Artificial Intelligence
Global Oil and Gas Security and Service Market (2020 to 2025) – Rise in Adoption of Internet of Things Presents Opportunities
Dublin, Jan. 13, 2021 (GLOBE NEWSWIRE) — The “Oil and Gas Security and Service Market by Component (Solution and Services), Services, Security Type (Physical Security and Network Security), Operation (Upstream, Midstream, and Downstream), and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global oil and gas security and service market size is expected to grow from an estimated value from USD 25.3 billion in 2020 to USD 32.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.
The oil and gas security and service industry is driven by various factors, such as growing political instability in Middle East and need to ensure compliance with industry regulations in oil and gas security and service market. However, high reliance on existing security solutions can hinder the growth of the market.
The recent COVID-19 pandemic is expected to impact the oil and gas security and service industry. The pandemic and subsequent response is already exerting pressure on governments, economies, households, and different industries across world. The oil and gas industry, both on shore and offshore, are mostly affected by Stuxnet and Exxon’s Torrance. Fluctuation in oil prices and political instability in the MEA and APAC region have set the stage for cyber disasters in the oil and gas industry.
Service segment to grow at a higher CAGR during the forecast period According to the deputy director of GCHQ, Brian Lord, the oil and gas industry is the second most susceptible sector to cyber-attacks. The upstream, midstream, and downstream sectors are highly digitalized, which makes them more prone to cyber-attacks. Companies are focusing more on security services to prevent such attacks. Viruses and malware are evolving daily due to which it becomes very difficult for old systems and security patches to identify threats. Consequently, organizations are updating security patches and software to secure themselves from cyber-attacks. Due to the outbreak of COVID-19, companies such as NTT Security is started offering managed services to help oil and gas companies to manage their all aspects of cybersecurity. Increase in the number of connected devices, which raises the number of endpoints, has increased cyber issues recently. Moreover, lack of awareness about oil and gas security solutions and services, difficulty in the implementation of the IT technologies, and vulnerabilities associated with the cloud have also affected the oil and gas industry, which provides growth opportunities to service providers.
Solution segment to account for a higher market share during the forecast period
Oil and gas companies, which form the backbone of many regions, are facing unprecedented challenges due to various reasons, ranging from geopolitical issues to the obstacles created by the current pandemic. Onshore wells, offshore platforms, and oil and gas pipelines constitute the key assets of energy companies and ensuring the cybersecurity of these assets is critical for companies. To comply with regulations, upkeep asset performance, and utilize business resources optimally, oil and gas companies are switching to cloud technologies. Migration to the cloud makes organizations more vulnerable to cyber-attacks, which call for proper security measures. The increasing number of mobile devices, including personal and those used by field personnel, in utility companies’ corporate networks has raised the chances of cyber-attacks. Consequently, the demand for security solutions has catapulted remarkably.
Middle East and Africa to grow at the highest rate during the forecast period
The oil and gas security and service market in Middle East and Africa is expected to grow at the highest CAGR during the forecast period. The rise of various terrorist groups and militias and vacuum created due to the ineffective governments in the Middle Eastern and northern African countries is propelling the need for oil and gas security solutions. In North America, there is a tremendous demand for oil and gas security and service. 1 Introduction
2 Research Methodology
3 Executive Summary 4 Premium Insights 5 Market Overview and Industry Trends 6 Oil and Gas Security and Service Market, by Component 7 Oil and Gas Security and Service Market, by Service 8 Oil and Gas Security and Service Market, by Security Type 9 Oil and Gas Security and Service Market, by Operation 10 Oil and Gas Security and Service Market, by Region 11 Competitive Landscape 12 Company Profiles 13 Adjacent Markets
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/5me6of Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Key Topics Covered:
3.1 Market Estimates and Forecasts, 2014-2025
4.1 Attractive Opportunities in Oil and Gas Security and Service Market
4.2 North America: Market, by Component and Country, 2020
4.3 Market, by Component, 2020-2025
4.4 Market, by Operation, 2020-2025
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Expenditure by Oil and Gas Companies on Network and Physical Security
5.2.1.2 Growing Political Instability in Middle East
5.2.1.3 Need to Ensure Compliance With Industry Regulations
5.2.2 Restraint
5.2.2.1 High Reliance on Existing Security Solutions
5.2.3 Opportunity
5.2.3.1 Adoption of Cloud Technologies in Oil and Gas Industry
5.2.3.2 Rise in Adoption of Internet of Things (IoT)
5.2.4 Challenges
5.2.4.1 Lack of Awareness and Security Training Within Oil and Gas Industry
5.2.4.2 Difficulty in Implementation of Comprehensive Security Solutions in Multisite Facilities
5.3 Covid-19 Pandemic-Driven Market Dynamics
5.3.1 Drivers and Opportunities
5.3.2 Restraints and Challenges
5.3.3 Cumulative Growth Analysis
5.4 Use Cases
5.4.1 Kaztransoil Deployed Erpscan for Its Sap System to Prevent Cyber Attacks and Keep Critical Infrastructure More Secured
5.4.2 a Leading Oil and Gas Company in Us Enhanced Its Industrial Cybersecurity With Help of Moxa
5.4.3 Global Offshore Oil and Gas Company Deployed Solutions Provided by Waterfall Security Solutions to Protect Offshore Exploration and Production from Evolving Cyber Threats
5.5 Value Chain Analysis
5.5.1 Oil and Gas Security and Service Market: Value Chain Analysis
5.6 Ecosystem
5.7 Technology Analysis
5.7.1 Artificial Intelligence and Predictive Analytics
5.7.2 Cloud and Mobility
5.8 Pricing Analysis
5.9 Regulatory Landscape
5.9.1 Iso 29001 for Oil and Gas
5.9.2 Federal Energy Regulatory Commission
5.9.3 Sarbanes-Oxley Act
5.1 Adjacent Markets
6.1 Introduction
6.1.1 Component: Covid-19 Impact
6.1.2 Market Estimates and Forecasts, by Component, 2014-2025
6.2 Solution
6.2.1 Solution: Market Drivers
6.2.2 Market Estimates and Forecasts, by Region, 2014-2025
6.2.3 Market Estimates and Forecasts, by North American Country, 2014-2025
6.2.4 Market Estimates and Forecasts, by European Country, 2014-2025
6.2.5 Market Estimates and Forecasts, by APAC Country, 2014-2025
6.2.6 Market Estimates and Forecasts, by MEA Country, 2014-2025
6.3 Services
6.3.1 Services: Market Drivers
6.3.2 Market Estimates and Forecasts, by Region, 2014-2025
6.3.3 Market Estimates and Forecasts, by North American Country, 2014-2025
6.3.4 Market Estimates and Forecasts, by European Country, 2014-2025
6.3.5 Market Estimates and Forecasts, by APAC Country, 2014-2025
6.3.6 Market Estimates and Forecasts, by MEA Country, 2014-2025
7.1 Introduction
7.1.1 Services: Covid-19 Impact
7.1.2 Market Estimates and Forecasts, by Services, 2014-2025
7.2 Risk Management Services
7.2.1 Risk Management Services: Market Drivers
7.2.2 Market Estimates and Forecasts, by Region, 2014-2025
7.2.3 Market Estimates and Forecasts, by North American Country, 2014-2025
7.2.4 Market Estimates and Forecasts, by European Country, 2014-2025
7.2.5 Market Estimates and Forecasts, by APAC Country, 2014-2025
7.2.6 Market Estimates and Forecasts, by MEA Country, 2014-2025
7.3 System Design, Integration, and Consulting
7.3.1 System Design, Integration, and Consulting: Market Drivers
7.3.2 Market Estimates and Forecasts, by Region, 2014-2025
7.3.3 Market Estimates and Forecasts, by North American Country, 2014-2025
7.3.4 Market Estimates and Forecasts, by European Country, 2014-2025
7.3.5 Market Estimates and Forecasts, by APAC Country, 2014-2025
7.3.6 Market Estimates and Forecasts, by MEA Country, 2014-2025
7.4 Managed Services
7.4.1 Managed Services: Market Drivers
7.4.2 Market Estimates and Forecasts, by Region, 2014-2025
7.4.3 Market Estimates and Forecasts, by North American Country, 2014-2025
7.4.4 Market Estimates and Forecasts, by European Country, 2014-2025
7.4.5 Market Estimates and Forecasts, by APAC Country, 2014-2025
7.4.6 Market Estimates and Forecasts, by MEA Country, 2014-2025
8.1 Introduction
8.2 Physical Security
8.3 Network Security
9.1 Introduction
9.2 Upstream
9.3 Midstream
9.4 Downstream
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 Latin America
11.1 Introduction
11.1.1 New Solution Launches/Solution Enhancements
11.1.2 Partnerships
11.1.3 Acquisitions
11.2 Company Evaluation Matrix
11.2.1 Star
11.2.2 Emerging Leader
11.2.3 Pervasive
11.3 Start-Up Quadrant
11.3.1 Progressive Companies
11.3.2 Starting Blocks
11.3.3 Responsive Companies
11.3.4 Dynamic Companies
11.4 Market Share, 2020
12.1 Introduction
12.2 Cisco
12.3 Honeywell
12.4 Siemens
12.5 Microsoft
12.6 Nortonlifelock
12.7 Lockheed Martin
12.8 Waterfall Security Solutions
12.9 ABB
12.10 Parsons
12.11 Fortinet
12.12 Trend Micro
12.13 Sophos
12.14 Forescout
12.15 GE
12.16 Nozomi Networks
12.17 Cnl Software
12.18 Moxa
12.19 Synectics
12.20 Intel
12.21 Speedcast
12.22 GPS Security
12.23 Athos
12.24 TSN
12.25 J&G Security
12.26 Booz Allen
12.27 Thales
12.28 HCL
12.29 IBM
12.30 Bae Systems
12.31 Xage Security
12.32 Right to Win
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Artificial Intelligence
MGI Tech and SeqOne Partner to Advance End-to-end Genomic Analysis
PARIS, June 17, 2024 /PRNewswire/ — MGI (MGI Tech Co., Ltd. or its subsidiaries, together referred to MGI), a company committed to building core tools and technologies that drive innovation in life science, today announced the collaboration with SeqOne, a leading provider of AI-driven genomic decision support software, to develop and validate end-to-end genomic analysis solutions from sample to report tailored to the needs of Human Genetics and Pathology labs worldwide.
This collaboration between MGI and SeqOne encompasses three distinct initiatives:
Validating an end-to-end, automated, cost-effective solution for HRD signature with MGI DNBSEQ-G99
The collaboration between a Pathology Reference Lab in Spain, Agilent Technologies, MGI, and SeqOne aims to technically validate a routine workflow leveraging Agilent panels, Magnis lib prep automation, MGI DNBSEQ-G99, and SeqOne somaHRD, a clinically validated HRD signature solution, on 96 samples.
This end-to-end solution for pathology molecular labs will enable high-quality, efficient, and flexible HRD testing worldwide, including Genomic Instability score and BRCA testing.
Enabling and validating SeqOne tertiary analysis solution compatible with MGI Megabolt for Germline Panels, Whole Exome and Whole Genome
MegaBOLT bioinformatics analysis accelerator, self-developed and MPS-concentrated hardware accelerating system by MGI, is set to ensure seamless integration and compatibility with SeqOne’s AI-powered variants identification and analysis solution.
The collaboration aims to combine MegaBOLT and the SeqOne Platform to deliver a versatile, cost-effective, intuitive, and time-saving solution from sample to report, particularly attractive for high-throughput Human Genetics labs.
Validating SeqOne CE-IVD Platform for Germline and Somatic analysis for use with MGI sequencers in routine diagnostics
This technical validation project aims to evaluate the compatibility of the SeqOne Platform with MGI sequencing data. It will validate variant calling performances on a set of reference control samples in terms of QC, sensitivity and precision.
“We are thrilled to announce our collaboration with SeqOne. By combining MGI’s cutting-edge sequencing technology with SeqOne’s innovative genomic analysis Platform, we are poised to deliver real insights and solutions for personalized healthcare,” said Dr. Yong Hou, General Manager of MGI Europe and Africa. “This collaboration underscores our commitment to advancing genomic research and providing clinicians with the tools they need to offer tailored treatments to their patients.”
“This partnership with MGI strongly supports SeqOne’s mission to broaden access to sophisticated genomic analysis, aiming to improve healthcare outcomes,” said Martin Dubuc, CEO, SeqOne. “Molecular laboratories globally are exploring how MGI’s sequencing and bioinformatics technologies can advance next-generation sequencing (NGS) research and diagnostics. We are eager to integrate SeqOne’s CE-IVD Platform with MGI’s offerings, enhancing the quality, sensitivity, and precision of bioinformatic analyses.”
About MGI
MGI Tech Co., Ltd. (or its subsidiaries, together referred to MGI) is committed to building core tools and technologies that drive innovation in life science. Our focus lies in research & development, manufacturing, and sales of instruments, reagents, and related products in the field of life science and biotechnology. We provide real-time, multi-omics, and full spectrum of digital equipment and systems for precision medicine, agriculture, healthcare and various other industries. Founded in 2016, MGI has grown into a leader in life science, serving customers across six continents and have established research, manufacturing, training, and after-sales service facilities globally. MGI stands out as one of the few companies capable of independently developing and mass-producing clinical-grade gene sequencers with varying throughput capacities, ranging from Gb to Tb levels. With unparalleled expertise, cutting-edge products, and a commitment to global impact, MGI continues to shape the trajectory of life sciences into the future. To learn more, please visit https://en.mgi-tech.com/, LinkedIn, X, and YouTube.
About SeqOne
SeqOne is a fast-growing deep-tech company focused on turning genomic data into medically- actionable insights in oncology and rare and inherited diseases. Our vision is to make personalized healthcare a reality for every patient, everywhere. We are committed to democratizing access to advanced genomic insights, enabling labs of any size, in any location, to offer affordable personalized medicine solutions to patients at scale. We integrate cutting-edge AI and big data technologies to redefine genetic data analysis. Our CE-IVD Platform provides time saving, flexible, and cost-effective decision support, empowering decentralized laboratories worldwide to deliver precision diagnostics.The company has won numerous awards, including the iLab award and the ARC Cancer Foundation’s Hélène Stark prize. Investors include Elaia, IRDI Capital Investissement, Merieux Equity Partners, Omnes, and Software Club. To learn more, please visit www.seqone.com and Linkedin.
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Artificial Intelligence
Symphony Talent’s Award-Winning Full-Funnel Talent Acquisition Portfolio Earns Strategic Challenger Status on Fosway 9-Grid™ for Third Consecutive Year
NEW YORK and LONDON, June 17, 2024 /PRNewswire/ — Symphony Talent, a global leader in recruitment marketing technology and employer brand services, has been named a Strategic Challenger on the 2024 Fosway 9-Grid™ for Talent Acquisition for the third consecutive year, demonstrating Symphony Talent’s consistent dedication to providing cutting-edge solutions that drive game-changing results for talent acquisition teams worldwide.
“From rapidly evolving technologies to shifting candidate expectations, the TA industry faces many challenges,” says Sven Elbert, Head of Analyst Services at Fosway Group. “A full-funnel talent acquisition solution — that seamlessly aligns employer branding, technology and data analytics to the candidate journey — is essential to address these complexities. Symphony Talent provides a robust framework for meeting the diverse needs of complex, global enterprise-scale clients.”
Empowering TA Teams with Full-Funnel Solutions
Symphony Talent’s extensive portfolio of talent acquisition solutions, including its Brand and Creative Services, Programmatic Media Advertising, Career Sites, CRM, and Assessments, drive outstanding client results by addressing every stage of the talent acquisition funnel. Over 700 global clients leverage Symphony Talent’s innovative technologies and strategic expertise, achieving significant outcomes, such as:
Cutting administrative recruiting tasks by 65%Spending 70% less time managing media spendReducing time spent qualifying talent by 60%Decreasing cost per hire by 25%Filling open positions 30% fasterEnsuring quality hires with a 15% reduction in employee turnover”We are honored to be recognized as a Strategic Challenger on the Fosway 9-Grid™ for the third year in a row,” says Kermit Randa, CEO of Symphony Talent. “This achievement highlights our ongoing commitment to connect clients with innovative, high-impact solutions and data that empower them to navigate the complexities of today’s talent landscape and confidently convert candidates to co-workers.”
Highlights of Symphony Talent’s Achievement:
Innovation and Leadership: Symphony Talent’s continuous recognition as a Strategic Challenger is a testament to its unwavering commitment to innovation and leadership in the talent acquisition industry. The company’s comprehensive suite of solutions, including the award-winning SFX platform, integrates brand and creative services with recruitment marketing technology to streamline the hiring process and enhance candidate experience.Client-Centric Approach: Symphony Talent’s focus on understanding and addressing its clients’ evolving needs has been pivotal in maintaining its strategic position. Symphony Talent ensures clients achieve tangible and measurable outcomes by offering personalized support, detailed implementation schedules, and optimization workgroups.Adaptation to Market Trends: With a deep understanding of the current market dynamics and the challenges faced by talent acquisition teams, Symphony Talent has continuously adapted its offerings to meet these demands. This includes leveraging AI and automation to enhance productivity and providing data-driven insights to optimize recruitment strategies.About the Fosway 9-Grid™
Fosway Group is Europe’s #1 HR industry analyst. The Fosway 9-Grid™ provides a unique assessment of the principal learning and talent supply options available to organisations in EMEA. The analysis is based on extensive independent research and insights from Fosway’s Corporate Research Network of over 250 organisations, including BP, HSBC, PwC, RBS, Sanofi, Shell, and Vodafone. Visit the Fosway website at www.fosway.com.
About Symphony Talent
Symphony Talent is a recruitment marketing technology and employer brand services company that helps talent acquisition teams execute strategic, innovative candidate interactions. Our award-winning, synergistic technology and brand solutions are designed to deliver outcomes — from reach to retention — that unlock a competitive advantage for clients across the globe, including the world’s leading brands. Visit symphonytalent.com to learn more.
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Artificial Intelligence
Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees
DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.
The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
Read more reviews
About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
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