Infinium Global Research has ad ded
a new report on Oil
and Gas Analytics Market. The
report presents analysis of global as well as regional markets of Oil and Gas
Analytics Market over the period of 2016 to 2024. 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. Moreover, the growth matrix
presented by Infinium Global Research identifies the key investment markets in
the near future, this will not only help the companies to understand the
competitive position in the global Oil and Gas Analytics Market but also make
strategic decisions to capture the most lucrative markets in the near future. The
market size is presented in terms of value for the historic year 2016 and
estimated for forecast period of 2018-2024.
Get
15% discount for early purchase of global Oil and Gas Analytics Market report
by clicking the following link, Use code IGRD15 to request the discount in the
given form
https://www.infiniumglobalresearch.com/reports/request-discount/1553
The recent report identified that
North America dominated the global Oil and Gas Analytics Market over the last
couple of years, while emerging markets of Asia-Pacific and Latin America are
anticipated to contribute significantly to the growth in the Oil and Gas
Analytics Market worldwide.
The report segments the global Oil
and Gas Analytics Market on the basis of services, Deployment and Application.
Global Oil and Gas Analytics
Market by Services
·
Professional
·
Cloud
·
Integration
·
Big Data and Predictive Analytics
Global Oil and Gas Analytics
Market by Deployment
·
On Premise
·
Hosted
Global Oil and Gas Analytics
Market by Application
·
Upstream
·
Midstream
·
Downstream
Companies Profiled in the Report
·
Hewlett Packard Enterprise
Development LP
·
SAS Institute Inc.
·
IBM
·
Microsoft
·
Cisco Systems, Inc.
·
Capgemini
·
Teradata, Hitachi
·
Oracle
·
Drillinginfo Inc.
·
Accenture
About Infinium Global Research
Infinium Global Research is a
business intelligence company that provides its clients with market information
services, solutions, and reports. The intelligence reports include qualitative
as well as quantitative information, which are blended using forecasting models
in order to project future market demand. Our panels of Subject Matter Experts
(SMEs), Analysts, and Consultants use numerous data gathering tools in order to
provide you with detailed information on the market as well as a preview of its
projected growth. Our repository includes the largest and most credible
databases, through which we determine various qualitative and quantitative
parameters of the market to provide you with an in-depth business intelligence
report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
