Asia Pacific Oil And Gas Security Market Size & Outlook
Asia Pacific oil and gas security market, 2018-2030 (US$M)
Asia Pacific oil and gas security market highlights
- The Asia Pacific oil and gas security market generated a revenue of USD 4,152.8 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,152.8 million |
| Market revenue in 2030 | USD 6,322.8 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | Symantec, Halliburton Co, Baker Hughes Co Class A, Shell PLC, Huawei Technologies, DuPont de Nemours Inc, KBR Inc, Parsons Corporation, Waterfall Security Solutions, Siemens AG, Schneider Electric SE, Honeywell International Inc, Cisco Systems Inc, ABB Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.8% of the global oil and gas security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,322.8 million by 2030.
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Oil And Gas Security Market Scope
Oil And Gas Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific oil and gas security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oil and gas security market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific oil and gas security market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in cyber threats targeting critical infrastructure has become a significant concern for the oil and gas industry in the Asia Pacific region. Countries such as Japan and South Korea, which rely heavily on imported oil and gas, have been ramping up their cybersecurity measures to protect their energy supply chains.
For instance, after a series of cyberattacks on its energy sector, Japan has implemented stricter regulations and increased investments in AI-powered threat detection systems for its oil and gas facilities.
Similarly, Australia has been working closely with industry partners to develop robust cybersecurity frameworks specifically tailored for its rapidly growing liquefied natural gas (LNG) export industry.
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Target buyers of Asia Pacific oil and gas security market databook
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Our clientele includes a mix of oil and gas security market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific oil and gas security market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific oil and gas security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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