The expenditure on Oil & Gas Infrastructure Security will reach $25.43bn in 2015, says Visiongain

LONDON - July 22, 2015 - PRLog -- LONDON, UK. 24th APRIL 2015: Visiongain’s brand new 358 page report Oil & Gas Infrastructure Security Market Forecast 2015-2025: Prospects for Leading Personnel, Perimeter, Maritime & Cyber Security Companies in a Lower Oil Price Environmentindicates that expenditure on oil & gas infrastructure security will reach $25.43bn in 2015. This is due to the unconventional oil and gas boom, oil price collapse, expansion of the LNG infrastructure supply chain, destabilization across the Middle East and North Africa, continued offshore developments and the emergence of the digital oilfield all becoming major factors for new security spending.

There are a multitude of factors affecting the security environment in which oil and gas assets are developed and transited.  Current oil and gas infrastructure, future expansion plans, revenues from oil and gas products, the present and evolving security situation and the perception of those responsible for infrastructure security all shape current and future spending.  Threat perception is particularly important for the IT asset security market; this is because many mid- and small-cap oil and gas companies continue to be unaware of the vulnerabilities inherent in the automation and control systems they are beginning to use on a daily basis.

The lead analyst for the report commented that

“Net growth in spending to secure oil and gas facilities is anticipated as demand for, and production of oil and gas products continues to grow, much of which is produced from regions that are increasingly unstable. Spending is largely driven by costs associated with arming and maintaining security personnel both at onshore facilities and on floating oil and gas platforms and carrier vessels. Two other areas of analysis- that of cyber security and of perimeter security- are growing and are of increasing interest and technological complexity, but contribute less to the global security spend. The oil price collapse between June of 2014 and January 2015 has had clear impacts on producing nations and infrastructure development. As global production remains high however, spending to secure workers and facilities also remains high.”

The importance of oil and gas revenue – as a percentage of government revenue, and therefore power – creates a situation wherein the hydrocarbon assets are strategic targets for dissidents.  This consistently leads to a very significant focus on the security of oil and gas infrastructure at a level far above that of territories in which oil and gas is less correlated with the government’s power.

Within the report, 197 tables, charts, and graphs reveal the prospects for the oil & gas infrastructure securitymarket from 2015-2025. A Global oil & gas infrastructure securitymarket forecast from 2015-2025 is provided.  There are forecasts for the keyoil & gas infrastructure security submarkets from 2015-2025: Onshore Security Personnel, Maritime Security, Cyber Security, Perimeter Security, Access Control & Electronic Surveillance. The latter submarket is subdivided Pipeline Perimeter Security and Facilities Perimeter Security.

There are also forecasts for the 16 leading national oil & gas infrastructure security markets – 8 of which are further broken down into the 4 submarkets. Detailed tables of significant regional oil & gas infrastructure security contracts, projects & programmes reinforce the forecast and analysis.

A company’s chapter profiles the leading 35 providers of oil & gas infrastructure security solutions worldwide; from perimeter security, to personnel to cyber security solutions and to the provision of security in the offshore environment.  The most prominent and up-and-coming companies are detailed.

Last of all, 3 interviews from Waterfall Security, LPD Risk Management and an anonymous professional in the Mexican oil and gas Industry provide expert insight alongside visiongain’s analysis.

Oil & Gas Infrastructure Security Market Forecast 2015-2025: Prospects for Leading Personnel, Perimeter, Maritime & Cyber Security Companies in a Lower Oil Price Environmentreport will be of value to current and potential future stakeholders and/or investors in the oil and gas industry, as well as any entity seeking to supply security solutions to the industry going forward. It will also benefit companies and research centres that wish to broaden their knowledge and understanding of what factors and variables are of the most importance for determining expenditure on security solutions for oil and gas infrastructure.

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.