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Oil and Gas Cyber Security Market - Global Industry Analysis & Growth 2024
Oil and Gas Cyber Security Market
Today’s hyper-connected world is highly prone to cyber-attacks and industries are increasingly taking measures to bulwark their systems and data. The oil and gas industry is no exception. To increase efficiency of operations, they are digitally connected these days. While this has its obvious advantages, it also has its ill-effects – heightened risk of cyber-attacks. This has necessitated the need for proper cyber-security measures and has, in turn, spawned an entire market altogether – oil and gas cyber security market.
A report by Transparency Market Research studies the global market for oil and gas cyber security by factoring in various crucial aspects. It takes into consideration both historical and current data to gauge the size of the market. It sheds light on the growth drivers and restraints to understand the future trajectory of the market. The report also leverages market-leading analytical tools to fathom the current competitive dynamics and profiles leading players along with their strategies.
Obtain Report Details @ http://www.transparencymarketresearch.com/oil-gas-cyber-security-market.html
Global Oil and Gas Cyber Security Market: Trends and Opportunities
Insider misuse, crime ware, miscellaneous errors, cyber espionage, web application attacks, denial of service, physical threat/loss of property, and payment skimmers are to name a few common cyber-attack threats in the oil and gas industries. To counter them, cyber security systems are deployed in oil and gas operational sites. They monitor the processes during plant shutdown and help uncover utilities interruption, facilities terrorism, production disruption, undetected spills, and hydrocarbon installation terrorism. Effective cyber security systems in place ensure seamless operations right from exploration and production of oil and gas to their delivery to end-users sans mishap or other hitches.
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The global market for oil and gas cyber security can be split broadly into physical security and network security. Sector-wise, upstream, midstream, and downstream are the three primary segments in the market. Depending upon application again, the market can be bifurcated into the onshore and offshore groups.
The different types of cyber security challenges in the upstream sector include breach of confidential information or data pertaining to drilling operations, planned projects, production sharing contracts (PSC), block diagrams, tenders, field production information, and drilling methodologies. The upstream segment is considered most prone to cyber-attacks. Cyber-threats in the midstream oil and gas sector is mostly related to supply chain logistics, distribution networks, storage information, pipeline data, and pipeline and transportation information. In the downstream, major cyber-security challenges pertain to refinery information, consumer data, end-user distribution, retail data, and industrial plants and manufacturing data.
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Transparency Market Research 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.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who 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.
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