Global Oil and Gas Security and Service Market: Key Highlights
Global Oil and Gas Security and Service Market: Key Market Dynamics
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Global Oil and Gas Security and Service Market: Regional Overview
The region is witness to be one of the leading in the adoption of advance technologies... Whereas, the technological growth such as developments of products has also contributed an opportunity for the market growth in the region. Also the region has known as a major player in adoption of oil and gas security solution. The region is anticipating to be a leading player for the adopting of new emerging technologies which includes cloud and mobile technologies for the oil and gas security.
Hence, US and Canada is projected to plays a major contribution for the growth of the market in the region. These trend will lead to enhance the growth of the oil and gas security and service market in the projected period.
The Asia-Pacific is witness to be one of the major player for the adoption of new technologies for the growth of financial sector as well as the government services. Whereas, Japan, China and India has also taking initiatives for the technological advancement such as cloud, Artificial Intelligence and Internet of thing for the growth of economic development of the region. Hence the initiative taken by the Chinese government, of Made in China 2025 will also lead to boost the market in the projected period.
Hence, these may lead to increase the demand of the market in the forecast period.
Global Oil and Gas Security and Service Market: Key Players Overview
Cisco is American multinational technology company which develop and sells software, networking hardware as well as telecommunication equipment. The company helps to enhance and optimize oil and gas assets and production from the business. Whereas, 2019, the company had acquired Sentryo, which is a provider of visibility and security solutions for Industrial Control Systems (ICS) networks. However, with combining Sentryo’s capabilities with its network architecture the Cisco can provide IoT advantages to the oil and gas sector.
Honeywell is a multinational conglomerate, which mainly operate in Aerospace, Building technologies, performance Materials & Technologies, and Safety & Productivity Solutions. In 2018, the company had introduce a new connected gas detector which listens for leaks ultrasonically, complementing fixed gas detectors to better protect workers as well as helps to facilities against deadly toxic and explosive gas leaks. However, the company provides enhance services for the oil and gas customers.
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