global oil and gas infrastructure security market assessment executive summary
DESCRIPTION
The Oil and Gas Industry is increasingly developing new infrastructure and is facing rapidly evolving threats to the security of its critical infrastructure. These threats are only becoming more frequent and more aggressive.TRANSCRIPT
Global Oil and Gas Infrastructure Security Market
Assessment Sustained Threats Will Drive Exponential Growth in the Market
MA04-23
April 2014
2 MA04-23
Research Team
Yasha Izadpanah
Consulting Analyst Aerospace, Defence & Security
Katherine Evans
Research Analyst Aerospace, Defence & Security
+27 216803562
Lead Analyst Contributing Analyst
Research Director
Anthony Leather
Consultant Aerospace, Defence & Security
(44) 207 3438334
Strategic Review Committee Leader
Steven Webb
Vice President Aerospace, Defence & Security
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Contents
Section Slide Numbers
Executive Summary 6
Market Overview 11
Total Oil and Gas Infrastructure Security Market --
• External Challenges: Drivers and Restraints 33
• Forecast and Trends 42
• Market Share and Competitive Analysis 52
Regional Analysis --
North and Central America 59
Africa 66
Middle East 73
Asia-Pacific 79
South America 87
Europe 93
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Contents (continued)
Section Slide Numbers
Country Analysis --
The United States 100
Canada 105
Mexico 111
China 115
Kazakhstan 120
Indonesia 125
India 129
Australia 134
Russia 139
Norway 144
Azerbaijan 149
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Contents (continued)
Section Slide Numbers
The United Kingdom 153
Saudi Arabia 158
Iraq 163
UAE 168
Brazil 173
Venezuela 178
Colombia 183
Algeria 187
Nigeria 191
Egypt 196
The Last Word 201
Appendix 204
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Executive Summary
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Executive Summary
• The oil and gas industry is increasingly developing new infrastructure and is facing
rapidly evolving threats to the security of its critical infrastructure. These threats are only
becoming more frequent and more aggressive, as several prominent attacks on the
oil and gas industry in recent years have highlighted. These are the factors driving the
global oil and gas infrastructure security market.
• A key focus for oil and gas security end users is that products, services, and solutions
are in line with cutting-edge innovation and technology and can detect and delay the
threats. In addition, being user-friendly and offering value to the clients remains key.
• The upstream segment in oil and gas will provide suppliers of security systems with key
growth opportunities, due to sustained global exploration and production activity.
• North America and Europe will remain at the forefront of infrastructure security spending
on new technology, followed by Asia-Pacific, while the Middle East and Africa will require
the highest levels of security across all segments.
• South America will experience high growth in security spending, followed by the
Middle East, Africa, and Asia-Pacific. Source: Frost & Sullivan
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Executive Summary (continued)
• Oil and gas companies globally are seeking to integrate their security systems for
protection of their critical facilities. There is a growing capability gap for ease of use for
the end user.
• Cyber security will emerge as the highest-priority area for the oil and gas infrastructure
security market, with continued demand for advanced physical security measures. There
is a growing trend for integration of information technology and operating technology
(IT/OT) systems.
• Pipeline surveillance and pipeline leak detection systems are in great demand globally
with increasing pipeline construction. Advanced technologies are being deployed in order
to protect these critical pipelines.
• The global oil and gas infrastructure security market is expected to grow from $19.63
billion in 2013 to $24.68 billion in 2021. This figure comprises all of the solutions, both
physical and cyber, deployed to defend critical assets in the upstream, midstream, and
downstream sectors of the oil and gas industry.
Source: Frost & Sullivan
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Compound
Annual Growth
Rate
2.9%
(CAGR, 2013–2021)
Executive Summary—Market Engineering Measurements
Market Stage
Growth
Market Revenue
$19.63 B
(2013)
Market Size for
Last Year of
Study Period
$24.68 B
(2021)
Degree of
Technical
Change
7
(scale:1 [Low] to 10 [High])
Total Oil and Gas Infrastructure Security Market: Global, 2013
For a tabular version click here. Stable Increasing Decreasing Note: All figures are rounded. The base year is 2013. Source: Frost & Sullivan
Market Overview
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Executive Summary—CEO’s Perspective
2 Cyber security will emerge as the highest priority area for the oil and gas infrastructure security market.
3 The oil and gas industry will lead the way in remote collaboration centre technology, and other industries will follow suit.
4
Cyber threats are evolving faster and becoming increasingly aggressive; this provides key opportunities for providers of cyber security solutions.
5 Demand will increase for pipeline monitoring and leak detection solutions as the pipeline distribution market continues to grow.
1
Attacks on oil and gas facilities in Algeria and Saudi Arabia will prompt continuing investment in both physical and cyber security.
Source: Frost & Sullivan