Categories
News

Global Data Business in Oil and Gas Market 2020: Market Share, Size, Competition Landscape, Manufacturers Analysis and Future Opportunity Outlook – 2027

According to a new market report published by Transparency Market Research, the global data business in oil and gas market is expected to reach a value of US$ 64,845.8 Mn by 2026 on account of digitization across the oil and gas industry. In the years 2015 to 2017, the oil and gas industry’s CAPEX fell considerably; however, the industry is focusing on technological advancements to find optimal production techniques for intelligent development of unconventional resources, and to increase the commercial success rates of drilled exploration wells with computer-aided optimization of processes. Investments in oil and gas industry are anticipated to increase gradually from 2018, further driving the digitization across the industry using data science. The market is projected to expand at a CAGR of 18.9% during the forecast period from 2018 to 2026 driven by the increasing adoption of data management & big data software and solutions, and data monetization in the oil and gas industry. North America is anticipated to be the dominant region in the data business in oil and gas market followed by Middle East & Africa during the forecast period.The upstream application segment is expected to observe flourishing growth due to the rising need for enhanced oil exploration and production to maintain the production and to meet the demand in the next decade with sufficient oil and gas discoveries.

data-business-in-oil-gas-market.jpg

Request a Sample of Data Business in Oil and Gas Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47826

Need for generating value from the large amount of data generated in the oil and gas industry driving the global market

The large amount of data generated in the oil and gas industry can be used to discover new oil deposits to meet the global oil and gas demand and to increase operational efficiencies in the upstream, midstream, and downstream sectors of the industry. From exploration and production to trading and retail, classifying and streamlining the massive amounts of data generated with the data management solutions is necessary to optimize functions and enhance safety standards at every stage in the oil and gas industry. With big data analytics solutions, data is analysed to find optimum oil drilling locations and to predict success for new oil and gas exploration. Direct data monetization vendors sell seismic data, well data, production data, and geological survey reports to other companies for producing value from these data reports. The data business market is expected to flourish over the forecast period to integrate and interpret large amounts of structured and unstructured data generated daily from exploration, production, and development of oil and gas.

Data Business in Oil and Gas Market: Scope of the Report

The data business in oil and gas market is segmented based on component, oil companies, application, E&P lifecycle, and geography. Due to increasing digitization in the oil and gas industry, the market is anticipated to experience flourishing growth during the forecast period. By 2026, the upstream application segment will account for more than 56% of the global data business in oil and gas market due to increasing IT spending in the upstream sector of the oil and gas industry. Exploration is the key segment in the E&P lifecycle of the oil and gas industry driven mainly by deep-water exploration activities, shale gas exploration activities, declining exploration costs, and rising focus on near field explorations. National Oil Companies (NOCs) are anticipated to have more than 53% market share by 2026. NOCs are increasingly spending on big data and data management software and services, thus accounting for the maximum share in the data business market. Big data software such as data analytics, data collection, data discovery &visualization, and data management software holds the major share in the big data in oil and gas component of the market with data analytics and data management software driving the growth of this segment. Data management component growth is driven mainly by corporate/enterprise data management software.

North America is leading the data business in oil and gas market with 36% share globally. The presence of key industry players, increasing oil production, shale oil reserves, and necessary infrastructure in the U.S. is expected to drive the region’s growth. Asia Pacific is expected to be the fastest growing region in the data business in oil and gas market. Increasing oil consumption will drive the need for enhanced oil exploration and production in the APAC region.Increasing adoption of advance technological solutions in the oil and gas industry across GCC countries, Russia, China, Canada, and the U.S is expected to offer prominent opportunities to the market.

Global Data Business in Oil and Gas Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global data business in oil and gas market. Big data software and solution providers such as Accenture, Drillinginfo, Inc., Hitachi Vantara Corporation, Hortonworks, Inc., IBM Corporation, MapR Technologies, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., Cloudera, Inc., Palantir Solutions, Capgemini S.A., and OSIsoft LLC; corporate/enterprise data management solution providers such as EMC Corporation, Newgen Software, Inc., Cisco Software, Inc., and Tata Consultancy Services Ltd.; project data management solution providers such as Halliburton, Informatica Corporation, and Schlumberger Limited; and direct data monetization vendors such as National Data Repository, India and ION Geophysical Corporation are some of the key players that have been profiled in this study. Details such as financials, business strategies, key competitors, recent developments, SWOT analysis, and other such strategic information pertaining to these players have been provided as part of company profiling.

Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=47826

The global data business in oil and gas market is segmented as below:

Global Data Business in Oil and Gas Market, by Component

  • Big Data
    • Software
      • Data Analytics
      • Data Collection
      • Data Visualization and Discovery
      • Data Management
    • Services
      • Consulting
      • System Integration
      • Operation and Maintenance
  • Data Management
    • Software
      • Corporate Data Management (CDM)/Enterprise Data Management (EDM)
      • Project Data Management (PDM)
      • National Data Repository (NDR)
    • Services
      • Consulting& Planning
      • Integration& Implementation
      • Operation & Maintenance
  • Direct Data Monetization

Global Data Business in Oil and Gas Market, by Oil Companies

  • National Oil Companies (NOCs)
  • Independent Oil Companies (IOCs)
  • National Data Repositories (NDRs)

Global Data Business in Oil and Gas Market, by Application

  • Upstream
    • Conventional
    • Unconventional
  • Midstream
  • Downstream

Global Upstream Data Business in Oil and Gas Market, by E&P Lifecycle

  • Exploration
  • Development
  • Production

Global Data Business in Oil and Gas Market, by Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=47826

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada

Email: [email protected]

Website: https://www.transparencymarketresearch.com

Categories
News Software Technology World

Key Leaders of Data Business in Oil and Gas Market are IBM, Dell EMC, Oracle, SAP, Cisco Software, SAS Institute, Microsoft, Accenture, Tata Consultancy Services, Hitachi Vantara, Schlumberger, Datawatch, Drillinginfo, Hortonworks, Newgen Software, Halliburton, Informatica, MapR Technologies, Cloudera, Palantir Solutions, Capgemini, OSIsoft

The latest market research study launched by ABRReports.com on “Data Business in Oil and Gas Market 2020-2025 Growth Trends and Business Opportunities Post COVID-19 Outbreak” provides you the details analysis on current market condition, business plans, investment analysis, size, share, industry growth drivers, COVID-19 impact analysis, global as well as regional outlook.

Access the sample Copy of the report at https://www.abrreports.com/industry-insights/2020-2025-global-and-regional-data-business-in-oil-and-gas-industry-production-sales-and-consumption-status-and-prospects-professional-market-research-report?form=request-report-sample

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail. The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2014 to 2019 and forecast data from 2020 to 2025. The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

By Market Players:
IBM, Dell EMC, Oracle, SAP, Cisco Software, SAS Institute, Microsoft, Accenture, Tata Consultancy Services, Hitachi Vantara, Schlumberger, Datawatch, Drillinginfo, Hortonworks, Newgen Software, Halliburton, Informatica, MapR Technologies, Cloudera, Palantir Solutions, Capgemini, OSIsoft

By Application
Application A, Application B, Application C

By Type
Big Data, Data Management, Direct Data Monetization

Click to access full report and Table of Content at https://www.abrreports.com/industry-insights/2020-2025-global-and-regional-data-business-in-oil-and-gas-industry-production-sales-and-consumption-status-and-prospects-professional-market-research-report

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included. Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

Buy the report @

https://www.abrreports.com/industry-insights/2020-2025-global-and-regional-data-business-in-oil-and-gas-industry-production-sales-and-consumption-status-and-prospects-professional-market-research-report/checkout?option=one

Key pointers of the Table of Contents:

Chapter 1 Industry Overview
Chapter 2 Production Market Analysis
Chapter 3 Sales Market Analysis
Chapter 4 Consumption Market Analysis
Chapter 5 Production, Sales and Consumption Market Comparison Analysis
Chapter 6 Major Manufacturers Production and Sales Market Comparison Analysis
Chapter 7 Major Material Analysis
Chapter 8 Major Type Analysis
Chapter 9 Industry Chain Analysis
Chapter 10 Global and Regional Market Forecast
Chapter 11 Major Manufacturers Analysis
Chapter 12 New Project Investment Feasibility Analysis
Chapter 13 Conclusions

About Us:

ABR Reports (Advanced Business Research Reports) is the premium market research reselling company which offers market research reports to individuals, organizations and industries to enhance and strengthen the decision making process. With associate thoroughgoing list of market research Publishers we tend to cut across over all the business verticals covering 5000+ micro markets and offer market size and share analysis, industry trend, information on products, regional market and keen business insights to our clients.

Contact Us:

Scott Harris
Sales Manager
Email ID: [email protected]
Phone No.: +1-561-448-7424