Oil & Gas Infrastructure Security Market Forecast 2014-2024

Oil & Gas Infrastructure Security MarketOil & Gas Infrastructure Security Market Forecast 2014-2024 PR Newswire LONDON, April 9, 2014 Prospects for Security Personnel and Cyber, Maritime & Perimeter Security Companies The oil and gas infrastructure security market will experience steady growth over the next 10 years. The unconventional oil and gas boom, the expansion of the LNG infrastructure supply chain, continued offshore developments and the emergence of the digital oilfield are all prime factors for new security solution spending. Visiongain has assessed that global expenditure on oil and gas infrastructure security provisions will reach $36.9bn in 2014. There are myriad factors affecting the security environment in which oil and gas assets are developed and transited. Current oil and gas infrastructure, future expansion plans, 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. Instability in some market spaces is currently on the increase - Nigeria, Libya, Iraq, Yemen - to name but a few examples, and this is increasing the security spend on onshore infrastructure security personnel.