There are many companies that are operating in this segment,
providing cyber threat security to the companies that operate in the oil and
gas industry. According to the study, ‘Cyber
Security In Oil & Gas - Thematic Research’, some of the companies
that operate in this industry include Ahnlab,
Airbus, Akamai, BAE Systems, Barracuda Networks, Check Point Software
Technologies, Cheetah Mobile, Cisco, CyberArk Software, F5 Networks, FireEye,,
Fortinet, F-secure, Gemalto, Gigamon, IBM, Intel, Juniper Networks, KEYW,
LifeLock, Micro Focus, Microsoft, MobileIron and NetScout Systems. Some of
these companies have recently entered this industry which makes the competition
somewhat fragmented. However, major market share has been grabbed by big names
which have been operating in the IT sector for more than a decade. The key
reason for their high market share is the trust factor they have built due to
their operations.
One of the recent trends that have been witnessed recently is the
growing integration of the technology and software industry with the oil and
gas industry. The growing use of technology in this industry has made the oil
and gas industry more vulnerable to cyber security threats. The door to
cyber security threats has recently been opened due to the growing demand of
technology in the oil and gas industry. Many companies face issued for instance
petroleum companies face the issue of hydrocarbon installation terrorism which
has the potential to cause entire plant shut down which would lead to sabotage
of activities as well as disruption of entire utilities. Oil and gas play an
important role in the lives of all individuals, which makes the protection of
this particular sector very important. Underestimating the damage that could be
caused due to a cyber attack on one of the most important industries would be a
mistake.
The regulation exercised over cyber security
is quite less in the oil and gas sector. However, there are body of standard
and regulations that need to be adhered to by the companies. These industries
are both from the side of the government as well as at the industrial level
which tries to ensure their own internal policy is able to meet the security
needs which depends on their own infrastructure and data. The guidelines that
have been issued are not compulsory but rather mandatory but still a company
that ignores these rules and regulations puts the entire organization at the
risk of being harmed. These policies and procedures are some of the most
recognized across various industries, not following them puts the entire oil and
gas industry at risk.
The number of cyber security threats is
increasing year on year in the oil and gas industry which makes it a potential
market. The number of increasing cases of cyberattacks on the oil and gas
industry has led to many companies establish this business in this area. Thus
the competition landscape is fragmented. The growth rate in this industry is
expected to be high considering the increasing number of cyberattacks which is
expected to be carried forward to the next year as well.
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more information on the research report, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
