Middle East & Africa Oil And Gas Security And Service Market Size & Outlook
The oil and gas security and service market in Middle East & Africa is expected to reach a projected revenue of US$ 9,521.7 million by 2030. A compound annual growth rate of 7.8% is expected of Middle East & Africa oil and gas security and service market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,627.5
Forecast, 2030 (US$M)
$9,521.7
CAGR, 2024 - 2030
7.8%
Report Coverage
Middle East & Africa
Middle East & Africa oil and gas security and service market, 2018-2030 (US$M)
Related Markets
MEA oil and gas security and service market highlights
- The MEA oil and gas security and service market generated a revenue of USD 5,627.5 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 5,627.5 million |
| Market revenue in 2030 | USD 9,521.7 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | Cisco Systems Inc, Honeywell International Inc, Huawei Digital Power Technologies Co, Huawei Technologies, Intel Corp, Microsoft Corp, Schneider Electric SE, Siemens AG, United Technologies Corporation |
Other key industry trends
- In terms of revenue, MEA region accounted for 22.1% of the global oil and gas security and service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 9,521.7 million by 2030.
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Oil and Gas Security and Service Market Scope
Oil and gas security and service market segmentation & scope
Security Type
Physical Security
Network Security
Services
Risk Management Services
System Design, Integration, and Consulting
Managed Services
Operation
Upstream
Midstream
Downstream
Application
Exploring and Drilling
Transportation
Pipelines
Distribution and Retail Services
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Oil and Gas Security and Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa oil and gas security and service market
Related industry reports
Related regional statistics
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