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Research Report on Oil And Gas Analytics Market in Global-2024

Author: Kishor Deochake
by Kishor Deochake
Posted: Dec 17, 2018

Our latest research report entitled Oil and Gas Analytics Market (by services (professional, cloud, integration and big data and predictive analytics), deployment (premise and hosted), application (upstream, midstream and downstream.)) provides complete and deep insights into the market dynamics and growth of Oil and Gas Analytics. Latest information on market risks, industry chain structure Oil and Gas Analytics cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Oil and Gas Analytics growth factors.

The forecast Oil and Gas Analytics Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Oil and Gas Analytics on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global oil and gas analytics market is projected to grow at a CAGR of 20% over the forecast period of 2018-2024.

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Oil and gas is a data driven industry where data form an integral part of exploration and drilling program, or in using smart metering and supervisory control and data acquisition (SCADA) systems in midstream, the industry heavily depends on IT and data analytics to increase the speed of finding oil, enhance oil recovery, and reduce health, safety, and environment risks that arise due to equipment failure or operator error. Oil and gas companies exist in a rapidly changing environment. There are many external challenges which an oil and gas company can face such as new methods for extracting energy, alternative forms of energy that can enter the market and create an oversupply, and so on. Moreover, political disturbances too can create shortages. While facing such uncertainty, many companies place emphasis on better asset management and control. Apart from maintaining effective and efficient oil and gas exploration it is important to have favorable environment track record and maintain good public and government relations. In addition, gaining government approval for new exploration and production remains top priorities for good business scope. The potential for Big data and analytics lies in accessing the amount of new and untapped data, thereby enabling the use of data across disciplines.

Untapped value of big data in the oil and gas industry is the factor driving the growth of the oil and gas analytics market. In addition, increase in demand for oil & gas, and advancements in technology to lower the operation and maintenance cost are the factors fuelling the growth of the oil and gas analytics market. Strict government regulation to ensure safety during operation will further complement the industry growth. However, harsh climatic conditions, and communication links and price volatility in oil and gas market is likely to restrain the growth of the oil and gas analytics market. Furthermore, Evolutions of digital oilfields and cloud analytics are anticipated to create immense growth opportunities for the key players in the oil and gas analytics market. The continuous adoption of advanced analytics solutions among energy companies has helped the key production. This is a key factor boosting the uptake of oil and gas analytics.

Among the geographies, North America dominated the oil and gas analytics market.The majority of share is held by U.S owing to the high process rate of oil and gas exploration and production. North America is also one of the regions where the oil price slump has triumph the hardest and has been a major enabler of analytics implementation. This region is showing a major demand in upstream analytics, due to a rapid increase in exploration and production of unconventional oil and shale gas. As for the Asia Pacific, oil and gas analytics a rapidly strengthening, the IT industry is gaining necessity from the region’s oil and gas sector.

Segment Covered

The report on global oil and gas analytics market covers segments such as, services, deployment and application. On the basis of services the global oil and gas analytics market is categorized into professional, cloud, integration and big data and predictive analytics. On the basis of deployment the global oil and gas analytics market is categorized into on premise and hosted. On the basis of application the global oil and gas analytics market is categorized into upstream, midstream and downstream.

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Major Key Players Mentioned in this Premium Report

The report provides profiles of the companies in the global oil and gas analytics market such as, Hewlett Packard Enterprise Development LP, SAS Institute Inc., IBM, Microsoft, Cisco Systems, Inc., Capgemini, Teradata, Hitachi, Oracle, Drillinginfo Inc. and Accenture.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global oil and gas analytics market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of oil and gas analytics market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the oil and gas analytics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the oil and gas analytics market to understand the present and future trends in this market and formulate their strategies accordingly.

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About the Author

Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position.

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Author: Kishor Deochake

Kishor Deochake

Member since: Nov 20, 2018
Published articles: 461

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