on professional services as risk management services and system design and integration services.

Africa is the major potential segment for the growth of the exploration and drilling security market. The political unstable environment of this region and increasing offshore drilling activities in this region are the major factors driving exploration companies to invest in the securities market. Middle East and South America are also prospective regions which are investing heavily in exploration and drilling security market. Increasing drilling activities from unconventional sources in North America has also encouraged technology developers to provide security solutions in this region.

Some of the major companies operating in the exploration and drilling security market are Lockheed Martin Corporation, Siemens AG, Cisco Service, Waterfall Security Solutions and Honeywell International, Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.