Every industry has embraced digitisation and the oil & gas industry is no different. Due to the rising incidence rates of cyberattacks and phishing, companies are increasingly giving cybersecurity the urgent attention it deserves. Organizations have now shifted from a reactive towards a proactive approach to cybersecurity as next-gen technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) have increased the likelihood of cybersecurity breaches. To nip cybersecurity threats in the bud, several oil & gas companies are looking at the oil and gas cybersecurity market.
For More Insights into the Market, Get Sample Copy of this Report:
https://www.fairfieldmarketresearch.com/report/oil-and-gas-cybersecurity-market/
Safety Concerns Override Pricing Constraints in Oil and Gas Cybersecurity Market
Cybersecurity products are expensive to install, which makes it challenging to convince smaller O&G companies to invest in them. Declining prices of natural gas and crude oil have further squeezed profitability in the industry. Nonetheless, it is anticipated that safety concerns around safeguarding confidential data should augur well for stakeholders in the oil and gas cybersecurity market.
Developed Nations Bear the Brunt of Cyberattacks in the Oil and Gas Cybersecurity Market
North America and Europe are the most lucrative regions in the oil and gas cybersecurity market as they are at the forefront of cybersecurity awareness and have the willingness and capacity to adopt the latest technology. Countries such as the US, Japan, and Germany suffered losses to the tune of hundreds of billions of dollars in cybercrime in 2020. In 2012, the world’s worst cybercrime hit Saudi Aramco where all of their computer systems were wiped clean in one hour, putting global oil supply in a precarious position. Five years later, a joint venture between Dow Chemicals and Saudi Aramco suffered a similar blow. In 2014, the data of 50 oil companies in Norway was hacked with another 250 being threatened of dire consequences.
In Order to place the Purchase Query Click Here: [email protected]
Hacking Upstream Data Can Lead to Dissolved Bids in Oil and Gas Cybersecurity Market
Cybercrimes are being recorded at an alarming rate in downstream, midstream, and upstream operations in the O&G industry. The upstream data most targeted by hackers pertains to the most productive oilfields and their physical parameters including field surveys, contract parameters. Hacked bids can result in manipulated numbers and terminated contracts. The vast majority of hacking attacks are conducted by Chinese and Russia hackers and pose a significant risk to the quality of O&G products. Distributed control systems, field devices, Open Platform Communications (OPC) servers, and supervisory control and data acquisition systems are especially vulnerable to cyberattacks and require the highest grade of cybersecurity.
Company Joint Ventures Key to Consolidate Position in Oil and Gas Cybersecurity Market
In 2021, Saudi Aramco entered into an agreement with KPMG International to assess cybersecurity compliance in its third-party suppliers. In 2020, Parsons Corp. acquired Braxton Science & Technology Group, strengthening its competitive position in the oil & gas cybersecurity market. Other companies profiled in this report on the oil and gas cybersecurity market include Microsoft Corporation, Symantec Corporation, CISCO Systems, Inc., Intel Corporation, SAP SE, Honeywell Corporation Inc., GE, DXC Technology Company, Siemens AG, and Ernst & Young Global Limited (EY).
Browse Our Latest Reports: https://www.fairfieldmarketresearch.com/shop/
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Global Cybersecurity Market OverviewIndustry 4.0, commonly known as the 4th industrial revolution of human history, follows the current trend of automation and data exchange in manufacturing technologies.
According to an IndustryARC research report, the demand in the global cybersecurity market will increment at a robust CAGR of 12.6% during the forecast period 2017-2022.Cybersecurity can be defined as detecting, protecting, and responding to potential cyber attacks.
These attacks can lead to huge monetary loss, security breaches in protected systems, theft of personal identity, and most importantly theft of data.
Cybersecurity helps in securing the sensitive information of a system mainly when data is being transferred through networks.
The most common types of threats are malware, phishing, trojan droppers, and ransomware.The information is based on a recent business intelligence report from IndustryARC, titled “Cyber Security Market : by type (cybersecurity software, cybersecurity hardware, others); by domain(network & endpoint security, internet of things/industrial internet of things security, threat intelligence, mobile security, behavioral detection, cloud security, deception security and others); by technologies (context –aware behavioral analytics, next-generation breach detection, virtual dispersive networking (vdn) ,others ) by industry vertical (aerospace, government, financial services, healthcare, telecommunications, automobile, information technology sector and others).”Global Cybersecurity Market TrendsArtificial Intelligence, Machine Learning, and IoTThe IoT is connecting each and every electrical device with internets such as television, air conditioner, lights, and every other electrical product one can imagine.
On the other hand, OS such as iOS and BlackBerry 10 are considered much more secure.The Widespread Adoption of Activated Smart SpeakersThe huge acceptance of smart speakers such as Amazon Alexa and OK Google has increased the reach of cyber attackers by a considerable extent.
The report provides a detailed and extensive analysis on global Industrial Cybersecurity Market by Fast.MR Market Research , that can be used to obtain a thorough understanding of the Industrial Cybersecurity Industry, including the latest developments in the studied market .The report mainly studies the market size of Industrial Cybersecurity Products/Services, recent trends and status of growth, as well as investment opportunities, market dynamics (such as growth drivers, restraints), and industry news updates (such as mergers, acquisitions, and investments).The efficiency of the product/service will be further optimized by technical advancement and development, making it more broadly used in downstream applications.Our research analysts have carefully examined both the positive and negative factors affecting the Industrial Cybersecurity Market.
The current pandemic situation of COVID-19 has adversely affected the market, our analysts have covered- up all possible impacts of it that is going to affect the Industrial Cybersecurity Market during post COVID-19 period.
The qualitative approach which is an exploratory approach and uses activities such as focus groups, in-depth interviews and Ethnographic research – which involves participant observation as part of field research and the quantitative approach uses objective measurements and numerical analysis of data that is collected through research methods such as surveys, polls and questionnaires.Access Sample Report With Detail Analysis COVID -19 @ https://www.fastmr.com/request-s/267Market Segmentation:The research offers a comprehensive analysis of global Industrial Cybersecurity Market with respect to following sub-markets:By Security Type:Network SecurityEndpoint SecurityApplication SecurityCloud SecurityWireless SecurityData SecurityOthersBy Offering Type:ProductsSolutions & ServicesBy Product:GatewayRouterEthernet SwitchesBy Solutions:AntivirusFirewallDDosData Loss Prevention (DLP)SCADAOthersBy Services:Professional ServicesManaged ServicesBy Organization Size:LargeSME’sBy Deployment Type:CloudOn-premiseBy End-Use Vertical:IT & TelecomRetailBFSIHealthcareDefense/GovernmentManufacturingEnergyTransportationOthersRegional Analysis:-North America (U.S. & Canada).-Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe).-Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific).-Latin America (Brazil, Mexico, and Rest of Latin America).-Middle East & Africa (GCC, North Africa, South Africa, and Rest of Middle East & Africa).Aim of the study:The study provides a detailed competitive landscape along with comprehensive analysis of product line, product innovation, technological development, business models, market share and size of global Industrial Cybersecurity Market.
The report covers a study of recent industry trends, including product releases, mergers, acquisitions, alliances, joint ventures and collaborations.
The study provides a futuristic understanding of business scenario for the 2019-2025 forecast period.Leading players of Industrial Cybersecurity Market are as follows:The market research report provides analysis of major & niche key market players in global Industrial Cybersecurity Market based on their sales & revenue, market served, products, regional growth, and other factors.
In addition to this, the report also profiles various major & niche key market players in the market –Schneider Electric SEBayshore NetworksKaspersky LabsABB Ltd.SplunkBroadcom INCFireeyeMcAfee LLCPalo Alto Networks Inc.Trend Micro IncorporatedProofpointMicrosoftDell Inc.IBM CorporationCisco Systems Inc.Honeywell International Inc.FortinetCyberArk Software Ltd.Rockwell Automation Inc.Symantec CorporationCheck Point Software Technology Ltd.Siemens AGOther PlayersThe Following are the Key Features of Global Industrial Cybersecurity Market Report:-Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis-Growth Drivers and Barriers, Market Trends & Market Opportunities-Porter’s Five Forces Analysis & Trade Analysis-Market Forecast Analysis for 2019-2025-Market Segments by Geographies and Countries-Market Segment Trend and Forecast-Market Analysis and Recommendations-Price Analysis-Key Market Driving Factors-Industrial Cybersecurity Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.Browse Full Report With Detail Analysis With COVID -19 Impact @ https://www.fastmr.com/report/267/industrial-cybersecurity-marketKey Questions Answered-What is the impact of Covid-19 on Global Industrial Cybersecurity Market and strategies for recovery?-What are the new trends influencing the growth of Industrial Cybersecurity Market?
