The report features a competitive scenario of the oil & gas security industry and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Cisco Systems, Inc., Siemens AG, Symantec Corporation, Honeywell Corporation, Inc., Corporation, Intel Corporation, General Electric, Microsoft Corporation, ABB Ltd., and Lockheed Martin Corporation. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the oil & gas security market.

Exploring & drilling segment generated maximum share of revenue in 2016 and is expected to dominate the market throughput the forecast period at the CAGR of 7.2%. Among services, managed services segment is expected to witness highest CAGR of 8.4% during the forecast period.

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KEY FINDINGS OF THE STUDY

► The software segment accounted for the highest share of the oil & gas security industry by component in 2016, growing at a CAGR of 6.1% from 2017 to 2023.

► The surveillance segment by security system generated the highest revenue share in 2016 and is projected to grow at a rate of 6.1%.

► The U.S. oil & gas security market generated the highest share, valued at $ 7,298 million, in terms of revenue in 2016.

► The oil & gas security market for managed services is expected to witness the highest growth rate during the forecast period.

North America generated the highest revenue in the global oil & gas security market in 2016 due to its technological advancements and developed infrastructure, and introduction of innovative solutions by the key players in the region. The Asia-Pacific oil & gas security market is expected to grow at the highest rate of 8.8% during the forecast period.

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The report has offered an all-inclusive analysis of the global Oil & Gas Security Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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Key Market Players:

► LOCKHEED MARTIN CORPORATION

► GENERAL ELECTRIC

► PARSONS CORPORATION

► MICROSOFT CORPORATION

► ABB LTD.

► HONEYWELL CORPORATION, INC.

► CISCO SYSTEMS, INC.

► SIEMENS AG

► SYMANTEC CORPORATION

► INTEL CORPORATION

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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