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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Market Estimates and Forecasts, 2014-2025
4 Premium Insights
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 Market Overview and Industry Trends
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 Oil and Gas Security and Service Market, by Component
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 Oil and Gas Security and Service Market, by Service
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 Oil and Gas Security and Service Market, by Security Type
8.1 Introduction
8.2 Physical Security
8.3 Network Security
9 Oil and Gas Security and Service Market, by Operation
9.1 Introduction
9.2 Upstream
9.3 Midstream
9.4 Downstream
10 Oil and Gas Security and Service Market, by Region
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 Competitive Landscape
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 Company Profiles
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
13 Adjacent Markets
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/5me6of
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/enghouse-video-partners-with-sonifi-health-to-deliver-advanced-telehealth-solutions-in-hospital-rooms-302126882.html
Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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View original content:https://www.prnewswire.co.uk/news-releases/global-insurance-provider-selects-3clogic-to-streamline-ai-and-contact-center-capabilities-with-servicenow-302127739.html
Artificial Intelligence
ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO
Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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View original content:https://www.prnewswire.co.uk/news-releases/screenpoint-medical-leadership-transition-pieter-kroese-confirmed-as-ceo-302127719.html
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