Oil prices are at unprecedented low levels, but security market in the oil and gas vertical is expected to grow at a CAGR of about 5 percent from 2015 through 2020. Several reasons contribute to this, the most important being the need to reduce operational expenses and manage concerns of terrorism and geopolitical tensions. In this article we take a look at the changing oil and gas market landscape and how it impacts the security industry......

After its success in the U.S., fracking is becoming increasingly popular in other parts of the world, despite some opposition. In spite of the lower oil prices, there has been no major move to cut down shale oil production, which points towards a possible increase in security demand from this market. Amit Mattaria, President and CEO at Opgal Optronic Industries, pointed out that fracking infrastructure are extremely sensitive as any sort of damage to the facilities can have catastrophic results......